DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Automation Solutions Market in the Oil and Gas Industry 2016-2020" report to their offering.
The report forecasts the global automation solutions market in the oil and gas industry to grow at a CAGR of 1.1% during the period 2016-2020.
Operations in the oil and gas industry are divided into three major sectors: upstream, midstream, and downstream. Oil and gas companies in this industry are specialized in operations related to either of the three sectors. However, there are large integrated oil and gas companies, such as ExxonMobil, BP, and Chevron that have operations in all three sectors.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, rise in implementation of digital oilfield solutions will be a key driver for market growth. Oil and gas companies are responding to decline in oil prices by focusing on improving efficiencies and cutting costs. They are incorporating digital oil field solutions that incorporate advanced hardware, software, and data analysis techniques to enhance the productivity of oil and gas production.
Further, the report states that threat from open-source industrial automation software will be a challenge for the market.
- Emerson Electric
- Rockwell Automation
- Schneider Electric
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by solution
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
For more information on this topic, check out the Oil and Gas Exploration and Production section of the Research and Markets' blog.
For more information about this report visit http://www.researchandmarkets.com/research/hzhd4v/global_automation