LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global instrumentation and controls training market for the oil and gas industry provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The global instrumentation and controls training market for the oil and gas industry is anticipated to witness a rapid growth over the next few years. This is owing to the increased job opportunities in the oil and gas sector, particularly at the entry and middle level of the organizational hierarchy. Companies are increasingly employing candidates with certifications or degrees that have provided them with adequate hands-on experience for them to be able to perform seamlessly in the workplace.
Jhansi Mary, a lead analyst from Technavio, specializing in research on K12 and higher education sector, says, “The increasing awareness of digital oil fields and rising use of automation systems in the production and exploration of oil and gas have resulted in the high demand for instrumentation and controls courses. These allow professionals to gather, analyze, and process correct information at the right time to optimize operations and take necessary actions to prevent any occupational hazards.”
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The top three emerging trends driving the global instrumentation and controls training market for the oil and gas industry according to Technavio research analysts are:
- Growing popularity of IIoT
- Increasing focus on Big Data and cloud-enabled solutions
- Introduction of augmented and virtual reality
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Growing popularity of IIoT
IIoT is gaining popularity, particularly in the manufacturing and industrial sector. It has applications in plants and facilities in the oil and gas, chemical, and petrochemical industries. Various instruments and control systems are synchronized with the Internet and real-time network. This, in turn, allows oil and gas companies to increase the uptime of processes, boost performance, and drive innovation while reducing operational costs.
“The IIoT in the oil and gas industry is expected to allow improvements in security, flexibility, and saving operational costs. Connecting intelligent physical entities, including machines, sensors, and assets with each other in connection to the Internet will allow technicians and engineers to gather data and generate valuable insights regarding flow measurement, pressure measurement, and other processes using sophisticated analytical and execution software systems,” according to Jhansi.
Increasing focus on Big Data and cloud-enabled solutions
Data analytics and optimization of information from sensory equipment and instruments stored in cloud-based solutions will allow executives and companies to drive value and reduce costs. Infosys is helping the oil and gas majors through predictive analytics, decision trees, and equipment sensor data, which can be leveraged to identify potential failures, transform work processes, and track maintenance requirements.
New joiners and engineers need to be trained on using the Big Data architecture and predictive maintenance solutions. Also, digital security for digitally-driven oil and gas enterprises and plants need to be maintained to protect organizations from any data thefts from digital and cloud-based business models.
Introduction of augmented and virtual reality
The introduction of augmented and virtual reality in training modules for effective explaining of innovative concepts and new ways of optimizing processes is gradually gaining traction among oil and gas companies. These technologies are increasingly adopted by oil and gas players to provide real-time, immersive learning experience to new joiners and other working professionals, especially those deployed in fields.
In addition to experiential learning, virtual reality (VR) and augmented reality (AR) allows instructors to inform, create awareness, and train candidates to tackle various occupational hazards. EYESim is a technology and training solution invented by the engineering firm Invensys for creating a link between control room technicians to maintenance professionals and field operators by using a process simulation and virtual walkthrough plant environment.
The key vendors are as follows:
- ABLE Instruments & Controls
- Forbes Marshall
- Mobility Oil and Gas
- PetroSkills
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