Global Automation Solutions Market in the Oil & Gas Industry to Grow 1.1% by 2020 - Rise in Implementation of Digital Oilfield Solutions - Research and Markets

DUBLIN, October 12, 2016 /PRNewswire/ --

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.

Increased acceptance of Ethernet networking protocols in the oil and gas networking sector will be a key trend for market growth. Technological advances have made Industrial Ethernet robust and reliable for harsh applications in the oil and gas industry. For midstream infrastructure, Industrial Ethernet is the de facto solution for communications because it provides easy interoperability and system integration. In a typical SCADA architecture, each compressor station or tank farm controller is referred to as RTU. These RTUs are connected to each other through centralized control and monitoring centers via Industrial Ethernet.

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. An open-source automation software is an independent platform that provides a set of software development tools, which can be integrated into different ways to produce a unique product and service. The open-source communities offer development libraries, interface applications, mass configuration tools, and front and back-end applications.

Key vendors:

• ABB
• Emerson Electric
• Honeywell
• Rockwell Automation
• Schneider Electric
• Siemens

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/skv9hg/global_automation

Media Contact:

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716