1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
  4. > Industrial Automation Market for the European Oil and Gas Industry—Key Insights

Big Data Analytics and Mobility to Play a Role in Industrial Automation

CEO’s Perspective

- By 2018, the shift in oil and gas (O&G) production to unconventional sources such as tight oil in difficult-to-access European locations is expected to increase the emphasis on lower operational costs and high production throughput of the equipment used.
- End users’ preference for a data analytics solution is poised to increase between 2013 and 2018 because of advantages such as maximum resource utilization and minimum production downtime.
- From 2013 to 2018, the main automation contractor (MAC)/ main electrical contractor (MEC) value chain model will likely be adopted in the European O&G industrial automation market.
- A cyber security solution is expected to become an indispensable part of industrial automation for the O&G segment to prevent losses occurring from cyber attacks.
- The digital oilfield concept is expected to gain acceptance among major European O&G companies between 2013 and 2018, driven by merits such as centralized operability and organized visualization that lead to higher productivity.

Definitions

Pumps
Pumps are mechanical devices used to compress, raise, or move fluids with suction or pressure. Positive displacement (PD) pumps and centrifugal pumps are included in this study.

Valves
Valves are devices that regulate, control, and direct the flow of fluids, fluidized solids, and slurries. These devices do this by closing, partially opening, or opening the passageway. Multi-turn valves, quarter-turn valves, and control valves are included in this study.

Actuators
Actuators are used to operate and control valves by producing linear or rotary motion through motors, pistons, or other devices from fluid, electric, or other sources of power under the action of a controlling source. Hydraulic actuators, electric actuators, and pneumatic actuators are included in this study.

Compressors
Compressors are mechanical devices that increase the pressure of a fluid by reducing the volume. They are used to transport fluids through pipes. Reciprocating compressors, rotary compressors, and centrifugal compressors are included in this study.

Automation and Control Systems (ACS)
ACS refers to the different types of control systems: distributed control systems (DCS), programmable logic controllers (PLC), safety instrumented systems (SIS), supervisory control and data acquisition (SCADA), industrial asset management (IAM), and manufacturing execution systems (MES) that are used in the O&G industry to automate various processes.

Electric Motors
These motors are electrical devices that produce motive power from electricity or an internal combustion engine. Alternating current (AC) motors, direct current (DC) motors, and servo motors of all power and voltage ratings are included in the study.

Electric Drives
These drives are electrical devices that regulate the power and voltage supplied to electric motors based on input from a controller. AC drives and DC drives of all power and voltage ratings are included in the study.

Table Of Contents

Industrial Automation Market for the European Oil and Gas Industry—Key Insights
Executive Summary
Market Overview
European Oil and Gas Industry
Industrial Automation Market for the Oil and Gas Industry
Technology Trends in Industrial Automation for the Oil and Gas Industry
Market Trends in Industrial Automation for the Oil and Gas Industry
The Last Word
The Frost and Sullivan Story

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Industrial Automation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Industrial Automation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • December 2016
  • by Transparency Market Research

Global Industrial Automation Market: Overview Industrial automation is defined as the amalgamation of all machinery, processing systems, test facilities and factories which became automated because of ...

Service Robotics Market by Operating Environment, Application, and Geography - Global Forecast to 2022

Service Robotics Market by Operating Environment, Application, and Geography - Global Forecast to 2022

  • $ 5650
  • Industry report
  • January 2017
  • by MarketsandMarkets

“Global service robotics market expected to grow at a significant rate” The global service robotics market is expected to grow at a CAGR of 15.18% between 2016 and 2022 to reach USD 23.90 billion ...

Motion Control Market by Component, Application, Industry, and Geography - Global Forecast to 2022

Motion Control Market by Component, Application, Industry, and Geography - Global Forecast to 2022

  • $ 5650
  • Industry report
  • January 2017
  • by MarketsandMarkets

“Motion control market expected to exhibit significant growth potential between 2016 and 2022” The motion control market is expected to grow at a CAGR of 5.5% between 2016 and 2022 to reach USD 22.84 ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.