Global Automation Solutions Market in Shale Gas Industry 2016-2020 – Volatility of Crude Oil & Natural Gas Prices a Key Challenge – Research and Markets
July 1, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the “Global Automation Solutions Market in Shale Gas Industry 2016-2020” report to their offering.
The report forecasts the global automation solutions market to grow at a CAGR of 1.05% during the period 2016-2020.
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.
The computational analysis of data (analytics) is a valuable asset that drives decision-making across various industries including the shale gas industry. The automation market is no exception, and vendors use analytics to enhance their business and boost value propositions. Analytics and statistical models can be custom-designed to meet market requirements. The use of such technologies boosts decision-making with the least margin for errors, helps anticipate future problems, and identifies the cause of errors.
According to the report, the shale gas industry is composed of various upstream, midstream, and downstream processes and operations that must function at optimum levels to ensure production and distribution of the products effectively. The use of automation technologies helps prevent wastage, increases efficiency, and reduces overall expenditure.
Further, the report states that sustained declines in crude oil and natural gas prices in the last two years may compel oil and gas companies to divest in infrastructure for the next two to three years. This may cast a negative influence on the automation solutions, such as DCS, PLC, SCADA, and MES, which monitor, control, and regulate shale gas exploration, production, and transportation.
Key vendors:
- ABB
- Emerson
- Honeywell
- Schneider
- Siemens
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Automation industry value chain
PART 06: Shale gas industry value chain
PART 07: Market landscape
PART 08: Market segmentation by types of automation solutions
PART 09: Geographical segmentation
PART 10: Key leading countries
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/rzwxmm/global_automation
View source version on businesswire.com: http://www.businesswire.com/news/home/20160701005813/en/
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Sector: Gas, Industrial Automation