Latest News

Global oil and gas control systems market to be worth $8.18 billion in 2013

The global oil & gas automation and control systems market will reach a value of $8.18 billion in 2013, with safety and optimisation of oil and gas processes driving expenditure in the market.

Visiongain expects this market to record moderate and continuous growth over the next decade, as oil, gas and power companies try to increase productivity, reduce costs and improve their safety standards.

Automation and control systems are used throughout the industry from oil & gas field operations, to production and processing plants, and distribution and retailing of petroleum products. Integrated monitoring and control systems raise efficiency, speed and performance of companies' operations.

The lead analyst of The Oil & Gas Automation & Control Systems Market 2013-2023 report commented that "Oil & gas industry leaders are investing in automation and control systems to ensure that their facilities are running at maximum efficiency and at the highest safety standards.

"Such a move is becoming evermore critical with narrowing margins in the downstream industry driving operational improvements, while increasingly challenging environments in the upstream oil and gas industry demand the highest safety and monitoring standards."

The report provides profiles of 17 leading automation and control system providers for oil and gas fields within the market. It is priced at $2,326 for a single user and available for download.

Send this to a friend