Industrial Automation Market for the European Oil and Gas Industry—Key Insights
his research service is a key insight that analyses future trends in the European industrial automation market as well as the process control (IPC) market for the oil and gas industry. This service determines the impact of data analytics and mobility on the growth dynamics of this market. In addition, the study analyses the market from the perspective of several technology trends in Europe that are likely to have an impact on the European IPC market for the oil and gas industry. The study period for this service is from 2010 to 2018, with a base year of 2013.
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.
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