About Automation and Instrumentation
Automation and instrumentation solutions consist of automation solutions such as DCS, MES, PLC, SCADA, and APC, which help companies optimize their business operations by effectively controlling the production processes. The automation instruments include control valve, temperature transmitter, level transmitter, flow transmitter, and pressure transmitter, which help in improving the operational efficiency of an organization. The automation and instrumentation products are used in various discrete and process industries including Oil and Gas, Chemical, Refining, Power, Petrochemical, Textile, Automotive, and Pharmaceutical industries. Effective deployment of these solutions will help reduce the downtime and optimize the overall operational cost of the organization.
TechNavio's analysts forecast the Automation and Instrumentation market in Europe for the Oil and Gas industry to grow at a CAGR of 5.63 percent over the period 2014-2019.
Covered in this Report
The Automation and Instrumentation market in Europe for the Oil and Gas industry can be segmented into two major segments: Industrial Automation consisting of DCS, PLC, SCADA, and Others; and Automation Instrumentation consisting of Control Valves, Flow Meters, and Transmitters.
TechNavio's report, Automation and Instrumentation Market in Europe for the Oil and Gas Industry, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Automation and Instrumentation Market in Europe in the Oil and Gas Industry 2015-2019
Technavio recognizes the following companies as the key players in the Automation and Instrumentation Market in Europe in the Oil and Gas Industry 2015-2019: ABB Ltd., Emerson Electric Co., Honeywell International Inc., Rockwell Automation Inc., Siemens AG and Yokogawa Electric Corp.
Other Prominent Vendors in the market are: Applied Material, Aspen Technologies, Dassault Systèmes, FMC Technologies, GE, Metso, Miracom, Mitsubishi Heavy Industries, Omron, SAP, Schneider Electric, Toshiba International, Valmet, Werum Software & Systems.
Commenting on the report, an analyst from Technavio’s team said: “Cloud computing technology has become popular among organizations because it offers huge space for data storage, provides flexibility, and enables better scalability. It helps in providing flexibility to operations with uninterrupted data access.”
According to the report, the growing energy need worldwide because of rapid urbanization has led to increased exploration activities. These growing activities have resulted in increased implementation of automation and instrumentation systems in the oil and gas industry in Europe.
Further, the report states that volatile oil and gas prices because of oversupply concerns are affecting market growth.
ABB Ltd., Emerson Electric Co., Honeywell International Inc., Rockwell Automation Inc., Siemens AG, Yokogawa Electric Corp., Applied Material, Aspen Technologies, Dassault Systèmes, FMC Technologies, GE, Metso, Miracom, Mitsubishi Heavy Industries, Omron, SAP, Schneider Electric, Toshiba International, Valmet, Werum Software & Systems