About Automation Solutions Market in Shale Gas Industry
Automation control systems such as DCS, SCADA, PLC, and MES are popular in various process and discrete industries. These industries include the power, packaging, automotive, pulp and paper, chemical and petrochemical, pharmaceutical, and oil and gas that include the shale gas industry. Many businesses are optimizing their overall operations to offer superior-quality products in the least possible time. Automation solutions enable companies to improve their plant productivity and efficiency. Moreover, these solutions enhance organizational efficiency by facilitating uninterrupted system operations.
Technavio’s analysts forecast the global automation solutions market to grow at a CAGR of 1.05% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automation solutions market in the shale gas industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of hardware and software licenses, renewal of software licenses, upgrades of existing solutions, maintenance, and services
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automation Solutions Market in Shale Gas Industry 2016-2020
Technavio recognizes the following companies as the key players in the Global Automation Solutions Market in Shale Gas Industry: ABB, Emerson, Honeywell, Schneider, and Siemens.
Other Prominent Vendors in the market are: Adept Technologies, Beckhoff, Bosch Rexroth, CG Automation Solutions USA, EYELITE, GE, Idec, Keyence, Koyo Electronics, Mitsubishi Heavy Industries, Omron, Panasonic, Rockwell, Toshiba, Unitronics, and Yokogawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “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.
ABB, Emerson, Honeywell, Schneider, Siemens, Adept Technologies, Beckhoff, Bosch Rexroth, CG Automation Solutions USA, EYELITE, GE, Idec, Keyence, Koyo Electronics, Mitsubishi Heavy Industries, Omron, Panasonic, Rockwell, Toshiba, Unitronics, Yokogawa Electric.