Robust Investment Though Challenging Environment
The Automation Expenditures for Upstream Oil & Gas Industry Global Market Research Study examines the market for automation and field devices, and the factors contributing to the growth and deployment of specific products and systems.
Automation products and systems include CPM, Continuous Ultrasonic Level Measurement Devices, Control Valves, DCS, Enterprise Asset Management, Flowmeters, High Power AC Drives, HMI Software, Low Power AC Drives, PAM, Process Engineering Tools, Process Safety Systems, PLCs, Radar Level Devices, RPO, SCADA Systems, and Transmitters.
Driven by continued strong demand and record high oil prices, the oil & gas industry made robust capital expenditures in automation in 2011, primarily into the exploration and extraction infrastructure.
With access to only a minority percentage of proven reserves, integrated oil companies must attempt to replace their reserves in remote areas that are much less hospitable and more dangerous - both environmentally and politically. This is driving huge expenditures in large, complex, and difficult capital projects in the production segment.
This study provides strategic market in-formation and guidance about automation and field device systems being deployed worldwide in the upstream oil & gas industry. In addition to quantitative assessments, key strategic issues are identified for 2012 and beyond that will have substantial impact on this market such as:
- Market potential and size for automation systems and field device products
- Leading suppliers in this vertical industry sector
- Market size in the various world regions
- Strategic issues facing suppliers and manufacturer
- Strategies for suppliers and manufacturers in the worldwide oil & gas industry to maximize opportunities in a dynamic energy markets