Oil & Gas Automation & Control Systems Market 2014-2024

Oil & Gas Automation & Control SystemsOil & Gas Automation & Control Systems Market 2014-2024 PR Newswire LONDON, November 27, 2013 The oil and gas (O&G) automation and control (A&C) systems market is a well established sector of the oil and gas industry. A&C systems are applied to all segments from upstream to downstream, and serve a large variety of applications, from emergency shutdown of production facilities to control sensors checking flows in pipelines and automation systems assisting manufacturing processes in refineries. The first A&C systems were in operation as early as the 1960s and they continue to play a critical role in the oil and gas industry today. Nevertheless, the overall trend in the automation and control systems market over the next 10 years is one of growth, thanks to robust demand for process optimisation, safety measures and remote-control solutions in every segment of the O&G industry. A&C systems allow companies to monitor operations in real time and improve on-site decision-making in order to maximise production. They raise facility uptimes and lower maintenance costs in the long term. Finally, they are critical in cutting costs, from those related to sub-optimal processes to those of personnel. Visiongain calculates that the 2014 global oil & gas automation & control systems market will be worth $13,194m in sales value.