Energia
Global Oil & Gas Automation Market to See Positive Growth with Digitalization and New Disruptive Technologies
"Industry 4.0 has been transforming the oil and gas value chain by enhancing connectivity, simplifying operation maintenance, and prioritizing safety. The digitalization of drilling processes in the upstream sector is a high-growth area and can significantly boost production," said . "Operational technologies (OT), such as supervisory control and data acquisition (SCADA) systems, distributed control systems (DCSs), and programmable logic controllers (PLCs), are already in place. However, to optimize automation, companies will soon have to include artificial intelligence, Internet of Things and robotics technologies in their operations."
DeSarriera said, "Environmental regulations and agreements are compelling the industry to become more sustainable, and participants are recognizing that one of the easiest ways to achieve higher process efficiencies is automation. With the pandemic causing a resource shortage, it is imperative that oil & gas companies tap automation to reduce human exposure and perform rote tasks that were previously performed by humans."
As the industry feels the pressure to become more sustainable and less labor-intensive, there will be greater growth opportunities for technology providers of:
is the latest addition to Frost & Sullivan's research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion
K693-14
:
Melissa Tan
Corporate Communications
T: +65 6890 0926
E: melissa.tan@frost.com
http://www.frost.com
Photo - https://mma.prnewswire.com/media/1765578/Oil_Gas_Automation_Market.jpg