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Distributed Control Systems (DCS) in the Oil & Gas Industry, 2019-2023 - Increase in Complexity of Offshore Field Operations - ResearchAndMarkets.com

March 22, 2019

DUBLIN--(BUSINESS WIRE)--Mar 22, 2019--The “Global Distributed Control Systems (DCS) Market in the Oil and Gas Industry 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The distributed control systems (DCS) market in the oil and gas industry will register a CAGR of over 3% by 2023.

Automation control systems are an integral part of the oil and gas industry as they ensure accuracy and precision. DCS are some of the extensively used automation control systems in the oil and gas industry. These systems offer improved control over the production process.

The oil and gas industry is a process-based industry, and it is characterized by continuous operations and complex monitoring processes. DCS help operators to control operations with the help of HMI and controller. These systems automate safety processes, such as alarm management system, and undertake corrective measures and predictive maintenance of equipment.

Stringent norms in the oil and gas industry by environmental groups such as Environment Agency (England), San Juan Citizens Alliance (US), Environmental Integrity Project (US), and Colorado Rising (US) have increased the demand for automation and control systems from the oil and gas industry.

Increase in complexity of offshore field operations

Exploration and production activities in offshore oil and gas fields are increasing because of the rapidly maturing onshore hydrocarbon basins. Owing to technological advances, oil and gas companies are engaging in numerous deepwater and ultra-deepwater exploration activities in the oil and gas fields. Offshore oil and gas fields, particularly deepwater and ultra-deepwater fields, vary significantly from conventional oil and gas fields in terms of operations.

Cybersecurity threats

Though automated systems significantly improve the productivity and efficiency of processes in the oil and gas industry, they are susceptible to high security threats, particularly cyberattacks. Though suppliers and end-users of automation systems are improving security measures to combat cyberattacks, the emergence of new technologies for cybercrimes has put DCS solutions on high risk, thereby hampering the adoption of DCS in the oil and gas industry.

Competitive Landscape

The distributed control systems (DCS) market in the oil and gas appears to be fairly fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

  • ABB
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Rockwell Automation Inc.
  • Schneider Electric
  • Siemens

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Comparison by product
  • Software - Market size and forecast 2018-2023
  • Hardware - Market size and forecast 2018-2023
  • Services - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

  • Growing focus on data analytics in the oil and gas industry
  • Virtualization of DCS
  • Increase in LNG trade

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Rockwell Automation Inc.
  • Schneider Electric
  • Siemens

For more information about this report visit https://www.researchandmarkets.com/research/l7lmm3/distributed?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190322005264/en/

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Related Topics:Gas,Engineering,Industrial Automation

KEYWORD:

INDUSTRY KEYWORD: ENERGY OIL/GAS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/22/2019 10:15 AM/DISC: 03/22/2019 10:15 AM

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