Energy Asia
Tuesday, May 24, 2022
  • Home
  • News
  • Oil & Gas
    • Petroleum
    • Natural Gas
  • Renewables
    • Solar
    • Wind
    • Hydropower
    • Wave and Tidal
    • Biofuels
  • Sustainability
    • Energy Efficiency
    • Energy Storage
    • Alternative Fuels
    • Fossil Fuel Transition
  • Energy Usage
    • Power Generation
    • Transportation
    • Energy Procurement
    • Energy Subsidies
  • Multimedia
    • Videos
    • Podcasts
  • Events
  • PR Newswire
  • Contact
No Result
View All Result
Energy Asia
  • Home
  • News
  • Oil & Gas
    • Petroleum
    • Natural Gas
  • Renewables
    • Solar
    • Wind
    • Hydropower
    • Wave and Tidal
    • Biofuels
  • Sustainability
    • Energy Efficiency
    • Energy Storage
    • Alternative Fuels
    • Fossil Fuel Transition
  • Energy Usage
    • Power Generation
    • Transportation
    • Energy Procurement
    • Energy Subsidies
  • Multimedia
    • Videos
    • Podcasts
  • Events
  • PR Newswire
  • Contact
No Result
View All Result
Energy Asia
No Result
View All Result
Home prnewswire-feeds

Global Oil & Gas Automation Market to See Positive Growth with Digitalization and New Disruptive Technologies

by Admin
March 14, 2022
in prnewswire-feeds
<div>Global Oil & Gas Automation Market to See Positive Growth with Digitalization and New Disruptive Technologies</div>
Share on FacebookShare on Twitter

Spurred by technology innovation, the overall market revenue is expected to reach $24.6 billion by 2025, Finds Frost & Sullivan 

SAN ANTONIO, March 14, 2022 /PRNewswire/ — Frost & Sullivan’s recent analysis of the global oil & gas automation market finds that digital transformation is occurring on a massive scale due to the need for increased efficiency, safety and sustainability. New disruptive technologies, including artificial intelligence (AI) and the Internet of Things (IoT), are already in use and driving digital trends across the industry. They are expected to play a bigger role as the industry recovers from COVID-19. From a revenue perspective, the total oil & gas automation market is expected to reach $24.63 billion by 2025, up from $17.17 billion in 2020 and growing at a compound annual growth rate of 7.5%.

<div>Global Oil & Gas Automation Market to See Positive Growth with Digitalization and New Disruptive Technologies</div>
Global Oil & Gas Automation Market to See Positive Growth with Digitalization and New Disruptive Technologies

For further information on this analysis, Global Oil and Gas Automation Growth Opportunities, please visit: https://frost.ly/749

“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 Agustina DeSarriera, Research Analyst, Energy & Environment at Frost & Sullivan. “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:

  • AI: Vendors need to highlight the use of AI to automate drilling operations and their ability to eventually decrease the number of wells needed for oil & gas operations. AI can also help avoid incidents and improve environmental performance by predicting leakages and identifying them in real-time.
  • Robotics: Vendors can help clients overcome their technology shyness by assigning robots to departments where they can demonstrate maximum value.
  • IoT: By showcasing the technology’s adaptability and ability to complement other technologies such as AI and OT, IoT providers will find it easier to get buy-in from clients. They can also partner with technology companies that provide OT solutions such as sensors and transmitters and help them transform into smarter tools.

Global Oil and Gas Automation Growth Opportunities is the latest addition to Frost & Sullivan’s Energy & Environment 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.

About Frost & Sullivan

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

Global Oil and Gas Automation Growth Opportunities

K693-14

Contact:

Melissa Tan
Corporate Communications
T: +65 6890 0926
E: melissa.tan@frost.com

http://www.frost.com

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Here’s How Wave Power Could Be Energy’s Next Big Leap

Here’s How Wave Power Could Be Energy’s Next Big Leap

April 20, 2021
The World’s Most Attractive Renewable Energy Market

The World’s Most Attractive Renewable Energy Market

May 31, 2021
Gogoro Battery Swapping Revolution in Taiwan – How It Happened

Gogoro Battery Swapping Revolution in Taiwan – How It Happened

August 23, 2021
Solar Energy

Solar Energy – Why Aren’t We Using A Lot More?

August 2, 2021
Tepco Seeks US$18 Billion Green Power Push

Tepco Seeks US$18 Billion Green Power Push

Saudi Arabia Lost the 2020 Oil Price War

Saudi Arabia Lost the 2020 Oil Price War

Electric Cars Are a Bright Spot Amid an Industry Hammered by COVID-19

Electric Cars Are a Bright Spot Amid an Industry Hammered by COVID-19

COVID-19 is Causing the Biggest Fall in Global Energy Investment

COVID-19 is Causing the Biggest Fall in Global Energy Investment

Energy Storage and Recycling Go Hand in Hand: WEF

Energy Storage and Recycling Go Hand in Hand: WEF

May 24, 2022
World’s First Incubator for Sustainable Cities Launched in Dubai

World’s First Incubator for Sustainable Cities Launched in Dubai

May 24, 2022
<div>RobotPlusPlus, a Leader in Aerial Work Robots, Raises USM in Series B to Accelerate R&D and Expand Global Presence</div>

RobotPlusPlus, a Leader in Aerial Work Robots, Raises US$15M in Series B to Accelerate R&D and Expand Global Presence

May 23, 2022
<div>G&W Electric Company Announces .6 million Strategic Investment to Intelligent Generation</div>

G&W Electric Company Announces $3.6 million Strategic Investment to Intelligent Generation

May 23, 2022

Energy Asia brings you the latest news, analysis and insights for the energy sector. From oil and gas and geopolitics, to renewables and environmental issues, we cover energy-related news in Asia and beyond.

Categories

  • Alternative Fuels
  • Biofuels
  • Climate Change
  • Energy Efficiency
  • Energy Procurement
  • energy risks
  • Energy Storage
  • Energy Subsidies
  • Energy Usage
  • Features
  • Fossil Fuel Transition
  • Geothermal
  • Hydrogen
  • Hydropower
  • Natural Gas
  • net zero emissions
  • News
  • Nuclear Power
  • Oil & Gas
  • Petrochemicals
  • Petroleum
  • Power Generation
  • prnewswire-feeds
  • Renewables
  • Solar
  • Sustainability
  • Transportation
  • Uncategorized
  • Wave and Tidal
  • Wind

Newsletter

Subscribe to our mailing list to receives daily updates direct to your inbox!

© 2022 Business Media International. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Oil & Gas
    • Petroleum
    • Natural Gas
  • Renewables
    • Solar
    • Wind
    • Hydropower
    • Wave and Tidal
    • Biofuels
  • Sustainability
    • Energy Efficiency
    • Energy Storage
    • Alternative Fuels
    • Fossil Fuel Transition
  • Energy Usage
    • Power Generation
    • Transportation
    • Energy Procurement
    • Energy Subsidies
  • Multimedia
    • Videos
    • Podcasts
  • Events
  • Contact

© 2022 Business Media International. All Rights Reserved.