Overview of the global automation solutions market in the oil and gas industry
According to this market research report, the global market for automation solutions in the oil and gas industry will grow moderately at a CAGR of over 1% by 2020. The recent growth of midstream infrastructure is a critical factor leading to the growth of this market during the estimated period. In the short term, midstream companies are minimally impacted due to low energy prices and a decline in the price of oil. Since contracts in the oil and gas industry are fee-based, most contracts are finalized at fixed rates and contain minimum volume commitments or guarantees of minimum ROI. The augmented implementation of automation solutions, such as SCADA and DCS, to overcome issues like the unstable flow of fluids in pipelines and risers in the midstream infrastructure will lead to the growth of this market over the next four years.
Another trend influencing this market’s growth is the availability of automation solutions on the cloud. In the oil and gas sector, automation solutions are likely to be the next logical step in the evolution of automation technology. By shifting towards cloud-based environments, oil and gas companies can significantly reduce costs, achieve greater flexibility, and enhance functionality. A cloud-based platform shifts the task of maintaining data from the oil and gas service companies to the cloud service provider and eliminates the expenses incurred and problems related to the hardware layer of IT infrastructure for companies.
Global overview of the automation solutions market in the power industry
Technavio’s market research analysts have estimated that the global automation solutions market in the power industry will grow moderately at a CAGR of almost 6% by 2020. The augmented need for reducing T&D losses across the power grid will lead to the growth of this market during the predicted period. According to a research carried out by our analysts, it has been found that the total amount of power generated by power plants does not reach the customers due to flaws in the long distance power transmission infrastructure. By the time the power reaches the end-user, approximately 10% of the power is lost due to technical and non-technical losses. Technical losses can be attributed to leakages, open circuit losses, dielectric losses, joule losses in transmission lines, and overloading of distribution systems. Similarly, non-technical/commercial losses can be attributed to theft, defective meters, and meter reading errors. Since these factors result in huge financial losses for power utilities companies, the need for automation solutions will increase significantly over the next few years.
The widespread adoption of the Internet-of-Things (IoT) across the power industry is a noteworthy factor leading to the growth of this market during the forecast period. At present, many companies have started option for IoT for intelligent grids, meters, assets, and appliances to increase the interaction between products, people, and assets. The
Global outlook of the industrial automation software market
Technavio’s market research analysts have predicted that the global industrial automation software market will grow steadily during the forecast period and will post a CAGR of more than 6% by 2020. This industry research report identifies the integration of industrial automation software with design and enterprise software systems to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The integration of industrial and enterprise software such as customer relationship management (CRM), enterprise resource planning (ERP), and PLM will help organizations make their data available across different sectors. For instance, product lifecycle management or PLM software contains information on the design of products and other related manufacturing process. Whereas, the ERP and CRM systems integrate and store business operating information on human resources, CRM, accounting, and other business financials. When integrated with industrial automation software such as MES, companies will have a much efficient platform for effective data exchange that leads to enhanced company agility and improved quality of transmitted information.
This market research study predicts APAC to be the major revenue contributor to the market by the end of the forecast period and also estimates the region to account for almost 34% of the total market shares by 2020. This mainly attributes to the increase in investments in various industries such as smart power grids, pharmaceuticals, automotive, and food
Overview of the global industrial transmitters market
Market research analysts at Technavio have predicted that the global industrial transmitters market will grow steadily during the predicted period and will post a CAGR of more than 5% by 2020. This market research analysis identifies the increased focus on process safety as one of the primary growth factors for this market. An increasing number of accidents resulted by the spilling or overfilling of materials, such as liquids and chemicals result in hazardous consequences. For instance, false indications by the critical alarms and control instrumentation that failed to alert the high level to control room operators resulted in the Texas City explosion in 2005. Similar incidents in the past highlight the need for better process measurements and also drive the adoption of safety instrumented systems and safety integrity level (SIL) rated transmitters. Radar level transmitters help in eliminating any possibilities of such incidents and also help in the prevention of environmental damage.
The coming years will witness the use of wireless transmitters emerging as one of the major trends that will gain traction in this market. They can be easily installed in hard-to-reach areas and also significantly reduce installation costs as they eliminate the need for wiring and other connectors. Analysts estimate that the Americas will account for almost 37% of the total share of the market and will also dominate the market throughout the forecast period.
Competitive landscape and key vendors
The market is characterized by the presence of several large and small scale transmitter manufacturers and is dominated by leading vendors such as ABB, Honeywell, Emerson Electric, Schneider Electric, and Yokogawa. Since all players equally compete to gain a
Global overview of the industrial control systems (ICS) security market
Extensive research carried out by the analysts at Technavio has shown that the global industrial control systems (ICS) security market will grow at an impressive CAGR of around 9% over the predicted period. The industrial control systems are used in the power generation, transmission, and distribution sectors to collect, store, and analyze data from multiple data points in national or regional networks. The advent of global smart grid projects is broadening the scope of SCADA systems in developing countries, like India and Brazil. SCADA uses the data from smart meters and sensors equipped with smart grid to measure and monitor electricity consumption and automatically execute the decisions to optimize the grid’s operations. As a result, governments across the globe are eventually shifting to smart grids to improve efficiency and reduce energy consumption and cost. However, the security of the smart grid network is prone to cyber-attacks due to the frequent exchange of sensitive information through communication networks, such as the Internet, intranets, and corporate networks. Hence, power utilities require robust security measures to counter such complex threats.
ICS security is highly prone to cyber-attacks and is, at present, among the top-targeted sectors globally. Malware infections and other types of cyber-attack on systems like PLC, DCS, and SCADA can lead to invalid data
Overview of the global motion simulation market
Market research analysts at Technavio have predicted that the global motion simulation market will grow steadily during the predicted period and will post an impressive CAGR of about 11% by 2020. One of the major factors that will contribute to the growth of the motion simulation software market in the next four years is the increasing popularity of cloud-based motion simulation and analysis software. The limited availability of high-performance computing devices has made it difficult for engineers to operate their complex and computationally demanding simulation software. Cloud-based motion analysis software offers several advantages such as large space for data storage, flexibility, ease of access, and increased security. Moreover, cloud-based services do not require customers to pay for licensing, offers improved scalability, and also requires very less maintenance. Such benefits will induce more software vendors to partner with cloud service platform and hosting solution providers to provide efficient cloud-based motion simulation services to customers.
Aerospace and defense companies are constantly on the lookout for new space launch systems for space exploration missions. To attain the highest quality and cost and time reduction, companies rely on product lifecycle management (PLM) software to develop efficient space launch systems. The recently launched Atlas V rocket was designed using engineering analysis and simulation software from Siemens’ PLM software business. Another major aerospace company, ATK Aerospace
Automating workflows allows for easy monitoring and control, and has helped end-users in both industrial and non-industrial sectors achieve accuracy and consistency in all processes.
There is an increased need to normalize different data points in a process or discrete industry. The monitoring and controlling activities of these data points is continuously automated in order to increase the productivity and quality of the end product. Additionally, to minimize operational expenses, original equipment manufacturers are opting for automation services because they reduce direct labor costs.