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 market outlook for motors and drives services
Technavio’s market research analysts have estimated that the global market for motors and drives services will grow moderately at a CAGR of almost 6% by 2020. The recent preference for outsourcing service and maintenance operations will result in the steady growth of this market during the estimated period. Globally, it has been observed that both process and discrete industries have started adopting third-party services to satisfy service maintenance requirements for key components such as drives and motors. Over 400 motors and drives from different OEMs are routinely deployed in a typical manufacturing plant. The third-party service provider offers a single comprehensive solution, which addresses all the needs of maintenance and service portfolios of drives and motors. Since training expenditure and downtime due to training adds the overall operational expenditure, most end users have started outsourcing service and maintenance operations to third party services.
In terms of geography, our in-house analysts have estimated that the APAC region will be the largest market for motors and drives services during the predicted period. In this region, the continued focus on oil and gas exploration and drilling activities to achieve energy self-sufficiency will lead to the high growth of the market in APAC. This recent increase in the preference for energy self-sufficiency will create a robust demand for the regular servicing and maintenance of motors and drives, including gas injection compressors, multiphase pumps, re-injection pumps, electrical submersible pumps, seawater lift pumps, and crude oil export pumps.
Competitive landscape and key vendors
Factors impacting the growth of the global motors and drives servicing market differ in terms of product performance, portfolio and service offerings, applications, knowledge of
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
Overview of the global industrial turbocharger market
Market research analysts at Technavio have predicted that the global industrial turbocharger market will grow steadily at a CAGR of more than 4% by 2020. Though there is an abundant availability of renewable energy sources, fossil fuels such as gasoline and diesel continue to dominate the power generation market. The rise in global population and rapid industrialization will lead to an exponential increase in demand for energy, especially from the developing countries and emerging economies. Recent studies have estimated that the current rate of energy consumption will result in the depletion of fossil fuels in the next century. This has induced several countries to introduce stringent regulations that demand the regulated consumption of energy across all industries. This will compel industries to incorporate technologies such as turbocharging to make machine processing and functioning more efficient and cost-effective.
The coming years will witness the introduction of the second generation two-way turbocharging in the marine industry. Due to the position of the intercooler located between the low-pressure-stage and high-pressure-stage turbochargers, the two-stage turbo-engines result in obtaining increased turbocharging efficiencies. Two-way turbocharging results in the significant reduction of the energy required to compress the air to high pressure and also reduces the level of work required after the intercooler. In addition to offering fuel-efficiency, two-stage turbocharging will also offer benefits such as increased power output,
While traditionally the automation industry has not been on the cutting edge of technology, it has done a good job of co-opting widespread innovations in mainstream markets and using these developments for internal growth.
The industry has expanded significantly in recent years because of technologies like programmable logic controllers (PLCs) and distributed control systems (DCSs). These have helped reduce production cycle times and manufacturing costs and improved the overall efficiency of the manufacturing industry. Over the next few years, this industry is poised for significant growth, largely due to further technological innovations in areas such as M2M networking, nanoscale assembly systems, nanotechnology, and robotics.
Technavio’s industrial automation research is aimed at delivering in-depth insights on the market, with a focus on up-and-coming innovations in this space.