Complete report is available @ http://www.rnrmarketresearch.com/process-automation-instrumentation-market-in-oil-gas-industry-by-process-automation-scada-dcs-plc-mes-instrumentation-analyzers-flow-computers-leakage-detection-operation-geography-market-report.html .
Major growth opportunity for the Oil & Gas Automation & Instrumentation industry lies with emerging economies where there is a huge development and opportunity in oil and gas. Exploration and extraction of ‘shale’ gas, the rising demand of oil and gas, upgradation of old oil and gas platform, exploration and extraction from aging oil and gas wells, and the increasing emphasis on safety and security are the main drivers for the process automation and instrumentation market in oil and gas industry. Restraints includes: matured and saturated developed economies, and issues pertaining to the integration of data generated by installing automation products.
The process automation accounts for a major share of the global Oil & Gas Automation & Instrumentation Market. The report covers the market by technology, operation, and geography— of the process automation and instrumentation market in the oil and gas industry; it provides a detailed analysis of the current market scenario and its estimation till the year 2020. The market is expected to grow well in the developing regions, which is mainly attributed to the fact that there is a rise in demand of oil and gas due to rise in the population and standards of living in these regions.
Comments