The Demand for Oil and Gas Has Been Forecast to Increase on an Average of 1.7 Percent from 2005 Through 2015

Research and Markets (www.researchandmarkets.com) announces the addition of Frost & Sullivan's new report Strategic Analysis of the Automation and Software Solutions Market in the World Oil and Gas Industry to their offering.

This Frost & Sullivan research service titled Strategic Analysis of the Automation and Software Solutions Market in the World Oil and Gas Industry provides an overview of the revenue forecasts for the various automations segments across various geographies along with a comprehensive analysis of the various drivers, industry challenges, and trends prevailing in the market.

In this study, Frost & Sullivan's expert analysts thoroughly examine the following markets: programmable logic controller (PLC), distributed control system (DCS), industrial asset management (IAM), manufacturing execution system (MES), supervisory control and data acquisition (SCADA), human machine interface (HMI), advanced process control (APC), safety systems and industrial control services market.

Chapter Titles:

* Executive Summary
* Strategic Analysis of the Total Automation and Software Solutions Market in World Oil and Gas Industry
* Strategic Analysis of Process PLC Market in the World Oil and Gas Industry
* Strategic Analysis of DCS Market in the World Oil and Gas Industry
* Strategic Analysis of SCADA Market in the World Oil and Gas Industry
* Strategic Analysis of MES Market in the World Oil and Gas Industry
* Strategic Analysis of APC Market in the World Oil and Gas Industry
* Strategic Analysis of IAM Market in the World Oil and Gas Industry
* Strategic Analysis of Safety Systems Market in the World Oil and Gas Industry
* Strategic Analysis of the Industrial Control Services Market in the World Oil and Gas Industry
* Appendix

Greater Demand for Oil and Gas Drives Investment in the Automation Segment

Demand for oil and gas has been increasing steadily over the past few years; this has hiked the investments that are being pumped into the oil and gas industry. The vast demand for oil in turn, bolsters the oil and gas companies to increase their investments in automation in order to optimize their processes. "Oil and gas companies are looking to sustain their supply and are investing major portion of their revenues in exploration and research," according to the analyst of the study. "Globally, awareness has grown about environment-friendly fuels and this boosts increased exploration which in turn positively affects the automation industry."

The demand for oil and gas has been forecast to increase on an average of 1.7 percent from 2005 through 2015. The international energy agency expects a 15 percent rise in oil demand by 2030. In addition, new regulations announced by various countries and organizations are also driving the development and expansion of the oil refining industry. As a result, the focus for oil and gas companies is especially on lean manufacturing and efficient processing which is likely to strengthen the position of automation in the oil and gas industry.

Focus on Increasing Efficiency Drives Automation of Manufacturing Processes

A significant damper to the demand for oil and gas is the carbon emission control systems that have been enforced in developed economies; the European Union (EU) for instance has stringent emission norms for automobiles, refineries, and power plants. Despite this real threat, the incessant demand for oil and gas from developing regions such as Asia Pacific is likely to aid the automation and software solutions market. With the shift of manufacturing to the Asia Pacific regions, it is likely that at the end of the forecast period, over 70 percent of the oil demand will arise from developing countries in this region.

Moreover, as natural resources decline, the need to lower operating costs and increase efficiency is on an all-time high. The oil and gas industry is constantly searching for new reserves in order to enhance its supply potential and is also keen to upgrade its existing infrastructure. "As a result, in the future, upstreaming is likely to drive the capital investments in oil and gas sectors; with a majority of the demand rising from the transportation sector, the importance of the middle stream is also expected to grow," explains the analyst. "In addition, due to ever-increasing demand, manufacturers are being forced to automate their processes in an effort to maximize their plant utilization."

For more information visit http://www.researchandmarkets.com/reports/c51193


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