This market study report presents a detailed segmentation of the global automation solutions market in shale gas industry by types of automation solutions (DCS, SCADA, PLC, and MES) and by geography (Americas, APAC, and EMEA). The key vendors in the market are ABB, Emerson Electric, Honeywell International, Schneider Electric, and Siemens.
Technavio’s market research analysts estimate the global automation solutions market in shale gas industry to grow at a CAGR of more than 1% between 2016 and 2020. Automation in the shale gas industry improves operational efficiency and vigilant monitoring, reduces downtimes, facilitates early repair, enhances safety, and minimizes the overall expenditure. The availability of unconventional forms of energy resources like shale gas, tight gas, and oil shale, among others is one of the key factors driving the growth of this market globally. The Americas monopolize the market, accounting for more than 86% of eth overall market share. The high availability and low price of shale gas have led to the increasing adoption of natural gas as a feedstock for power plants in the region.
The new market research report from Technavio provides a breakdown and analysis of the automation solutions segments by technology.
“Of late, the shale industry is witnessing increased usage of analytics in its operations, especially in its decision-making process. Most vendors in the automation solutions market are increasingly using analytics to enhance their business and boost value propositions. The use of analytical methods also promotes decision-making with the least margin of errors, helps foresee problems, and identify the cause of errors. Additionally, analytics can be used to identify the need for maintenance and servicing, thus improving the overall efficacy of various operations and aiding in the growth of the automation solutions market until the end of 2020,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research
Currently, the distributed controller system (DCS) dominates the global automation solutions market in the shale gas industry and accounted for more than 47% of the market share. A DCS is an automated control system distributed across the entire organization instead of being centralized. This distribution ensures that each component of a manufacturing plant is controlled by one or more controllers, providing instructions to individual components of the manufacturing unit. Therefore, the DCS solutions allow effective and efficient management of the entire manufacturing unit by controlling and coordination each sector individually. Factors such as growing demand for natural gas, particularly from the US, and advancements in technology will impel the growth of the DCS segment until the end of 2020.
The key vendors in the global automation solutions market in shale gas industry are ABB, Emerson Electric, Honeywell International, Schneider Electric, and Siemens. This market is quite consolidated with the presence of large international vendors such as ABB and Emerson. The vendor competition is intense and they compete in terms of product features, price, customized solutions, and services offered. With increased competition, the market consolidation is increasing, and small entities are being acquired by or merged with major players.
A more detailed analysis is available in the Technavio report, Global Automation Solutions Market in the Shale Gas Industry 2016-2020
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