Key vendors are offering automation solutions on cloud to increase their sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global automation solutions market in the oil and gas industry in their latest research report. This report also lists 11 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of hardware and software licenses, renewal of software licenses, upgrades of existing solutions, and maintenance and services.
- MES: Cloud-based deployments of MES can be accessed through any device, through a browser, and can be licensed through monthly or annual subscriptions.
- SCADA: These systems monitor and control remote units by integrating outstations with the control system of the entire plant.
This Technavio report, under automation vertical, is based on the synthesis, analysis, and interpretation of information about the global automation solutions market in the oil and gas industry collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The competition in the market is very intense due to rapid changes in technology and turbulent scenario of the oil and gas industry. The players are distinguishing their product offers with unique selling proposition to survive and succeed in this intensely competitive environment. The companies are focusing on profitability by offering cost-effective services such as mobile and web services. The manufacturers are also offering value-added services such as consultancy, solution integration, support and maintenance, and staff training to address opportunities and risks to sustain the competition in the market and increase their revenues. The market competition is mainly driven by the established players. The continuous investment for innovations and development in technology will intensify the competition during the forecast period.
“The manufacturers are offering automated solutions in the cloud that help companies reduce costs, achieve greater flexibility, and enhance functionality. The cloud service provider maintains data from the oil and gas service companies that enables users to view data on devices such as tablets, smartphones, emails and text messages. The integration of cellular wireless networks and microchips effortlessly embedded in each upstream business process provide a new generation of portable hardware and software solutions,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
Top five vendors in the automation solutions market in the oil and gas industry space
ABB
The company provides power and automation technologies for industry, utility, transport, and infrastructure customers worldwide. The company provides control and protection systems for power generation, transmission and distribution, SCADA systems, and software and other automation solutions for end-user industries.
Key products: AC500, AC500-eCo, AC500-S, and AC500-XC series of scalable, programmable logic controllers (PLCs), System 800xA DCS, PAS X MES solutions, Symphony Plus distributed control system (DCS), and Network manager supervisory control and data acquisition (SCADA).
Emerson Electric
The company provides systems and software, measurement and analytical instrumentation, valves, actuators, and regulators. It also provides reliability consulting, including digital plant architecture that allows communication of devices with the centralized system for industries such as petroleum, chemicals, food and beverages, pulp and paper, pharmaceuticals, and municipal water supplies.
Key products: Open Enterprise v3 SCADA systems and Ovation DCS.
Honeywell
Honeywell offers following automation solutions for the oil and gas industry. Its solutions integrate with compressor and pump stations, simulation and lead detecting applications. It also integrates fire and gas, emergency shutdown, and burner management systems that are installed at various locations in the pipeline.
Key products: Experion SCADA, PlantCruise DCS, and MasterLogic range of PLCs.
Rockwell Automation
The company is focused on the automation and controls industry with its strong product brands such as Allen-Bradley and Rockwell Software. It offers modular system architecture and information-enabled networking systems that reduces the tasks associated with engineering, maintenance, inventory, expansions, and operations.
Key products: AutoSuite, CPGSuite, and FactoryTalk ProductionCenter MES and PlantPax DCS.
Schneider Electric
Schneider Electric has expertise in automation management, electricity distribution, and manufacturing installation components for energy management for various industries. The products and services offered by them help in managing remote assets spread across geographically dispersed infrastructure.
Key products: MODICON M340, MODICON QUANTUM, MODICON M580 – EPAC controller, PlantStruxure PES solutions, and Wonderware.
Other prominent vendors in this market include Beckhoff, FANUC, GE, Hitachi, IDEC, Koyo Electronics, Mitsubishi Electric, Omron, Parsec Automation, and Yokogawa.
A more detailed analysis is available in the Technavio report, Global Automation Solutions Market in the Oil and Gas Industry 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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