Research Beam adds a report titled “Automation and Instrumentation Market in Europe in Oil and Gas Industry 2015-2019”. The report indicates that the automation and instrumentation market would register a CAGR of 5.63 percent from 2015 to 2019. Recent developments in cloud based SCADA and various other automation services have persuaded key market vendors to serve oil and gas segment as well. The comprehensive research reveals that cloud –based automation has played an eminent role in the exchange of real –time data, doing away with location constraints and time.
The extensive report covers some important market drivers such as growing exploration in automation, instrumentation activities and upgrading of existing applications. Market watchers in the report also covers the government regulations in the automation and instrumentation segment. The report discusses about the recent developments in cloud-based automation system which is the key trend of the market. The report helps the end-users to garner insights into the fading line of distinction between SCADA, DCS and PLC.
Industry experts further discuss that there has been a significant rise in the number of smart gas and oil fields. Experts also add that enterprises are investing heavily on R & D when it comes to automation and instrumentation segment. This data source also focuses on key market players such as Emerson Electric Co, Rockwell Automation Inc.,Yokogawa Electric Corp, among several other. The report also reveals how certain factors such as vendor landscape, business segmentation, demographic segmentation and many more are shaping the automation and the instrumentation market in coming three to four years.