Industrial Automation Market for Oil & Gas Market to Witness Growth Acceleration during 2018-2025
This report focuses on the Industrial Automation Market for Oil & Gas in Global market, especially in United States, China, South Korea, United Kingdom, Southeast Asia and India. This report categorizes the market based on manufacturers, countries, type.
(EMAILWIRE.COM, September 18, 2018 ) According to Verified Market Intelligence, the Global Industrial Automation Market for Oil & Gas Market is projected to reach 14.71 billion by 2025 from an estimated value of 12.22 billion in 2017, growing at a CAGR of 2.4% from 2018 to 2025.
With rapid industrialization and modernization in the process plants, the adoption of big data analytics and internet of things is growing as a part of Industry 4.0. This has boosted the industrial automation, especially in the oil & gas sector. The industrial automation has benefitted the oil & gas industry in several ways such as condition monitoring, tracking data using real-time monitoring and predictive analytics. The presence of multiple pipelines and ducts in the oil & gas refineries has made it important to implement automation in the industries.
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Increased usage of the internet of things (IoT) in Industrial Automation Market for Oil & Gas market and optimum and effective exploration of aging reservoirs are the two main factors driving the global Industrial Automation Market for Oil & Gas market. Other than this, declining oil & gas prices could hamper the overall growth rate of the market at a global level.
The “Global Industrial Automation Market for Oil & Gas Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as ABB Ltd., Emerson Electric Co., Honeywell International Inc., Schneider Electric SE, Siemens AG, Endress+Hauser AG, General Electric Co. and Mitsubishi Electric Corp. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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About Us:
Verified Market Research Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more expert concerns.
Contact Information:
Verified Market Research
Contact Person: Ankush
Tel: +1650781 4080
Email us: sales@verifiedmarketresearch.com
With rapid industrialization and modernization in the process plants, the adoption of big data analytics and internet of things is growing as a part of Industry 4.0. This has boosted the industrial automation, especially in the oil & gas sector. The industrial automation has benefitted the oil & gas industry in several ways such as condition monitoring, tracking data using real-time monitoring and predictive analytics. The presence of multiple pipelines and ducts in the oil & gas refineries has made it important to implement automation in the industries.
Download Free Sample Copy @ https://bit.ly/2CYI7OX
Increased usage of the internet of things (IoT) in Industrial Automation Market for Oil & Gas market and optimum and effective exploration of aging reservoirs are the two main factors driving the global Industrial Automation Market for Oil & Gas market. Other than this, declining oil & gas prices could hamper the overall growth rate of the market at a global level.
The “Global Industrial Automation Market for Oil & Gas Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as ABB Ltd., Emerson Electric Co., Honeywell International Inc., Schneider Electric SE, Siemens AG, Endress+Hauser AG, General Electric Co. and Mitsubishi Electric Corp. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
Ask For Discount @ https://bit.ly/2xl1Ylr
About Us:
Verified Market Research Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more expert concerns.
Contact Information:
Verified Market Research
Contact Person: Ankush
Tel: +1650781 4080
Email us: sales@verifiedmarketresearch.com
Contact Information:
Verified Market Research
Amaan Kazi
Tel: +1 (650) 781 4080
Email us
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Verified Market Research
Amaan Kazi
Tel: +1 (650) 781 4080
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results