LONDON–(BUSINESS WIRE)–According to the latest research study released by Technavio, the global automation solutions market in the shale gas industry is expected to reach over USD 683 million in revenue by 2020.
This research report titled ‘Global Automation Solutions Market in the Shale Gas Industry 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments, including DCS, SCADA, PLC, and MES.
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“Exploration and production are key activities in the shale gas industry that demand continuous maintenance and well integrity to ensure safety of employees, oil and gas equipment, and the natural environment. For instance, automation solutions, such as SCADA systems, enable the shale gas industry to share real-time information about well site conditions with the decision-makers. The data collected from PLC by SCADA allows companies to simultaneously monitor, visualize, and analyze oilfield operations,” said Bharath Kanniappan, one of Technavio’s lead analysts for automation research.
“These technologies help oil and gas companies to reduce costs and enhance the quality of drilling, sampling, logging, cementing, interventions, fracturing, completions, production, and field development planning,” added Bharath.
Global automation solutions market in shale gas industry: segmentation by types of automation solutions 2015
Source: Technavio research
Global DCS solutions market in shale gas industry: largest segment
The global distributed controller system (DCS) solutions market in the shale gas industry was valued at USD 307.2 million in 2015. DCS solution in the shale gas industry consists of hardware, software, and services (including regular maintenance and support, replacement, and upgrades).
A DCS is an automated control system that is distributed across organizations instead of being centralized. This distribution ensures that each component or sub-system of a manufacturing plant is controlled by one or more controllers to provide instructions to individual components of a plant. In North America, advances in production technologies, such as hydraulic fracturing/fracking and horizontal drilling, have increased shale gas production considerably. DCS solutions enhance productivity and delivery quality of products by improving overall efficiency and streamlining upstream, midstream, and downstream operations.
Global SCADA solutions market in shale gas industry
The global supervisory control and data acquisition (SCADA) solutions market in the shale gas industry was valued at USD 196.4 million in 2015. SCADA solution in the shale gas industry consists software and services (regular maintenance and support, and upgrades).
SCADA is an important part of the shale gas industry, and is used to control and monitor upstream, midstream, and downstream operations. It gets inputs from multiple systems and gains access from one centralized system and then controls them from a remote location. It collects data from various processes, and transmits the same in real time to the decision-maker located in a remote location.
Global PLC solutions market in shale gas industry
The global programmable logic controller (PLC) solutions market in the shale gas industry was valued at USD 107.3 million in 2015. PLC solution in the shale gas industry consists of hardware, software, and services (regular maintenance and support, replacement, and upgrades).
A PLC is an automated control product that regulates and monitors various automation and mechanical processes in industries by maintaining connections with field devices, such as sensors, actuators, and transmitters. The demand for PLC solutions in the shale gas industry is driven by rising exploration and drilling of wells and production and transportation of shale gas.
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