Total oil supply in the world was 90.2 MB/D in 2013. The total growth from 2012 was 0.7 MB/D. The Middle East & Africa region is the largest oil & gas supplier in the world, making up for more than 50% of oil supplied to the rest of the world. This year on year increase of oil sector demand and supply requires a lot of regulation and control. The process requires a lot of advanced devices to maintain consistency in supply. The phenomenon of automation is applied to help the oil and gas sector in Middle East & Africa to ensure that the rigs, refineries and other plants remain safe, and produce at a steady pace to meet the growing demand.
Increased demand for fuel is pushing the global market for automation. New oil and gas wells are being discovered continuously while old and underutilized ones are being rejuvenated with the help of automation and control technologies. Oil and gas automation market has huge growth opportunity in emerging economies where exploration has just begun. These technologies help the companies to realize cost benefits, increase productivity and improve their safety standards. These technologies are also helping the enterprises to carry out the oilfield operations, production and processing and distribution and retailing of the petroleum products efficiently and with reduced errors.
There are various products like Distributed Control Systems, Programmable Logic Controllers, Human Machine Interface and Supervisory Control and Data Acquisition which help oil corporations to realize the benefits achieved through automation. Some of the major players in this market are ABB, Siemens, GE, Metso and Schneider Electric. Some other players like Fuji electric, Maverick Technologies, Climation, and National Instruments along with some others have also been covered in this report.
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