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Automation and Control Solutions to Benefit from Increased Investments in Russian Oil and Gas Industry Says Frost & Sullivan - Cost, safety and performance benefits to underline the rising appeal of ACS - IndustrialAutomation.Frost.com
Automation and Control Solutions to Benefit from Increased Investments in Russian Oil and Gas Industry Says Frost & Sullivan

 

PRZOOM - /newswire/ - London, United Kingdom, 2013/04/17 - Cost, safety and performance benefits to underline the rising appeal of ACS - IndustrialAutomation.Frost.com.

   
 
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Increased investments, government regulations and the exploration of new oil and gas deposits will favour the development of the automation and control solutions (ACS) market in Russia over 2013-2016. However, the market faces major challenges in the form of Russia’s unstable economic and political landscape and end-user perceptions of ACS being non-critical in the manufacturing process.

New analysis from Frost & Sullivan (industrialautomation.frost.com), Strategic Analysis of Automation and Control Solutions in the Russian Oil and Gas Industry, finds that the market earned revenues of $1,107.9 million in 2011 and estimates this to reach $1,822.0 million in 2016. The research covers six major segments: programmable logic controller (PLC), distributed control system (DCS), safety instrumented systems (SIS), supervisory control and data acquisition (SCADA), industrial asset management (IAM), and manufacturing execution system (MES).

As demand for oil and gas soars, oil and gas companies have started implementing ACS to make the industrial process more effective and save on production costs.

"ACS systems can be used to improve efficiency, decrease operating costs and boost the productivity of oil and gas manufacturing processes over the long-term," explained Frost & Sullivan Industrial Automation & Process Control Research Analyst Maryna Osipova. "Besides ensuring performance optimisation and technological control and planning, ACS also promotes safe operations this will be in line with stricter government regulations related to safety in oil and gas manufacturing processes."

As a result of such trends, oil and gas customers have started to recognise ACS as a strategic investment. At the same time, one of the major restraints to market expansion has been the end-user perception of these solutions being non-critical in the manufacturing process.

"End users try to save on ACS investments in the short-term without factoring in their long-term benefits," remarked Osipova. "Increased market penetration will depend on end users recognising the importance of ACS as vital management and optimisation tools in oil and gas manufacturing processes."

On their part, vendors need to undertake marketing activities to generate greater awareness about newer technological offerings and their benefits. Oil and gas companies need to be educated about the basic features of ACS and the advantages and opportunities that it can offer.

If you are interested in more information on this study, please send an email with your contact details to Julia Nikishkina, Corporate Communications, at julia.nikishkina[.]frost.com.

Strategic Analysis of Automation and Control Solutions in the Russian Oil and Gas Industry is part of the Industrial Automation & Process Control Growth Partnership Services programme, which also includes research in the following markets: Automation and Control Solutions Market in the European Oil & Gas Industry, Automation and Control Solutions Market in Eastern Europe, Industrial Security Solutions Market in Europe and Wireless Devices in European Industrial Automation Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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Strategic Analysis of Automation and Control Solutions in the Russian Oil and Gas Industry / M8B7-10

 
 
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Automation and Control Solutions to Benefit from Increased Investments in Russian Oil and Gas Industry Says Frost & Sullivan

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