Global Automation Solutions in Oil and Gas Market Forecast to 2025: ABB Ltd., Emerson Electric Co., Endress+Hauser AG, Fanuc Corp. GE Electric
In the short term, midstream companies are minimally impacted due to low energy prices and a decline in the price of oil. Since contracts in the oil and gas industry are fee-based, most contracts are finalized at fixed rates and contain minimum volume commitments or guarantees of minimum ROI. The augmented implementation of automation solutions, such as SCADA and DCS, to overcome issues like the unstable flow of fluids in pipelines and risers in the midstream infrastructure will lead to...
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