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Energy Efficiency and Technology Trends in Automation and Compression Control Markets
Frost & Sullivan, Feb 2011, Pages: 58
This Frost & Sullivan research service titled Energy Efficiency and Technology Trends in Automation and Compression Control Markets provides an in-depth analysis of the industry trends, and directions in addition to the new technologies that market participants can leverage. In this research, Frost & Sullivan's expert analysts thoroughly examine the chemicals, oil and gas (upstream and downstream) and power market, covering aspects such as human-centered design, virtualization and cloud computing, subsea production, LNG liquefaction, and terminal automation and pipeline management.
This research service provides an analysis of the energy efficiency and technology trends that are expected to impact the automation and compression control markets. The research provides a detailed perspective on the expected maturity levels in technology and service from a short-term scenario standpoint (2008-2011). There is also a comparative analysis of the opportunities across emerging and developed regions. Furthermore, the long-term scenarios on what are the next potential opportunities available to compressor and automation solution providers are also captured.
Market Overview:
Awareness of Key Trends in Automation and Compression Control Markets is Essential to Maintain Sustained Profitability
The automation and compression control markets is dynamically shaping up with the onset of new technologies and impact of energy efficiency regulations. Maintaining sustained profitability in a highly competitive and challenging economic scenario requires an in-depth understanding of key trends that are potentially expected to impact the automation and compression control markets. The emergence of new technologies and regulations is changing the way industries would do business. Participants in this space must improve the degree of competitiveness by staying up-to-date with the latest technologies. While new technology implementation may be expensive from an initial investment perspective, the long-term potential of optimizing manufacturing cost may drive the gravitation toward these new technologies. Investments for process improvements in the present day economic scenario drive growth of these new technologies. “Efficiency mandates are expected to drive retrofit opportunities for compressors and associated assets,” notes the analyst of this research service. “As the impact of technology adoption and regulations have had different impacts across geographic regions, it is imperative for participants to understand the medium and short term opportunities within these markets.”
Though the prospects for the market look upbeat, there are some challenges reining in market progression. Lack of awareness of emerging technologies and their potential benefits and profitability hinder uptake. End users are apprehensive about moving away from traditional legacy systems to new technologies as they may be confronted with productivity loss, system downtime, and loss of business opportunities. These are some of the factors preventing end users from making this transition.
“Although the impact of imposed regulations might trigger implementation of new technologies, the real value to the end user is realized when the organization's goals has a precise alignment with its vision,” says the analyst. “Technologies that meet the value-equation (cost, ROI, benefits, etc.) of end users will receive maximum patronage from them.” New technologies have witnessed steady penetration not just in the developed markets but also in the emerging markets. Emerging markets are the upcoming hotbeds for innovation and improved process excellence.
Market Sectors:
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Oil and gas (upstream and downstream)
- Chemicals
- Power
Technologies:
The following technologies are covered in this research:
- Human-centered design
- Virtualization and cloud computing
- Subsea production
- LNG liquefaction
- Terminal automation and pipeline management
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