The oil & gas industry represents one of the most important and complex industrial segments in the market for analytical instrumentation. Numerous trends are driving the market, and this report from SDi provides vital information to help you sort through the many different factors affecting this industry.
During the last half of 2014, the price of oil fell roughly 50%, and it has not yet recovered. While this might suggest that oil companies are tightening their belts and demand for instrumentation may suffer, the truth is quite another story. In SDI’s survey of oil & gas scientists, more than half expected their instrumentation budgets to increase next year. More than half also expected to purchase laboratory or process instrumentation in the near term.
New methods and new sources of oil & gas are driving productivity and activity in the oil & gas industry. So-called unconventional oil sources are revolutionizing the industry. At the same time, different processing methods are required to handle these new sources, and facilities are being constructed on a worldwide basis, driving demand for instrumentation.
This report provides insight into these and other issues that are affecting the oil & gas industry, presenting information on the global scope of the industry, and fleshing out the current and future situation for upstream, midstream, and downstream activities. There is also a presentation on the entire global energy situation, showing how alternative energy and other sources (e.g. nuclear, coal, etc.) are changing the overall energy landscape.
In addition to background information to help make sense of this complicated industry, the report provides reliable market data on the size, growth, and character of specific analytical technologies, focusing specifically on oil & gas applications. The techniques covered in this report include many that are covered in SDI’s Global Assessment Report, as well as a number of specialized technologies unique to the oil & gas report. The report also presents information on the competitive situation, with evaluations of vendor share, vendor participation, and competitive positioning and strength in the oil & gas market.