Wednesday 6 May 2015, Amsterdam
The report recognizes the following companies as the key players in Terminal Automation Market in the Oil and Gas Industry in North America 2015-2019: Agfa-Gevaert, AMD Global Telemedicine, Honeywell HomMed and Philips Healthcare
Other Prominent Vendors in the market are: Aerotel Medical Systems, Alcatel Lucent, American Telecare, CardioComm, Cisco Systems, Cybernet Medical, IBM, LifeWatch, Bosch Healthcare, Viterion TeleHealthcare and Zydacron
The report said: “The shale gas revolution in the US has led to the increased production of natural gas such that supply has surpassed demand. This has brought down the price of natural gas in North America. The oil and gas producers in the region are looking to export this excess production to countries that are facing shortage of it and where prices of natural gas are comparatively high. However, to export the surplus natural gas to other countries they need midstream infrastructure, which includes pipelines and supporting systems used in the transportation of oil and gas.”
According to the report, in the US, the use of advanced extraction technologies such as hydraulic fracturing has boosted the production of oil and natural gas. This has resulted in the decrease in price of natural gas. As natural gas is used as feedstock in the petrochemicals industry, many companies see the reduced price of natural gas as an incentive to expand their petrochemical capacity. This, in turn, would help companies to increase their exports. In addition, the majority of the investments by oil and gas companies are expected to be made in upstream projects as a result of the increased demand from the GCC.
Further, the report states that the growing concerns over security inhibits market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.