Oil and Gas Robotics Market: By Product & Component – With Forecast (2016-2021) – Research and Markets

December 21, 2016

December 21, 2016 - 3:59 PM EST

Oil and Gas Robotics Market: By Product & Component - With Forecast (2016-2021) - Research and Markets

Research and Markets has announced the addition of the "Oil
and gas robotics Market - With Forecast (2016-2021)" report to
their offering.

The oil and gas industry is the most essential industry which almost
every business and industry relies on. Power generation is extremely
important for an industry to function in which case the oil and gas
industry forms the fundamental basis of the entire market. There are
other green sources of energy such as wind ad tidal, however the power
contribution from them as on date is nowhere close to what the oil and
gas industry can provide. Further to this, the by-products, which are
produced from the processing oil and gas, are also used for a number of
other industries.

With the high importance of this industry, there is also a great risk
associated with the industry. The processing, which takes place in this
industry, takes place under extreme pressure and temperature. Further to
this, during the drilling an exploration of oil and gas, the environment
itself can be very unstable depending on the location.

With so much uncertainty, it has been necessary to limit the exposure of
man power at these various sites unless absolutely required. In such a
situation, there is need for technology to improve the safety of the
individuals who are working at these sites. Robots have played an
important role in improving safety at the oil and gas sites whilst also
ensuring that the facilities operate efficiently with as less down time
as possible in case of any problem, which may occur.

Companies Mentioned: