Robots in the Oil and Gas Industry Gain Traction to Improve Operational Efficiency and Safety - GlobalData Plc

Robots in the Oil and Gas Industry Gain Traction to Improve Operational Efficiency and Safety – GlobalData Plc

This press release was originally distributed by SBWire

London, United Kingdom – (SBWIRE) – 10/20/2022 – GlobalData’s latest edition, Robotics in Oil and Gas (2021) – Thematic Research expects robotics to become an essential part of the bustling oil and gas industry. Robots play a diverse role in the oil and gas industry with a wide range of products for a growing list of jobs. Furthermore, the oil and gas industry actively collaborates with vendors of robotics hardware and software technology to expand the deployment of autonomous robots at their facilities.

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According to the statistics of GlobalData Plc, the robotics industry was valued at US$45.3 billion in 2020. The industry is expected to gain accelerated growth momentum with a compound annual growth rate of more than 28% during the period 2021-2030. The growth of robotics in the oil and gas industry can be attributed to the increasing proliferation of robots to supervise inspection of hazardous and hard-to-reach sites, and to perform complex tasks such as drilling, oil tank cleaning and other applications.

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Robots in the oil and gas industry trends

This report covers the main trends shaping the subject of robotics over the next 12 to 24 months.

Oil and Gas Trends
The emergence of autonomous robots
– Scope of service bot as a service (RaaS)
– Collaboration with technology vendors
Adoption of digital technology
Addressing health and safety concerns in robotics

technology trends
– Artificial intelligence
Edge computing
– Cyber ​​Security
Industrial Internet
Cloud bots
Robotics Centers of Excellence (CoEs)
Open Process Automation (OPA)
Lightweight design with less work
– Customizable bots
Soft and self-healing robots

Macroeconomic trends
– China
– Japan
– Europe
The future of work
Industry diversification

Regulatory trends
– Drones
China’s regulatory landscape
– professional ethics

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GlobalData highlights leaders in the oil and gas sector as well as technology companies that are making their mark on the subject of robotics.

Oil and gas companies

Baker Hughes: The company provides robotic services to the oil and gas industry through its subsidiary Waygate Technologies. Provides bot-based inspection and monitoring services for accessing inaccessible and dangerous locations.
BP: The company uses robotics to improve monitoring and logistics across all sectors of its oil and gas operations. BP has claimed to be testing terrain robots, drones and marine robots in its operations.
Chevron: Chevron has used robots to inspect assets in confined spaces and other hazardous environments. The company has also used automation in oil well drilling mapping systems, which has contributed to increasing returns on investments in the exploration and production sector.
– China Petrochemical Corporation (Sinopec)
– Equinor
– ExxonMobil
– oceanography
– Repsol
– coincidence
– Aramco Saudi Arabia
– total energy

technology companies

– Cognex: Cognex is one of the major players in the rapidly growing machine vision market. Its products are used in automated manufacturing, warehousing and robotics to inspect and identify parts, detect defects, and verify product assembly. They range from handheld scanners, laser profiling tools, and smart 3D cameras to image analysis software.
Cyberdyne: Cyberdyne is a leading Japanese exoskeleton manufacturer. The company has also developed lower back waist supports for workers required to regularly lift heavy goods.
Estun Automation: The company specializes in metal bonding and electro-hydraulic robots, and like some other Chinese robotics companies, specializes in robots supplied by the four largest industrial robotics companies (ABB, FANUC, KUKA and Yaskawa).
– Funk
– HollySys
– Honda
Intuitive surgery
– iRobot
– Keynes
– Media
– Nepetsco
– Northrop Grumman
– Omron
– Rockwell Automation
– Siasun Robot & Automation
– Striker
– Tiradine
– Toyota

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Highlights of the Robotics Value Chain Sector

The key value chain sectors include:-

Hardware components
Precision mechanical parts
– Semiconductors

Software components
– automatic intelligence

robot manufacturing
Industrial robots
Service bots

bots as a service
Cloud bots

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About GlobalData
GlobalData is a leading provider of data, analytics, and insights into the world’s largest industries. As a leading information services company, thousands of customers depend on GlobalData for timely, reliable and actionable information. Our mission is to help our client professionals within businesses, financial institutions, professional services, and government agencies to decode the future and benefit from faster and more informed decisions. Continuously enriching over 50 terabytes of unique data and leveraging the collective expertise of over 2,000 in-house industry analysts, data scientists and journalists, as well as a global community of industry professionals, we aim to provide decision makers with timely, actionable insights.

Media contact
Mark Jeffcott
Head of Public Relations for Europe, Middle East and Africa
[email protected]
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