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
– Artificial intelligence
– Cyber Security
Robotics Centers of Excellence (CoEs)
Open Process Automation (OPA)
Lightweight design with less work
– Customizable bots
Soft and self-healing robots
The future of work
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)
– Aramco Saudi Arabia
– total energy
– 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).
– Northrop Grumman
– Rockwell Automation
– Siasun Robot & Automation
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Highlights of the Robotics Value Chain Sector
The key value chain sectors include:-
Precision mechanical parts
– automatic intelligence
bots as a service
Find out more details about each component of the value chain when you order a PDF form at: https://www.globaldata.com/store/talk-to-us/?report=3067131
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