View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Comment
February 16, 2022updated 25 Feb 2022 6:54am

Digitalisation to shape predictive maintenance in the oil and gas industry

According to GlobalData's report, predictive maintenance strategies in the oil and gas industry have been boosted by the growth of digitalisation and innovative technologies.

By GlobalData Energy

GlobalData’s latest thematic report, ‘Predictive Maintenance in Oil & Gas,’ provides an overview of the evolution of predictive maintenance as a theme within the industry. It also provides a detailed analysis of the predictive maintenance value chain, its role within the oil and gas value chain and the corresponding participation of leading players in this ecosystem.

Free Report
img

Determine the future strategies for IoT in Oil & Gas

he declining cost of IoT hardware makes digitalization an attractive option for energy companies. The oil and gas industry is becoming a more enthusiastic adopter of digital technology as it struggles to cope with several significant trends. These include fluctuating oil prices, expanding sources of supply, and increasing regulatory requirements.  GlobalData’s IoT in Oil & Gas Thematic Research report provides you with an in-depth lens into the impact of IoT on the industry. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. Our report also covers: 
  • Major players and companies 
  • Market size and growth forecasts 
  • Case studies  
  • Sector scorecard 
According to GlobalData forecasts, global Internet of Things (IoT) revenue in the energy sector will reach $59 billion by 2025, up from $34 billion in 2019. IoT use cases in the sector show how instrumental digitalization is to the O&G sector.   Ensure your company is proactive in adapting strategies and processes to help you remain competitive. Download the full report to get ahead of the competition.  
by GlobalData
Enter your details here to receive your free Report.

Predictive maintenance is an important part of asset management strategies that are employed in every industry to maximise the operational life of equipment and infrastructure. It uses an innovative data-driven approach to assess the state of the field equipment or infrastructure and provides a detailed picture of its expected operating life. This enables decision-makers to schedule maintenance activities without affecting normal functioning. These insights can also be utilised to determine whether any machinery or infrastructure requires a substantial overhaul.

Effective predictive maintenance strategies for equipment rely on regular data gathering. This data is used to determine the state of disrepair, which is then used to assess the appropriate corrective measures required.

The emergence and rapid growth of innovative technologies such as the Internet of Things (IoT), artificial intelligence (AI), augmented and virtual reality (AR/VR), big data, Cloud computing and others have recently shaped the maintenance strategies in the oil and gas industry.

Maintenance strategies have evolved from a reactive to a preventive approach to ensure continuous operations along the oil and gas supply chain. The economic urgencies and technological support available at that time have shaped these strategies and will continue to do so in the future.

Related Companies

Free Report
img

Determine the future strategies for IoT in Oil & Gas

he declining cost of IoT hardware makes digitalization an attractive option for energy companies. The oil and gas industry is becoming a more enthusiastic adopter of digital technology as it struggles to cope with several significant trends. These include fluctuating oil prices, expanding sources of supply, and increasing regulatory requirements.  GlobalData’s IoT in Oil & Gas Thematic Research report provides you with an in-depth lens into the impact of IoT on the industry. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. Our report also covers: 
  • Major players and companies 
  • Market size and growth forecasts 
  • Case studies  
  • Sector scorecard 
According to GlobalData forecasts, global Internet of Things (IoT) revenue in the energy sector will reach $59 billion by 2025, up from $34 billion in 2019. IoT use cases in the sector show how instrumental digitalization is to the O&G sector.   Ensure your company is proactive in adapting strategies and processes to help you remain competitive. Download the full report to get ahead of the competition.  
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology