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Dublin, July 21, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/wjq6dh/automation_and) has announced the addition of the "Automation and Instrumentation Market in Europe in the Oil and Gas Industry 2015-2019" report to their offering.
The Automation and Instrumentation market in Europe for the Oil and Gas industry to grow at a CAGR of 5.63% over the period 2014-2019.
The Automation and Instrumentation market in Europe for the Oil and Gas industry can be segmented into two major segments: Industrial Automation consisting of DCS, PLC, SCADA, and Others; and Automation Instrumentation consisting of Control Valves, Flow Meters, and Transmitters.
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According to the report, the growing energy need worldwide because of rapid urbanization has led to increased exploration activities. These growing activities have resulted in increased implementation of automation and instrumentation systems in the oil and gas industry in Europe.
Further, the report states that volatile oil and gas prices because of oversupply concerns are affecting market growth.
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For more information visit http://www.researchandmarkets.com/research/wjq6dh/automation_and
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