Wednesday, October 19, 2005

Oil & Gas Industry to Spend $200M on Wireless Sensor Networks

According to a recent report by ON World, Wireless Sensor Networks will be the only feasbile sensing solution for the Oil & Gas Industry, which is projected to spend $200 million on the technology over the next three years. WSN technology is ideal for this industry because of the numerous remote and hazardous locations.

Some specific highlights of ON Worlds report are:
  • One quarter of all industrial wireless sensors deployed this year will be for oil and gas applications
  • Refineries will be the largest and first segment to take off
  • Most research and development is focused on wireless condition based monitoring (CBM) for preventive maintenance
  • Oil and gas companies also named geofencing - that prevents unwanted third party contact with pipelines - as an application they would like to adopt
ON World projects that 41 million industrial wireless sensor endpoints will be deployed in 2010, for a market worth $5.3 billion at that time.

Full Article...

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