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Global terminal automation market set to grow at a CAGR of 6.23%

Industrial Market Research

The Global Terminal Automation Market accounted for USD 4.62 billion in 2016 growing at a CAGR of 6.23% during the forecast period of 2017 to 2024.

According to a new report published by Data Bridge Market Research Titled, Global Terminal Automation Market –Industry Trends and Forecast to 2024. 

The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Also Global Terminal Automation Market By Geography; Offerings (Hardware, Software & Services); Project Type (Brownfield Projects, Greenfield Projects); Vertical (Oil & Gas {Upstream, Midstream, Downstream}); Chemical {Petrochemical}) – Industry Trends and Forecast to 2024

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Market Definition: Global Terminal Automation Market

Terminal automation systems find applications primarily in trucks /wagon fuel loading.

Fuels include motor spirit (MS), diesel, aviation turbine fuel (ATF), naphtha, superior kerosene oil (SKO), furnace oil, (diesel high pour point) DHPP, liquefied petroleum gas (LPG), chemicals. It has its wide application in oil & gas, chemical, and others.

Growing demand for environmentally cleaner fuels may act as major driver in the growth of terminal automation market. On the other hand reduction in crude oil prices may hamper the market.

Major Market Drivers & Restraints:

  • Adherence to Environmental and Safety Regulations
  • Growing Demand for Environmentally Cleaner Fuel Results in the Increased Adoption of Natural Gas
  • Increasing Investment for Upgrading Brownfield Terminal Infrastructure in North America
  • Low Capital Expenditure for Terminal Automation Projects
  • Reduction in Crude Oil Prices
  • Dependence on the Regulatory Authority for Approval

Market Segmentation: Global Terminal Automation Market

  • The Global Terminal Automation Market Make an Inquiry about this news is segmented on the basis of offering into hardware, software & services. The hardware segment is further segmented into Systems, Field Devices, and Tank Loading Area. The systems segment is further sub segmented into Control Systems, and Security Systems. The control system is further sub segmented into SCADA System, PLC, and DCS. The security segment is further sub segmented into Emergency Shutdown System, Gas Monitoring System, Fire Protection System, Valve Control System, Leak Detection System, and Access Control System. The field devices segment is further sub segmented into Tank Gauging System, CCTV, and others. The Tank Gauging System segment is further sub segmented into Transmitters. The transmitters segment is further sub segmented into Pressure, Flow, Level, and Temperature. The tank loading area is further sub segmented into Trucks, Pipelines, and Others.
  • On the basis of project type, the global terminal automation market is segmented into Brownfield Projects, and Greenfield Projects.
  • On the basis of vertical, the global terminal automation market is segmented into oil & gas, chemical and others. The oil & gas segment is further sub segmented into Upstream, Midstream, and Downstream. The chemical segment is further sub segmented into petrochemical, and others.
  • On the basis of geography, the global terminal automation market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Company Share Analysis: Global Terminal Automation Market

The report for global terminal automation market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.

The report also measures technology life line curve and market time line to analyze and do more affective investments. 

Major Market Competitors: Global Terminal Automation Market

Some of the major players of the global terminal automation market

  • Honeywell International Inc.,
  • Schneider Electric,
  • Emerson Electric Co.,
  • Varec Inc.,
  • ABB Ltd.,
  • Siemens AG,
  • TechnipFMC plc,
  • Yokogawa Electric Corporation,
  • Chemtrols Industries Pvt. Ltd,
  • Moffatt & Nichol, Inc.,
  • PETRONAS Carigali Sdn Bhd,

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