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New report: Global terminal automation market estimated to grow at a CAGR of +6.23% from 2017 to 2024

New report: Global terminal automation market estimated to grow at a CAGR of +6.23% from 2017 to 2024

Growing Demand for Environmentally Cleaner Fuel Results in the Increased Adoption of Natural Gas are the Major Factors Behind the Growth of Global Terminal Automation Market

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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. 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.

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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.

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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

The global terminal automation market is segmented on the basis of offering, project type, vertical, and geography.

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The global terminal automation market 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.

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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.

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.

Some of the major players of the global terminal automation market are 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, and others.

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Research Methodology: Global Terminal Automation Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.

Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your inquiry.

Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales In Terms Of Hardware, Software, And Services Availed, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.

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