Albany, NY -- (SBWIRE) -- 09/05/2017 -- Terminal automation is a system that eases the product handling at the terminal and enables integration of these operations with the business software. It is used to measure, control, automate, and report all the exchanges and transfers. It offers complete management from receipt of the product to inventory control to dispatch recording. Terminal automation systems are deployed in various applications in the oil and gas terminals. Oil terminals include truck and pipeline terminals, whereas gas terminals include liquefaction liquid natural gas (LNG) and regasification LNG terminals.
The global terminal automation market in the oil and gas industry to grow at a CAGR of 6.72% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global terminal automation market in the oil and gas industry for 2017-2021. To calculate the market size, the report considers new installations, value, and aftermarket services market.
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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's report, Global Terminal Automation Market in the Oil and Gas Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- ABB
- Emerson
- Implico Group
- Schneider Electric
- Yokogawa
Other prominent vendors
- Honeywell
- Larsen & Toubro
- Siemens
- Rockwell Automation
- TechnipFMC
- Varec
- Inter Terminals
Market driver
- Global expansion in oil terminals
- For a full, detailed list, view our report
Market challenge
- Huge capital investment and business downtime
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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