The report " Global Terminal Automation Market 2016-2020 ", has been prepared based on an in-depth market analysis with inputs from industry experts.
Albany, NY -- (SBWIRE) -- 02/15/2016 -- About Terminal Automation
A bulk loading terminal or large depot stores products from industries, such as oil and gas, and chemicals and petrochemicals, which are received through cross-country pipelines, railways, ships, and trucks and stored in tank farms. These products are distributed through trucks, railways, barges, ships, and pipelines.
A supervisory and regulatory software system enables the automation of specific manual processes in an organization's terminal. TAS represents the amalgamation of terminal management system (TMS), terminal automation control (TAC), communications management system, motor control management, terminal loading system, and process and safety control. We note that terminal automation enhances productivity and alerts end-users through the use of real-time data. It also enables real-time and accurate data collection, reduces losses, prevents accidents, improves safety and security, protects the natural environment, expedites building processes, and enables centralized control.
Technavios analysts forecast the global terminal automation market to grow at a CAGR of 6.26% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global terminal automation market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales and services of the following products:
Pumps, meters, and valves
PLCs and RTUs
Technavio's report, Global Terminal Automation Market 2016-2020, 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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Other prominent vendors
Market driver : Widened scope of brownfield terminal projects
Market challenge : High customer switching costs
Market trend : Limited distinction between DCS and PLC
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