Global Terminal Automation Market: In-Depth Market Research Report By 2025, Business Development Trends and top players like Honeywell, Schneider Electric, Emerson, ABB, TechnipFMC, Yokogawa Electric Corporation, Moffatt & Nichol, PETRONAS Carigali
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.
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Well known players of Global Terminal Automation Market are Honeywell, Schneider Electric, Emerson, Varec, Inc (a Leidos company), ABB, TechnipFMC, Yokogawa Electric Corporation, Chemtrols Industries Limited, Moffatt & Nichol, PETRONAS Carigali Sdn Bhd, PETRONAS and others
The Global Terminal Automation Market is segmented on the basis of offering into
• 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,
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,
• 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
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 effective investments.
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
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