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Terminal Management System Market | Major players ABB Ltd., Honeywell International, Inc, Siemens AG.
MarketsandMarkets? INC.
Browse 71 market data tables and 51 figures spread through 156 pages and in-depth TOC on "Terminal Management System Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/terminal-management-system-market-107086019.html
The implementation of terminal management solution in brownfield terminals reduces operational costs, and the integrated safety and security solutions enhance the level of automation at a terminal.
This study also answers several questions, such as which market segments to focus on in the next 2–5 years for prioritizing efforts and investments, for stakeholders. The terminal management system market comprises software solution providers, turnkey contractors, service providers, system integrators, and end users.
Software Solution Providers:
Honeywell International Inc. (US), Emerson Electric Co. (US), Varec Inc. (US), Toptech Systems (US), Dearman Systems, Inc. (US), Rockwell Automation, Inc. (US), Triple Point Technology (US), Dearman Systems, Inc. (US), Pumping Sol (US), Wipro Limited (India)
Turnkey Contractors:
ABB Ltd. (Switzerland), Siemens AG (Germany), Implico Group (US), Yokogawa Electric Corporation (Japan), Schneider Electric (France), General Atomics Corp. (California)
Services:
AC2, Inc. (US), Koninklijke Vopak N.V. (Netherlands), Agidens International NV (Belgium), Endress+Hauser Management AG (Switzerland), i.Dohmann GmbH (Germany), Motorola Solutions, Inc. (US), Synel (Israel), Tema Business Systems (India), Toptech Systems, Inc. (US)
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Brownfield terminals expected to grow at a high rate during the forecast period
Traditional terminal infrastructure such as pipeline connections, tanker berths, and other components is already present, and therefore the automation of such existing terminals by integrating software will help increase the number of brownfield projects.
The key reason attributed to the growth of services in the terminal management system market is the growing awareness for installing automation solutions and the need for providing services, such as training and maintenance, to improve the operational efficiency of terminals and make them more efficient.
For instance, in July 2013, ABB Ltd. (Switzerland) received a contract from Amec Foster Wheeler plc (UK) to automate the bulk inventory operations management of the chemicals complex in Saudi Arabia. As per the contract, ABB Ltd. deployed its T-MAC Plus system to optimize operations, as well as increase energy efficiency, safety, and control with a scalable solution.
Terminal management system market in APAC likely to grow at a high CAGR during the forecast period
Key factors contributing to the growth of terminal management system market in APAC is the increase in the number of terminal automation projects in countries such as India, Malaysia, and the Philippines. For instance, in June 2015, Yokogawa Electric Corporation (Japan) received a contract worth approximately USD 11 million from Bharat Petroleum Corporation Limited (India) to automate its truck-loading terminals. According to the contract, Yokogawa Electric Corporation provided its terminal logistics suite, a terminal automation system (TAS), to truck loading terminals of Bharat Petroleum Corporation Limited in India.
Major players operating in the terminal management system market include ABB Ltd. (Switzerland), Honeywell International, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric (France), Emerson Electric Corporation (US), Endress + Hauser AG (Switzerland), General Atomics Corp. (California) and Implico GmbH (Germany).
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