Global Oil and Gas Terminal Automation 2019 Key Vendors –Yokogawa, Emerson, Honeywell, Rockwell.....
Wiseguyreports.Com Adds “Oil and Gas Terminal Automation – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2025” To Its Research Database.
The growth trajectory of the global Oil and Gas Terminal Automation market over the assessment period is shaped by several prevalent and emerging regional and global trends, a granular assessment of which is offered in the report. The study on analyzing the worldwide Oil and Gas Terminal Automation market dynamics takes a critical look at the business regulatory framework, technological advances in associated industries, and the strategic avenues.
Oil and gas plants, often referred to as oil and gas stores, tank farms, or tank stations, facilitate the storage of oil and gas and related products. Thus, these are intermediate nodes that store and facilitate the distribution of oil and gas to end-users. Oil and Gas Terminal Automation plants are integrated solutions that enable the control and control of the processing of different products, from the receipt of products to storage and distribution.
These systems include a set of integrated tools that provide real-time access to data, thus giving security and effective management of daily terminal operations.
The Japanese region is expected to see relatively faster growth, with a CAGR of 8.8% during the forecast. At the end of 2025, share in the total market value of nearly 32%. Relatively slow economic growth, especially in oil-consuming countries such as China, and surplus crude oil supply in the recent past, led to a decline in the average global crude oil prices during the same period to lower costs for the South. Thus, the initial phase of the contango prediction period is expected to be characterized, which will lead to an increased focus on oil storage worldwide
Key Players in the Industry:
Key companies profiled in Oil and Gas Terminal Automation Market report are Yokogawa, Emerson, Honeywell, Rockwell, ABB, Siemens, Schneider, FMC and more in term of company necessary information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Moreover, the growth in demand for natural gas, especially LNG, is expected to lead to the emergence of several new plants in North America and the Asia-Pacific region, including in the other areas.However, the relatively high costs associated with the introduction of automation systems are expected to hinder the growth of the global automation market for oil and gas plants over the forecast period. Also, electronic threats and data security concerns may hinder the growth of the introduction of these automation systems, especially among small terminal operators.
The significant regions covered in this report include North America, the United States, Canada, Asia-Pacific, Japan, Indonesia, the Rest of Asia-Pacific, and China.
Factors affecting the growth prospects:
Excess oil and gas production in North America, particularly in the United States, has contributed in the recent past to increased investment in the construction of oil and gas export facilities in the region. This situation is expected to continue during the forecast period, which will contribute to the growth of the region’s oil and gas plant automation market during the forecast period. Oil and gas terminal automation demand in the Asia-Pacific region is expected to shoot, in addition to the fact that the Japanese region is expected to see relatively faster growth, with the expected period increasing by 8.8%, which will be about 32% of the total market value by the end of 2026
The global market for automation of oil and gas plants is expected to cost an average of 7.1% in value over the forecast period (2016-2026), mainly due to relatively low oil prices and increased demand for natural gas from various industries.
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