Press release
Terminal Automation Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Terminal Automation
The increase in oil and gas production is expected to promote the growth of the terminal automation market. Advanced drilling techniques, offshore drilling, and rising energy demands have boosted oil and gas production. Terminal automation optimizes the loading, storage, and distribution of oil and gas, improving efficiency and safety. The UK Department For Energy Security and Net Zero reported a 16% increase in gas production in 2022. This growth in oil and gas production is driving the terminal automation market.
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What is the future CAGR of the terminal automation market, and how will it impact industry expansion?
The terminal automation market has grown significantly in recent years. It is projected to grow from $7.5 billion in 2024 to $8.05 billion in 2025, reflecting a CAGR of 7.4%. The increase is driven by the growing demand for operational efficiency, the rising adoption of automated equipment, increasing regulatory pressures for environmental sustainability, the need for seamless logistics, and the rise of autonomous vehicles transforming terminal operations.
The terminal automation market is expected to grow to $10.6 billion by 2029 at a CAGR of 7.1%. The growth is driven by improved operational efficiency, rising demand for sustainable solutions, regulatory mandates promoting automation, expanding global trade, and investments in smart infrastructure. Key trends include IoT and cloud solutions adoption, AI and machine learning for predictive maintenance, increased automation in cargo handling, and digitalization in logistics.
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What are the most significant trends transforming the terminal automation market today?
Companies in the maritime industry are utilizing AI and IoT-enabled port management solutions to improve decision-making and optimize port operations. These solutions integrate AI and IoT technologies to enhance predictive capabilities and streamline operations. For instance, in May 2024, CSM Technologies, a US-based IT services company, launched a Port Management Solution (PMS) that uses AI, IoT, and ML to optimize port operations, from vessel traffic management to logistics automation.
Which key market segments comprise the terminal automation market and drive its revenue growth?
The terminal automation market covered in this report is segmented -
1) By Offering: Hardware, Software And Services
2) By Project Type: Brownfield Projects, Greenfield Projects
3) By End User: Oil And Gas, Chemical, Other End Users
Subsegments:
1) By Monocrystalline Sapphire: High-Purity Monocrystalline Sapphire, Low-Purity Monocrystalline Sapphire, Substrate Monocrystalline Sapphire
2) By Trigonal System Sapphire: C-Plane Trigonal Sapphire, R-Plane Trigonal Sapphire, M-Plane Trigonal Sapphire
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What regions are leading the charge in the terminal automation market?
North America was the largest region in the terminal automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the terminal automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the terminal automation market?
Major companies operating in the terminal automation market are Siemens AG, General Electric Company, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Larsen & Toubro Limited, Emerson Electric Co., Rockwell Automation Inc., TechnipFMC plc, INTECH, Petroliam Nasional Berhad (PETRONAS), Zebra Technologies Corporation, General Atomics Aeronautical Systems Inc., Yokogawa Electric Corporation, Endress+Hauser Group Services AG, Royal Vopak N.V., Mofatt & Nichol Inc, Chemtrols Industries Pvt. Ltd., Fabtech Projects & Engineers Ltd., Varec Inc., Advanced Sys-tek Pvt. Ltd., Toptech Systems Inc, Implico GmbH, MHT Technology Ltd
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What Is Covered In The Terminal Automation Global Market Report?
•Market Size Forecast: Examine the terminal automation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the terminal automation market for a structured understanding.
•Key Players Overview: Analyze major players in the terminal automation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the terminal automation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the terminal automation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the terminal automation market.
•Industry Challenges: Identify potential risks and obstacles affecting the terminal automation market.
•Competitive Landscape: Review strategic developments in the terminal automation market, including expansions, agreements, and new product launches.
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