Press release
Terminal Automation Market to Soar at a CAGR of 6.72% to 2021
The Terminal Automation Market Research Report is a professional and in-depth study on the current state also focuses on the major drivers and restraints for the key players.About Terminal Automation in the Oil and Gas Industry
Terminal automation is a system that eases the product handling at the terminal and enables integration of these operations with the business software. It is used to measure, control, automate, and report all the exchanges and transfers. It offers complete management from receipt of the product to inventory control to dispatch recording. Terminal automation systems are deployed in various applications in the oil and gas terminals. Oil terminals include truck and pipeline terminals, whereas gas terminals include liquefaction liquid natural gas (LNG) and regasification LNG terminals.
Analysts forecast the global terminal automation market in the oil and gas industry to grow at a CAGR of 6.72% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global terminal automation market in the oil and gas industry for 2017-2021. To calculate the market size, the report considers new installations, value, and aftermarket services market.
The market is divided into the following segments based on geography: Americas, APAC, EMEA.
This report, Global Terminal Automation Market in the Oil and Gas Industry 2017-2021, 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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Key vendors ABB, Emerson, Implico Group, Schneider Electric, Yokogawa
Other prominent vendors Honeywell, Larsen & Toubro, Siemens , Rockwell Automation, TechnipFMC, Varec, Inter, Terminals.
Market driver Global expansion in oil terminals, For a full, detailed list, view our report.
Market challenge Huge capital investment and business downtime, For a full, detailed list, view our report.
Market trend Emergence of IoT and cloud integration, For a full, detailed list, view our report.
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