Monday, 29 February 2016

Global terminal automation market to grow at a CAGR of 6.26% during the period 2016-2020

About Terminal Automation

A bulk loading terminal or large depot stores products from industries, such as oil and gas, and chemicals and petrochemicals, which are received through cross-country pipelines, railways, ships, and trucks and stored in tank farms. These products are distributed through trucks, railways, barges, ships, and pipelines.

A supervisory and regulatory software system enables the automation of specific manual processes in an organization's terminal. TAS represents the amalgamation of terminal management system (TMS), terminal automation control (TAC), communications management system, motor control management, terminal loading system, and process and safety control. We note that terminal automation enhances productivity and alerts end-users through the use of real-time data. It also enables real-time and accurate data collection, reduces losses, prevents accidents, improves safety and security, protects the natural environment, expedites building processes, and enables centralized control.

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Analysts forecast the global terminal automation market to grow at a CAGR of 6.26% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global terminal automation market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales and services of the following products:
Card readers
Pumps, meters, and valves
PLCs and RTUs
Weighing scales
Tank gauging
Flow computers

Report, Global Terminal Automation Market 2016-2020, 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.

Key vendors Honeywell International
Emerson Electric
Schneider Electric
Rockwell Automation

Other prominent vendors Siemens
General Electric
Yokogawa Electric
FMC Technology

Market driver Widened scope of brownfield terminal projects
For a full, detailed list, view our report

Market challenge High customer switching costs
For a full, detailed list, view our report

Market trend Limited distinction between DCS and PLC
For a full, detailed list, view our report

Key questions answered in this report What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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