Los Angeles, CA -- (SBWire) -- 01/19/2019 --This report presents the worldwide Terminal Automation in Oil and Gas market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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.
Growing need for liquefied natural gas, coupled with surplus oil and gas production in certain regions of the globe including North America has resulted in increasing focus on development of storage terminals across the globe. Accordingly, increase in investment towards development of oil and gas terminals is likely to be witnessed during forecast period. This, along with the existing demand-supply scenario is expected to boost revenue growth of the global oil and gas terminal automation market in the next 10 years. Growing emphasis on adoption of Wireless technology and Internet of Things (IoT) based terminal automation systems is anticipated to be witnessed during forecast period.
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The Terminal Automation in Oil and Gas market was valued at 820 Million US$ in 2017 and is projected to reach 1390 Million US$ by 2025, at a CAGR of 6.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Terminal Automation in Oil and Gas.
The following manufacturers are covered in this report:
ABB
Emerson
Implico Group
Schneider Electric
Yokogawa
Terminal Automation in Oil and Gas Breakdown Data by Type
Hardware
Software
Services
Terminal Automation in Oil and Gas Breakdown Data by Application
Gas Terminal
Oil Terminal
Terminal Automation in Oil and Gas Production by Region
United States
Europe
China
Japan
Other Regions
Other Regions
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Global Terminal Automation in Oil and Gas Market Region, History, Market Competition, Trade Overview, Policy 2025
In this research study, the prime factors that are impelling the growth of the 2018 2025 Global Terminal Automation in Oil and Gas Market report on global and United States market status and forecast by players types and applications have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period.