Lewes, DE -- (SBWire) -- 02/17/2016 --Report forecast the global terminal automation market to grow at a CAGR of 6.26% during the period 2016 - 2020.
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.
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:
- Alarms
- Card readers
- DCS
- HMI
- Pumps, meters, and valves
- PLCs and RTUs
- Presets
- Weighing scales
- Tank gauging
- Flow computers
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.
According to the report, most of the infrastructure in brownfield projects, such as pipeline connections, tanker berths, high-tech LNG storage tanks, roads and other components, are already in place. Terminal automation can enhance brownfield projects to increase overall productivity by executing operations methodically, thus conserving both time and energy.
Further, the report states that the high costs involved in automation and the comparatively satisfactory results obtained from low-cost traditional systems hinder the adoption of automation.
Key players in the Global Terminal Automation Market: Honeywell International, Emerson Electric, ABB, Schneider Electric and Rockwell Automation.
Other Prominent Vendors in the market are: Siemens, General Electric, Yokogawa Electric, Cimation, Endress+Hauser, FMC Technology, and Invensys.
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?
Spanning over 59 pages "Global Terminal Automation Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
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