Lewes, DE -- (SBWire) -- 05/07/2015 --Report forecast the terminal automation market in the oil and gas industry in North America to grow at a CAGR of 6.22% over the period 2014-2019.
Terminal automation is a process in which a supervisory software system automates certain manual process in a terminal. Terminal automation systems are installed in bulk loading terminals to control HMI devices and to communicate with field devices such as PLCs, DCSs, flow computers, and batch controllers. Electronic pre-sets modern terminal automation systems are able to control the activities and processes from vehicle entry into a terminal to the exit with a bill of lading.
This report covers the present scenario and the growth prospects of the terminal automation market in the oil and gas industry in North America during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of terminal automation services and products in the oil and gas industry in North America.
According to the report, in the US, the use of advanced extraction technologies such as hydraulic fracturing has boosted the production of oil and natural gas. This has resulted in the decrease in price of natural gas. As natural gas is used as feedstock in the petrochemicals industry, many companies see the reduced price of natural gas as an incentive to expand their petrochemical capacity. This, in turn, would help companies to increase their exports. In addition, the majority of the investments by oil and gas companies are expected to be made in upstream projects as a result of the increased demand from the GCC.
The Terminal Automation Market in Oil and Gas Industry in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the terminal automation market in the oil and gas industry in North America and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key players in Terminal Automation Market in the Oil and Gas Industry in North America 2015-2019: Agfa-Gevaert, AMD Global Telemedicine, Honeywell HomMed and Philips Healthcare
Other Prominent Vendors in the market are: Aerotel Medical Systems, Alcatel Lucent, American Telecare, CardioComm, Cisco Systems, Cybernet Medical, IBM, LifeWatch, Bosch Healthcare, Viterion TeleHealthcare and Zydacron
Market driver
- Rise in US domestic oil and gas production
- For a full, detailed list, view our report
Market challenge
- Growing security concerns
- For a full, detailed list, view our report
Market trend
- Increase in growth of midstream infrastructure
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 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 71 pages, "Terminal Automation Market in the Oil and Gas Industry in North America 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Size and Forecast, Market Segmentation by Products, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/terminal-automation-market-oil-and-gas-industry-north-america-2015-2019
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