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Terminal Automation Market Worth 5.21 Billion USD by 2022PUNE, India, April 18, 2017 /PRNewswire/ -- According to this market research report "Terminal Automation Market by Offering (Hardware (SCADA, PLC, Security System, Field Devices, Tank Loading Area), Software & Services),Project Type (Brownfield, and Greenfield), Vertical, and Geography - Global Forecast to 2022", published by MarketsandMarkets™, the market was valued at USD 3.82 Billion in 2016 and is expected to reach USD 5.21 Billion by 2022 at a CAGR of 5.15% between 2017 and 2022. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
http://www.marketsandmarkets.com/Market-Reports/oil-gas-terminal-automation-market-37561320.html Early buyers will receive 10% customization on this report. The increasing investment for upgrading brownfield terminal infrastructure in North America and the growing adoption of natural gas owing to the increased adoption of environmentally cleaner fuels are driving the growth of the terminal automation market. Tank loading area expected to witness high growth rate during the forecast period The tank loading area includes trucks, pipelines, railways and roads, tankers, river navigation, barges, rail tankers, and tanker trucks. The major factor driving the growth of automated trucks in the terminal automation brownfield market is the need for low-cost operations and reduction in labor dependency. Chemical vertical of the terminal automation market expected to grow at a higher CAGR between 2017 and 2022 The key reason contributing to the growth of chemical vertical in the terminal automation market is the need for developing the potential of digital technologies for capitalization and value creation. Also, companies are investing in a number of projects related to automating chemical terminals. For instance, in February 2014, Honeywell International Inc. (US) launched Fusion4 MSC-L, a multi-stream controller for loading products from refineries and chemical plants into transport vehicles such as railcars, tankers, and barges. It has multiple features such as explosion proof design, expandable I/Os, and tart-up time of less than one minute. Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=37561320 Terminal automation market in APAC likely to grow at a higher CAGR during the forecast period The terminal automation market in APAC is driven by the increase in the number of terminal automation projects in countries such as India, Malaysia, and the Philippines. Honeywell International Inc. (US) received a contract from Vietnam Oil and Gas Group (Vietnam) to provide professional consulting services and advice to the company and its subsidiaries for future investment projects. Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=37561320 Major players operating in the terminal automation market include ABB Ltd. (Switzerland), Honeywell International, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric (France), Emerson Electric Corporation (US), Endress + Hauser AG (Switzerland), TechnipFMC plc (UK), and Implico GmbH (Germany). Browse Related Reports Process Automation & Instrumentation Market by Instrument (Pressure, Temperature, Level and Humidity Transmitter), Solutions (PLC, DCS, SCADA, HMI, APC, MES and Safety Automation), Application, and Geography - Global Trend and Forecast to 2020 Industrial Automation Market for Oil & Gas (SCADA, DCS, PLC & MES), Instrumentation, Analyzers, Flow Computers, Leakage Detection, Operation & Geography - Global Forecasts and Analysis 2013 - 2020 Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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