Global Terminal Automation Market in the Oil and Gas Industry 2017-2021 – Emergence of IoT and Cloud Integration – Research and Markets

DUBLIN–(BUSINESS WIRE)–The “Global
Terminal Automation Market in the Oil and Gas Industry 2017-2021”
report has been added to Research and Markets’ offering.

The global terminal automation market in the oil and gas industry to
grow at a CAGR of 6.72% during the period 2017-2021.

Global Terminal Automation Market in the Oil and Gas Industry 2017-2021,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report also includes a discussion of the Key
vendors operating in this market. To calculate the market size, the
report considers new installations, value, and aftermarket services
market.

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. Terminal
automation systems are deployed in various applications in the oil and
gas terminals. Oil terminals include truck and pipeline terminals,
whereas gas terminals include liquefaction liquid natural gas (LNG) and
regasification LNG terminals.

One trend in the market is emergence of IoT and cloud integration. IoT
is the next generation technology for all the applications due to its
superior advantages in connectivity.

According to the report, one driver in the market is global expansion in
oil terminals. Oil terminals are required to store the crude oil and
petroleum products. The tank terminal industry is one of the spurring
industries since last decade. The oil terminal owners made profits owing
to the increased trade of oil and gas and increasing demand for storing
the product in the high oil and gas prices scenario.

However, in low oil prices scenario, the industry is propelled by the
trading and marketing activities by the countries. With low crude oil
prices, oil and gas supply chain market structure is contango (a
situation in which future value of the commodity is higher compared to
spot pricing).

Further, the report states that one challenge in the market is huge
capital investment and business downtime. Terminal automation provides
several benefits ranging from increased operational efficiency to
lowering the manual interference.

Key vendors

• ABB
• Emerson
• Implico Group
• Schneider Electric
• Yokogawa

Other prominent vendors

• Honeywell
• Larsen & Toubro
• Siemens
• Rockwell Automation
• TechnipFMC
• Varec
• Inter Terminals

Key Topics Covered:

Part 01:Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by product

Part 07: Market segmentation by application

Part 08: Geographical segmentation

Part 09: Decision framework

Part 10: Drivers and challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Key vendor analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/pj8x8k/global_terminal

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Related
Topics: Gas,
Oil,
Pipelines,
Industrial
Automation