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This industry research report presents a detailed segmentation of the global terminal automation market by end user (cement, oil and gas, and chemicals and petrochemicals) and by geography (Americas, APAC, and EMEA). The leading vendors analyzed in this market study are Honeywell International, Emerson Electric, ABB, Schneider Electric, and Rockwell Automation.
A loading terminal offers centralized and systematic control over bulk loading terminal operations and helps to store industrial products that are received from cross-country pipelines, railways, ships, and trucks. Terminal automation technology is the most cost efficient and practical solution for enhancing the overall performance. Benefits such as its ability to boost efficiency, safety, and reduce the burden of compliance will result in this market’s steady CAGR of over 6% during the forecast period.
Technavio’s market research analyst has estimated eminent factors, such as the rising need to improve efficiency with cost control, to impel market growth during the forecast period. Automation strategies, such as terminal automation, have revolutionized processes like loading, unloading, and distribution of produce in terms of security, safety, and productivity. Consequently, these strategies are being used across all industrial sectors to enhance their existing systems. Its ability to improve transport feasibility and efficiency, conserve energy, and allow real-time supervision and monitoring, especially in inaccessible and hazardous areas, will result in its augmented adoption during the predicted period.
In this segmentation analysis, the analysts have estimated the oil and gas segment to account for more than 50% of the total market share by 2020. The integration of various processes, such as loading, unloading, truck queue management, processing of bill of landing, at terminals to distribute fuel efficiently will lead to the strong demand for terminal automation solutions in the oil and gas sector during the estimated period.
In terms of geography, the APAC region will be the largest market for terminal automation solutions during the forecast period. Factors such as the high demand from the manufacturing sector, such as the cement industry and chemicals and petrochemicals industry, to improve operational efficiency, minimize operational costs, preserve the environment, and promote employee safety will lead to the strong growth of this market in APAC. According to this market research, the market for terminal automation in APAC will grow at a CAGR of nearly 7% until 2020.
The global market for terminal automation will exhibit drastic growth during the estimated period and is highly organized due to the presence of some large and small players. In this market, the regional and local vendors offer cost-effective customized automation control systems as it will help them to bolster their market shares. The vendors’ growing focus on product innovation and R&D activities will help them to expand their market footprint.
Key vendors in this market are -
Other prominent vendors are Siemens, General Electric, Yokogawa Electric, Cimation, Endress+Hauser, FMC Technology, and Invensys.
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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