Terminal Automation Market Share, Trend, Segmentation and Forecast to 2025

 

Market Highlights:

A loading terminal provides centralized as well as systematic control over bulk loading terminal operations. It also enables us to store industrial products that are obtained from cross-country ships, railways, pipelines, and trucks. Terminal automation technology occurs as the maximum cost efficient as well as practical solution for augmenting the overall performance. This technology provides advantages such as its ability to boost safety and efficiency, and limit the compliance burden that will help in the steady growth of this Industry during the forecast period.

The global terminal automation Industry is analyzed to grow in the forecast years owing to the increasing need to enhance efficiency along with cost control, to promote Industry growth during the future years. Terminal automation strategies have transformed processes like loading, unloading, and produce distribution in terms of productivity, security, and safety. These automation strategies are being used across varied industrial sectors to augment their existing systems. The terminal automation strategies helps to enhance transport feasibility as well as efficiency, conservation of energy, and permit real-time supervision as well as monitoring, particularly in inaccessible hazardous areas. These benefits lead to its increased adoption during the future period.

Market Segments

The terminal automation Industry is segmented by offering, project type, vertical and regions.

  • On the basis of offering, the global terminal automation Industry is divided into Hardware (SCADA, PLC, security system, field devices, tank loading area) and software& services.
  • On the basis of project type, the global terminal automation Industry is divided into brownfield and greenfield.
  • On the basis of vertical, the global terminal automation Industry is segmented into oil & gas, chemical, and others.

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Among all the Industry segments, the Industry for software & services is anticipated to grow at a swift rate during the future period.  The major factor promoting the growth of the software & services sector in the terminal automation Industry is the rise in demand for automating solutions in order to augment the operational efficiency of terminals.

Key Players:

The major companies that provide terminal automation strategies include:

  • General Electric Honeywell
  • Emerson Electric
  • ABB Ltd
  • Endress+Hauser
  • Yokogawa Electric
  • Schneider Electric
  • Rockwell Automation
  • Siemens
  • Cimation
  • FMC Technology
  • Invensys

The global terminal automation Industry is expected to showcase intense growth during the forecast period. The global Industry is highly organized owing to the presence of some large and small players. The vendors’ rising concentration on product innovation and research and development activities will enable them to increase their Industry footprint.

Regional Analysis

Based on regions, the global terminal automation Industry is segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. The Asia-Pacific region is expected to command the maximum Industry share for terminal automation during the forecast period. Factors such as increased demand from the manufacturing sector, such as the cement, chemicals and petrochemicals industry, in order to enhance operational efficiency, reduce operational costs, preserve the environment, and uphold employee safety will result in the strong Industry growth.

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