Global Terminal Automation Market, By Offering (Hardware, Software and Services), Project Type (Brownfield Projects, Greenfield Projects), End User (Oil and Gas, Chemical, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Terminal automation market size is valued at USD 7.06 billion by 2028 is expected to grow at a compound annual growth rate of 5.21% in the forecast period of 2021 to 2028. Data Bridge Market Research report on terminal automation provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Terminal automation usually refers to the complete control, monitoring and management solution of the complete product handling procedure from receiving to storage to circulation. It largely helps to make sure a safe and steady operation with efficient management.
The rise in the investment for upgrading brownfield terminal infrastructure is expected to influence the growth of terminal automation market over the forecast period of 2021 to 2028. Also the increase in the adherence to environmental and safety regulations and high demand for environmentally cleaner fuel results in the increased adoption of natural gas are also anticipated to flourish the growth of the terminal automation market. Furthermore, the high in the oil and gas industry along with rise in the industrial automation are also likely to positively impact the growth of the market. Moreover, the rapid development of technologically advanced automation solutions and the incorporation of the Industrial Internet of Things (IIoT) and cloud computing are also expected create a huge demand for terminal automation as well as lifting the growth of the terminal automation market.
However, the reduction in crude oil prices, reliance on the regulatory authority for approval results in project delays and low capital expenses for terminal automation projects are expected to act as the major limitations for the growth of terminal automation in the above mentioned forecasted period, whereas the controlling cyber security threats can challenge the terminal automation market growth in the forecast period of 2021 to 2028.
Likewise, the incorporation of cloud technologies across all verticals, rise in the investments to upgrade existing terminals and upcoming terminal automation projects in the emerging economies are expected to create various new opportunities that will lead to the growth of the terminal automation market in the above mentioned forecasted period.
This terminal automation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on terminal automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Terminal Automation Market Scope and Market Size
Terminal automation market is segmented on the basis of offering, project type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the terminal automation market is segmented into hardware and software and services. Hardware has further been segmented into systems, field devices and tank loading area. Systems have further been sub-segmented into control systems and security systems. Control systems have further divided into scada system, PLC and DCS. Security systems have further divided into emergency shutdown system, gas monitoring system, fire protection system, valve control system, leak detection system and access control system. Field devices have further divided into transmitters, Cctv and others. Transmitters have further been bifurcated into pressure, flow, level and temperature. Tank loading area has further been sub-segmented into trucks, pipelines and others.
- The project type segment of the terminal automation market is segmented into brownfield projects and greenfield projects.
- Based on end user, the terminal automation market is segmented into oil and gas, chemical and others. Oil and gas has further been segmented into upstream, midstream and downstream. Chemical has further been segmented into petrochemical and others.
Terminal Automation Market Country Level Analysis
Terminal automation market is analyzed and market size, volume information is provided by country, offering, project type and end user as referenced above.
The countries covered in the terminal automation market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the terminal automation market due to the increase in the demand for automation due to initiatives such as Make in India and the rise in the number of petrochemical projects. North America is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to the increase in the production of oil and gas which has spurred investments to improve the existing terminal infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Terminal Automation Market Share Analysis
Terminal automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to terminal automation market.
The major players covered in the terminal automation market report are Schneider Electric, Emerson Electric Co., ABB, Siemens, Honeywell International Inc, TechnipFMC plc, Rockwell Automation, Inc., LARSEN & TOUBRO LIMITED., Implico, General Electric, Endress+Hauser Group Services AG, Yokogawa India Ltd., Inter Terminals Limited, INTECH, Varec, Inc., Chemtrols Industries Pvt. Ltd., MHT Technology, Advanced Sys-tek Pvt. Ltd., and General Atomics among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Terminal Automation Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.