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Global Terminal Automation Market in the Oil and Gas Industry 2017-2021

Global Terminal Automation Market in the Oil and Gas Industry 2017-2021

About Terminal Automation in the Oil and Gas Industry

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.

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

Covered in this report

The report covers the present scenario and the growth prospects of the global terminal automation market in the oil and gas industry for 2017-2021. To calculate the market size, the report considers new installations, value, and aftermarket services market.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, 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 covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Emerson
  • Implico Group
  • Schneider Electric
  • Yokogawa
Other prominent vendors
  • Honeywell
  • Larsen & Toubro
  • Siemens
  • Rockwell Automation
  • TechnipFMC
  • Varec
  • Inter Terminals
Market driver
  • Global expansion in oil terminals
  • For a full, detailed list, view our report
Market challenge
  • Huge capital investment and business downtime
  • For a full, detailed list, view our report
Market trend
  • Emergence of IoT and cloud integration
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Terminal Automation Market in the Oil and Gas Industry 2017-2021

Technavio recognizes the following companies as the key players in the global terminal automation market in the oil and gas industry: ABB, Emerson, Implico Group, Schneider Electric, and Yokogawa.

Other Prominent Vendors in the market are: Honeywell, Larsen & Toubro, Siemens, Rockwell Automation, TechnipFMC, Varec, and Inter Terminals.

Commenting on the report, an analyst from Technavio’s team said: “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. By 2016, IoT had already commercialized to a degree in the factory, thereby bringing an industrial revolution with the concept of Industry 4.0. The accompanying global digitalization is growing rapidly across the world and involves components that can identify and transmit conditional information.”

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. However, penetration of terminal automation in the oil and gas industry is much lower, due to high upfront cost, extended downtime, and interoperability issue in some instances that hamper the workability after automation. Terminal owners can automate the terminal at one go or process by process. Terminal automation at one go reduces the risk of interoperability at a later stage, but downtime is more.

Companies Mentioned

ABB, Emerson, Implico Group, Schneider Electric, Yokogawa, Honeywell, Larsen & Toubro, Siemens, Rockwell Automation, TechnipFMC, Varec, and Inter Terminals.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Terminal automation architecture
      • Table Advantages of terminal automation
  • Market landscape
    • Market overview
      • Table Market segmentation
    • Market size and forecast
      • Table Global terminal automation market in the oil and gas industry 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global terminal automation market in the oil and gas industry by product 2016-2021 (%)
    • Global terminal automation market in the oil and gas industry by hardware
      • Table Global terminal automation market in the oil and gas industry by hardware 2016-2021 ($ millions)
    • Global terminal automation market in the oil and gas industry by software
      • Table Global terminal automation market in the oil and gas industry by software 2016-2021 ($ millions)
      • Table Features of software solutions
      • Table The advantages provided by software solutions
    • Global terminal automation market in the oil and gas industry by services
      • Table Global terminal automation market in the oil and gas industry by services 2016-2021 ($ millions)
      • Table Services carried out in terminal automation market in the oil and gas industry
  • Market segmentation by application
    • Market overview
      • Table Global terminal automation market in the oil and gas industry by application (%)
    • Global terminal automation in the oil and gas industry in oil terminals
      • Table Global terminal automation market in the oil and gas industry in oil terminal 2016-2021 ($ millions)
    • Global terminal automation in the oil and gas industry in natural gas terminals
      • Table Global terminal automation market in the oil and gas industry in natural gas terminal 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global terminal automation market in the oil and gas industry by geography
    • Global terminal automation market in the oil and gas industry in Americas
      • Table Global terminal automation market in the oil and gas industry in Americas 2016-2021 ($ million)
    • Global terminal automation market in the oil and gas industry in EMEA
      • Table Global terminal automation market in the oil and gas industry in EMEA 2016-2021 ($ million)
    • Global terminal automation market in the oil and gas industry in APAC
      • Table Global terminal automation market in the oil and gas industry in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Few upcoming investments in tank terminals
      • Table Global liquid fuel consumption 2007-2018 (mbpd)
    • Market challenges
  • Market trends
    • Emergence of IoT and cloud integration
      • Table Pros and cons of IoT
    • Increasing trend of terminals owned by independent players
    • Rising investment in LNG
      • Table Global power generation capacity by natural gas fuel 2016-2031 (GW)
      • Table Global LNG trade 2005-2015 (MTPA)
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB business segments:
      • Table ABB: Recent developments
    • Emerson
      • Table Emerson business segments:
      • Table Emerson: Recent developments
    • Implico Group
      • Table Implico business segments:
      • Table Implico Group: Recent developments
    • Schneider Electric
      • Table Schneider Electric business segments:
      • Table Schneider Electric: Recent developments
    • Yokogawa
      • Table Yokogawa business segments:
      • Table Yokogawa: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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