About terminal automation
Terminal automation is a process in which a supervisory software system automates certain manual process in a terminal. Terminal automation systems are installed in bulk loading terminals to control HMI devices and to communicate with field devices such as PLCs, DCSs, flow computers, and batch controllers. Electronic pre-sets modern terminal automation systems are able to control the activities and processes from vehicle entry into a terminal to the exit with a bill of lading.
Technavio's analysts forecast the terminal automation market in the oil and gas industry in North America to grow at a CAGR of 6.22% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the terminal automation market in the oil and gas industry in North America during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of terminal automation services and products in the oil and gas industry in North America.
Technavio's report, the Terminal Automation Market in Oil and Gas Industry in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the terminal automation market in the oil and gas industry in North America and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Terminal Automation Market in the Oil and Gas Industry in North America 2015-2019
Technavio recognizes the following companies as the key players in Terminal Automation Market in the Oil and Gas Industry in North America 2015-2019: Agfa-Gevaert, AMD Global Telemedicine, Honeywell HomMed and Philips Healthcare
Other Prominent Vendors in the market are: Aerotel Medical Systems, Alcatel Lucent, American Telecare, CardioComm, Cisco Systems, Cybernet Medical, IBM, LifeWatch, Bosch Healthcare, Viterion TeleHealthcare and Zydacron
Commenting on the report, an analyst from Technavio’s team said: “The shale gas revolution in the US has led to the increased production of natural gas such that supply has surpassed demand. This has brought down the price of natural gas in North America. The oil and gas producers in the region are looking to export this excess production to countries that are facing shortage of it and where prices of natural gas are comparatively high. However, to export the surplus natural gas to other countries they need midstream infrastructure, which includes pipelines and supporting systems used in the transportation of oil and gas.”
According to the report, in the US, the use of advanced extraction technologies such as hydraulic fracturing has boosted the production of oil and natural gas. This has resulted in the decrease in price of natural gas. As natural gas is used as feedstock in the petrochemicals industry, many companies see the reduced price of natural gas as an incentive to expand their petrochemical capacity. This, in turn, would help companies to increase their exports. In addition, the majority of the investments by oil and gas companies are expected to be made in upstream projects as a result of the increased demand from the GCC.
Further, the report states that the growing concerns over security inhibits market growth.
ABB, Emerson Electric, Honeywell International, Siemens, General Electric, Cimation, Yokogawa, Rockwell Automation, Larsen and Toubro
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