World Oil & Gas Terminal Automation Sector Examined in Topical M&M Study Now Available at MarketPublishers.com25 Jun 2014 • by Natalie Aster
LONDON – Terminal automation offers a broad array of benefits for the oil & gas sector, enabling the effective functioning and completion of the key operations by integrating such products as SCADA, HMI, DCS, PLC, automatic gauging solutions, blending control systems, process safety systems, and also security. All these products and solutions ensure error-free approach and superiority in the oil & gas terminal operations. The global oil & gas terminal automation market is expected to be worth USD 4.4 billionby end-2020, growing at 8.91% CAGR over the forecasted period. The North America and South America will continue to lead the market, followed by the Asia-Pacific region and the Middle East. Key drivers of the robust growth in the market include, amid others, growing concerns about security, safety and accuracy at the terminals, the upgradation of the obsolete terminal areas to automated ones, rising interest in advanced operations, and the need to build the integrated terminal system.
Emerson Electric Company, ABB Ltd, General Electric, Honeywell Process Solutions, Siemens AG, Invensys, Rockwell Automation Inc., FMC Technology, and Yokogawa are among the top market contributors.
Topical research study “Oil and Gas Terminal Automation Market by Product (DCS, SCADA, PLC, HMI, Process Safety System, Automatic Tank Gauging, Blending Controls & Security), Transportation Mode (Truck & Pipeline) & Geography - Analysis & Forecast to 2014 - 2020” elaborated by MarketsandMarkets (M&M) examines the worldwide oil & gas terminal automation market, categorising it based on components, products, applications, and geography; as well as forecasting revenues through 2018 and providing a detailed review of the would-be applications alongside showing the deployments of the terminal automation systems across different regions. The report discusses the major market players in tandem with covering key growth strategies followed by them, and describes the competition in the marketplace. It also limelights the winning imperatives and hottest issues pertaining to the industry; as well as contains a granular analysis of the entire value chain of the market.
Oil and Gas Terminal Automation Market by Product (DCS, SCADA, PLC, HMI, Process Safety System, Automatic Tank Gauging, Blending Controls & Security), Transportation Mode (Truck & Pipeline) & Geography - Analysis & Forecast to 2014 - 2020
Published: May, 2014
Price: US$ 4,650.00
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