Albany, New York, Feb 22, 2016: A report recently added to the massive repository of MarketResearchReports.biz states that the global terminal automation market is poised to expand at a healthy CAGR of 6.26% from 2016 to 2020. This 59-page research publication is titled “Global Terminal Automation Market 2016-2020” and offers readers a detailed analysis of the overall industry, with sharp insight from leading experts. A broad outlook of the terminal automation market landscape, a discussion on the major players, the growth potential in the coming years, and the most recent figures with respect to size, sales, volume, and value have all been highlighted in the research study.
Terminal automation systems include the amalgamation of terminal automation control, motor control management, process and safety control, terminal management system, communications management system, and terminal loading system. Terminal automation improves the overall productivity and alerts users via real-time data. It also presents a host of benefits such as loss reduction, improvement of security and safety, expediting building processes, accurate data collection, prevention of accidents, protection of the natural environment, and enabling centralized control.
The study identifies the main growth drivers and limitations in the terminal automation market and evaluates their impact during the forecast period. According to the research report, the global terminal automation market is primarily driven by the widened scope of brownfield terminal projects. While the high costs of customer switching threatens to impede the terminal automation market, the limited distinction between PLC and DCS is anticipated to provide players within the market several growth opportunities.
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The research report studies the overall terminal automation market on the basis of end use and geography. By end use, the terminal automation market is segmented into chemicals and petrochemicals, oil and gas, and cement. By geography, the global market is divided into Asia Pacific, the Americas, and Europe, the Middle East, and Africa. Each of these segments is evaluated for the period of 2015 to 2020, with the revenue figures represented in US$ billion. The report also considers the revenue generated from the services and sales of some of the key products such as alarms, HMI, tank gauging, DCS, card readers, flow computers, pumps, meters, and valves, presets, weighing scales, and PLCs and RTUs. The size of the terminal automation market is calculated based on these revenue figures.
The key players operating in the global terminal automation market include Honeywell International, Schneider Electric, ABB, Rockwell Automation, and Emerson Electric. Other vendors competing in this space include Endress+Hauser, FMC Technology, Invensys, Siemens, Cimation, Yokogawa Electric, and General Electric. These companies are studied in the terminal automation market in terms of aspects such as type of products, business segmentation, and geographical segmentation. The revenue figures of each player have been provided in the research study.
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