Oil and Gas Terminal Automation Market worth $4.4 Billion by 2020
DALLAS, May 21, 2014 /PRNewswire/ --
According to a new market research report "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 (2014 - 2020)", by MarketsandMarkets, the Oil & Gas Terminal Automation Market is a expected to reach up to $4.4 billion by 2020 at an estimated CAGR of 8.91%.
Browse 99 market data Tables and 38 Figures spread through 281 Pages and in-depth TOC on "Oil and Gas Terminal Automation Market".
Early buyers will receive 10% customization on this report.
Oil and gas terminal automation is known for its ability to manage and analyze data with the aid of its advanced technology. Terminal automation provides various benefits to the oil and gas industry, especially, the betterment of the processes and real time data management. The overall transportation of the oil and gas terminal automation is segmented into two sub segments, which are truck and pipeline. While, geography-wise the market is segmented into Middle East, the Americas (North and South America), Europe, APAC, and ROW. The global terminal automation market is expected to reach up to $4.4 Billion by 2020, at an estimated CAGR of 8.91% from 2014 to 2020.
There are a few factors, which are significantly impacting the Oil & Gas Terminal Automation Market in positive way; these factors are helping the terminal automation systems to grow and match the needs and demands of the customer. In other words, these are the market elements, which are supporting the oil and gas terminal automation market, so as to bloom it in the current market scenario. The major driving factors for the global terminal automation system market are: - growing concern on safety, security & accuracy at the terminal areas, up gradation of old terminals to automated terminals, increasing interest in advanced operational activities, and the need to integrate the entire terminal system.
The major companies profiled in this report are, ABB Ltd(Switzerland), Cimation ( Texas), Emerson electric company ( U.S.), Endress+Hauser AG (Switzerland), FMC technology(U.S.), General Electric (U.S.), Honeywell process solution (U.S.), Invensys Ltd(U.K.), Larsen & Toubro (India), Rockwell Automation Inc.(U.S.), Schneider electric (France) , Siemens AG (Germany), Wipro Ltd (India), and Yokogawa electric corporation (Japan).
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