Oil and Gas Terminal Automation
Date: 6/9/2014 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 Oil and Gas Terminal Automation Market Included DCS, SCADA, PLC, HMI, Process Safety System, Automatic Tank Gauging, Blending Controls, Security, Truck and Pipeline The storage terminals, nowadays, are considered as an essential part of many organizations operating across different corners of the world. These terminals not only act as the storage terminals but also as a value addition point. Oil and gas industry offers fuel that gets consumed by the industrial or domestic users for various purposes; thus, to match up with the increasing demand, the oil and gas industry needs terminal automation system, which performs operations in a more faster and efficient way. Terminal automation in Oil and gas offers a wide array of services like monitoring and evaluating systems at terminals, which are present at remote locations. Monitoring sensors at terminals analyze the execution of operations and transfers the data to the respected person. This regulates the entire operations at the terminals. Thus, these operations become error-free by eliminating human interference. Terminal automation in oil and gas is beneficial for the successful functioning and completion of the crucial terminal operations by integrating products like DCS, SCADA, PLC, HMI, automatic gauging, process safety system, blending controllers, and security. These products provide error free approach and superiority in the operations of the oil and gas terminals. The transportation in the oil and gas industry is segmented by – truck and pipeline. Automation processes are in practice so as to monitor these transports automatically, in order to make them efficient and safe. The terminal automation market in oil and gas is showcasing a high growth, currently, due to the need for automated systems to increase the functional and operational efficiencies at a low cost. The overall global terminal automation market in oil and gas is segmented into three major segments, namely - by product, by transportation mode, and by geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately classified in the report. The global market is expected to reach up to $4.4 billion by 2020, at an estimated CAGR of 8.91% from 2014 to 2020. Major companies contributing in this market 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(U.K.), Larsen & Toubro (India), Rockwell Automation Inc.(U.S.), Schneider electric (France), Siemens AG (Germany) , Wipro LTD (India), and Yokogawa(Japan) . Geographical analysis covers the Middle East, America, Europe, Asia-Pacific, and ROW. In this report, the Americas is further segregated by the North America and South America regions. The Middle East consists of Saudi Arab, Iran, Iraq, and the ‘others’, while the APAC is segregated into Japan, China, India, South Korea, Indonesia, and ‘others’. Meanwhile, the ROW region includes Russia and the ‘others’; while Europe and Africa are the smallest contributors in this market. This geographical analysis is useful to analyze the terminal automation market in oil and gas, geography wise. CONTINUATION:
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