Terminal Automation System is the Next Big Opportunity for Oil and Transportation
The Terminal Automation System Market for Oil & 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.
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Oil and gas terminal automation market is a fast developing market, which includes eight product segments; namely DCS, SCADA, PLC, PSS, HMI, blending controller, automatic tank gauging, and security.
Terminal Automation System Market for Oil & Gas 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.
There are a few factors, which are significantly impacting the Terminal Automation System Market for Oil & Gas 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, upgradation 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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