Global Terminal Automation Market Overview:
Terminal Automation is a practice in which is a supervisory software system (Terminal Automation System) mechanises certain manual procedures in terminal. It is a flexible system, open to integration with the overall business, lab system and system for process control and monitoring systems like PLC and other automation equipment. It bridges the gap between the Enterprise Resource Planning (ERP) and Supervisory Control and Data Acquisition (SCADA) systems or directly the controls (PLC). Terminal automation system controls activities and processes from vehicle entry into the terminal to vehicle exit.
- Rising Labor Cost Improve the Growth for Automation of Terminals
- Growing Investments for Brownfield Terminals Automation
- Rising Demand for Natural Gas and Crude Oil
- Extension of Oil Terminals
- Controlling Cyber Security Threats
- Increasing Number of Terminal Automation Projects in Developing Regions
- Integration of Cloud Technologies across All Verticals
- Dependence on the Regulatory Authority for Approval
Some of the key players profiled in the report are Honeywell (United States), Emerson Electric (United States), Siemens AG (Germany), ABB (Switzerland), Schneider (United States), Endress+Hauser Management AG (Switzerland), Rockwell Automation (United States), Yokogawa Electric Corporation (Japan), Petrogas Systems (Tunisia) and MEGA Industrial Control System (Turkey). Additionally, following companies can also be profiled that are part of our coverage like Axamer Solutions Pvt. Ltd (India), Invensys (United Kingdom), Varec, Inc. (United States) and General Atomics (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Terminal Automation market by 2024. Considering Market by Industry Vertical, the sub-segment i.e. Transportation will boost the Terminal Automation market. Considering Market by Component, the sub-segment i.e. System will boost the Terminal Automation market. Considering Market by Parts of Automation System, the sub-segment i.e. Load Rack Computer System (LRCS) will boost the Terminal Automation market.
On September 3, 2019 - Emerson, a global engineering and technology company, announced that it has acquired the Spence and Nicholson product lines from Circor International. The acquisition complements Emersonís broad portfolio of steam system solutions for process industries and commercial buildings. and On October 01, 2019 - Rockwell Automation announced that it has acquired MESTECH Services, a global provider of Manufacturing Execution Systems/Manufacturing Operations Management, digital solutions consulting, and systems integration services.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Terminal Automation market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Terminal Automation market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Service Providers of Terminal Automation, Solution/Software Providers, Oil & Gas Industry, Chemical Industry, Regulatory Bodies and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.