Oil and Gas Terminal Automation Market Volume Analysis, size, share and Key Trends 2014 – 2020 by Future Market Insights

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    Global Oil and Gas Terminal

    Automation Market

    Share, Global Trends, Analysis, Research, Report,

    Opportunities, Segmentation and Forecast,

    2014 2020

    www.futuremarketinsights.comFuture Market Insights

  • Oil & gas terminal automation is a process of managing, monitoring, evaluating and controllingremote terminals using intelligent software that automates the process of oil and gas loading,storage and distribution. In order to satisfy the increasing demand of oil and gas by bothdomestic and international consumers, there is a need for a delivery system that is both efficientand accurate. The oil & gas terminal industry requires complete automation from exploration todistribution. Terminal automation offers a set of integrated tools which provide real-time accessto terminal data to maintain safety and stability operations and maximize profits throughoptimal management.

    The terminal automation system is an integration of Terminal Management System (TMS),Terminal Automation Control (TAC), Communication Management System, Motor ControlManagement, Terminal Loading System and Process & Safety Control. The benefits associatedwith terminal automation are increases responsiveness and productivity, empoweredworkforce, real-time database management system, optimized safety & security and centralizedcontrol. On the other hand, oil & gas terminal automation is costly and need training forcustomers to handle it.

    High cost of automation, satisfactory results obtained from traditional systems and lowautomation adoption in industries are some of the restraints hindering the growth of oil & gasterminal automation market. Despite these restraints, the oil & gas terminal automation marketis expected to witness a single-digit growth in the next five years.

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    The oil & gas terminal automation market is segmented by product, mode of transportation andgeography. On the basis of products, the market is classified into process safety system (PSS),tank gauging system, distributed control system (DCS), programmable logic controller (PLC),blending control & safety, supervisory control and data acquisition (SCADA) and HMI. On thebasis of mode of transportation, the oil & gas terminal automation market is categorized intotruck transport and pipeline transport. Truck transport is useful for inventory and finishedproduct transport between terminals. Pipeline transport on the other hand, is useful fortransport of crude oil and natural gas from wells to refineries and then from the refineries tocustomers. On the basis of geography, the market is divided into North America, Latin America,Asia-Pacific, Japan, Western Europe, Eastern Europe and Middle East & Africa.

    The oil & gas terminal automation is generally divided into two tasks ensuring terminalefficiency and terminal safety. The advancement in oil & gas automation include real-time safetyalarms, automated data capture, tank farm automation, custom graphics and user interface, andproduct movement tracking. Innovative technological modifications are implemented onexisting terminal automated systems using global network remote support and monitoring,cloud-based automation, mobility of control, intelligent event processing, fields and unmannedplatforms.

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  • Continuous technological developments are made to make oil & gas terminals more productiveand fault-free. Advancement in terminal automation is the result of innovation and developmentin information technology.

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    Rockwell Automation Inc. (US), Cimation (US), ABB Ltd. (Switzerland), Gulftronics (US), Yokogawa(Japan), Larsen & Toubro(India), Wipro Ltd.(India), Schneider Electric (U.K.) General Electric (US),Siemens AG (Germany) and Honeywell Process Solutions (US) are some of the top players ofglobal oil & gas terminal automation market. North America has the largest market for oil & gasterminal automation due to its industrial and technological advancement. On the other hand,Asian countries are the developing markets. Due to the increasing need for power andelectricity, countries like India and China are the biggest fuel consumers. India and China areemerging as the most attractive markets for oil & gas terminal automation. With the increase indemand for oil and gas, the demand for automation of terminal operation will rise in order toincrease productivity and accuracy of output by terminals.

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