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

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Oil & gas terminal automation is a process of managing, monitoring, evaluating and controlling remote 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 both domestic and international consumers, there is a need for a delivery system that is both efficient and accurate. The oil & gas terminal industry requires complete automation from exploration to distribution. Terminal automation offers a set of integrated tools which provide real-time access to terminal data to maintain safety and stability operations and maximize profits through optimal management.

Global Oil and Gas

Terminal

Automation Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

2014 2020

Future Market Insights

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Report Description

Oil & gas terminal automation is a process of managing, monitoring, evaluating and controlling

remote 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 both

domestic and international consumers, there is a need for a delivery system that is both efficient

and accurate. The oil & gas terminal industry requires complete automation from exploration to

distribution. Terminal automation offers a set of integrated tools which provide real-time access

to terminal data to maintain safety and stability operations and maximize profits through

optimal management.

The terminal automation system is an integration of Terminal Management System (TMS),

Terminal Automation Control (TAC), Communication Management System, Motor Control

Management, Terminal Loading System and Process & Safety Control. The benefits associated

with terminal automation are increases responsiveness and productivity, empowered

workforce, real-time database management system, optimized safety & security and centralized

control. On the other hand, oil & gas terminal automation is costly and need training for

customers to handle it.

High cost of automation, satisfactory results obtained from traditional systems and low

automation adoption in industries are some of the restraints hindering the growth of oil & gas

terminal automation market. Despite these restraints, the oil & gas terminal automation market

is expected to witness a single-digit growth in the next five years.


Report Description

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The oil & gas terminal automation market is segmented by product, mode of transportation and

geography. 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 the

basis of mode of transportation, the oil & gas terminal automation market is categorized into

truck transport and pipeline transport. Truck transport is useful for inventory and finished

product transport between terminals. Pipeline transport on the other hand, is useful for

transport of crude oil and natural gas from wells to refineries and then from the refineries to

customers. 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 terminal

efficiency and terminal safety. The advancement in oil & gas automation include real-time safety

alarms, automated data capture, tank farm automation, custom graphics and user interface, and

product movement tracking. Innovative technological modifications are implemented on

existing terminal automated systems using global network remote support and monitoring,

cloud-based automation, mobility of control, intelligent event processing, fields and unmanned

platforms.


Report Description

Continuous technological developments are made to make oil & gas terminals more productive

and fault-free. Advancement in terminal automation is the result of innovation and development

in 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 of

global oil & gas terminal automation market. North America has the largest market for oil & gas

terminal 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 and

electricity, countries like India and China are the biggest fuel consumers. India and China are

emerging as the most attractive markets for oil & gas terminal automation. With the increase in

demand for oil and gas, the demand for automation of terminal operation will rise in order to

increase productivity and accuracy of output by terminals.


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