Terminal automation is the process of automating various control systems for operating machinery and equipment in a manufacturing facility without human intervention. Terminal control basically relies on the accurate and reliable process measurements such as level and flow. These systems increase the accuracy while providing data from the start point to the end; along with increasing asset utilization and productivity for minimizing the loss along with meeting the environmental needs.
With the recent inclinations of the government bodies for environmental concerns and the shift towards efficiently optimizing non-renewable resources have amplified the terminal automation market; also, increasing labor cost and enhanced operational efficacy are further fueling terminal automation growth across the globe. The market for terminal automation is set to escalate at a CAGR of 8% during the forecast period 2018-2023
The terminal automation market is scrutinized by segments including by product, by mode, by end user industry, by type and geography. By product the market is segregated into control system and integrated safety system. Control systems are further segmented into DCS, PLCs, Scada, HMI. Integrated safety systems are divided into Process Safety System (PSS), Automatic Tank Gauging (ATG), Preset/Blend Controller and Security System. By mode includes truck, pipeline and marine. By end user industry market is classified as cement, oil & gas chemical and petrochemical. Under the segmentation done by type the market is divided into software, services and hardware. The report also comprises of the region wise study of the global market including Americas, Europe, Asia-Pacific and Rest of the World.
Integrated safety system is forecasted to dominate the market during the forecast period 2018-2023. However, control system product market is estimated to showcase a prominent growth at a CAGR of 5.9% during the same period. Rising need of quality transportation of crude oil products coupled with high volume production in various industries have led the growth of the terminal automation market.
Sample Companies profiled in this report are:
- Intech Process Automation Inc. (U.S.),
- Schneider Electric SE (France),
- ABB Limited (Switzerland),
- Emerson Electric Co. (U.S.),
- Endress+Hauser AG (Switzerland),