Terminal Automation Market Size (US$ 7.6 Billion), Share, Analysis, Growth (CAGR 5.3%), and Report 2022-2027
The latest report by IMARC Group, titled “Terminal Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global terminal automation market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global terminal automation market size reached US$ 5.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.6 Billion by 2027, exhibiting a growth rate (CAGR) of 5.3% during 2022-2027.
Terminal automation is the process of automating several control functions of machinery in a warehouse or manufacturing unit. A terminal is a storage facility for chemicals, gas, oil and other products that need to be carried to the point-of-sale (POS). Terminal automation system (TAS) is comprised of various mechanical, pneumatic, hydraulic, electronic and computerized systems that provide control over the entire product handling process, which involves bulk loading, receiving, storing and distributing products. Furthermore, the system also offers several other benefits, such as reduced operational and maintenance costs, enhanced productivity and improved security of assets and human resources.
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Market Trends:
A significant growth in the oil and gas industry, along with the increasing demand for industrial automation, is primarily impelling the market growth. Furthermore, the widespread adoption of terminals for blending, handling and storing biofuels is also driving the global market for terminal automation. Additionally, the introduction of innovative automation solutions that are integrated with numerous advanced technologies, such as cloud computing and Industrial Internet of Things (IIoT), also acts as another growth-inducing factor.
These solutions offer enhanced support and real-time monitoring of remote sites, cloud-based tracking and administration of unmanned operations, etc. Several other factors, including the rising investments to upgrade existing terminals, along with the growing adoption of wireless technologies, are anticipated to further drive the market in the coming years.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd
- Emerson Electric Co.
- Endress+Hauser AG
- General Electric Company
- Honeywell Process Solutions (Honeywell Automation and Control Solutions)
- Larsen & Toubro Limited
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens Aktiengesellschaft
- TechnipFMC Plc
- Yokogawa Electric Corporation
Key Market Segmentation:
Breakup by Offering:
- Hardware
- Control Systems
- Security Systems
- Field Devices
- Trucks and Pipelines
- Others
- Software and Services
Breakup by Project Type:
- Brownfield Projects
- Greenfield Projects
Breakup by Vertical:
- Oil and Gas
- Chemical
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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