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BerichtGeplaatst: 27-09-2019 04:23:42    Onderwerp: Terminal automation market in AP Reageren met citaat
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Terminal Automation Market Study Trends, Growth Factors and Forecast 2022

by Miller@21 · February 18, 2019

According to this market research report “Terminal Automation Market by Offering (Hardware (SCADA, PLC, Security System, Field Devices, Tank Loading Area) Rickard Rakell Sweden Jersey , Software & Services),Project Type (Brownfield, and Greenfield), Vertical, and Geography – Global Forecast to 2022″, the terminal automation market was valued at USD 3.82 Billion in 2016 and is expected to reach USD 5.21 Billion by 2022 at a CAGR of 5.15% between 2017 and 2022.



Tank loading area expected to witness high growth rate during the forecast period

The tank loading area includes trucks, pipelines Carl Soderberg Sweden Jersey , railways and roads, tankers, river navigation, barges, rail tankers, and tanker trucks. The major factor driving the growth of automated trucks in the terminal automation brownfield market is the need for low-cost operations and reduction in labor dependency.


Get Free 10% Customization @ Chemical vertical of the terminal automation market expected to grow at a higher CAGR between 2017 and 2022

The key reason contributing to the growth of chemical vertical in the terminal automation market is the need for developing the potential of digital technologies for capitalization and value creation. Also, companies are investing in a number of projects related to automating chemical terminals.

For instance Jakob Silfverberg Sweden Jersey , in February 2014, Honeywell International Inc. (US) launched Fusion4 MSC-L, a multi-stream controller for loading products from refineries and chemical plants into transport vehicles such as railcars, tankers, and barges. It has multiple features such as explosion proof design, expandable IOs, and start-up time of less than one minute.

Terminal automation market in APAC likely to grow at a higher CAGR during the forecast period

The terminal automation market in APAC is driven by the increase in the number of terminal automation projects in countries such as India Henrik Sedin Sweden Jersey , Malaysia, and the Philippines. Honeywell International Inc. (US) received a contract from Vietnam Oil and Gas Group (Vietnam) to provide professional consulting services and advice to the company and its subsidiaries for future investment projects.

Major players operating in the terminal automation market include A. Cheap Jerseys From China Cheap Jerseys From China Wholesale Jerseys Free Shipping Cheap NFL Jerseys Cheap NFL Jerseys Wholesale NFL Jerseys Wholesale NFL Jerseys China Wholesale Football Jerseys Wholesale NFL Jerseys Free Shipping Cheap NCAA Jerseys
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