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Oil and Gas Terminal Automation Market to Reach $4.4 Billion by 2020 – New Report by MarketsandMarkets

This research report categorizes the global terminal automation in oil and gas market on the basis of the products, components, applications, and geography.

(PRWEB) November 23, 2014

The report “Oil and Gas Terminal Automation Market by Product (DCS, SCADA, PLC, HMI, Process Safety System, Automatic Tank Gauging, and Blending Controls & Security), Transportation Mode (Truck & Pipeline) & Geography – Analysis & Forecast (2014 – 2020)” defines and segments the data center automation market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges and opportunities impacting it along with the future roadmaps.

Oil and gas terminal automation is recognized for its ability to manage and analyze data with the aid of its advanced technology. Terminal automation provides a variety of benefits to the oil and gas industry, especially, the betterment of the processes and real time data management. The overall transportation of the oil and gas terminal automation is segmented into two sub segments, which are truck and pipeline. While, geography-wise the market is segmented into Middle East, the Americas (North and South America), Europe, APAC, and ROW.

Oil and gas industry offers fuel that gets consumed by the industrial or domestic users for assorted purposes; thus, to match up with the increasing demand, the oil and gas industry needs terminal automation system, which performs operations in a more faster and efficient way. Terminal automation in Oil and gas market offers a wide array of services like monitoring and evaluating systems at terminals, which are present at remote locations. Monitoring sensors at terminals analyze the execution of operations and transfers the data to the appreciated person. This regulates the entire operations at the terminals. Thus, these operations become error-free by eliminating human interference.

Browse 105 market data tables and 47 figures spread through 254 pages and in-depth TOC on “Oil and Gas Terminal Automation Market – Analysis & Forecast (2014 – 2020)”

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These products offer services which are helpful in improving the terminal operations. The degree of automation can increase with these products, thus, resulting in the increase in the expectations applications of terminal automation. In addition, the modes of transport, like trucks, have many lucrative opportunities in the future; such as, it can add value to the transportation of oil and gas at terminals. The exact locations of consumers can be tapped by trucks; which can be useful to distribute inventories to the consumers. Trucks with advanced technology can increase the degree of safety in transportation. In order to monitor the activity of transportation, concepts such as RFID can be used in trucks for efficient and effective transport.

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There are a few factors, which are heavy the industry of Oil and Gas terminal automation. These factors are – growing concern about safety, security & accuracy at the terminal areas, up gradation of old terminals to automated terminals, rising interest in advanced operational activities, and the need to integrate the entire terminal system. The industry players in this sector can tap these factors to frame a blueprint of their strategies. Value addition can be done by these companies by introducing advanced technologies.

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