Oil and Gas Terminal Automation Market Growth 2014-2020

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.

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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.

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,...