Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

Oil and Gas Terminal Automation Market to Account for Approximately US$ 1,693 Mn Revenues by (2016- 2026)

Published by Uma Rajagopal

Posted on January 20, 2022

Featured image for article about Research Reports

According to a recent market report titled “Oil and Gas Terminal Automation Market: Global Industry Analysis and Opportunity Assessment, 2016-2026” published by Future Market Insights, revenue from the global oil and gas terminal automation market is estimated to be valued at US$ 850 Mn in 2016. It is projected to exhibit 7.1% value CAGR during 2016-2026, and is forecast to be valued at US$ 1,693 Mn by 2026 end. The market is expected to witness nearly 2X growth between 2016 and 2026.

Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-197

Growing need for liquefied natural gas, coupled with surplus oil and gas production in certain regions of the globe including North America has resulted in increasing focus on development of storage terminals across the globe. Accordingly, increase in investment towards development of oil and gas terminals is likely to be witnessed during forecast period. This, along with the existing demand-supply scenario is expected to boost revenue growth of the global oil and gas terminal automation market in the next 10 years. Growing emphasis on adoption of Wireless technology and Internet of Things (IoT) based terminal automation systems is anticipated to be witnessed during forecast period.

Growing concerns pertaining to cyber security and safety coupled with relatively higher initial capital investment associated with building a completely automated oil and gas terminal are likely to serve as impediments to growth of the global oil and gas terminal automation market between 2016 and 2026.

On the basis of categories, the global oil and gas terminal automation market is segmented into:

By Hardware

ATG
Blending Controllers
SCADA
PLC
DCS
HMI
Safety; Security & Others

By Software

Terminal & Inventory Management
Business System Integration
Transaction Management
Reporting
Others

By Services

Commissioning
Consulting Services
Project Management
Operations Services
Training Services

Segmentation highlights

Global oil and gas terminal automation market has been categorically divided into key market segments based on category and regions. On the basis of category, the market has been segmented into software, hardware, and services segments. These in turn are divided into key sub-segments.

The Software category segment is projected to dominate the global oil and gas terminal automation market during the forecast period, accounting for a market share of nearly 38% in terms of value by the end of 2026. On the other hand, the hardware segment is estimated to witness 7.0% CAGR during forecast period to account for a market share of 33.7% in the overall oil and gas terminal automation market by 2026 end. Within the hardware segment, the HMI segment is likely to witness fast growth during 2016 –2026.

Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-197

Regional projections

The North America and Asia Pacific excluding Japan (APEJ) markets are anticipated to emerge the dominant regional markets in the global oil and gas terminal automation market throughout the assessed period. Asia Pacific is estimated to project 8.8% CAGR in the forecast period, 2016–2026. The oil and gas terminal automation market in countries in Eastern Europe is also likely to witness steady growth in the next 10 years.

Vendor insights

The global oil and gas terminal automation market is dominated by a few top market companies such as Honeywell International Inc., Emerson Electric Co., ABB Group, Rockwell Automation, Inc., Yokogawa Electric Corporation, Siemens AG, FMC Technologies, Inc., and Schneider Electric SE. Certain key market companies are increasingly focussing on acquiring smaller players with specialised offerings – for instance, wireless technology based advanced systems – to better cater to the steadily growing global market demands so as to gain an edge over competition.

Purchase the Report : https://www.futuremarketinsights.com/checkout/197

Explore FMI’s Extensive Coverage on Industrial Automation Domain

Bridge Bearings Market : Bridge Bearings by Material Type (Steel and Rubber & Combined), Design Type (Elastomeric Bearings, Pot Bearings, Sliding Plate Bearings, Roller Bearings, Spherical Bearings, Disc Bearings and Others) and Region- Market Forecast 2022-2028

Busbars Market : Busbars Market by Conductor Type (Copper and Aluminum), Power Rating (Low, Medium and High), End User (Residential, Commercial and Industrial) and Region- Forecast 2022-2028

Machine Tool Touch Probe Market : Machine Tool Touch Probe Market By Probe Type (3D Touch Probes, 2D Spindle Probes, Tool-Length Measuring Probes, Tool Touch-off Probes), Transmission (Infrared, Radio, Hard Wired), Machine Type (CNC Machining Center, CNC Turning Center and Others) End Use (Automotive, Defense & Aerospace, Electronic, General Machining, Medical, Petrochemical and Others) & Region – Forecast 2022 – 2028

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: mailto:sales@futuremarketinsights.com

For Media Enquiries: mailto:press@futuremarketinsights.com

Website: https://www.futuremarketinsights.com/