Oil and Gas Terminal Automation Market is Estimated to Be Worth $4.4 Billion at a CAGR of 8.91% by 2020

Factors like the growing concern on safety, security & accuracy at the terminal areas, updating of the old terminals to automated terminals, increasing interest in advanced operational activities, and the need to integrate the entire terminal system are acting as supplements that project a healthy growth of the terminal automation market in oil and gas. (http://www.marketsandmarkets.com/Market-Reports/oil-gas-terminal-automation-market-37561320.html)

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Key Players: ABB Ltd (Switzerland), Emerson electric company ( U.S.), Endress+Hauser AG (Switzerland), General Electric (U.S.), Honeywell process solution (U.S.), Invensys(U.K.),Larsen & Toubro (India)

(PRWEB) June 01, 2014

According to a new market research report "Oil and Gas Terminal Automation Market by Product (DCS, SCADA, PLC, HMI, Process Safety System, Automatic Tank Gauging, Blending Controls & Security), Transportation Mode (Truck & Pipeline) & Geography - Analysis & Forecast (2014 - 2020)", by MarketsandMarkets, the Oil & Gas Terminal Automation Market is a expected to reach up to $4.4 billion by 2020 at an estimated CAGR of 8.91%.

Browse 99 market data Tables and 38 Figures spread through 281 Pages and in-depth TOC on "Oil and Gas Terminal Automation Market".
http://www.marketsandmarkets.com/Market-Reports/oil-gas-terminal-automation-market-37561320.html

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Oil and gas terminal automation is known for its ability to manage and analyze data with the aid of its advanced technology. Terminal automation provides various 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. The global terminal automation market is expected to reach up to $4.4 Billion by 2020, at an estimated CAGR of 8.91% from 2014 to 2020.

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This report deals with all the driving factors, restraints, and opportunities for the market. This can be helpful in identifying the trends and key success factors for the industry. The report also profiles the companies that are active in the field of terminal automation in oil and gas. This report provides the competitive landscape of the players, which covers the key growth strategies, followed by all the major players. It also highlights the winning imperatives and burning issues pertaining to this industry. The report includes the entire value chain of the market.

The major companies profiled in this report are, ABB Ltd(Switzerland), Cimation (Texas), Emerson electric company (U.S.), Endress+Hauser AG (Switzerland), FMC technology (U.S.), General Electric (U.S.), Honeywell process solution (U.S.), Invensys Ltd (U.K.), Larsen & Toubro (India), Rockwell Automation Inc. (U.S.), Schneider electric (France) , Siemens AG (Germany), Wipro Ltd (India), and Yokogawa electric corporation (Japan).

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