Global Terminal Automation Market 2016-2020

Overview of the global terminal automation market

A loading terminal offers centralized and systematic control over bulk loading terminal operations and helps to store industrial products that are received from cross-country pipelines, railways, ships, and trucks. Terminal automation technology is the most cost efficient and practical solution for enhancing the overall performance. Benefits such as its ability to boost efficiency, safety, and reduce the burden of compliance will result in this market’s steady CAGR of over 6% during the forecast period.

Technavio’s market research analyst has estimated eminent factors, such as the rising need to improve efficiency with cost control, to impel market growth during the forecast period. Automation strategies, such as terminal automation, have revolutionized processes like loading, unloading, and distribution of produce in terms of security, safety, and productivity. Consequently, these strategies are being used across all industrial sectors to enhance their existing systems. Its ability to improve transport feasibility and efficiency, conserve energy, and allow real-time supervision and monitoring, especially in inaccessible and hazardous areas, will result in its augmented adoption during the predicted period.

Segmentation by end user and analysis of the terminal automation market

• Cement
• Oil and gas
• Chemicals and petrochemicals