Terminal Automation Market in the Oil and Gas Industry- Roadmap for Recovery from COVID-19 | Global Expansion in Oil Terminals to Boost the Market Growth | Technavio
Technavio has been monitoring the terminal automation market in the oil and gas industry and it is poised to grow by USD 481.37 million during 2020-2024, progressing at a CAGR of about 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
Based on segmentation by product, which is the leading segment in the market?
The hardware segment is expected to be the leading segment in the global market during the forecast period.
What are the major trends in the market?
Emergence of IoT and cloud integration is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of about 3%, the incremental growth of the market is anticipated to be USD 481.37 million.
Who are the top players in the market?
ABB Ltd., Emerson Electric Co., Honeywell International Inc., Implico GmbH, Inter Pipeline, Leidos Holdings Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. are some of the major market participants.
What are the key market drivers and challenges?
Global expansion in oil terminals is one of the major factors driving the market. However, the huge capital investment and business downtime restraints the market growth.
How big is the MEA market?
The MEA region will contribute 26% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Emerson Electric Co., Honeywell International Inc., Implico GmbH, Inter Pipeline, Leidos Holdings Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. are some of the major market participants. The global expansion in oil terminals will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Terminal Automation Market in the Oil and Gas Industry 2020-2024: Segmentation
Terminal Automation Market in the Oil and Gas Industry is segmented as below:
Terminal Automation Market in the Oil and Gas Industry 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The terminal automation market in the oil and gas industry report covers the following areas:
Terminal Automation Market Size in the Oil and Gas Industry
Terminal Automation Market Trends in the Oil and Gas Industry
Terminal Automation Market Analysis in the Oil and Gas Industry
This study identifies emergence of IoT and cloud integration as one of the prime reasons driving the terminal automation market growth in the oil and gas industry during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Terminal Automation Market in the Oil and Gas Industry 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist terminal automation market growth in the oil and gas industry during the next five years
Estimation of the terminal automation market size in the oil and gas industry and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the terminal automation market in the oil and gas industry
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of terminal automation market vendors in the oil and gas industry
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
Hardware - Market size and forecast 2019-2024
Software - Market size and forecast 2019-2024
Services - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Market segments
Comparison by Application
Oil terminal - Market size and forecast 2019-2024
Natural gas terminal - Market size and forecast 2019-2024
Market opportunity by Application
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
ABB Ltd.
Emerson Electric Co.
Honeywell International Inc.
Implico GmbH
Inter Pipeline
Leidos Holdings Inc.
Rockwell Automation Inc.
Schneider Electric SE
Siemens AG
Yokogawa Electric Corp.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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