Friday 5 February 2016, Amsterdam
The report, available on ASDReports, recognizes the following companies as the key players in the Global Terminal Automation Market: Honeywell International, Emerson Electric, ABB, Schneider Electric and Rockwell Automation.
Other Prominent Vendors in the market are: Siemens, General Electric, Yokogawa Electric, Cimation, Endress+Hauser, FMC Technology, and Invensys.
Commenting on the report, an analyst said: “DCS is the most popular terminal automation solution in the oil, gas, chemicals, and petrochemicals industries. The technology enables end-users to manage and calibrate complex industrial processes. PLC-based solutions have achieved remarkable upgrades in the last five years in step with the latest trends and technological advances, and are gaining popularity in the automation market as well.”
According to the report, most of the infrastructure in brownfield projects, such as pipeline connections, tanker berths, high-tech LNG storage tanks, roads and other components, are already in place. Terminal automation can enhance brownfield projects to increase overall productivity by executing operations methodically, thus conserving both time and energy.
Further, the report states that the high costs involved in automation and the comparatively satisfactory results obtained from low-cost traditional systems hinder the adoption of automation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
ASDReports.com contact: S. Koomen
ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216
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