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GLOBAL TERMINAL AUTOMATION MARKET LATEST RISING TREND AND INDUSTRY GROWTH | HONEYWELL, SCHNEIDER ELECTRIC, EMERSON, VAREC, INC (A LEIDOS COMPANY), ABB, TECHNIPFMC, YOKOGAWA ELECTRIC

This terminal automation market report work with respect to opportunities, challenges, drivers, market structures, and competitive landscape for the clients. This terminal automation report is a complete overview of the market, covering various aspects including product definition, market segmentation based on various parameters, and the prevailing vendor landscape. This terminal automation report is helpful to present you better solutions in terms of product trends, future products, marketing strategy, future events, actions or behaviors. The statistics are represented in graphical format in This terminal automation market report for a clear understanding on facts and figures. Readers will find this report very helpful in understanding the terminal automation market in depth.

Global terminal automation marketis to register a substantial CAGR of 6.50% in the forecast period of 2019-2026. The rise in the market value can be attributed to the increasing labor cost and advanced operational efficacy

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Key Players

Honeywell, Schneider Electric, Emerson, Varec, Inc (a Leidos company), ABB, TechnipFMC, Yokogawa Electric Corporation, Chemtrols Industries Limited, Moffatt & Nichol, PETRONAS Carigali Sdn Bhd, PETRONAS, Implico GmbH, Cimation, Endress+Hauser Group, GE, FMC Technologies, Invensys – Acquired by Schneider Electric, Siemens, Inter Terminals Limited, Vopak, Zebra Technologiesm and others

Some of the Comprehensive Report Insights

To gain information about the top players in this industry, their product portfolios, and their key strategies

Key parameters which are driving this market and restraining its growth

Comprehensive quantitative analysis of the industry is provided for the Forecast period to assist stakeholders to capitalize on the prevailing market opportunities

What all challenges manufacturers will face as well as new opportunities and threats faced by them

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals

Key developments and product launches in the market

Potential and niche segments/regions exhibiting promising growth

Learn about the market strategies that are being adopted by your competitors and leading organizations

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details

Market Segmentation

By Offerings (Hardware, Software & Services),

Project Type (Brownfield projects, Greenfield projects),

Vertical (Oil & Gas, Chemical, Others),

Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

Market Drivers:

  • Increased investment in the production of oil and gas, is leading to the growth of the market
  • The ability to enhance the overall operational efficiency, is helping in the growth of the market
  • Growing demand for environmentally cleaner fuel results in the increased adoption of natural gas, and drives the market growth
  • Adherence to environmental and safety regulations, fosters the growth of the market

Market Restraints:

  • Dependence on the regulatory authority for approval results in project delays, hampers the market growth
  • Relatively slow recovering process of the chemical industry, have been restraining the growth of the market
  • Delay due to dependency on the regulatory authority for allowance, hinders the growth of the market

Key Developments in the Market

In August 2019, Worldwide Terminals Fernandina selects the Octopi TOS which will modernise the infrastructure of its fort. The software is designed to enhance ship scheduling and gate activities and can monitor cargo moving between truck, vessel and rail, share real-time information, and automate procedures such as client billing and inventory. It will modernise as well as expand automation on the terminal infrastructure at the port.

In July 2019, APM Terminals signed an agreement with International Longshore and Warehouse Union (ILWU) for a training program which prepares ILWU mechanics to repair and maintain the equipment of the automation cargo-handling. When APM comes in Los Angeles, the device will be deployed on a 100-acre parcel of its container terminal. It is the opportunity for the ILWU to upskill their workers.

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