2020 Oil and Gas Terminal Automation Market

2014-06-25 28

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The oil and gas terminal automation market is segmented by 'transport' into two categories, which are transportation by -- truck and pipeline. The truck terminals communicate through the inventory systems or any other dedicated system at the terminal plant. On the other hand, the pipeline mode of transport is practiced to transfer inventories like crude oils, natural gas, liquefied natural gas, Liquefied Petroleum Gas (LPG), and petroleum products, among others. The flow of inventory through the pipeline takes place from a well to a refinery and, then, to a terminal and ultimately to the consumer.
Terminal automation in the oil and gas sector provides automatic solutions resulting in faster, error free, and accurate process completion. The global oil and gas terminal automation market is expected to reach $4.4 billion by 2020, at an estimated CAGR of 8.91% from 2014 to 2020.
The oil and gas terminal automation market is also segmented on the basis of the various geographies such as The Middle East, Americas, Europe, Asia-Pacific, and ROW. The Middle East consists of Saudi Arab, Iran, Iraq, UAE, and others. The APAC is segmented into India, China, Japan, South Korea, Indonesia, and 'others'. Meanwhile, the Americas is again sub-segmented into North America and South America. The ROW, in this segmentation, consists of Russia and 'others', while Europe and Africa are the smallest contributors in this market.