Terminal automation in the oil and gas sector provides automatic solutions resulting in faster, error free, and accurate process completion and Markets and Markets believes that the global oil and gas terminal automation market is expected to reach US$ 4.4 billion by 2020.
In a new report Markets and Markets says that the applications of oil and gas terminal automation are helping the users to practice error free and efficient operations in the oil and gas terminal industry. Automation is the use of information technology and control systems, and replacing the human operator with these systems, in order to control and regulate the processes and instruments. Markets and Markets have said that in today’s scenario, it is hard to imagine the oil and gas production landscape without the automated systems. The oil and gas industry requires massive automation at all stages, right from exploration to distribution.
The new report segments the overall oil and gas terminal market by product and transportation mode. The market consists of products like DCS, SCADA, PLC, HMI, PSS, process safety system, automatic tank gauging, and security. These products cover the overall market of oil and gas terminal automation systems; the offerings of these products does however vary from factorial analysis to process monitoring.
In the report, the market is segmented by transport into two categories, which are transportation by truck and pipeline. Truck terminals communicate through the inventory systems or any other dedicated system at the terminal plant. The pipeline mode of transport is practiced to transfer inventories like crude oils, natural gas, LNG, LPG and petroleum products, as well as others. The flow of inventory through the pipeline takes place from a well to a refinery and then to a terminal and finally the consumer.
Geography also segments the industry. The Middle East consists of Saudi Arabia, Iran, Iraq, UAE, etc. the APAC is segmented into India, China, Japan, South Korea, Indonesia, etc. Meanwhile, the Americas is subsegmented in to North and South America.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/03062014/oil_gas_termainl_automation_report/