The Terminal Automation Market size was estimated at USD 7.35 billion in 2022 and is expected to reach USD 11.19 billion by 2030 at a CAGR of 5.40% during the forecast period of 2023-2030.
The increasing number of terminal operations throughout the world has increased market demand for terminal automation. The implementation of such a system considerably improves the efficiency and performance of terminal operations, providing a market boost. The increased global demand for oil and gas has resulted in the creation and upgrading of terminal infrastructure, which has aided Vertical growth. Real-time safety warnings, automated data collection, tank farm automation, unique visuals and user interfaces, and product movement tracking are giving future development potential in the oil and gas sector.
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Certain obstacles and hurdles would impede the overall terminal automation market's expansion. Stringent rules and lengthy time frames for regulatory clearances are impeding Vertical expansion. Furthermore, the chemical Vertical's delayed recovery has stifled the growth of the terminal automation system market.
MARKET DYNAMICS
DRIVER
Increasing efficiency demand, expanding trade activities, and safety and security concerns.
Terminal automation systems are used to increase the efficiency and productivity of terminal operations, reduce turnaround times, and optimize resource use. As the global trade sector grows, so does the demand for terminal automation systems to handle the growing amount of freight and merchandise. Automation systems' enhanced safety and security features encourage their use at terminals to prevent accidents and theft.
RESTRAIN
Integration Difficulties and Cybersecurity Threats.
It can be difficult and time-consuming to integrate automation systems with current infrastructure and technology. As terminals become increasingly automated, they become more vulnerable to hackers, necessitating strong cyber security precautions.
OPPORTUNITY
Technological Progress
Environmental Rules and Regulations
Technology advancements like IoT, AI, and machine learning provide prospects for greater automation and data analytics in terminals. Environmental laws are putting pressure on terminals to embrace greener, more efficient automation systems.
CHALLENGES
Market Competence
Regulations are changing
The terminal automation Vertical is competitive, with several competitors providing comparable solutions, resulting in pricing pressures. Evolving rules and standards in the shipping and logistics business can make compliance and system improvements difficult.
IMPACT OF RUSSIA-UKRAINE WAR
Russia-Ukraine War Influence, the worldwide market for terminal automation in oil and gas, is expected to reach a revised value of USD 1304.6 million by 2028, rising at a CAGR of 6.9 percent during the forecast period of 2022–2028. Growing demand for liquefied natural gas, along with excess oil and gas production in some parts of the world, especially North America, has resulted in a greater emphasis on the building of storage facilities across the world. As a result, increased investment in the building of oil and gas terminals is expected throughout the projection period. This, together with the current demand-supply dynamic, is likely to drive revenue growth in the worldwide oil and gas terminal automation market during the next ten years.
IMPACT OF ONGOING RECESSION
Disruptions in the Supply Chain Recessions can disrupt supply chains, producing changes in cargo handling needs at ports and potentially impacting automation system usage. Financial Constraints During a recession, terminal operators may encounter financial difficulties, making it harder to fund automation improvements or expansions. Companies in the terminal automation sector may experience higher competition for fewer projects, thus hurting price and profit margins. Regulatory Modifications Governments may enact new rules or regulations to aid economic recovery, which may have an influence on the terminal automation business.
By Offering
Hardware
Software & Services
By Project type
Brownfield projects
Greenfield projects
By Vertical
Oil & Gas
Chemical
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
China is expected to be one of the top participants in the worldwide terminal automation industry by the end of the forecast period, with a market value of $2.9 billion. The country has a significant need for terminal automation systems, which is being driven by increasing industrialization, increased infrastructure development expenditures, and the need to enhance efficiency in port and terminal operations, with a CAGR of 5.5%. The government's objective of improving logistics and supply chain integration helps market expansion.
By 2033, the terminal automation sector in the United Kingdom is anticipated to be worth $279.2 million. Despite a relatively low growth rate of 2.6%, the government places great emphasis on enhancing terminal operations through automation. The emphasis on lowering carbon emissions, optimizing supply chain management, and improving overall operational reliability in logistics and transportation are factors driving this development sector.
The major key players are ABB Lid., Honeywell International Inc., Siemens AG, Yokogawa Electric Corporation, Rockwell Automation Inc., Schneider Electric, Emerson Electric Co., Endress+Hauser Management AG., TechnipFMC plc, Implico Group, others.
Siemens AG-Company Financial Analysis
RECENT DEVELOPMENTS
Eaton and CyberArk: In August 2022, will collaborate to strengthen the security of utility transmission and distribution systems and networks. This collaboration offers fully automated solutions to help utilities ease a critical component of cybersecurity compliance for current grid automation systems.
Schneider Electric and Hitachi Energy: In June 2022, Schneider Electric and Hitachi Energy will collaborate to accelerate the adoption of sustainable and smart energy management technologies. As a result of this collaboration, both companies' medium- and high-voltage product portfolios will be expanded, giving consumers additional options.
| Report Attributes | Details |
| Market Size in 2022 | US$ 7.35 Bn |
| Market Size by 2030 | US$ 11.19 Bn |
| CAGR | CAGR of 5.40% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (Hardware, Software & Services) • By Project type (Brownfield projects, Greenfield projects) • By Vertical (Oil & Gas, Chemical, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | ABB Lid., Honeywell International Inc., Siemens AG, Yokogawa Electric Corporation, Rockwell Automation Inc., Schneider Electric, Emerson Electric Co., Endress+Hauser Management AG., TechnipFMC plc, Implico Group |
| Key Drivers | • Increasing efficiency demand, expanding trade activities, and safety and security concerns. Terminal automation systems are used to increase the efficiency and productivity of terminal operations, reduce turnaround times, and optimize resource use. As the global trade sector grows, so does the demand for terminal automation systems to handle the growing amount of freight and merchandise. Automation systems' enhanced safety and security features encourage their use at terminals to prevent accidents and theft. |
| Market Challenges | • Market Competence • Regulations are changing The terminal automation Vertical is competitive, with several competitors providing comparable solutions, resulting in pricing pressures. Evolving rules and standards in the shipping and logistics business can make compliance and system improvements difficult. |
Ans: The Terminal Automation Market is expected to grow at a CAGR of 5.21% from 2023 to 2030.
Ans: The Terminal Automation Market is anticipated to reach USD 11.1 billion By 2030.
Terminal automation systems aid in enhancing efficiency, improving accuracy, lowering personnel and operating costs, improving safety, and simplifying regulatory compliance. These elements are significantly responsible for the terminal automation market's expansion.
The leading participants in the ABB Lid., Honeywell International Inc., Siemens AG, Yokogawa Electric Corporation, and Rockwell Automation Inc.
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Terminal Automation Market, By Offering
8.1 Hardware
8.2 Software & Services
9. Terminal Automation Market, By Project type
9.1 Brownfield projects
9.2 Greenfield projects
10. Terminal Automation Market, By Vertical
10.1 Oil & Gas
10.2 Chemical
10.3 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Terminal Automation Market by Country
11.2.2North America Terminal Automation Market by Offering
11.2.3 North America Terminal Automation Market by Project type
11.2.4 North America Terminal Automation Market by Vertical
11.2.5 USA
11.2.5.1 USA Terminal Automation Market by Offering
11.2.5.2 USA Terminal Automation Market by Project type
11.2.5.3 USA Terminal Automation Market by Vertical
11.2.6 Canada
11.2.6.1 Canada Terminal Automation Market by Offering
11.2.6.2 Canada Terminal Automation Market by Project type
11.2.6.3 Canada Terminal Automation Market by Vertical
11.2.7 Mexico
11.2.7.1 Mexico Terminal Automation Market by Offering
11.2.7.2 Mexico Terminal Automation Market by Project type
11.2.7.3 Mexico Terminal Automation Market by Vertical
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Terminal Automation Market by Country
11.3.1.2 Eastern Europe Terminal Automation Market by Offering
11.3.1.3 Eastern Europe Terminal Automation Market by Project type
11.3.1.4 Eastern Europe Terminal Automation Market by Vertical
11.3.1.5 Poland
11.3.1.5.1 Poland Terminal Automation Market by Offering
11.3.1.5.2 Poland Terminal Automation Market by Project type
11.3.1.5.3 Poland Terminal Automation Market by Vertical
11.3.1.6 Romania
11.3.1.6.1 Romania Terminal Automation Market by Offering
11.3.1.6.2 Romania Terminal Automation Market by Project type
11.3.1.6.4 Romania Terminal Automation Market by Vertical
11.3.1.7 Turkey
11.3.1.7.1 Turkey Terminal Automation Market by Offering
11.3.1.7.2 Turkey Terminal Automation Market by Project type
11.3.1.7.3 Turkey Terminal Automation Market by Vertical
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Terminal Automation Market by Offering
11.3.1.8.2 Rest of Eastern Europe Terminal Automation Market by Project type
11.3.1.8.3 Rest of Eastern Europe Terminal Automation Market by Vertical
11.3.2 Western Europe
11.3.2.1 Western Europe Terminal Automation Market by Offering
11.3.2.2 Western Europe Terminal Automation Market by Project Type
11.3.2.3 Western Europe Terminal Automation Market by Vertical
11.3.2.4 Germany
11.3.2.4.1 Germany Terminal Automation Market by Offering
11.3.2.4.2 Germany Terminal Automation Market by Project Type
11.3.2.4.3 Germany Terminal Automation Market by Vertical
11.3.2.5 France
11.3.2.5.1 France Terminal Automation Market by Offering
11.3.2.5.2 France Terminal Automation Market by Project type
11.3.2.5.3 France Terminal Automation Market by Vertical
11.3.2.6 UK
11.3.2.6.1 UK Terminal Automation Market by Offering
11.3.2.6.2 UK Terminal Automation Market by Project Type
11.3.2.6.3 UK Terminal Automation Market by Vertical
11.3.2.7 Italy
11.3.2.7.1 Italy Terminal Automation Market by Offering
11.3.2.7.2 Italy Terminal Automation Market by Project Type
11.3.2.7.3 Italy Terminal Automation Market by Vertical
11.3.2.8 Spain
11.3.2.8.1 Spain Terminal Automation Market by Offering
11.3.2.8.2 Spain Terminal Automation Market by Project Type
11.3.2.8.3 Spain Terminal Automation Market by Vertical
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Terminal Automation Market by Offering
11.3.2.9.2 Netherlands Terminal Automation Market by Project Type
11.3.2.9.3 Netherlands Terminal Automation Market by Vertical
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Terminal Automation Market by Offering
11.3.2.10.2 Switzerland Terminal Automation Market by Project Type
11.3.2.10.3 Switzerland Terminal Automation Market by Vertical
11.3.2.11.1 Austria
11.3.2.11.2 Austria Terminal Automation Market by Offering
11.3.2.11.3 Austria Terminal Automation Market by Project Type
11.3.2.11.4 Austria Terminal Automation Market by Vertical
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Terminal Automation Market by Offering
11.3.2.12.2 Rest of Western Europe Terminal Automation Market by Project Type
11.3.2.12.3 Rest of Western Europe Terminal Automation Market by Vertical
11.4 Asia-Pacific
11.4.1 Asia-Pacific Terminal Automation Market by Country
11.4.2 Asia-Pacific Terminal Automation Market by Offering
11.4.3 Asia-Pacific Terminal Automation Market by Project Type
11.4.4 Asia-Pacific Terminal Automation Market by Vertical
11.4.5 China
11.4.5.1 China Terminal Automation Market by Offering
11.4.5.2 China Terminal Automation Market by Project Type
11.4.5.3 China Terminal Automation Market Vertical
11.4.6 India
11.4.6.1 India Terminal Automation Market by Offering
11.4.6.2 India Terminal Automation Market by Project Type
11.4.6.3 India Terminal Automation Market by Vertical
11.4.7 Japan
11.4.7.1 Japan Terminal Automation Market by Offering
11.4.7.2 Japan Terminal Automation Market by Project Type
11.4.7.3 Japan Terminal Automation Market by Vertical
11.4.8 South Korea
11.4.8.1 South Korea Terminal Automation Market by Offering
11.4.8.2 South Korea Terminal Automation Market by Project Type
11.4.8.3 South Korea Terminal Automation Market by Vertical
11.4.9 Vietnam
11.4.9.1 Vietnam Terminal Automation Market by Offering
11.4.9.2 Vietnam Terminal Automation Market by Project Type
11.4.9.3 Vietnam Terminal Automation Market by Vertical
11.4.10 Singapore
11.4.10.1 Singapore Terminal Automation Market by Offering
11.4.10.2 Singapore Terminal Automation Market by Project Type
11.4.10.3 Singapore Terminal Automation Market by Vertical
11.4.11 Australia
11.4.11.1 Australia Terminal Automation Market by Offering
11.4.11.2 Australia Terminal Automation Market by Project Type
11.4.11.3 Australia Terminal Automation Market by Vertical
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Terminal Automation Market by Offering
11.4.12.2 Rest of Asia-Pacific Terminal Automation Market by Project Type
11.4.12.3 Rest of Asia-Pacific Terminal Automation Market by Vertical
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Terminal Automation Market by Country
11.5.1.2 Middle East Terminal Automation Market by Offering
11.5.1.3 Middle East Terminal Automation Market by Project Type
11.5.1.4 Middle East Terminal Automation Market by Vertical
11.5.1.5 UAE
11.5.1.5.1 UAE Terminal Automation Market by Offering
11.5.1.5.2 UAE Terminal Automation Market by Project Type
11.5.1.5.3 UAE Terminal Automation Market by Vertical
11.5.1.6 Egypt
11.5.1.6.1 Egypt Terminal Automation Market by Offering
11.5.1.6.2 Egypt Terminal Automation Market by Project Type
11.5.1.6.3 Egypt Terminal Automation Market by Vertical
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Terminal Automation Market by Offering
11.5.1.7.2 Saudi Arabia Terminal Automation Market by Project Type
11.5.1.7.3 Saudi Arabia Terminal Automation Market by Vertical
11.5.1.8 Qatar
11.5.1.8.1 Qatar Terminal Automation Market by Offering
11.5.1.8.2 Qatar Terminal Automation Market by Project Type
11.5.1.8.3 Qatar Terminal Automation Market by Vertical
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Terminal Automation Market by Offering
11.5.1.9.2 Rest of Middle East Terminal Automation Market by Project Type
11.5.1.9.3 Rest of Middle East Terminal Automation Market by Vertical
11.5.2 Africa
11.5.2.1 Africa Terminal Automation Market by Country
11.5.2.2 Africa Terminal Automation Market by Offering
11.5.2.3 Africa Terminal Automation Market by Project Type
11.5.2.4 Africa Terminal Automation Market by Vertical
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Terminal Automation Market by Offering
11.5.2.5.2 Nigeria Terminal Automation Market by Project Type
11.5.2.5.3 Nigeria Terminal Automation Market by Vertical
11.5.2.6 South Africa
11.5.2.6.1 South Africa Terminal Automation Market by Offering
11.5.2.6.2 South Africa Terminal Automation Market by Project Type
11.5.2.6.3 South Africa Terminal Automation Market by Vertical
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Terminal Automation Market by Offering
11.5.2.7.2 Rest of Africa Terminal Automation Market by Project Type
11.5.2.7.3 Rest of Africa Terminal Automation Market by Vertical
11.6 Latin America
11.6.1 Latin America Terminal Automation Market by Country
11.6.2 Latin America Terminal Automation Market by Offering
11.6.3 Latin America Terminal Automation Market by Project Type
11.6.4 Latin America Terminal Automation Market by Vertical
11.6.5 Brazil
11.6.5.1 Brazil Terminal Automation Market by Offering
11.6.5.2 Brazil Terminal Automation Market by Project Type
11.6.5.3 Brazil Terminal Automation Market by Vertical
11.6.6 Argentina
11.6.6.1 Argentina Terminal Automation Market by Offering
11.6.6.2 Argentina Terminal Automation Market by Project Type
11.6.6.3 Argentina Terminal Automation Market by Vertical
11.6.7 Colombia
11.6.7.1 Colombia Terminal Automation Market by Offering
11.6.7.2 Colombia Terminal Automation Market by Project Type
11.6.7.3 Colombia Terminal Automation Market by Vertical
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Terminal Automation Market by Offering
11.6.8.2 Rest of Latin America Terminal Automation Market by Project Type
11.6.8.3 Rest of Latin America Terminal Automation Market by Vertical
12. Company profile
12.1 ABB Lid
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Offering/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Honeywell International Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Offering/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Siemens AG
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Offering/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Yokogawa Electric Corporation
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Offering/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Rockwell Automation Inc.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Offering/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Schneider Electric
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Offering/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Emerson Electric Co.
12.7.2 Financials
12.7.3 Offering/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Endress+Hauser Management AG
12.7.1 Company Overview
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Offering/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 TechnipFMC plc
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Offering/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Implico Group
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Offering/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Vertical News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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