Terminal Automation Systems Market ? Higher Level of Safety and Security Driven?

Posted by RASHMI on March 25th, 2019

Terminal automation systems are a combination of hardware and software, which are utilized for enhanced safety of various types of terminals. A terminal generally refers to storage facilities of products such as oil, gas, and chemicals among others. It can also refer to the distribution centers, from where the products are sent to the point of sales (POS) locations. Oil terminals are usually located near the refineries or in close proximity of docks, from where petroleum products can be discharged by the marine tankers.

Similarly, terminals for chemicals and petrochemicals are also utilized for safe and efficient storage of chemicals, prior to transportation to its desired destinations. Additionally, terminals are also utilized for effective distribution of stored products, via different modes of transportations, such as roadways, railways and marine.

Terminal automation systems market is primarily being driven by the higher level of safety and security provided by these systems. The oil & gas industry, coupled with the chemical industry, is slowly recovering from the recent downturn faced for the past few years. This has been boosting the demand for terminal automation systems offering higher safety, effective management and efficient distribution of these products, as the demand for petroleum products continue to grow at a fast pace globally.

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Additionally, the demand for terminal automation systems is being further boosted by the recent upgrading of Greenfield terminal infrastructure across the globe. Such upgrading has increased the application of various components of terminal automation systems. Furthermore, the growing regulatory stringency, pertaining to environmental concerns and public health hazards, has been further boosting the demand for terminal automation systems.