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Terminal Automation Market 2021 Global Market Growth, Size, Share, Demand, Trends and Forecasts to 2026

Global Terminal Automation Market 2021 Report provides an Proficient analysis of the Terminal Automation Market including deep description of market sizing and growth, value, the key opportunities in the Terminal Automation Market and outlines the factors that are and will be driving the growth of the industry taking into consideration the previous growth patterns with Forecast Period 2021-2026.

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The Terminal Automation Market report provides insight into main drivers, challenges, opportunities and risk of the market and strategies of suppliers. Key players are profiled as well with their market shares in the global Terminal Automation Market discussed. Overall, this report covers the historical situation, present status and the future prospects.Additionally, the worldwide market is segmented based on type, application, deals, and area. It contains numbers, regions, revenue, and offers just as the thorough computation of the business chain structure, opportunities, industry news analysis. The application portion shows the employments of the product.

The Terminal Automation Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume.

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About Terminal Automation Market:

Terminal automation is a supervisory software system that can automate manual processes in a terminal. It bridges the gap between Enterprise Resource Planning (ERP) and Supervisory Control and Data Acquisition (SCADA). According to , the market for global terminal automation market is expected to grow by over 5% CAGR during the market forecast period (2021-2025).

The market for global terminal automation is being driven by the cost benefits offered by terminal automation and the increasing regulatory requirements and environmental obligations in the terminal industry. In 2019, it was found that across the globe only 66 container terminals were automated or semi-automated. The presence of automated operations in the terminals is very low. This number is likely to reach 90+ by mid-2021. Terminal operators are moving towards automation as it offers them benefits including lower energy consumption and emissions, a safer working environment, and reduced insurance costs. The labor costs and overall profits can also be optimized with the implementation of terminal automation. In addition to the benefits offered by terminal automation, the market is also being driven by the existing challenges from manual-based terminals. About 90% of the world throughput is controlled by the top 21 global terminal operators. Some of the major operators include COSCO, PSA International, APM Terminals, Hutchison Ports DP World, Terminal Investment Limited, China Merchants Ports CMA CGM, SSA Marine, and ICTSI among others. The increasing focus on safety coupled with shortage and cost of trained labor is pushing the terminals towards automation. This trend is likely to continue during the forecast period. The focus for optimal space utilization is also driving the terminal automation sales. The outbreak of the COVID 19 pandemic has made the terminal operators realize the importance of automation and digitalization to increase resilience to any similar future shocks. There is a significant need for the automation of terminals in developing economies. For instance, in India, there are over 20 container terminals but none of these is fully automated. There exists a high potential for the implementation of automation in the existing terminals. Automation helps in avoiding congestions and decreases storage charges and reduces demurrage & detention at the terminals. Terminal operators are keen on automated systems that improve the productivity and efficiency of the terminal by handling larger vessels with greater holding capacities. Accordingly, the widespread adoption of terminals for blending, storing, and handling biofuels is boosting market growth. Even though the initial investment to automate terminals is highly expensive, it is suggested that the investment is worth the cost reductions to come in the future. The other benefits such as minimal error, enhanced profits, and a small workforce offered by the automation process are likely to continue to drive the market for terminal automation in the coming years. According to Chen Wuyuan, the president of Shanghai International Port Group, “The automated terminals not only increases the port’s handling efficiency but also reduces carbon emissions by up to 10 percent”. However, the high initial setup costs, the threat of cyber attacks, and opposition by local labor unions in developing economies are likely to restrain the market growth during the forecast period.

There has been a reluctance among the terminal operators towards automation and the allocated CAPEX has been very low. However, with the outbreak of the COVID-19 pandemic, there has been a realization regarding the importance and benefits of semi or full automation. The manufacturers and terminal operators increased their emphasis on the importance of automation and remote operating conditions. Post COVID-19 pandemic, there is a high possibility of the implementation of shortened supply chains to reduce the concentration of dependency. This trend of shortening of supply chains is likely to add in more terminals on small scale to meet the requirements. The terminal operators are also planning to prepare for the automation to tackle any such similar events in the future. Business systems integration, inventory management, supervisory management (HMI/ SCADA), transaction management, and reporting are the most common functionalities, besides terminal management itself, that are integrated within a terminal automation system (TAS), a software, basically.

In terms of geography, Asia Pacific(APAC) is anticipated to witness the fastest growth rate in the forecast period, supported by the planned investments in countries including India and China. For instance, in India, the government plans to build 11 terminals over the next seven years. Some of these include Indian Oil Corp’s Ennore terminal in Tamil Nadu, JV between Gujarat State Petroleum Corp (GSPC) and Adani Group at Mundra, Western India, and Jaigarh terminal by H-Energy among others. Currently, China has a presence of 7 world’s top 10 ports by container, cargo throughput, and the country’s port construction has developed significantly in recent years. China has 2,530 berths in coastal ports capable of docking ships with a displacement of at least 10,000 metric tons, and the port investment during the period 2016-2020 is around USD 56 billion. China owns the technology of constructing intelligent ports as a batch of unmanned ports have come into reality, such as the fourth phase of Shanghai Yangshan Deep Water Port and the Xiamen Ocean Gate Container Terminal. Southeast Asia is also expected to witness a growth in the establishment of oil storage terminals.

The global market for terminal automation is led by key players including ABB Ltd., Honeywell International Inc., Siemens AG, Rockwell Automation Inc., and Schneider Electric among others.

Our Global Terminal Automation Market report provides deep insight into the terminal automation market’s current and future state across various regions. The study comprehensively analyzes the terminal automation market by segments based on Project Type (Brownfield, Greenfield), Vertical (Chemical, Oil & Gas, and Others), Offering (Software & Services, Hardware), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market trend, market analysis, market dynamics, market opportunity along with the impact of Covid-19 on the market growth in detail. The research report covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market share and projects.

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This report provides detail analysis of the market and have a comprehensive understanding of the Terminal Automation market and its commercial landscape. Learn about the various market strategies that are being adopted by leading companies.It provides a five-year forecast assessed based on how the Terminal Automation market is predicted to grow.It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.To understand the future scope and outlooks for the Terminal Automation market.Terminal Automation Market Forecast by regions, type and application, with sales and revenue, from 2021.Terminal Automation Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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Detailed TOC of Global Syngas Market Outlook to 2026

 

1 Executive Summary

2 Research Scope and Methodology

2.1 Aim & Objective of the study

2.2 Market Definition

2.3 Study Information

2.4 General Study Assumptions

2.5 Research Phases

3 Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.2.1 Drivers

3.2.2 Restraints

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Raw Material Analysis

3.6 Regulatory Policies

4 Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter’s Five Forces Analysis

4.2.1 Competition in the Industry

4.2.2 Potential of New Entrants into the Industry

4.2.3 Bargaining Power of Suppliers

4.2.4 Bargaining Power of Consumers

4.2.5 Threat of substitute products

5 Market Segmentation & Forecast

5.1 By Type

5.4 By Application

6 Regional Market Analysis

6.1 North America

6.1.1 United States

6.1.2 Canada

6.1.3 Mexico

6.2 Europe

6.2.1 United Kingdom

6.2.2 Germany

6.2.3 Italy

6.2.4 France

6.2.5 Russia

6.2.6 Nordic Countries

6.2.7 Rest of Europe

6.3 Asia-Pacific

6.3.1 China

6.3.2 India

6.3.3 Japan

6.3.4 South Korea

6.3.5 ASEAN Countries

6.3.6 Rest of Asia-Pacific

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle East & Africa

6.5.1 South Africa

6.5.2 Saudi Arabia

7 Key Company Profiles

8 Competitive Landscape

8.1 List of Notable Players in the Market

8.2 M&A, JV, and Agreements

8.3 Market Share Analysis

8.4 Strategies of Key Players

9 Conclusions and Recommendations

  

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