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Opportunities for Terminal Automation in the Oil and Gas Industry
The oil and gas terminal automation consists of all the needful automation processes required at the terminals. The demand of oil and gas is expected to increase in the future. The increased global industrialization and increase in domestic consumption will amplify the demand of oil and gas. In the recent years, various processes at the terminals are expected to get integrated so as to produce more efficient and effective fuel. In addition, various approaches like remote access and remote manipulation of processes may get introduced in this market so as to make up for the changes happening in the macro environment. The implementation of the oil and gas terminal automation technology is one of the easiest and most cost effective ways; in which the possibility of boosting the on-site efficiency is much higher. The fact that many terminals in the oil and gas industry, currently, have a sparse automation in place increases the need of terminal automation in the oil and gas industry.
Americas is the leading geography in the global oil & gas terminal automation market because of the continuous industrialization and increased demand of power. Many opportunities for terminal automation in oil & gas are available in this market. APAC covers various developing countries such as India and China; these countries are the world’s top consumers of fuel. Thus, these countries are making efforts for improving the industrialization. The domestic and power sector of APAC is continuously driving the demand for oil and gas in this region. Thus, APAC also has many opportunities for this market.
Oil and gas terminal automation covers various products such as SCADA, DCS, process safety system, HMI, and many more. These products offer services which are helpful in improving the terminal operations. The degree of automation can increase with these products, thus, resulting in the increase in the future applications of terminal automation. In addition, the modes of transport, like trucks, have many lucrative opportunities in the future; such as, it can add value to the transportation of oil and gas at terminals. The exact locations of consumers can be tapped by trucks; which can be useful to distribute inventories to the consumers. Trucks with advanced technology can increase the degree of safety in transportation. In order to monitor the activity of transportation, concepts such as RFID can be used in trucks for efficient and effective transport.
Oil and gas terminal automation is basically an effort to make terminals error free and automated. Such terminal automations reduce the human contact at the terminals’ crucial points, resulting in an error free approach for supervising or monitoring terminals from the oil and gas industry. The operations of the oil and gas terminal automation specifically focus on two major areas
- Terminal efficiency – Focuses primarily on accuracy, availability, and intelligence of the field devices; while upgrading to the terminal control system interface and algorithms can also make an immediate and significant impact on the terminal efficiency.
- Terminal safety/security – Focuses on alarms, overfill prevention interlocks and reconciliation, all of which play a major role in mitigating risks and safeguarding against major incidents, and help bring facilities in line with the industry regulations.
Oil and gas terminal automation generally uses various products so as to monitor, supervise, and analyze the data across the terminal points. These products are - SCADA, PLC, HMI, PSS, automatic tank gauging process safety system, blending controllers, and security. These products of the oil and gas terminal automations are making these systems reliable and versatile to use. The oil and gas terminal automation industry uses two modes of transport to move the inventories, which are – truck and pipeline.
There are various components that are acting as amplifying factors for this industry. These factors are the driving elements in the market, and are helping this industry to grow in the present situation. The major drivers for the oil and gas terminal automation are - growing concern on safety, security and accuracy at the terminal areas, upgradation of old terminals to automated terminals, increasing interest in advanced operational activities, and the need to integrate the entire terminal system.
Major companies which have been contributing in this market are- ABB Ltd(Switzerland), Cimation ( Texas), Emerson electric company ( U.S.) , Endress+Hauser AG (Switzerland), FMC technology(U.S.) , General Electric (U.S.) ,Honeywell process solution (U.S.), ,Invensys(U.K.),Larsen & Toubro (India),Rockwell Automation Inc.(U.S.), Schneider electric (France) , Siemens AG (Germany) , Wipro LTD (India) , and Yokogawa(Japan).
Oil and Gas Terminal Automation Market by Product (DCS, SCADA, PLC, HMI, Process Safety System, Automatic Tank Gauging, Blending Controls & Security), Transportation Mode (Truck & Pipeline) & Geography - Analysis & Forecast to 2014 - 2020
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