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Terminal Management System Market by Offering, Project Type, Vertical, Chemicals, and Geography - Global Forecast to 2023

Terminal Management System Market: Global Forecast until 2023

  • May 2017
  • 158 pages
  • ID: 4930596
In this report:
The production of crude petroleum products of Alberta's oil sands is expected to double from 2012 to 2015 from ##.## million barrels per day to ##.## million barrels per day.
The initiatives taken by the Government of UAE to expand the oil production by up to ##% by 2020 is a key factor contributing to the growth of terminal management system market in the Middle East.

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"The terminal management system market is estimated to rise at a compound annual growth rate of ~5.9 percent between 2017 and 2023"

The terminal management system market was estimated at $725.50M in 2016 and is forecasted to reach $1097.70M by 2023, at a compound annual growth rate (CAGR) of ~5.9 percent between 2017 and 2023. A few main factors driving the sector contain integrated safety and security solutions to improve the level of automation at a terminal and increased use of centralized systems for standardization of terminal operations. Nevertheless, the lack of technical expertise is a restraining factor for this sector.

"The industry for services is anticipated to increase at an important rate during the outlook period"

The sector for services is anticipated to rise at an important rate during the forecast period due to the increasing awareness for installing automation solutions and the need for providing services, including training and maintenance, to enhance the operational efficiency of terminals and make them more efficient.

"Chemicals vertical in the terminal management system market is anticipated to grow at the highest level rate during the estimate period"

The industry for chemicals vertical is anticipated to grow at the maximal rate during the outlook period. The top reason providing to the increase of the chemicals vertical in the terminal management system market is the increasing need for developing potential digital technologies for capitalization and value creation.

Following is the breakdown of primary participants' industry profiles by distinct parameters:

• By Company category: Tier 1 - 33.0 percent, Tier 2 - 50.0 percent, and Tier 3 - 17.0 percent

• By Description: C-suite - 50.0 percent, Directors - 33.0 percent, and Others - 17.0 percent

• By Area: Americas - 50.0 percent, EU - 17.0 percent, Asia-Pacific - 33.0 percent

The top players operating in the sector contain ABB Ltd. (NYSE:ABB), Honeywell (NYSE:HON), Siemens (SIA), Yokogawa Electric (TYO:6841), and Schneider Electric (SU).

Segment Research

Segments including offering, project type, vertical, and territory have been covered in this business report. The analysis affords a in-depth view of the market across four main regions-Americas, Europe (EU), Asia-Pac, and RoW (comprising the Middle East (ME) and African continent). The value chain study has been included in the market research, together with the strategic benchmarking.

Why Purchasing This Study Can Help You:

• this business report includes statistics pertaining to the terminal management system market by offering, project type, vertical, and area.

• The value chain study and strategic benchmarking approved by market actors have been provided for the terminal management system market.

• The main drivers, market restraints, opportunities, and alternatives for the terminal management system market have been provided in detail in this industry report.

• The report includes figures of segmentation, review, and estimate for the terminal management system market established on its segments and sub-segments.

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