What Has Been The Evolution of the Terminal Automation Market in Recent Years?
The terminal automation market has seen considerable growth due to a variety of factors.
• The terminal automation market has grown steadily in recent years. It will grow from $7.5 billion in 2024 to $8.05 billion in 2025, with a CAGR of 7.4%.
This growth is fueled by the demand for operational efficiency, the rise in automated equipment adoption, regulatory pressures for sustainability, the need for smooth logistics, and the growing impact of autonomous vehicles on terminal operations.
What Is the Forecasted Market Size and Growth Rate for The Terminal Automation Market Size In The Coming Years?
The terminal automation market is expected to maintain its strong growth trajectory in upcoming years.
• The terminal automation market is expected to grow strongly, reaching $10.6 billion by 2029 at a CAGR of 7.1%.
The growth is fueled by improvements in operational efficiency, the demand for sustainable solutions, automation in logistics, growing global trade, and investments in smart infrastructure. Trends include IoT and cloud-based solutions, AI and machine learning for predictive maintenance, robotics in cargo handling, and digitalization in logistics.
What Factors Are Driving Growth In The Terminal Automation Market?
The terminal automation market is projected to grow due to an upsurge in oil and gas production. This rise can be attributed to advanced drilling technologies, heightened offshore drilling activities, a growing demand for energy, and efforts to maximize supply. Terminal automation enhances the efficiency, safety, and compliance of loading, storage, and distribution operations in the oil and gas industry through the use of automated systems. For example, records from the Department For Energy Security and Net Zero, a UK government department, indicate a 16% increase in gas production in 2022, reaching 423 TWH, following a historical low in 2021. Consequently, the growing oil and gas production is fueling the expansion of the terminal automation market.
What Are The Main Segments Of The Global Terminal Automation Market?
The terminal automation market covered in this report is segmented –
1) By Offering: Hardware, Software And Services
2) By Project Type: Brownfield Projects, Greenfield Projects
3) By End User: Oil And Gas, Chemical, Other End Users
Subsegments:
1) By Monocrystalline Sapphire: High-Purity Monocrystalline Sapphire, Low-Purity Monocrystalline Sapphire, Substrate Monocrystalline Sapphire
2) By Trigonal System Sapphire: C-Plane Trigonal Sapphire, R-Plane Trigonal Sapphire, M-Plane Trigonal Sapphire
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How Are New Trends Impacting The Size Of The Terminal Automation Market?
Prominent organizations in the maritime sector are concentrating on creating technologically sophisticated options such as AI and IoT-enabled harbour management systems to cater to a larger client base, augment sales, and boost revenue. Artificial intelligence (AI) refers to the ability of machinery to execute tasks usually necessitating human intelligence, while the Internet of Things (IoT) signifies a network of interconnected gadgets that exchange and communicate data over the internet. For instance, CSM Technologies, a US-focused IT solutions and services firm, unveiled a Port Management Solution (PMS) in May 2024. The PMS modules, which are interconnected with IoT, AI, and ML, are designed to enhance decision making and predictive features, covering all aspects of port operations, from vessel movement and cargo management to marine services and logistics automation.
Who Are the Key Players In The Terminal Automation Market?
Major companies operating in the terminal automation market are:
• Siemens AG
• General Electric Company
• Schneider Electric SE
• Honeywell International Inc.
• ABB Ltd.
• Larsen & Toubro Limited
• Emerson Electric Co.
• Rockwell Automation Inc.
• TechnipFMC plc
• INTECH
• Petroliam Nasional Berhad (PETRONAS)
• Zebra Technologies Corporation
• General Atomics Aeronautical Systems Inc.
• Yokogawa Electric Corporation
• Endress+Hauser Group Services AG
• Royal Vopak N.V.
• Mofatt & Nichol Inc
• Chemtrols Industries Pvt. Ltd.
• Fabtech Projects & Engineers Ltd.
• Varec Inc.
• Advanced Sys-tek Pvt. Ltd.
• Toptech Systems Inc
• Implico GmbH
• MHT Technology Ltd
What Is The Most Dominant Region In The Terminal Automation Market?
North America was the largest region in the terminal automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the terminal automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
