Denali National park in
Autumn, Alaska, North America.
T
he boom in production from
unconventional sources continues to
transform North America’s energy
landscape. Nose diving oil and gas prices
have reached the lowest registered level in recent
times. However, transportation and storage needs
to ensure reachability of hydrocarbons to end
users will drive the need for terminal automation.
The terminal automation market is expected to
experience steady growth in the range of
5.0 - 6.0% over the next 5 - 7 years. The
North American market revenues for 2013 were
approximately US$110.5 million, with a vast
majority of projects being brownfield/
Muthuraman
Ramasamy, Frost &
Sullivan, USA,
looks
at the North American
terminal automation
market.
