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Asia-Pacific Terminal Management System (TMS) Market Size, Share, Growth, Trends, and Forecast at 2026

Asia-Pacific Terminal Management System (TMS) Market Size, Share, Growth, Trends, and Forecast at  2026

Market Analysis and Insights:- Asia-Pacific Terminal Management System (TMS) Market

Asia-Pacific Terminal Management System (TMS) Market By Offering (Hardware, Software and Services), Project (Greenfield and Brownfield), Application (Receipt / Dispatch By Truck, Rail Wagon, Pipeline, Access Control, Inspections, Kiosk Functionality, Automatic Bay / Berth Allocation, Sealing, Blending, Automatic Tank Farm Control and Others), Vertical (Railway, Renewable Sector, Aviation Industry, Chemicals, Oil & Gas and Others), Country (China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific) – Industry Trends and Forecast to 2026

Terminal management system (TMS) is use to manage the products distribution including gas, chemicals, oil, alcohols and renewable fuels. The operational terminal management system includes some activities such as terminal automation for process controls and business administration which helps to smoothen the enterprise activities. This system offers detection, control and management of the whole product handling process including from receiving material to storage and distribution. The data integration solution consists of auto control and business management activities which help to decrease overall procedure cost and ultimately enhance efficiency, productivity and safety. Now-a-days, operators are looking for centralized and integrated terminal management solutions which can able to control various sites. The mobility, cloud, industrial internet of things (IoT), cyber security, safety and analytics becomes necessary for customers.

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Asia-Pacific terminal management system (TMS) market is projected to register a substantial CAGR in the forecast period of 2019 to 2026.

SegmentationAsia-Pacific Terminal Management System (TMS) Market

Asia-Pacific terminal management system (TMS) market is segmented into four notable segments which are offering, project, application and vertical.

  • On the basis of offering, the market is segmented into hardware, software and services.
  • On the basis of project, the market is segmented into greenfield and brownfield.
  • On the basis of application, the market is segmented into receipt / dispatch by truck, rail wagon, pipeline, access control, inspections, kiosk functionality, automatic bay / berth allocation, sealing, blending, automatic tank farm control and others.
  • On the basis of vertical, the market is segmented into railway, renewable sector, aviation industry, chemicals, oil & gas and others.

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Competitive Analysis: Asia-Pacific Terminal Management System (TMS) Market

Some of the major players operating in the Asia-Pacific terminal management system (TMS) market are ABB, Honeywell International, Inc, Rockwell Automation, Inc., Yokogawa Electric Corporation, Siemens, ION, Agidens International NV, akquinet AG, Dearman Systems, Inc., EDS Systems OÜ, Emerson Electric Co., Endress+Hauser Management AG, General Atomics, Implico, Larsen & Toubro Infotech Limited, Oceaneering International, Inc., Offspring International Limited, PumpingSol, Ramboll Group A/S, Schneider Electric, SGS SA, i.Dohmann GmbH among others.

Recent Developments

  • In March 2019, Yokogawa India Ltd., a subsidiary of Yokogawa Electric Corporation has been selected by Indian Oil Corporation Limited for installation of terminal automation system. The contract has been signed for an amount of USD 4.15 million project under which company will provide terminal automation system. The company had increased their footprint in Indian market for oil and gas industry sector through this terminal management project.
  • In April 2019, ION signed an agreement for acquiring Allegro which offers enterprise commodity management solutions. This acquisition would act as a significant expansion of the enterprise solutions. This will enhance the product portfolio and profit margin of a company.
  • In June 2018, Rockwell Automation, Inc. introduced new version of PlantPAx distributed control system (DCS) for the customers. The new version will offer the enhanced digital solutions for process control operations. The improved contextualized information of assets and intuitive design will help customers to lower the total cost of ownership with reduced time-to-market. The system will help companies’ customers to increase profits by making enterprise connected and integrated with modern DCS.

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Research Methodology: Asia-Pacific Terminal Management System (TMS) Market

Primary Respondents: Key Opinion Leaders (KOL’s): Software Experts, Manufacturers, Researchers, Distributors and Industrialists. Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers.

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