The global operator terminals market is growing rapidly due to rise in requirement for reduced downtime and cost-effective systems in chemical, oil & gas, and manufacturing industries. These industries are deploying operator terminals to streamline their business processes and enhance their productivity.
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The oil & gas industry is projected to create lucrative opportunities for the operator terminals market as it requires proper monitoring and control on exploration, production, storage as well as distribution.
Operator terminals provide effective planning and contract management which result in industry growth due to association between partners and clients. Furthermore, rise in investment in downstream industries is another major factor likely to boost the growth of the operator terminals market during the forecast period.
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In addition, stringent environmental norms and regulations for safety and security of operators in various industries are also accelerating the demand for operator terminals across the globe. Moreover, increasing awareness about installing automation solutions is also likely to fuel the demand for operator terminals in the near future. However, lack of technical expertise is a crucial factor anticipated to restrain the growth of the operator terminals market.
Key players operating in the global operator terminals market include IBM Corporation, Schneider Electric SE, Honeywell International, Inc., Siemens AG, ABB Ltd., Beijer Electronics Group, Emerson Electric Corporation, Pilz GmbH & Co. KG, Implico GmbH, and Rockwell Automation, Inc.