According
to a new market report published by Transparency Market Research
“Industrial Control For Process Manufacturing - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,”
global industrial control for process manufacturing market was valued
at USD 61.23 billion in 2014, growing at a CAGR of 5.2% from 2015 to
2021 to account for USD 96.20 billion in 2021.
Browse
the full Industrial Control For Process Manufacturing - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 –
2021 report at
http://www.transparencymarketresearch.com/industrial-control-process-manufacturing-market.html
Industrial
control for process manufacturing market is primarily driven by the
need for uniformity in end products in process industries. SCADA,
DCS, MES and PLC systems are used for measuring, monitoring and
controlling of industrial production activities. Efficient
utilization of resources aimed at reducing wastage of raw materials
is boosting the demand for industrial control in process
manufacturing industries. Additionally rising demand for reducing
time and rise in safety and security concern of machineries installed
in manufacturing plants are driving the growth of this market. Demand
for automation in various process industries such as oil & gas,
power and food and beverages among others is aiding the overall
market growth during the forecast period. Need for flexibility and
easy customization of manufacturing techniques or procedures is
leading to increase in demand for industrial controls for process
manufacturing systems. Owing to these factors, industrial control for
process manufacturing market is expected to grow during the forecast
period.
However,
stagnant growth in developed economies such as North America and
Europe is restraining the growth of this market. An opportunity
exists in re-engineering of industrial controls with advanced control
systems for process manufacturing industries in these regions.
Additionally, demand for DCS, SCADA, MES and PLC from emerging
economies such as Brazil, China, India and Japan owing to the
increasing number of process industries in the region is paving new
opportunities for various players in the market.
Distributed
control system (DCS) held the highest market share accounting to USD
22.26 billion in 2015 and is expected to maintain a stable growth
during the forecast period. Ability of DCS to monitor and control
large plant areas is driving the growth of distributed control system
market. In addition, incorporation of DCS systems in various
application segments primarily in oil & gas and power plants is
boosting the market growth. However, manufacturing execution system
(MES) has the highest growth potential during the forecast period
owing to the ease of installation and real time monitoring features
of this system. This resulted in increasing application in chemical,
food and beverages and health care sector among others further
boosting the market growth.
By
application, oil & gas sector led the industrial control for
process manufacturing market in 2015 and is expected to maintain its
dominance during the forecast period. However rapid growth is
anticipated in power sector due to increase in expenditure on
infrastructure in emerging economies such as India, China, and
Brazil. Chemical sector is one of the major contributors of
industrial control for process manufacturing market owing to
increasing demand for bulk production and reducing time in chemical
industries.
industrial-control-process-manufacturing-market
Geographically,
Americas led the industrial control for process manufacturing market
in 2015 and the region is expected to continue its dominance
throughout 2021. The dominance of this region is attributed to the
need for energy efficient solutions and reduction of wastage of
resources in process industries. Americas is closely followed by
Europe which accounts for 34% of the global industrial control for
process manufacturing market.
The
report provides company market share analysis of the various regions
participants. Key players have also been profiled on the basis of
company overview, financial overview, business strategies and recent
developments in the field of industrial control for process
manufacturing industry. Major market participants profiled in this
report include ABB Ltd., Emersion Electric Co., Honeywell
International Inc., Mitsubishi Electric Corporation, Rockwell
Automation, Schneider Electric S.E and Siemens AG among others.
Browse
the full Press Release :
http://www.transparencymarketresearch.com/pressrelease/industrial-control-process-manufacturing-market.htm
The
report covers the global industrial control for process manufacturing
market, and provides estimates in terms of revenue (USD Billion) from
2015 to 2021. Market estimates on the basis of technology and
application have been provided for each region.
The
market has been segmented as follows:
Industrial
Control for Process Manufacturing Market: By Technology
Supervisory
Control & Data Acquisition (SCADA)
Programmable
Logic Controller (PLC)
Manufacturing
Execution Systems (MES)
Distributed
Control Systems (DCS)
Industrial
Control for Process Manufacturing Market: By Application
Chemicals
Healthcare
Oil
& Gas
Food
& Beverages
Power
Textiles
Industrial
Control for Process Manufacturing Market: By Geography
Americas
U.S.
Canada
Mexico
South
America
Europe
U.K.
Germany
France
Italy
Rest
of Europe
Asia
Pacific
China
Japan
India
Taiwan
South
Korea
Rest
of Asia Pacific
Rest
of the World
Middle
East
Africa
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
Americas
Europe
Asia
Pacific
Rest
of the World (RoW)
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6296
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.
Atil Choudhari
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
Website:
http://www.transparencymarketresearch.com
No comments:
Post a Comment