Thursday, 26 June 2014

2018 Report Europe Industrial Automation Industry Growth and Developments

Industrial automation solutions such as DCS, MES, PLC, SCADA, and APC help companies in optimizing their business operations by effectively controlling the production processes. These automation solutions are widely used by different process and discrete industries such as Oil and Gas, Power, Pharmaceutical, Pulp and Paper, Automotive, Aerospace and Defense, and Food and Beverage. These solutions provide real-time information about the processes in an organization, thereby improving the efficiency and optimizing the overall operational cost of the organization. Analysts forecast the Industrial Automation Market in Europe to grow at a CAGR of 6.25 percent over the period 2013-2018.

The Report recognizes the following companies as the key players in Industrial Automation Market in Europe: ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., Siemens AG , Applied Material Inc., Apriso Corp., Aspen Technologies Inc., Camstar Systems Inc., Control Systems International Inc., Emerson Electric Co., Eyelite Inc., GE Co., Invensys plc, Metso Corp., Miracom Inc., Mitsubishi Heavy ndustries Ltd., Omron Corp., SAP AG, Schneider Electric SA, Toshiba International Corp., Werum Software & Systems AG, Yokogawa Electric Corp.

The availability of wireless sensor networking in SCADA-based industrial automation solutions is one of the major emerging trends in the market. This helps enterprises overcome certain issues related to the rigid SCADA architecture such as inflexibility and centralized architecture. With this technology, the deployment of sensors in SCADA-based industrial automation solutions will become easy as it provides wireless networking access. For instance, in the Energy and Power industry, sensors are generally deployed in either production or induction wells. Using wireless sensor technology, the sensors can be deployed inside gas pipelines in a cost-effective way, thereby increasing the efficiency of the process.

The Industrial Automation market in Europe is divided into five product segments: DCS, SCADA, PLC, MES, and APC.

Industrial Automation Market in Europe, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Industrial Automation market in Europe landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, the Industrial Automation market in Europe has many growth drivers, of which the major one is the need to reduce companies' manufacturing costs. The effective deployment of various automation solutions such as MES, APC, DCS, PLC, and SCADA helps companies reduce their manufacturing costs by optimizing the probability of process failure and downtime loss.

Further, the report states that the reluctance to adopt the latest technology is one of the major challenges. Several organizations across various industries in Europe prefer not to shift from their traditional systems to modern technology, because of various technical issues such as lack of compatibility, and difficulties in interoperability with their existing systems.