View a Presentation on Global Fieldbus Solution Market for Process Industry 2014-2018
A Fieldbus is a
two-way communication digital network operating in physical, data and
application layers of the OSI model. It is a control network used across
process automation, enabling the field devices to be connected with the
controller. Process industries across the globe are increasing using fieldbus
incorporated measurement instruments and sensors in their production process.
This reduces the need for point-to-point connection of the devices, and cables
and wiring cost, leading to an overall reduction in operational and capital
expenditure to the end-users.
Analysts forecast
the Global Fieldbus
Solution market for the Process Industry to grow at a CAGR of 13.78 percent over the period 2013-2018.
The Report recognizes
the following companies as the key players in the Global Fieldbus Solution
market for Process Industry: ABB Ltd., Emerson Electric Co.,
Endress+Hauser AG and Siemens AG.
Other prominent
vendors in this market are: Azbil, Eaton Corporation, Flowserve, Honeywell
International, KROHNE Group, MetsoOyj, Pepperl+Fuchs, Rockwell Automation,
SAMSON, Schneider Electric, SMAR Equipamentos , ndustriais, VEGA Grieshaber,
Yokogawa Electric
The development of
an advanced fieldbus system is one of the major trends in the market. The
development of fieldbus technology with modular hardware configuration and
device and module parameterization has contributed to automation in the Process
industry.
Covered in this Report
The Global Fieldbus
Solution market for the Process Industry can be segmented into three
technological segments: Foundation Fieldbus, Profibus PA, and Others.
Global Fieldbus
Solution market for the Process Industry 2014-2018, has been prepared based on
an in-depth market analysis with inputs from industry experts. The report
covers Americas, EMEA region, and APAC region; it also covers the Global
Fieldbus Solution market for the Process Industry 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 reduction in capital and operational expenditures for end-users is
one of the major drivers. The reduction in the wiring and cable costs on using
fieldbus has led to the increased demand for fieldbus solutions in the Process
industry.
Further, the report
states that the increased demand for industrial Ethernet is one of the major
challenges. The usage of Ethernet in LAN and WAN connectivity has led to the
increased demand for industrial Ethernet across the Process industry.
