Transparency Market Research’s new market study on the global industrial control for process manufacturing market provides valuable insights into the developments of the said market for the 2015-2021 period. According to the report’s findings, the market will expand at a moderate 5.20% CAGR from 2015 to 2021, for the market’s valuation to increase from US$61.2 bn in 2014 to US$96.2 bn in 2021.The report is titled “Industrial Control For Process Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021” and is available for sale on the company website.
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
The need for standardization and uniformity in terminal products in process industries is primarily driving the industrial control for process manufacturing market. Some of the standard systems used for measuring, monitoring, and regulating industrial production activities are SCADA, MES, PLC, and DCS. In industrial units, the need for efficient utilization of resources to derive their maximum value, thereby reducing raw material wastage, in an important factor driving the deployment of these systems. Additionally, increasing safety and security norms pertaining to machinery, which are related with human safety and economic loss, and the need to optimize machine operation time is boosting the growth prospects of this market.
With automated processes becoming a standard feature in many industries such as oil and gas, food and beverages, and power, among others, the industrial control for process manufacturing market is benefitted. In modern industrial units, flexibility in manufacturing techniques and customization of procedures has also necessitated the deployment of industrial control systems for quality control.
However, due to stagnation in industrial development in developed regions such as North America and Europe, process and system upgradation is slow, thereby affecting the growth of the global industrial control for process manufacturing market. Nevertheless, re-engineering of industrial controls, which will equip process manufacturing industries with advanced control, holds promise for the market in these regions.
In emerging economies such as China, India, and Brazil, the need for standard monitoring and regulatory processes such as DCS, MES, DCS, and PLC due to industrial development is paving the way for new opportunities for the advancement of this market.
On the basis of technology, distributed control system (DCS) contributed the highest revenue of US$22.2 bn in 2015 and will demonstrate stable growth during the forecast period. The high revenue contribution of DCS is attributed to its ability to monitor and regulate large plant areas, which has extended the deployment of this technology in the oil and gas and power sectors.
However, it is the manufacturing execution system (MES) segment that is expected to register the highest growth rate during the report’s forecast period. Ease of installation and real-time monitoring of processes of MES has resulted in utilization of this technology in the chemical, healthcare, and food and beverages sectors.
Application-wise, in 2015, oil and gas dominated the industrial control for process manufacturing market and will continue to retain its position during the forecast period. However, rapid advancement of the power sector in China, India, and Brazil due to infrastructural development will contribute significantly to the global industrial control for process manufacturing market.
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
- Oil & Gas
- Food & Beverages
Industrial Control for Process Manufacturing Market: By Geography
- South America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Middle East
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453