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Published Date: 2015-09-03Number of Pages: 82

Industrial Control For Process Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

Need for Safety Fuels Growth of Industrial Control For Process Manufacturing Market

The pressing need to ensure uniformity in manufactured goods by various industries has been driving the global industrial control for process manufacturing market. Large number of industries such as healthcare, chemicals, oil and gas, power, textiles, and food and beverages have been deploying industrial control for process manufacturing technologies to ensure safety in complex manufacturing processes as well. The growth of manufacturing activities in the developing regions such as India and China have given this market a much-needed impetus. The growing demand for consistent products in terms of both quality and quantity has also propelled the adoption of technologies used in the global market such as supervisory control and data acquisition (SCADA), manufacturing execution systems (MES), programmable logic (controller), and distributed control systems (DCS). 

According to a research report published by Transparency Market Research, the opportunity in the global industrial control for process manufacturing market was worth USS$61.23 bn in 2014 and is anticipated to reach US$96.20 bn by the end of 2021. During the forecast period, the overall market is expected to expand at a CAGR of 5.2%. This growth will largely be determined by the rising demand for safety measures in manufacturing units. The ability of process control systems to monitor failures and defects in manufacturing activities to avoid longer lead time or accidents has worked in benefit of this market. The only factor hampering the growth of this market is the maturing industries in the developed regions that are no longer investing in the industrial control for process manufacturing systems.

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Americas Lead Global Market as Oil and Gas Sector Flourishes

The Americas have held a dominant position in the global industrial control for process manufacturing since 2014. In that year, the region held a share of 35% in the overall market in terms of revenue. The growth of the industrial control for process manufacturing in the Americas is a result of ongoing replacement of current industrial control systems with modern ones to bring in advanced processing solutions. The growing oil and gas industry of the Americas has also been responsible for this unprecedented growth as the industry requires advanced industrial controls for processing and manufacturing final products. Owing to these reasons, the industrial control for process manufacturing market in the Americas will expand at a CAGR of 4.8% between 2015 and 2021, reaching a valuation of US$32.46 bn by 2021.

On the other hand, Asia Pacific industrial control for process manufacturing market will rise at a CAGR of 6.2% as expenditure on infrastructure increases. Furthermore, the growing activities in the oil and gas industry are also expected to fuel this regional market in the coming years. The growing demand for electricity in China and India and development of smart grid infrastructure will be largely responsible for burgeoning demand for SCADA systems in these countries.

DCS Solutions Remain a Preferred Choice amongst End-use Industries

According to TMR analysts, the distributed control systems (DCS) segment has been leading the overall market. Analysts anticipate that this segment will rise at a CAGR of 4.7% between 2015 and 2021. The demand for DCS has been growing due to their ability control production lines across a wide range of industrial verticals. Furthermore, their ability to control sprawling plant areas in central control room is also boosting this market. However, the SCADA systems segment is expected to be the fastest-growing segment as they are known to be far more advanced than DCS solutions.

Some of the key players in the global industrial control for process manufacturing are Honeywell International Inc., ABB Ltd., Emerson Electric Co., Siemens AG, and Schneider Electric S.E. The report states that companies will have to drive their shares through innovative solutions pertaining to automation that make tasks simpler and safer. Furthermore, companies will also have to focus on mergers and acquisitions to improve their international presence and product portfolio.

 
Process manufacturing industries primarily includes chemical, healthcare, oil & gas, food & beverages and power among others. These industries employ different methods or processes to produce end products. Industrial control for process manufacturing solutions is aimed to carry out these methods and activities efficiently and consistently. Moreover, industrial control for process manufacturing systems is capable of controlling, monitoring and measuring manufacturing activities and processes. The major factor driving the growth of this market is the increasing demand for consistent or uniform end products in process industries. Distributed control system (DCS), Programmable logic controller (PLC) supervisory control and data acquisition (SCADA) and manufacturing execution system (MES) are used to customize manufacturing procedures for efficient utilization of resources in process industries. Moreover, these solutions provide flexibility in manufacturing procedures by easy customization features. Additionally need for reducing downtime and rising safety and security concern of machineries installed in industries is driving the demand for industrial control for process manufacturing.
 
The industrial control for process manufacturing market is anticipated to grow during the forecast period owing to the increasing expenditure on infrastructure in power and oil & gas sector in emerging economies such as India, China and Brazil. Additionally need for automation in various industries such as oil & gas, power, food & beverages and chemical is boosting the market growth. Furthermore, safety and security in power, oil & gas and chemical to avoid industrial accidents is driving the demand for industrial controls for process manufacturing solutions. The major factor restraining the growth of this market is due to the stagnant growth in North America and Europe region. However opportunities exist in re-engineering of industrial controls with advanced industrial controls for process manufacturing in these regions. Increasing complexities in manufacturing processes is leading to demand for advanced industrial control for process manufacturing solutions. Key players in this market are constantly focusing on research and development activities to meet the rising demand for advanced controls from users. Rising number of industries in Asia Pacific and RoW region is paving new opportunities for new and existing players in the market.
 
Power, chemical and oil & gas sectors are major contributors to the global industrial control for process manufacturing market. Capability of DCS and SCADA solutions for real time monitoring and controlling of manufacturing facilities is boosting the overall market growth. Moreover, reduction in wastage of raw materials in process industries is driving the demand for industrial controls for process manufacturing solutions. However, threat from cyber attack and security issues is retraining the growth of SCADA and DCS solutions.
 
This market research study analyzes the industrial control for process manufacturing market globally and provides estimates in terms of revenue (USD billion) from 2015 to 2021. It recognizes the drivers, restraints and opportunities affecting the industry and analyzes their impact over the forecast period.
 
The report segments the market on the basis of geography as Europe, Americas, Asia-Pacific (APAC), and Rest of the World (RoW), and these have been estimated in terms of revenue (USD billion). In addition, the report segments the market based on the technology, which include distributed control systems (DCS), supervisory control & data acquisition (SCADA), programmable logic controller (PLC) and manufacturing execution systems (MES). It also segments the market on the basis of application as chemical, healthcare, oil & gas, food & beverages, power and textiles. All these segments have also been estimated on the basis of geography in terms of revenue (USD billion).
 
For better understanding of the industrial control for process manufacturing market, we have given key market trends. Furthermore, the study comprises a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness.
 
The report provides company market share analysis of various industry participants. The key players have also been profiled on the basis of company overview, financial overview, business strategies, and the recent developments in the field of industrial control for process manufacturing. 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.
 
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) 


 
 
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