Customization is becoming the norm in the Australia and New Zealand fieldbus market as companies in the industrial communication domain are providing flexibility like never before. Fieldbus vendors are constantly introducing newer versions, as process industries attempt to reduce plant downtime through real-time knowledge sharing and high-speed communication protocol.
New analysis from Frost & Sullivan (industrialautomation.frost.com), Fieldbus Market in Australia and New Zealand, finds that the market earned revenues of US$72.6 million in 2011 and estimates this to reach US$128.6 million in 2017.
End users in the process industries tend to frequently change their requirements, compelling fieldbus vendors to offer complete customization. Some market majors are offering a ‘build-it-yourself' option but these systems are expensive to install and maintain.
"Nevertheless, Australia will witness increased adoption of such systems for application in improved infrastructure, resources, and a large base that warrants fieldbus installations on a large scale," said Frost & Sullivan Research Analyst Krishnan Ramanathan. "The large number of multinationals operating out of the country will also increase the use of fieldbus systems in Australia."
Sensing opportunities, fieldbus vendors have forged partnerships with local companies. Further, companies have collaborated with organizations and educational institutions to promote the understanding of fieldbus technology, as awareness of such technologies can significantly increase market growth.
"Although more and more industries are likely to implement fieldbus systems, the conventional ones will dominate the industry in terms of application," noted Ramanathan. "Mining, chemicals, automotive and food and beverage processing will be the major users of fieldbus systems in Australia."
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Fieldbus Market in Australia and New Zealand / P5A3-10
Jessie Loh, Corporate Communications – Asia Pacific
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