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Manufacturing Revival Drives Investment in Automation Technologies Globally Finds Frost & Sullivan - Backed by rapid urbanization, emerging regions offer vast opportunities - IndustrialAutomation.Frost.com
Manufacturing Revival Drives Investment in Automation Technologies Globally Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2014/09/23 - Backed by rapid urbanization, emerging regions offer vast opportunities - IndustrialAutomation.Frost.com.

   
 
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Rising capital investments in both process and discrete industries, a declining workforce, global competitive pressures, and the convergence of operational technologies (OT) with IT have given a boost to the global automation market. The North American shale gas and tight oil boom and its ripple effect in the rest of the oil and gas as well as chemical industries have further strengthened global demand for automation solutions.

New analysis from Frost & Sullivan, 2013 Global Automation Market Factbook, finds that the deployment of new infrastructure projects in response to rapid urbanization, especially in Asia-Pacific, will trigger adoption of automation solutions. Particularly, projects in the power, water and wastewater industries in emerging economies such as China, India, Brazil and the Middle East will contribute to market revenues.

“Modernization efforts influenced by recovering economies in Europe will aid the uptake of automation systems,” noted Frost & Sullivan Industrial Automation and Process Control Senior Industry Analyst Naveen Kumar Ramasamy. “Increasing capex in the Middle East industrialization and the industrial revival in emerging Africa will also spur the need for automation.”

However, market participants are unlikely to fully capitalize on this potential as many critical automation product solutions are still proprietary and remain tied to legacy architecture or to certain standards. Developing collaborative solutions that synchronize seamlessly with existing legacy systems will be vital to encourage the move from legacy platforms.

“Raising awareness on the benefits of automation, such as reduced operational expenditures, increased efficiency, and higher profitability, will be crucial,” advised Naveen Kumar. “Coupled with penetration of industrial Internet of Things and stronger convergence between IT and OT, this will aid the expansion of the global automation system market.”

2013 Global Automation Market Factbook is part of the Industrial Automation & Process Control (industrialautomation.frost.com) Growth Partnership Service program. This report includes product-wise analysis by total market size in 2013, by region, by end-user industries, and finally by key trends that includes perspectives in terms of geography, end-user industry, technology, customer buying behavior, and competition perspective. Frost & Sullivan’s related studies include: Strategic Analysis of Global MES Market, Analysis of Global PLM Market in Discrete Industries, Global Programmable Logic Controllers Market, Global Automation Services Market for Process Industries, North American Terminal Automation Market and Internet of Things (IoT) Challenges and Impediments. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

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2013 Global Automation Market Factbook / NDFC-10

 
 
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Manufacturing Revival Drives Investment in Automation Technologies Globally Finds Frost & Sullivan

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