New analysis from Frost & Sullivan (industrialautomation.frost.com), Automation and Controls Market in Singapore, finds that the market earned revenues of $90 million in 2009 and estimates this to reach $136 million in 2016.
"Singapore is not a cost-effective manufacturing hub and is constantly battling competition from low-cost production bases such as China, India, Vietnam, and Indonesia," says Frost & Sullivan Research Associate Vandhana Venkatesan. "As a result, there is higher emphasis on improving the plant productivity and reducing operational costs using the relevant control systems."
Both vendors and end users prefer direct sales to channel sales for larger systems and products if they have manufacturing assembly facilities in Singapore, as it lowers the price of the product.
The capital expenditure of installing automation systems may seem prohibitive to the cost-conscious consumers; hence, manufacturers need to educate them about the long-term cost benefits of these systems.
The Singapore market is also well served by stringent regulations and standards regarding the quality of manufactured goods. The control systems of most plants, especially in the industries of oil and gas, water and wastewater treatment, and chemicals are expected to reach the end of their lifecycle in the next few years, creating a plethora of opportunities for market vendors.
"Automation vendors have strong system migration programs in place to assist customers in replacing their older system with a newer version," notes Venkatesan. "With the current open system architecture and system interoperability, automation vendors can target replacement sales at installed bases that traditionally belonged to their competitors."
All these factors contribute to creating a favorable environment for the growth of the automation and control systems market in Singapore.
If you are interested in more information on this study, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.
Automation and Controls Market in Singapore is part of the Industrial Automation & Process Control Growth Partnership Services program, which also includes research in the following markets: Automation and Controls Market in other Southeast Asian regions such as Malaysia, Thailand, Vietnam, Indonesia, Thailand and also Australia and New Zealand. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
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