The automation and compression control markets are dynamically shaping up with the onset of new technologies and impact of energy-efficiency regulations. Maintaining sustained profitability in a highly competitive and challenging economic scenario requires an in-depth understanding of key trends that are expected to influence the automation and compression control markets. The emergence of new technologies and regulations is changing the way industries will do business.
Participants in the automation and compression control space must improve their degree of competitiveness by staying up-to-date with the latest technologies. While new technology implementation may be expensive from an initial investment perspective, the long-term potential of optimizing manufacturing cost may drive the gravitation towards new technologies. Investments for process improvements will drive the uptake of advanced automation and compression control technologies.
New analysis from Frost & Sullivan's (industrialautomation.frost.com) Energy Efficiency and Technology Trends in Automation and Compression Control Markets research finds that technology adoption and impact of regulations can have different effects across geographic regions, which fosters the need to understand fully the medium- and short-term opportunities within these markets.
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"Efficiency mandates are expected to drive retrofit opportunities for compressors and associated assets," said Frost & Sullivan Industry Analyst Muthuraman Ramasamy. "However, the lack of awareness of emerging technologies and their potential benefits and profitability can restrain uptake."
End-users are apprehensive about moving away from traditional legacy systems to new technologies as they may be confronted with productivity loss, system downtime, and loss of business opportunities.
"Although the impact of imposed regulations might trigger implementation of new technologies, the real value to the end-user is realized when the organization's goals have a precise alignment with its vision," said Ramasamy. "Technologies that meet the value-equation (cost, ROI, benefits, etc.) of end-users will receive maximum patronage from them."
New technologies have already witnessed steady penetration, not just in the developed markets, but also in the emerging markets. Emerging markets are the upcoming hotbeds for innovation and improved process excellence.
Energy Efficiency and Technology Trends in Automation and Compression Control Markets is part of the Industrial Automation & Process Control Growth Partnership Service program, which also includes research in the following markets: Value-added Resellers and Systems Integrators in North American Industrial Automation Market - A Competitive Perspective; World Supervisory Control and Data Acquisition Markets; World Manufacturing Execution Systems; Vision of the Manufacturing and Production (Visi-MAP); North American Packing Materials Market; Growth Dynamics and Trends in Enterprise Manufacturing Intelligence Market; World Human Machine Interfaces; and North American Seals Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Energy Efficiency and Technology Trends in Automation and Compression Control Markets / N8F5