ARC ranks ABB top Process Automation System supplier

  • January 28, 2008
  • ARC Advisory Group
  • News
Houston, TX, January 29, 2008-- In a recently published study titled “Automation Systems for the Process Industries,” industry analyst ARC Advisory Group ranked ABB in the leading worldwide market position in the broad process automation market.In this new report, ARC includes DCS, PLC, SCADA systems, safety systems, AC drives, general motion controls, software and machine safeguarding sold to the process industries. The study forecasts that the total worldwide market for automation systems in the process industries, which was $30 billion in 2006, will grow by a compounded annual growth rate (CAGR) of 9.6% by 2011, to over $47 billion. The ARC report states that increasing pressures from globalization is driving process manufacturers to improve plant performance in ways that would be inconceivable without modern process automation systems and business processes. While globalization expands opportunities for these manufacturers, it also intensifies the challenges they face—they need to act quickly and with agility to emerging market opportunities, and improve financial performance, all while dealing with a shrinking base of educated and well-trained personnel. In the study, ARC takes a look at the leading indicators shaping the growth of the global automation marketplace, from capacity utilization to productivity and industrial production, and how these will affect the market in the coming years. Despite troubles in the US and Canadian economies, the global outlook for automation and manufacturing remains bright. Higher energy prices continue to contribute to increased capital investments and large project backlogs for oil, gas and refining companies. The pharmaceutical and biotech industries remain strong, and growth in Asia and other developing regions remain high. Asia remains the center of growth, but the Middle East, Eastern Europe, and Latin America continue to show strong growth as well.“As the market share leader, ABB is very strong and has a lot to offer. Its ongoing success will come from continuing to provide its customers with sustained and measurable benefits from automation for a path to continuous improvement for business performance and profitability,” said Larry O'Brien, Research Director for Process Industries, ARC. #147;ABB’s continued focus on delivering automation solutions that provide reduced cost of ownership, increased productivity and reduced risk is a good fit with today’s increasing focus on business value.” In addition to being the leading global supplier, ABB also was the top supplier in key global verticals, such as Oil & Gas, Pulp & Paper, and also in the EMEA (Europe/Middle East/Africa) region. ABB was also the top supplier to the Cement, Pharmaceutical and Pulp & Paper industries in the Asia market, with sizeable market shares in all other process industries. “ABB’s vast process automation technology portfolio and industry expertise, combined with our global service, project delivery and engineering resources, provide our customers with the solutions they need to compete successfully in today’s global marketplace,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division. “We are committed to helping our customers achieve their critical business objectives with the comprehensive, innovative solutions and industry know-how that significantly improve their overall productivity, energy efficiency and performance.” Founded in 1986, ARC Advisory Group has grown to become the Thought Leader in Manufacturing and Supply Chain solutions. ARC analysts have the expert industry knowledge and first-hand experience to help clients find the best answer to complex business issues. ARC focuses on simple yet critical goals: improving clients’ return on assets, operational performance, total cost of ownership, project time-to-benefit, and shareholder value. ABB’s Process Automation division delivers integrated solutions for control, plant optimization, and industry-specific application knowledge and services to help process industry customers worldwide meet their critical business needs in the areas of operational profitability, capital productivity, risk management and global responsibility. These industries include oil and gas, power, chemicals and pharmaceuticals, pulp and paper, metals, minerals, marine and turbocharging. ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 110,000 people. Learn More

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