Strong Growth Predicted For Industrial Control For Process Manufacturing Market | Automation.com

Strong Growth Predicted For Industrial Control For Process Manufacturing Market

Global industrial control for process manufacturing market was valued at USD 61.23 billion in 2014, growing at a CAGR of 5.2% from 2015 to 2021. Industrial control for process manufacturing solutions is used to measure, monitor and control manufacturing activities and processes. Demand for uniformity or consistency in end products is driving the demand for industrial control for process manufacturing solutions. Moreover demand for reduction in wastage of raw materials by efficient utilization of resources is driving the market growth.

The industrial control for process manufacturing market is anticipated to grow during the forecast period owing to the increasing expenditure on infrastructure in power and oil & gas sector in emerging economies such as India, China and Brazil. Additionally need for automation in various industries such as oil & gas, power, food & beverages and chemical is boosting the market growth. Furthermore, safety and security in power, oil & gas and chemical to avoid industrial accidents is driving the demand for industrial controls for process manufacturing solutions.

The global industrial control for process manufacturing market is segmented by regions into Europe, Americas, Asia Pacific (APAC) and Rest of the World (RoW). The growth of industrial control for process manufacturing market is primarily driven by the demand for automation of manufacturing processes from various industries such as oil & gas, food & beverages, power and chemical among others. In addition, rising safety and security concern of machineries installed in plants is driving the market growth. Moreover, need for flexibility in manufacturing processes by easy customization features is further aiding the growth of the market during the forecast period.

In 2015, Americas led the industrial control for process manufacturing market and the region is expected to maintain its dominance throughout the forecast period. Re-engineering of traditional industrial controls with more advanced industrial control powered to handle complex processes is fueling the market growth in the region. Europe closely follows Americas accounting for more than 33% of the global market revenue share in 2015. However, Asia Pacific region have the highest growth potential during the forecast period owing to the increase in infrastructure expenditure in power and oil & gas sectors. Moreover rising number of industries in the region is further aiding the market growth.

The global industrial control for process manufacturing market by technology is categorized into supervisory control and data acquisition (SCADA), programmable logic controller (PLC), distributed control system (DCS) and manufacturing execution system (MES). Rising need for real time monitoring of industrial processes and activities is driving the demand for SCADA, DCS, MES and PLC. Automation requirement from various industries such as oil & gas, power and chemical is further driving the market. Rising complexities of processes is driving the demand for advanced industrial controls boosting the overall market growth.

 

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