San Jose, CA (PRWEB) April 26, 2012
Follow us on LinkedIn Process control equipment are indispensable to manufacturing industries worldwide. Process plants across the globe are coming under the yoke of competitive pressures to adhere to the lower cost, high quality product regimes. In this regard investments in sophisticated control and processing equipment are topping the priority charts of companies as they attempt to obtain measurable improvements in plant operations and thereby profits. Key factors poised to drive investments in process control equipment/devices include the need to save energy against a backdrop of rising energy costs, growing competition in the marketplace and the ensuing need to reduce development time and time-to-market of products. Growing need for efficient use of raw materials against a backdrop of rising raw material and commodity prices is also triggering the demand for these equipment.
Developing markets with high levels of industrialization and large installed base of aging Distributed Control Systems (DCS), are poised to drive future growth in the market. Additionally, increased capital spending on plant infrastructure in these countries, focus on modernization efforts, and establishment of new plants in power generation, petrochemical, oil and gas, refining and other heavy process industries, are all forecast to support growth in the upcoming years. China and India, especially represent important markets in Asia-Pacific, with both the countries focused on increasing energy and manufacturing capacity. In the Middle East, new petrochemical complexes in the petrochemicals industry will create opportunities for automation systems for the control and monitoring of continuous processes. The quest to achieve the highest possible levels of automation for optimization of processes will continue to witness adroit integration of new technologies into process control system solutions, thus expanding the functional range of control systems. A key noteworthy trend, in this regard, is the integration of IT security into process control systems, given the widening security gaps created as a result of increased use of embedded IT solutions into the control system. The transition from PLCs to PC-based systems and hybrid scalable systems is expected to provide ample upgradation opportunities for growth.
Fortunes in the control and processing equipment market moves in sync with the level of industrial/manufacturing activity. The European debt crisis and its induced volatility in the Index of Industrial Production (IIP), not surprisingly is leaving the domestic control and processing equipment nervous over the future playout of the crisis. EUs industrial sentiment currently remains torn between optimism and fear, given the mixed signals emanating from the volatile manufacturing data in Spain and Italy and the encouraging industrial performance in Germany. Despite the challenges and uncertainties, over the continued economic stability in Europe, most market indicators for the immediate-term future feature a largely positive outlook for the manufacturing industry in the year 2012. Manufacturing production which continued to recover from 2010 through 2011 is expected to continue into the year 2012. Current economic data that leaves room for hope include Germanys relative resilience in handling the euro zone crisis, which is helping strengthen confidence levels. For instance, in Germany, which represents Europe’s industrial powerhouse, industrial/manufacturing output is holding well as indicated by the countrys yet strong export market, a key reason for the countrys superior handling of its debt crisis in comparison with Greece, Portugal, Spain and Italy. The recovery in industrial output posted by Germany in the month of January 2012, which breached industry forecasts, additionally infuses confidence.
As stated by the new market research report on Control and Processing Equipment, Programmable Logic Controllers (PLCs) is forecasted to grow at a projected CAGR of 2.3% over the analysis period 2009 through 2017.
Major players in the marketplace include ABB, Cegelec, Danaher Corp., Dresser, Emerson Process Management, Endress+Hauser, Honeywell Industrial Automation & Control Solutions, Invensys PLC, Metso Automation Oy, MKS Instruments Inc., National Instruments Corp., Omron Corp., Rockwell Automation Inc., Schneider Electric SA, Siemens Energy & Automation Inc., Spectris Plc, Thermo Fisher Scientific Inc., and Yokogawa Electric Corporation.
The research report titled Control and Processing Equipment: A Global Strategic Business Report announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in value sales for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific, Middle East and Latin America. Product segments analyzed include Control Systems, PLCs, Sensors, Transducers & Transmitters, and Indicators, Displays & Recorders, among others.
For more details about this comprehensive market research report, please visit
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
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