Global Plant Automation Solutions Market 2016-2020

Outlook of the global plant automation solutions market

Technavio’s market research analyst predicts the global plant automation solutions market to grow at a CAGR of around 6% during the forecast period. The rising need to enhance productivity, improve safety, and reduce production costs will foster the prospects for growth in this market. The augmented adoption of plant automation solutions, such as DCS, PLC, SCADA, and MES, is enabling industries to control, monitor, and manage various plant operations on a real-time basis. This enhances sharing and access to real-time data and information for management level decision making.

The rising demand for cyber secure automation solutions is the primary growth driver for this market. There have been considerable cyber threats to plant automation solutions over the past decade. For instance, Stuxnet cyber worms attacked Siemens’ PLC in 2010, affecting the security of a whole plant. Such attacks are not limited to PLC, but also to other plant automation solutions such as DCS, SCADA, and MES. Consequently, vendors have been compelled to develop foolproof cyber secure plant automation solutions. The advent of such infallible cyber secure plant automation solutions will impel the prospects for growth in this market until the end of 2020.

Segmentation by solution type and analysis of the plant automation solutions market

• Hardware
• Software
• Services

In 2015, the hardware solutions segment dominated this market and is anticipated to grow at a steady CAGR of more than 4% during the forecast period. The augmented need for automation services, primarily in the area of operations and maintenance will foster the prospects for market growth until 2020. Additionally, factors such as the constant upgradation of the vendors’ service portfolio will aid in the growth of this market segment as these solutions help to increase the lifespan of the machinery.

End-user segmentation of the plant automation solutions market

• Process industries
• Discrete industries

Though the process industries segment consists of a vast number of industries, the discrete industries segment will witness the fastest growth rate during the forecast period. In the automotive industry, technological advances about sensors and touch screen interface technologies will fuel the prospects for market growth until 2020. The ability of plant automation solutions to boost the overall organizational efficiency by ensuring the smooth functioning and integration of modern technology in the assembly line will result in this segment’s impressive CAGR of nearly 8% during the predicted period.

Competitive landscape and key vendors

The global plant automation solutions market is primarily dominated by large players that have diverse portfolios and presence in all key regions. The competitive business environment in this market is anticipated to intensify with the increase in product extensions and technological innovations, coupled with an increase in collaborations and M&A. The vendors that have the capability to offer cost-effective, customized automation solutions to end users will gain a competitive edge over their peers.

Leading vendors in the market are -

• Siemens
• Honeywell
• Emerson
• ABB
• Schneider
• Rockwell

Other prominent vendors in the market include Mitsubishi Electric, GE, Yokogawa Electric, Toshiba, Dassault Systèmes, Bosch Rexroth, Hitachi Group, Idec, Control Systems International, Keyence, Koyo Electronics, Metso, Omron, Panasonic, and Mitsubishi Heavy Industries.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global plant automation solutions market?
• What are the key market trends impacting the growth of the plant automation solutions market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global plant automation solutions market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the plant automation solutions market?

Technavio also offers customization on reports based on specific client requirement.

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