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
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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