This market research study analyzes the industrial control for process manufacturing market globally and provides estimates in terms of revenue (USD billion) from 2015 to 2021. It recognizes the drivers, restraints and opportunities affecting the industry and analyzes their impact over the forecast period.
Albany, NY -- (SBWIRE) -- 01/19/2016 -- 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.
Complete Report with TOC @ http://www.mrrse.com/industrial-control-process-manufacturing-market
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.
Request a Free Sample Copy of the Report @ http://www.mrrse.com/sample/356
Based on the application, the industrial control for process manufacturing market is segmented into food & beverages, chemical, healthcare, textiles, power and oil & gas. Oil & gas sector has the highest market share in terms of revenue and is expected to maintain its dominance during the forecast period. However, power sector have the highest growth of potential during the forecast period. In addition, chemical sector is also a major contributor of global industrial control for process manufacturing. Need for bulk production and reducing downtime in chemical sector is driving the growth of this segment.
Key players in this market include ABB Ltd., Emerson Electric Co., Honeywell International Inc., Schneider Electric S.E and Siemens AG among others.
MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.