LONDON, May 14, 2015 /PRNewswire/ -- This research service analyzes the global automation market and presents an outlook for 2015. The study provides detailed strategic trends and direction about the global market for 2015 and beyond. The research scope includes both process and discrete automation technologies. The study offers detailed analysis of key industry dynamics driving market growth; a vertical industry analysis; an in-depth competition landscape; global, regional, and country-specific analyses; and a look at emerging technology that could affect the global market. Implications of key technology trends for process and discrete automation also are examined. The base year is 2014.
Top Predictions for 2015
The global automation industry is expected to grow %, from $ billion in 2014 to $ billion in 2015.
The process automation market is expected to grow % and the discrete automation market % in 2015.
The Asia-Pacific (APAC) region, growing at %, is poised to overtake the Europe, Middle East, and Africa (EMEA) region to become largest market for process automation in 2015.
Oil price fluctuations will have moderate impact with an estimated loss of revenue for global automation reaching $ million to $ million in 2015.
The industry software segment will outpace traditional control & safety market growth as industrial focus shifts from data gathering to data analysis.
The US market, growing at x %, is expected to emerge as the most attractive for automation in 2015.
The process automation service segment will grow at % against the hardware growth of % in 2015.
Growth in TIMS* nations will outpace BRIC nations. The BRIC automation market is expected to grow at %, while the TIMS market will grow at %, in 2015.
Top Trends for 2015
Service model innovation is becoming crucial for growth with the emergence of managed cybersecurity services, plant data analytics, energy analytics, performance-based value-adding services, main automation contractor/main automation and electrical contractor (MAC/MAEC) services, and others.
Industry software is gaining significant importance as the industrial focus is towards building connected enterprises driven by robust information systems.
Growing energy demand and large infrastructure projects from emerging BRIC and TIMS economies are creating huge demand for automation suppliers.
Hybrid industries are becoming the main target for growth in a highly competitive automation market as both process and discrete automation majors are competing for shares.
Predictive maintenance strategies are among the main trends with widespread adoption of asset management systems.
Driven by the Industry 4.0 smart manufacturing initiative, the Internet of Things (IoT) and machine-to-machine (M2M) communications will play a major role in creating cyber physical systems (CPS) for improved plant performance.
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