DUBLIN, Dec. 21, 2017 /PRNewswire/ --
The "Global Batch Control Systems Market 2017-2021" report has been added to Research and Markets' offering.
The global batch control systems market to grow at a CAGR of 4.31% during the period 2017-2021.
Global Batch Control Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
According to the report, one of the major drivers for this market is Reduction in capital investments. The capital investments required to deploy batch control systems for a critical batch production process is lower compared with that required to deploy other control systems. The development of the latest technology with complete traceability of a product and its components in batch production process enables specialized supervision of the system. In developing economies, the reduction in capital investments, installation, and commissioning services paves the way for the growth in batch control systems.
The latest trend gaining momentum in the market is Adoption of IoT and cloud platforms. The global batch control systems market is growing with the adoption of IoT, real-time monitoring, and cloud platforms. The deployment of IoT in plants in remote locations helps end-users to utilize batch control systems, thus aiding to improve productivity, operational efficiency, and reduce downtime costs. The adoption of IoT in remote monitoring provides great opportunities for industrial operations like processing, packaging, and material handling to improve productivity efficiently. The development in automation technology associated with IoT helps to anticipate failures in advance and saves energy, reduces wastes, and operational cost.
Further, the report states that one of the major factors hindering the growth of this market is Need for skilled workers for batch production. The shortage of skilled workers is a key challenge for the end-user industries in the market as it affects their ability to maintain and operate batch production and control systems while simultaneously ensuring process safety. The lack of skilled labor is a common challenge faced by the global batch control systems market, especially in the developing economies. Skillful and efficient batch operations in the end-user industries require skilled workers in different production lines; these workers should also have expertise in the latest batch control systems and real-time monitoring. But the number of technical and skillful technologists is low in batch production planning and control.
- Honeywell International
- Rockwell Automation
Other prominent vendors
- Applied Control Engineering Corporation
- APEC-Automated Process Equipment
- HollySys Automation Technologies
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Customer Landscape
Part 09: Market Segmentation By End-User
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/r4g8gg/global_batch?w=5
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SOURCE Research and Markets