Mumbai, India – August 18, 2014 – The industrial automation industry in Europe is a significant sector as many European countries are world leaders of not only systems and applications development but also their supply and usage. The market is expected to grow at a CAGR of 6.25% in the forecast period.
This report, Industrial Automation Market in Europe 2014-2018, provides a detailed analysis of the market and focuses on the growth trends, major players, recent developments and key drivers of the industrial automation market in Europe.
Market outlook
The European market for automation of process industries is worth around USD 10 billion where the annual growth rate of the industrial automation market is estimated at 6.3%. Industrial automation is very important for maintaining and further developing a competitive European process industry. The area is a global marketplace with potential for SMEs to grow by developing and commercializing innovations through corporate, university, college and institutional collaborations.
Market trends
The used if wireless sensor networking in supervisory control and data acquisition (SCADA) is catching up fast in this market. This essentially helps companies to overcome the strict issues related to the SCADA structure like inflexibility alongwith a centralized structure. With the use of this technology the process will become much easier as it will provide a wireless network access. For example in the energy and power industries sensors are used either in production or induction wells. Using this new wireless technology the sensors can be put inside gas pipelines in a cost effective and efficient way.
Key players
The key players in this industry include ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., Siemens AG, Applied Material Inc., Apriso Corp., Aspen Technologies Inc., Camstar Systems Inc., Control Systems International Inc., Emerson Electric Co., Eyelite Inc., GE Co., Invensys plc, Metso Corp., Miracom Inc., Mitsubishi Heavy ndustries Ltd., Omron Corp., SAP AG, Schneider Electric SA, Toshiba International Corp., Werum Software & Systems AG and Yokogawa Electric Corp.
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