Press release
Global Industrial Process Recorders Market to grow at a CAGR of 3.04% during the period 2017-2021
Market Research analysts forecast the global industrial process recorders market to grow at a CAGR of 3.04% during the period 2017-2021.According to the report, business optimization has now become an essential requirement for any industry. Rising maintenance cost, shortage of natural resources, low productivity, and increasing regulatory policies are the few factors that have prompted the need for business optimization.
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Further, the report states that all the industries follow a macroeconomic cycle. Therefore, the demand for any industrial products is highly dependent on the economic performance. The reduction in crude oil price in 2014-2015 resulted in a very low capital spending in industrial sectors during the period. Consequently, the industrial process recorders market also witnessed a flat growth between 2014 and 2016. In addition, due to the economic slowdown, many vendors found disruption in payment and supply chain systems, which also affected business operations.
About Industrial Process Recorders
Process recorders are used for continuous monitoring of system maintenance, process parameters, and process optimization of industrial applications. These recorders accept analog inputs from multiple devices. The input data are then accessed and analyzed through communication protocols for real-time and FTP uploads. Analyzed data are then converted into digital signals with data converters. New technological advancements such as fuzzy logic have increased the data storage capacity of recorders.
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Covered in this report
The report covers the present scenario and the growth prospects of the global industrial process recorders market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial process recorders.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Global Industrial Process Recorders 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.
Key vendors
ABB
Fuji Electric
Honeywell International
Siemens
Yokogawa
Other prominent vendors
Ambetronics Engineers
AMETEK
Analog Devices
Aum Controls and Equipment
PTC
Brainchild Electronic
CD Automation
Dickson
Future Design Controls
Linseis
Rockwell Automation
Market driver
Increasing need for business optimization
For a full, detailed list, view our report
Market challenge
Unstable data transmission and system complexity
For a full, detailed list, view our report
Market trend
Emergence of wireless data acquisition systems
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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