Press release
Global Industrial Monitors Market to grow at a CAGR of 2.61% during the period 2017-2021
Market Research analysts forecast the global industrial monitors market to grow at a CAGR of 2.61% during the period 2017-2021.According to the report, the rising complexity of industrial process has led to the evolution of SCADA and Distributed Control System (DCS)-based systems for factory automation in the past few years. SCADA and DC-based systems are widely employed in a variety of industries such as oil and gas, mining, power, and automotive to remotely control the physical processes and therefore, require display monitors to survey and control the process parameters continuously. Hence, the industrial monitors market is expected to increase along with the deployment of SCADA during the forecast period.
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Further, the report states that the demand for any industrial products is highly dependent on the macroeconomic business cycle. For example, during 2014-2015, the decline in crude oil prices by 50% created a contraction in investments in the oil and gas and allied industries, resulting in less demand for industrial monitors. In addition, due to the economic slowdown, many manufacturers faced disruption in payments, thereby, affecting the overall industry's ecosystem and its operations.
About Industrial Monitors
Industrial monitors are widely used in a variety of industrial applications such as smart factories, mining operations, marine ports, food and beverage, oil rigs, and energy management. The ruggedness of industrial display differentiates these monitors from residential and commercial monitors. Industrial monitors are usually made of rugged materials to withstand the impact of harsh environments in both indoor and outdoor applications.
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Covered in this report
The report covers the present scenario and the growth prospects of the global industrial monitors market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial monitors.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Global Industrial Monitors 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
AAEON
Advantech
Hope Industrial Systems
Rockwell Automation
Siemens
Other prominent vendors
Axiomtek
Barco
Beckhoff Automation
Computer Dynamics (CIMTEC Automation)
Edge Electronics
Honeywell
Kontron
Litemax Electronics
National Instruments
OmniVision Technologies
Pepperl+Fuchs
RGB Spectrum
SECU6
Sparton
Market driver
Rapid obsolescence of technology leading to faster replacement
For a full, detailed list, view our report
Market challenge
Increasing volatility in business and industrial environment
For a full, detailed list, view our report
Market trend
Emergence of immersive virtual reality
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.
..…..Continued
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