Industrial Control For Process Manufacturing Market - Growing Demand For Consistent Products In Terms Of Both Quality And Quantity Has Also Propelled The Adoption Of Technologies

Process manufacturing industries primarily includes chemical, healthcare, oil & gas, food & beverages and power among others. These industries employ different methods or processes to produce end products. Industrial control for process manufacturing solutions is aimed to carry out these methods and activities efficiently and consistently. Moreover, industrial control for process manufacturing systems is capable of controlling, monitoring and measuring manufacturing activities and processes. The major factor driving the growth of this market is the increasing demand for consistent or uniform end products in process industries. Distributed control system (DCS), Programmable logic controller (PLC) supervisory control and data acquisition (SCADA) and manufacturing execution system (MES) are used to customize manufacturing procedures for efficient utilization of resources in process industries. Moreover, these solutions provide flexibility in manufacturing procedures by easy customization features. Additionally need for reducing downtime and rising safety and security concern of machineries installed in industries is driving the demand for industrial control for process manufacturing.

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Adoption of Efficient Manufacturing Processes Propels Global Market

A large number of industries such as oil and gas, chemical, pharmaceutical, power and healthcare, and food and beverages seek efficient methods while manufacturing a wide range of products. To reduce the wastage during these processes and ensure uniformity in the final output process, control systems are used. Thus, the growing demand for consistent products has been driving the overall industrial control for process manufacturing market. The market is also being propelled by increasing demand for efficiency, safety, and minimal variability.

Standardization of processes in various industries has also been responsible for the growing demand for industrial control for process manufacturing solutions. Furthermore, the ability of these solutions to regulate variables to meet the requirements of the desired end result is also boosting their demand. The growing safety and security concerns in manufacturing units and process industries is also expected to fuel the industrial control for process manufacturing market.

Maturing Industries Offer Lower Scope for Growth

The maturing industries, especially in the developed regions, are hampering the growth of the global market. Furthermore, saturated markets within North America and Europe are also offering a negligible scope for growth to the overall market. However, the growing investments in the developing regions to build industries and increase their manufacturing output are anticipated to create new opportunities for the market.

Distributed Control Systems take Lead in Global Market

The distributed control systems (DCS) segment is anticipated to display a strong growth rate in the coming years as it reaches a valuation of US$31.32 bn 2021 in the coming years. This segment is anticipated to rise at a CAGR of 4.7% between 2015 and 2021. The growth of the DCS segment will mainly stem from the fact that they are capable of monitoring larger areas through a central control room. Thus, several oil and gas companies are adopting these systems to monitor and manage their sites across the globe.

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The Americas are the predominant users of industrial control for process manufacturing systems and technologies. The evolution of sophisticated manufacturing processes has led to a greater adoption of these systems. The flourishing oil and gas sector of the Americas is making an extensive use of the industrial controls for process manufacturing solutions across the region. Owing to these factors the industrial control for process manufacturing market in the Americas will expand at a CAGR 4.8% between 2015 and 2021.

Key Takeaways:

Demand for uniformity pushes opportunity in the global industrial control for process manufacturing market to US$96.20 bn by 2021
The Americas lead global market at a 4.8% CAGR during forecast period due to higher adoption rate
DCS segment becomes the preferred technology as it allows monitoring of larger areas

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