openPR Logo
Press release

Human Machine Interface(HMI) Market share, Forecast to 2024 & Industry Analysis: Global Market Insights Inc.

05-24-2017 07:27 AM CET | Media & Telecommunications

Press release from: Global Market Insights Inc.

Human Machine Interface (HMI) Market size is driven by rising need for efficiently monitoring the plants in various industries such as oil and gas, and mining. Factors such as increasing adoption of industrial automation equipment in the production sector along with growing demand for smart technological solution will spur the HMI industry growth. Moreover, increasing demand for integration of logical software with technical devices is anticipated to improvise quality and productivity, thereby prompting the demand.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1216

Increasing demand for ease in machine communications along with growing demand for high processing power and huge storage space to encourage the human machine interface market adoption. Further, technological advancements in the development of innovative display panels further contributes to the growth. For instance, Oil and Natural Gas Corporation (ONGC) installed ABB’s enterprise wide supervisory control and data acquisition (SCADA) for efficient real-time monitoring of all its production and drilling facilities spread across India and in Arabian Sea.
Features such as alarm warnings, safe messaging along with improved internal communications is expected to provide advantage to a facility in terms of operations, security and production. Further, HMI is anticipated to reduce the operation costs by substituting various push buttons, indictor lights, selectors along with lowering the requirement of additional display panels and cables.

In addition to these features, high resolution of HMI system provides a clear-sighted view of the manufacturing operations, enabling the operator to control the facility centrally. Moreover, with the implementation of the system, facility managers have the ease of testing devices using flexible HMI without a single equipment, thus lowering the startup time and improving overall productivity.

Factors such as lack of standardization, high cost associated with the installation along with the safety and security issues is anticipated to curb the human machine interface market growth. Further, lack of skilled professionals and awareness among management level individuals may present a challenge to the industry participants.

Increasing demand for high resolution displays for analyzing the industrial process efficiently along with the technological advancements in the computing processors is expected to offer growth opportunities. Further, fast industrialization in the emerging economies such as China & India to spur the HMI market growth.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/1216

Growing demand of HMI terminals in the manufacturing sector for improvisation of the plant management by automatization along with building better user-machine communication services will offer significant growth opportunities. Further, clubbing of Wi-Fi & Bluetooth technology with these devices has helped in improving the mobility, contributing to human machine interface market size.

Hardware can be classified into basic, advanced PC-based and advanced panel-based. Basic HMI provides high-power visualization and glaring display quality along with touch-key functionality for operations. It provides features such as backup of data via USB stick for fast device exchange. Additionally, in order to build smooth communication with web servers and drives, basic HMIs integrates the device with a web browser.
Advanced PC-based hardware is recommended for industries where production places large demands on quantity and nature of data that needs to be processed. It provides suitable choices for adequate storage space, data connectivity and processing capability. Advanced panel-based hardware is classified into comfort panels and mobile panels. Comfort panels provide machine-level high-performance visualization.

Software is classified into cloud-based and on-premise. Cloud-based HMI market offers better ease of access, functionality and security in a significantly lower price. Data stored in the cloud can be accessed by any internet connected devices such as PCs, tablets, smartphones with proper login credentials. On-premise HMIs are preferred by some organizations having fear of losing control of data in cloud storage.

The presence of large number of solution providers and increasing high-end production activities is driving the U.S. human machine interface market. In addition to the increasing demand for integrated HMI solutions is anticipated to catapult the HMI market growth in the region. Moreover, early technology adoption in north America contributes further to the industry progress. The rapid industrialization will drive the India and China HMI market. In addition to easy availability of raw materials, inexpensive labor force along with the rising number of automation projects is expected to spur the demand.

Companies in the HMI market include Siemens AG, ABB Ltd, Eaton Corp, Schneider Electric, Honeywell Inc., General Electric, Emerson Electric, Advantech Co, Beijer Electronics, Yokogawa Electric, etc. Mergers and acquisitions is the focus of many key players as a part of business strategy. For instance, in 2016, Rockwell Automation acquired Magnemotion, in order to make expansion in the motion control business.

Browse Related Reports:
• Enterprise Application Market Size By Product (CRM, ERP, SCM, Web Conferencing, Business Intelligence [BI], BPM, CMS, EAM), By End-Use (Manufacturing, BFSI, Healthcare, Retail, Government, Aerospace & Defense, Telecom & IT), By Deployment (On-Premise, Cloud), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, China, India, Mexico, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/enterprise-application-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Human Machine Interface(HMI) Market share, Forecast to 2024 & Industry Analysis: Global Market Insights Inc. here

News-ID: 548646 • Views: 601

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases


More Releases for HMI

Human Machine Interface Market Report 2018: Segmentation by Offering (Hardware ( …
Global Human Machine Interface market research report provides company profile for ABB Ltd. (Switzerland), Advantech Co., Ltd. (Taiwan), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International Inc. (U.S.), Kontron AG (Germany), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in
Impressive Growth for the Automotive HMI Market
Automotive HMI market is categorized into the instrument cluster, voice control, HUD, central display, and RSE displays, on the basis of the products. HUD segment is projected to dominate the industry share pertaining to its featured safety applications. Instrument cluster sector is estimated to witness appreciable growth rate over the forecast period owing to the increasing global consumer demands. Asia Pacific automotive HMI market share dominated the global industry share, in
Global HMI Software Development Market 2017-2021
"Global HMI Software Market 2017-2021" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. Description- About HMI Software HMI software is used to control the operation of a plant and this helps in improving the efficiency of the factory. This software aids in providing real-time data and data logging that are used in analytics to make strategic decisions. Technavios analysts forecast the global HMI software market to grow
HMI 2010: Kithara presents new Profibus Master
Real-Time extension now supports the Profibus cards of Hilscher The Windows real-time environment »RealTime Suite« of the Berlin company Kithara Software now supports time-critical applications with Profibus, too. Therewith this proved and widely-used fieldbus system can be used in future with Windows in real time. Despite of the undeniable trend to Ethernet-based automation protocols, Profibus is currently the system with the most widely-use and furthermore high growth. However, with Windows it was
19.0 inch HMI solution with CAN-Interface
In Q4, Janz Automationssysteme AG will introduce the emVIEW-19 - a panel PC with 19.0” display size - to the market. Lots of interesting projects affected the decision to make this. emVIEW-19 - similar to the already available emVIEW-12 and emVIEW-15 systems (with 12.1“ and 15.0“ displays) - is based on the emPC-M controller family. This means extensive and comprehensive support for diverse performance classes: 500 MHz (Geode LX800) up to
emVIEW HMI systems from Janz
emVIEW systems from Janz are now also available with a POWERLINK PCI interface and can thus be used as Managing Nodes for POWERLINK networks. The systems are based on an emPC-A400 embedded PC and emPC-M systems. A sophisticated mechanical design allows for the easy combination of a display (with or without touchscreen) and emPC, thus allowing users to operate emPCs as stand-alone units or with a display.