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Industrial Fieldbus Solution Market: Technological Breakthroughs and Competitive Landscape
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Industrial Fieldbus Solution Market Overview:
Industrial fieldbus solution are standardized as IEC 61158 and find use in real-time distributed control system applications. Industrial fieldbus solution represent a group of industrial computer network protocols. Manufacturing assembly lines require distributed control system wherein industrial fieldbus solution are applied.
In distributed control systems, there is a Human Machine Interface (HMI) at the top. Then, there is a Programmable Logic Controller (PLC) in the middle layer connected to the top layer via Ethernet. The bottom layer consists of a fieldbus that links the PLC to the components such as contactors, valves, switches, electric motors, actuators and sensors that do the actual work.
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Market Dynamics:
Industrialists are now shifting to industrial fieldbus solution and replacing the older similar technologies. Requirement for optimized plant asset management is another factor that is driving the growth of the Industrial Fieldbus Solution market. Industrial fieldbus solution help operators communicate with sensors and other plant assets in real-time in such a way that operators are able to check the status of the plant assets. This helps in increasing productivity of plant.
The integration of IIoT with the industrial fieldbus solution for application in the process industries is enhancing the demand for industrial fieldbus solution in the market. Integration of IIoT with the industrial fieldbus solution provides high performance, better connectivity, security, and safety.
Market Segmentation:
Industrial Fieldbus Solution market is segmented into three types based on product type, end-user type, and by region.
Based on the product type, Industrial Fieldbus Solution market is segmented into Foundation fieldbus Profibus, SERCOS, Modbus, AS-I, and DeviceNet.
Based on the application type, Industrial Fieldbus Solution market is segmented into power generation, flowmeters, hydrocarbon processing, pressure transmitters, control valves, and other measurement devices.
Based on the region type, Industrial Fieldbus Solution market is segmented into- Latin America, North America, Asia-Pacific Except Japan (APEJ), Western Europe, Eastern Europe, Middle-East and Africa (MEA) and Japan.
North America holds the highest market share in the Industrial Fieldbus Solution market. Oil and gas industry, in particular, is seeing tremendous demand for the industrial fieldbus solution. Oil and gas plants require industrial fieldbus solution for secure and robust communication that ensure efficient plant operation.
Key Players:
Some of the players operating in the Industrial Fieldbus Solution market include - Schneider Electric, Yokogawa Electric, ABB, SAMSON, Emerson Electric, Pepperl+Fuchs, Endress+Hauser, Metso, Siemens, Krohne Group, Azbil Corporation, and Eaton Corporation.
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