Automation for Fittings Fluidics + Automation: A Match Made in Heaven?
Related Vendors
While automation companies are enjoying growth, the mood among component manufacturers is more subdued, as fluidic suppliers are facing competitive pressure, energy crisis and supply chain risks. Yet, automation could point the way to the future and make suppliers and plant operators more successful...
Automation makes it possible: the sector that brought about the third and fourth industrial revolutions will - if you ask McKinsey - grow by almost four percent annually to a market volume of over 115 billion US dollars by 2025, driven by the demand for Industry 4.0 solutions such as cloud and IloT concepts. So far, so expected. But which industries are driving this growth with their demand is somewhat surprising: "The majority of the market (76 billion US dollars) will then be accounted for by automation in process industries such as the chemical or oil and gas industry, followed by production environments such as automotive or semiconductor manufacturing with a volume of 32 billion US dollars," explains McKinsey.
For example, the conversion of the gas supply to LNG, the ramp-up of the hydrogen economy or the use of methanol for fuel production and CO₂ capture are driving automation in gas applications. This is also creating demand in shipbuilding, the storage and removal of gas, the transportation sector and gas distribution, explain the experts at Bar Pneumatic Control Systems.
Sign in or register and read on
Please log in or register and read this article. To be able to read this article in full, you must be registered. Free registration gives you access to exclusive specialist information.
Already registered? Log in here