Process Automation in India Maximum Potential for the Global Automation Market in Developing Countries
With the rapid growth of process industry in developing markets such as India, the need for high level automation is increasing. Today’s process plant owners’ demands are very specific: A time has come when the knowledge gap between the users and the vendors need to be addressed...
Recently, analysts from TechNavio (the research platform of Infiniti Research) have forecast, “The Global Plant Automation Solution Market (is) to grow at a CAGR of 7.4 over the period 2011-2015. One of the key factors contributing to this market growth is – companies complying with governments‘ regulations and policies.
The Global Plant Automation Solution Market has also been witnessing the adoption of industry-specific solutions. However, the continuous decline in the average selling price could pose a challenge to the growth of this market.”
US and Western Europe – Dominating the Automation Market
According to the analysts, the key vendors dominating this market space include ABB, Siemens, Emerson Electric, Honeywell International and Rockwell Automation. Commenting on the report, an analyst from TechNavio‘s Engineering Services team has said, “The Global Plant Automation Solution Market is mainly driven by process industries. The US and Western Europe have been dominating the market due to the presence of a large number of process manufacturing companies.”
Emerging Markets to Take the Lead in Process Automation
However, many process manufacturing industries are now growing faster in developing countries – such as China, India, Brazil and Poland. For instance, the pharma industry is one of the major end-users of plant automation solutions, and this industry is growing rapidly in China, India and Eastern Europe countries.” The scenario is more vividly explained by the ARC analyst Steve Clouther’s observation, that process automation suppliers see big revenue growth on the emerging markets...