Accuracy and reliability are crucial for success in the industrial automation and equipment sector. Players in this industry need to develop long-term plans to optimise industrial operations, while complying with sustainability mandates.
FMI’s fact-based approach delivers superior solutions which balance the client’s short-term needs with long-term goals. Our senior analysts evaluate and advise on business and technology issues faced by enterprises to provide accurate, timely, and insightful research. This empowers companies to deliver quality products that drive consumer experience and revenue.
Distributed Control System (DCS)
A distributed control system (DCS) in industrial automation and safety systems helps to control individual component structures without affecting the whole network. Currently, the downstream market of oil and gas is expected to support the growth of refineries and distributed plants, which will drive the DCS market. Other factors, such as the emergence of open source DCS solutions centered on modern technologies and migration strategies of customers, will further drive the market.
Companies in the DCS market will benefit from these key trends. However, declining prices of DCS solutions combined with a lack of technical skills will pose a challenge to enterprises in this market. Future Market Insights (FMI) provides a detailed analysis of the DCS market with top market players’ profiles to help clients understand their competitors. Backed by FMI’s intelligence, organizations in the DCS market can formulate growth strategies to stay ahead of the competition.
Supervisory Control and Data Acquisition (SCADA)
Supervisory Control and Data Acquisition (SCADA) is a software application that streamlines process and equipment control by collating data in real-time. SCADA systems are much sought-after in a myriad of industries ranging from oil and gas to telecommunications to transport to warehousing to utilities. The SCADA market has assumed great importance because industries are investing in IT and telecom systems to ameliorate processes.
Future Market Insights (FMI) not only helps enterprises recognise the imminent trends and challenges in the SCADA market, but also helps them face these complex challenges using the best technological development initiatives.
Programmable Logic Controls (PLC)
Programmable Logic Controls (PLC) in industrial automation supports the movement of machinery on an assembly line. PLC has been, and continues to be, an integral part of automation and control systems across numerous industries. Continuous emphasis on product innovation in the industrial automation domain has bridged the gap between functional capabilities of DCS (discrete control system) and PLCs.
Currently, the majority of PLC market revenue comes from PLC-based PACs (Programmable Automation Controller). PACs integrate logic, motion, and safety control with cyber security. PLC technology has further penetrated several process industries, where they are replacing large DCS. This trend is increasing in emerging markets, since it is easier to maintain PLCs.
Future Market Insights (FMI) collaborates with businesses in the PLC market to increase the value proposition of suppliers, formulate strategies for new installations or retrofits, analyse requirement of new distribution channels, evaluate the impact of niche market products on the industry, and much more.
Human Machine Interface (HMI)
The Human Machine Interface (HMI) market manufactures a number of products right from input buttons of a phone to control panels for nuclear power plants. High growth in industrial automation with rising demand for mobility and efficiency is fueling the growth of the HMI market. However, inadequate HMI design with a high installation cost tends to hamper this market.
Players in the HMI market can take advantage of opportunities in the manufacturing segment of developing countries. By providing personalised HMI products to these countries, businesses can successfully increase their profits and offerings. Future Market Insights (FMI), with its sharp focus on emerging regions, helps enterprises tap opportunities in various regional HMI markets.
Manufacturing Execution System (MES)
A manufacturing execution system (MES) helps manage manufacturing and production operations in industries. The global MES market has transformed the traditional manufacturing unit into a modern service center. This improved process capability brought about by MES has fostered higher production capabilities of manufacturing units.
Even though rapid ROI and expansion in emerging countries is driving the MES market, customisation and frequent products upgrades call for additional investment. MES market forecasts and recommendations from Future Market Insights (FMI) help businesses in this industry make informed business decisions to balance the high initial investment cost to ensure maximum ROI.
Product Lifecycle Management (PLM)
Product lifecycle management (PLM) ensures that materials go through imperative processes to become a tangible, complete product ready for sale to consumers. Increasing globalisation and competition from small to medium businesses, particularly in discrete manufacturing has resulted in the growing adoption of PLM. Furthermore, the availability of low-cost PLM solutions has solved specific issues and facilitates integration with other existing software applications; this is driving the PLM solutions market.
Future Market Insights (FMI) research reports answer the most pertinent questions of players in the PLM market. Our reports provide comprehensive data on the current and forecasted market size, key trends and challenges of the market, and key vendors in the PLM space with their SWOT analysis.