- The key vendors in the Global Industrial Automation Market in Chemical and Petrochemical Industry 2014-2018 are ABB Ltd., Emerson Electric Co., Honeywell International Inc., Siemens AG and Yokogawa Electric Corp.
London, 30 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Industrial Automation Market in Chemical and Petrochemical Industry 2014-2018. One of the major trends in this market is the development of integrated safety solutions consisting of basic process control solutions, which help end-users optimize their overall operational costs and improve operational efficiency.
An industrial automation solution helps organizations, especially those in the process and discrete industries optimize their business operations through the efficient control of various processes. It improves organizational efficiency by facilitating uninterrupted system operations and helps companies by providing real-time information, which improves the efficiency of the entire plant and reduces the total cost of ownership.
“Many global manufacturing companies are outsourcing their processes to countries such as India and China, boosting the demand for web-based industrial automation solutions that can control and provide real-time information from any location at a minimal cost,” says Faisal Ghaus, Vice President of TechNavio Research.
“Web-based industrial automation solutions help companies of all sizes enhance their operational efficiency.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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