TechNavio recognizes the following companies as the key players in the Automation market in the Middle East: ABB Ltd., Honeywell International Inc., Invensys plc, and Yokogawa Electric Corp.
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Automation market in the Middle East is the development of customized automation solutions. Several vendors in the Automation industry face increased competition from other local and regional vendors due to the lack of product differentiation. In order to overcome this problem, several local and regional vendors have started offering customized automation solutions at a competitive price to meet the specific needs of their customers. As a result, several SMEs across various industries such as the Food and Beverages, Pulp and Paper, Chemical, and Petrochemical industries are opting for these customized automation solutions. This enables micro, small, and medium enterprises to improve their operational performance at minimal cost.”
According to the report, one of the main factors driving the market is the increase in need for improving the productivity of various organizations. Various automation solutions such as DCS, PLC, SCADA, APC, and process safety systems provide accurate operational information, which leads to fewer operational errors and less human interference, thereby improving the overall organizational efficiency.
Further, the report states that one of the main challenges is the reduction in prices of automation solutions. The intense competition among the top players in the market is leading to price wars, and this is a major challenge as it affects the growth of the overall revenue of the market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Applied Material Inc., Apriso Corp., Aspen Technologies Inc., Emerson Electric Co., General Electric Co., IBM Corp., Oracle Corp., PSI AG, Rockwell Automation Inc., SAP AG, Schneider Electric Co., Siemens AG, and Werum Software & Systems AG.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/automation-market-middle-east-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Automation Market in the Middle East 2012-2016
