TechNavio recognizes the following companies as the key players in Global Human Machine Interface (HMI) Market: General Electric Co., Invensys plc, and Schneider Electric Co.
Commenting on the report, an analyst from TechNavio’s team said: “HMI vendors are continually developing their technology to survive in the competitive business environment in which they operate. They have started developing proactive HMI systems that act as diagnostic tools and help implement preventive measures in manufacturing plants. With the help of these proactive HMI systems, end-users can locate and control production-related problems. In addition, these HMI systems have video capabilities.”
According to the report, the growth in industrial automation is one of the major drivers in the market. The Process industry in the APAC region is growing faster than the global Process industry, creating a positive impact on the HMI market in this region.
Further, the report states that the continuous decline in product prices is one of the major challenges in the market. The prices of HMI systems are steadily declining as a result of the increased popularity of open source HMI software and the easy availability of low-cost HMI systems. These factors have a negative effect on the pricing strategy of HMI vendors.
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/global-human-machine-interface-hmi-marke…
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 – Global Human Machine Interface (HMI) Market 2014-2018
