Today: November 26, 2015, 3:17 pm

Global process automation market: 6.6% CAGR estimated between 2012-16
Global Process Automation Market 2012-2016 - a new market research report on 2014-04-17 06:55:05
The Global Process Automation market is to grow at a CAGR of 6.62 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for automation solutions from the Oil and Gas industry. The Global Process Automation market has also been witnessing an increasing availability of wireless sensor networking. However, the reluctance of organizations to migrate to newer technologies could pose a challenge to the growth of this market.

The increasing availability of wireless sensor networking in SCADA-based industrial control systems is one of the major emerging trends in the market. This helps enterprises to overcome certain issues related to the rigid architecture of SCADA such as inflexibility and centralized architecture. With this technology, the deployment of sensors in SCADA-based industrial control systems becomes easier as it provides wireless networking access. For instance, in the Energy and Power industry, sensors are generally deployed in either production or induction wells. Through wireless sensor technology, the sensors can be deployed inside gas pipelines in a cost-effective way, thereby resulting in increased process efficiency.

One of the major drivers is the increasing demand for automation solutions from the Oil and Gas industry. The effective deployment of automation solution helps companies improve their productivity and enhance their monitoring and security systems.

A major challenge in the market is the reluctancy in migrating to the latest technology. Several organizations across various process industries across globe find it difficult to shift from their legacy system to the latest technology because of various technical issues such as interoperability and compatibility with existing system.

The key vendors dominating this space include ABB Ltd., Honeywell International Inc., Siemens AG, and Yokogawa Electric Corp.

The other vendors mentioned are Applied Material Inc., Apriso Corp., Aspen Technologies Inc., Emerson Electric Co., General Electric Co., iBASEt Inc., IBM Corp., Invensys plc, Oracle Corp., PSI AG, Rockwell Automation Inc., SAP AG, Schneider Electric Co., and Werum Software & Systems AG.

Click for report details: ..

Browse all Industrial Market Research Reports ..

Browse all Industrial Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 525 Words
Related Articles
More From Finance
USGFX Anticipates A Rise In Forex Trading [..]
The Shanghai Composite Index has been volatile and at one stage dropped more than 30% from its June 12 peak, [..]
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.