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Analysis of the SE Asia and ANZ Automation & Software Solutions Market for the Chemical & Petrochemical Industry

Significant opportunities for automation manufacturers in SE Asia as chemical and petrochemical plants seek to lower costs


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2014-01-09 05:07:03 - Analysis of the SE Asia and ANZ Automation & Software Solutions Market for the Chemical & Petrochemical Industry - a new market research report on companiesandmarkets.com

Smaller Southeast Asian countries are potential growth pockets for chemical and petrochemical industries. Integration of smaller chemical and petrochemical plants into a single large plant provides tremendous opportunities for automation manufacturers. Providing integrated automation solutions is of high priority to automation manufacturers, and decides the market leader. Technological enhancements such as energy management systems are becoming popular. Plant simulation software is undergoing tremendous development.

The growing trend of shifting chemical and petrochemical plants to lower-cost, higher-output countries provides significant opportunities for automation manufacturers in Vietnam, the Philippines, Thailand, and Indonesia. Automation manufacturers are focusing on optimizing chemical and petrochemical plants to increase energy efficiency and productivity. Southeast Asia´s share of about 85% of the total automation revenue in 2012 is set

 

 

to increase steadily during the forecast period due to the lower growth rates in Australia and New Zealand.

The main automation contractor is a one-stop solution provider that caters to all the customer´s automation needs. This trend has been popular among end users, and is gaining momentum among the automation manufacturers, as they consider this a platform to build better relationships with the customer and to consolidate their market share.

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