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Automation and Control Solutions in the European Chemicals Sector
Frost & Sullivan, April 2005
New DCS Solutions Promise Growth in Chemical Sector
DCS - distributed control systems - is the most significant automation and control product in the European chemical industry and accounts for a large share of total market revenues. Even as the DCS market matures, launch of new DCS solutions by key suppliers such as ABB and Honeywell is likely to stimulate growth in the chemical automation and control sector. Numerous chemical suppliers of Europe still rely on old automation technologies and are expected to replace these with new technologically advanced and cost-efficient DCS systems. In the process, they are also likely to purchase related products, such as manufacturing execution systems (MES).
This Frost & Sullivan research offers insights into the market for automation and software solution in the chemical sector. The market is sub-divided into six automation and software product types - DCS, human machine interfaces (HMI), programmable logic controllers (PLC), supervisory control and data acquisition (SCADA) systems, industrial asset management (IAM) solutions and MES.
Focus on Cost Savings and Efficiency Drive Investment in Automation and Software Products
Stringent legislations and high labour and transportation costs put considerable pressure on European chemical manufacturers as they compete with countries such as China and Brazil, where production costs are substantially lower. European chemical manufacturers are likely to incorporate modern automation and software solutions to improve their efficiency and cost-effectiveness in this highly competitive global chemical market, says the analyst of this research.
Chemical manufacturers are keen to invest in new technologies that offer huge cost-savings, so suppliers providing a broad range of automation and control products will be best placed to aid manufacturers in achieving this aim.
MES Sector Poised for Expansion as Customers Become Increasingly Aware of its Benefits
MES sector is the fastest growing segment of the market as it offers considerable benefits and efficiency advantages to end users. MES bridges the gap between plant-level control and business systems automation by offering information about production activities across the factories as well as supply chains thereby greatly improving efficiency. Moreover, low market penetration in MES sector offers huge growth potential for its providers as more manufacturers become aware of its benefits.
This a key time for automation and control suppliers to increase their penetration into the chemical sector as companies enter a new investment cycle and retrofit their existing systems with upgraded ones that provide better efficiencies, concludes the analyst.
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