LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global plant automation solutions market report. This research report also lists 14 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global plant automation solutions market has grown drastically since 2000, and hosts a number of international, regional, and local vendors. The regional and local vendors offer cost-effective customized automation solutions. However, established international players, such as Siemens, ABB, and Honeywell, are expanding their footprint through R&D investments and product innovation. Schneider Electric invested USD 625 million in 2014 in R&D activities. “Major companies across oil and gas, power, chemicals, and petrochemicals, automotive, fertilizers, cement, pharmaceuticals, F&B, and other industries prefer established vendors with reliable supply and lasting automation solutions,” says Bharath Kanniappan, a lead analyst at Technavio for automation.
Though local vendors are making efforts to compete in the market, they find it difficult to compete with their established counterparts that dominate the market in terms of quality, features, and system capabilities. In addition, local vendors do not have significant funds to develop and innovate product lines and solution offerings.
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Top six plant automation solutions market vendors
Siemens was founded in 1847, and has headquarters in Munich, Germany. It is a multinational conglomerate with core activities in the fields of energy, healthcare, industry, and infrastructure sectors. It supplies systems for power generation and transmission, and medical diagnosis. In addition, the company specializes in infrastructure and industry solutions.
The company - through its industry segment - offers a wide range of products and solutions to various industrial companies, mainly process and manufacturing industries. It offers automation technologies, industrial controls, and industry software that optimize complete product development and production processes.
Honeywell International was incorporated in 1985 and is headquartered in New Jersey, US. The company offers aerospace products and services; turbochargers; control, sensing, and security technologies for homes, buildings, and industry; specialty chemicals; process technology for refining and petrochemicals; electronic and advanced materials; and energy-efficient products and solutions for homes, business, and transportation. ADI-Gardiner, Grimes Aerospace, Honeywell Electronic Materials, Life Safety Distribution, and UOP Russell are the subsidiaries of Honeywell.
ABB was founded in 1988 and is headquartered in Zurich, Switzerland. The company offers power and automation technologies to diverse industries, including utilities, transport, and infrastructure.
The company's process automation division provides control systems, robots, controllers, and software systems for manufacturing and process industries. It sells its products through direct sales force and third-party network partners, including distributors, system integrators, and OEMs. The company also provides services that complement its products such as installation, training and life-cycle care, energy-efficiency appraisals, and preventive maintenance.
Emerson Electric was established in 1890 and is headquartered in Missouri, US. The company provides technology and engineering solutions for industrial, commercial, and consumer markets.
The company also provides systems and software, measurement and analytical instrumentation, valves, actuators, and regulators. It also provides reliability consulting, including digital plant architecture that allows communication of devices with centralized systems for industries such as petroleum, chemicals, F&B, pulp and paper, pharmaceuticals, and municipal water supplies.
Schneider Electric was founded in 1836 and is headquartered in Rueil-Malmaison, France. The company provides integrated energy management solutions. The company serves numerous markets such as energy and infrastructure, data centers and networks, buildings, residential, industries, and machines.
The company offers a wide of products, including boxes, cabling and interfaces, building management systems, bus, networks and communication, fuse switches, HMI, and motion and drives. It also provides motor starters, measurement and control relays, process automation and controls, PLC panel boards and switchboards, and power supplies and transformers. In addition, it offers protection relays and contactors, push buttons, switches and pilot lights, control stations and joysticks, sensors, radio-frequency identification systems, and signaling units.
Rockwell Automation was founded in 1903, and has headquarters in Milwaukee, Wisconsin, US. The company provides industrial automation power, control, and information solutions. It serves diverse industries, including F&B, transportation, oil and gas, metals, mining, and life sciences. The company sells products through independent distributors and direct sales force in the US, Canada, EMEA, APAC, and Latin America.
The company offers control platforms that perform multiple control and monitoring applications such as continuous, batch, and discrete process, drives control, motion control, and machine safety control. The product portfolio includes electronic operator interface devices, controllers, electronic I/O devices, communication, networking products, and industrial computers.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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