LONDON--(BUSINESS WIRE)--According to the latest research study released by Technavio, the global manufacturing execution systems (MES) market in process industries is expected to record a CAGR of more than 16% until 2020.
This research report titled ‘Global Manufacturing Execution Systems Market in Process Industries 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. To calculate the market size, Technavio researchers have considered the revenue generated from sales and aftermarket services of MES in process industries.
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“Traditionally, MES, ERP, and PLM have been different parts of the manufacturing environment. However, these isolated systems are now combined together to help organizations produce adequate data to get an overarching look at how a company was functioning. PLM contains all the information about the design of the product and related manufacturing process. MES acts as a central system for managing all manufacturing information, including resource allocation, manufacture planning, supply chain information, and quality inspection,” said Bharath Kanniappan, one of Technavio’s lead research analysts for automation.
Global manufacturing execution system market in process industries 2015
- Chemical 24.61%
- Oil and gas 23.36%
- F&B 17.76%
- Pharma 17.13%
- Power 15.89%
- Others 1.25%
Source: Technavio research
Global MES market in chemical industry
The global MES market in the chemical industry generated USD 790 million in 2015. The chemical industry requires sufficient expertise and insight in the entire production process to track materials and determine inconsistencies in the process. MES offers traceability solutions and collects and captures data to find the source of problems across the manufacturing process.
MES software in the chemical industry offers transparency and efficiency and improves the workflow between transport, stock keeping, process, and laboratory. It also provides a wide range of applications for planning, implementation, and documentation of production processes. The chemical industry generates final products through complex manufacturing processes that create toxic by-products and waste. The use of automation solutions like MES enables smooth operations with effective production process, minimal wastage and downtime, and safe waste disposal. Therefore, end-users adopt MES solutions to achieve comprehensive control and visibility of the manufacturing plant.
Global MES market in oil and gas industry
The global MES market in the oil and gas industry generated USD 750 million in 2014. The oil and gas industry has diverse parallel operations that require through planning by the means of scheduling, executing, and monitoring, to realize the financial potential of assets. In the oil and gas industry, the main operational processes consist of sequential parts such as production, treatment, transportation, and realization of hydrocarbon products that require high cycle time. MES software helps reduce the cycle time by monitoring and providing appropriate control signals to production units.
Global MES market in pharmaceutical industry
The global MES market in the pharmaceutical industry generated USD 550 million in 2015. MES in the pharmaceutical industry mediates between business administration functions (planning, control, production, and sales) and automation of production processes. MES control optimizes documentation processes executed at the shop floor in compliance with pharmaceutical requirements. MES is suitable for a wide range of processes such as chemical manufacturing of APIs, and it also performs operations on APIs in solid and pharmaceutical forms. Implementation of MES in healthcare therefore helps companies in effective batch processing and packaging operations.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
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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