LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global industrial wireless market in process industries report. This research report also lists seven other prominent vendors that are expected to impact the market during the forecast period.
At present, wireless solutions in process industries are mostly deployed by large-scale businesses. Several small- and medium-scale industries prefer wired technologies due to a shortage of funds for implementation of wireless technology. Applications such as power generation, water treatment, and real-time video monitoring require high data transfer rate. Therefore, most technology absorption is in oil and gas, petrochemical, power, and water and wastewater industries.
Competitive vendor landscape
The global industrial wireless market in process industries is highly competitive with vendors typically contending based on four major factors — price, quality, innovation, and performance. Vendors are expected to enhance their product and service delivery by investing heavily in R&D and incorporating a high degree of customization in their offerings.
“To expand their market share and increase client base, vendors are likely to opt for strategic partnerships with other vendors. As a result, M&A will be a key development during the forecast period. At present, the market promises high revenue potential for the vendors,” says Bharath Kanniappan, a lead automation research analyst from Technavio.
Vendors need to focus on developing technologies that can overcome interoperability challenges that are being faced by the end-user industries. In addition, digital training of both employees and end-users in the wireless technology front needs to be imparted for closing the gap between system requirement and service delivery.
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Top five industrial wireless market vendors in process industries
In the global industrial wireless market, Belden’s products including access points, WLAN controllers, and antennas are easily deployable across harsh and extreme industrial conditions. The solutions offered by the company empower the end-user with mobility, high network connectivity, and flexibility in the industrial set-up.
Cisco is one of the reputed companies in the global industrial wireless market. The company designs wireless infrastructure solutions for process industries worldwide. It also engages in the design and engineering of cloud-based system management solutions that help in optimizing the data center performance and network operations.
In the industrial wireless segment, Eaton’s ELPRO range of products provides wireless monitoring and control technologies to the industries. The product portfolio includes wireless, Ethernet switches, and network management solutions. The range of products manufactured by the company help to optimize operational costs and are mainly deployed by water and wastewater, oil and gas, chemicals, pharmaceutical and other process industries.
In the global industrial wireless market in process industries, Rockwell Automation designs and manufactures network architecture solutions for process industries. Its range of products are sold through affiliated distributors located globally and through direct sales to the end-users in cases a client demands a certain degree of customization in the offering.
In the area of wireless communication, Siemens designs and engineers innovative products and solutions for flexible and efficient automation systems. The range of products and solutions manufactured include remote networking technology, WLAN, WHART, and WiMAX.
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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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