MRO Magazine

Research and Markets: Automation and Instrumentation Market in Power Industry in Europe 2015-2019


June 25, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/rfjpxd/automation_and) has announced the addition of the “Automation and Instrumentation Market in Power Industry in Europe 2015-2019” report to their offering.

The analysts forecast the automation and instrumentation market in power industry in Europe to grow at a CAGR of 5.11% over the period 2015-2019.

Key Vendors

– ABB

– Emerson Process Management

– Honeywell International

– Schneider Electric

– Siemens

Other Prominent Vendors

– GE

– Mitsubishi Electric

– Rockwell Automation

– Yokogawa Electric

Commenting on the report, an analyst from the team said: End-users in the power industry in Europe are increasingly looking for automation and instrumentation manufacturers that can provide complete solutions to meet their requirements. MACs are responsible for coordinating, installing, and maintaining all automation and related activities for customers. The growing popularity of the MAC concept has also encouraged automation and instrumentation manufacturers to become one-stop solution providers in the power industry. The MAC concept is proven to save 10-30% compared to the traditional multi-vendor approach. This concept provides not only a hassle-free environment to customers but also an ideal platform for automation and instrumentation manufacturers to consolidate their market share. This also enhances the trust and confidence of the customers.

The author predicts that increased investment in smart grid technologies influencing the adoption of automation solutions will have a powerful impact throughout the forecast period.

For more information visit http://www.researchandmarkets.com/research/rfjpxd/automation_and

About Research and Markets

Research and Markets is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets
Laura Wood, Senior Manager
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Sector: Power, Industrial Automation