MRO Magazine

Research and Markets: Global Industrial Wireless Market in Process Automation 2015-2019 with Cisco, Emerson Electric, Honeywell International, Siemens & Yokogawa Electric Dominating


July 1, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/9zt3j7/global_industrial) has announced the addition of the “Global Industrial Wireless Market in Process Automation 2015-2019” report to their offering.

The Global Industrial Wireless market in Process Automation to grow at a CAGR of 16.19% over the period 2014-2019.

Wireless devices are used both in process and discrete industries for a wide range of applications, including easy maintenance, control, and monitoring. Wireless devices are perceived as the next big technological step in industrial automation. However, their adoption has been moderate to date because of concerns on the robustness, reliability, and security of wireless technology. A need for automation in industries such as Oil and Gas, Automotive, Power, and Textile has created a need for industrial wireless.

One major trend upcoming in this market is the integration of various wireless technologies such as WLAN, Bluetooth, VoIP, Zigbee, and wireless sensors. The interoperability of technologies is a major issue, and vendors are trying to address it by working closely with end-users.

According to the report, one of the major factors driving the growth of this market is the advances in technologies. The increase in R&D has resulted in more reliable wireless devices. This factor coupled with the advantage of remote monitoring is positively affecting the market growth.

Further, the report states that one of the major challenges in this market is the reluctance to shift to wireless automation. The lack of awareness among end-users regarding the advantages of wireless technology and the fact that they have already invested significantly in cables make them reluctant to shift to wireless technology.

The Global Industrial Wireless market in Process Automation can be segmented based on the following end-users:

  • Oil and Gas Industry
  • Water and Wastewater Industry
  • Food and Beverage Industry
  • Others.

Key Vendors

  • Cisco
  • Emerson Electric
  • Honeywell International
  • Siemens
  • Yokogawa Electric

Other Prominent Vendors

  • ABB
  • Belden
  • Exloc Instruments
  • Motorola
  • Moxa
  • Ruckus Wireless
  • Westermo

For more information visit http://www.researchandmarkets.com/research/9zt3j7/global_industrial

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Engineering, Industrial Automation