MRO Magazine

Technavio Says Higher Efficiency in Plant Operations Will Fuel the Global Human Machine Interface Market Through 2019


April 28, 2015
By Business Wire News

LONDON

The growing need for higher efficiency in operations is expected to propel the global human machine interface market, which is expected to grow at a CAGR of 7.73% from 2015-2019, says research firm Technavio.

About the Report

The need for higher efficiency in plant operations is driving the packaging, food and beverage, and automotive industries to adopt human machine interface (HMI) devices. There is a demand for reducing human interface and increasing real-time monitoring and process control to prevent damage to life and property.

“The use of automation systems reduce maintenance costs and machine downtime, and increase productivity by providing accurate operations information to improve the decision-making process,” says Faisal Ghaus, Vice President of Technavio.

According to the latest market research report by Technavio, the need to innovate and develop advanced human machine interface devices is expected to make vendors in the market invest more in their R&D capabilities. Vendors are increasingly developing multi-touch panels for HMIs because of increased uptake of smartphones and other touch devices.

Market Scope and Calculation of Market Size

This report covers the present scenario and the growth prospects of the global HMI market for the period 2015-2019. The report includes two major revenue segments: software and services. It considers revenue generated from HMI licenses and services.

Key Information Covered in the Report:

  • Key Vendors:
    • General Electric Co.
    • Rockwell Automation Inc.
    • Schneider Electric Co.
    • Siemens AG
  • Market Growth Drivers:
  • Market Challenges:
  • Market Trends:
    • Transition to multi-touch HMI devices
    • For a full detailed list, view our report.

Technaviocurrently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the HMI market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jes Ellacott
Media & Marketing Executive
US: +1-630-333-9501
UK: +44-208-123-1770
www.technavio.com
media@technavio.com