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Industrial Automation and Process Control - The Big Three Predictions by Frost & Sullivan

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Industrial Automation and Process Control - The Big Three Predictions by Frost & Sullivan PR Newswire LONDON, May 30, 2012 - Key areas of growth will be energy efficiency and sustainability, smart technologies and the influence from BRIC and other emerging economies LONDON, May 30, 2012 /PRNewswire/ -- Frost & Sullivan released its three big predictions for the industrial automation and process control market. Energy efficiency and sustainability, smart technologies and the influence from BRIC and other emerging economies will be the key topics in 2012 and beyond. Based on a survey of several hundred companies conducted in December 2011, this research paper highlights areas of growth. "Energy efficiency, advanced technology and geo-economics will transform the face of industrial automation in the future. Along with sustainability, these factors are set to influence product design, project cost and service capabilities of industrial automation vendors in the next-generation enterprise," comments Muthukumar Viswanathan, Director for Automation and Process Control at Frost & Sullivan. The key themes outlined below feature heavily in Frost & Sullivan's industrial automation and process control research programme for 2012. A key driver for the research is the work Frost & Sullivan has been conducting around Mega Trends which are driving new and emerging market segments for key industry participants.
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Industrial Automation and Process Control -
The Big Three Predictions by Frost & Sullivan
PR Newswire
LONDON, May 30, 2012
-
Key areas of growth will be energy efficiency and sustainability,
smart technologies and the influence from BRIC and other emerging
economies
LONDON
,
May 30, 2012
/PRNewswire/ -- Frost & Sullivan released its three big
predictions for the industrial automation and process control market. Energy
efficiency and sustainability, smart technologies and the influence from BRIC
and other emerging economies will be the key topics in 2012 and beyond.
Based on a survey of several hundred companies conducted in
December
2011
, this research paper highlights areas of growth. "Energy efficiency,
advanced technology and geo-economics will transform the face of industrial
automation in the future. Along with sustainability, these factors are set to
influence product design, project cost and service capabilities of industrial
automation vendors in the next-generation enterprise," comments Muthukumar
Viswanathan, Director for Automation and Process Control at Frost & Sullivan.
The key themes outlined below feature heavily in Frost & Sullivan's industrial
automation and process control research programme for 2012. A key driver for
the research is the work Frost & Sullivan has been conducting around Mega
Trends which are driving new and emerging market segments for key industry
participants.
Energy efficiency and sustainability
Sustainability, in terms of energy and resource efficiency, will be a key
ingredient for the success of the global manufacturing industry. The growing
focus on the implementation of energy efficient solutions in both process and
discrete industries will also promote sustainable manufacturing. Energy
efficiency concerns will dominate business in the electric motors market, with
class IE3 energy efficiency - a stricter requirement compared to class IE2
energy efficiency - required in 2015. In addition, wastewater treatment and
handling pumps will dominate traditional water pumps across the globe. All in
all, the four major spheres of influence that will determine business models in
future factories are Integrated Enterprise Ecosystem, Sustainability, Life Cycle
Assessment and Eco-Efficiency Analysis.
Smart technologies
Factories of the future will be driven by megatrends such as cloud computing,
cyber security and mobile and wireless communication technologies. The need
for higher productivity and greater efficiency will drive organisations to
implement greater interaction between the factory floor and enterprise across
all end-users. This will be achieved also by leveraging on technology to provide
automation solutions enabling end-users to gain a competitive edge in the
global market. Asset management and flexible manufacturing will also drive
factory integration with enterprise, and the will be high potential for automation
and customised service solutions in industrial applications.
BRIC and other emerging economies