Frost & Sullivan: Undeveloped Industrial Base in Emerging ASEAN Countries Signifies Vast Potential for Automation Markets

Informations

• Publié par: frost-sullivan
• Nombre de lectures: 18
• Langue: English

Extrait

Frost & Sullivan: Undeveloped Industrial Base in Emerging ASEAN Countries Signifies Vast Potential for Automation Markets

PR Newswire SINGAPORE, Nov. 6, 2012

-Governments' support expected to attract foreign investment inLaos, Cambodia and Myanmar, driving automation

SINGAPORE,Nov. 6, 2012/PRNewswire/ -- The emerging markets of Laos, Cambodia, and Myanmar are still primarily agriculture-based economies with a negligible percentage of the workforce engaged in industrial activity. The low involvement could be due to the lack of skilled personnel, but it also translates to substantial potential for industrial advancement, if the countries' resources are utilized optimally.

New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com),Automation and Control Markets in Emerging ASEAN Countries (Laos, Cambodia, and Myanmar), finds that the total revenue in the automation and control market in Laos, Cambodia and Myanmar was$155.0 millionin 2011 and estimates this to reach$349.8 millionby 2018.

"Currently, oil and gas, power, and metals and mining are the major industrial end users of automation," saidFrost & Sullivan Research Analyst Krishnan Ramanathan. "The dependence on conventional systems is likely to reduce as there is demand for cleaner technologies, especially from the power industry."

The emphasis on green technologies is significant because Laos has suffered from deforestation, yet the country lacks crucial infrastructure. All the three countries are among the least developed in Asia and lack strong economic ties. However, this is about to change as governments have started to invest in newer technologies.

These countries had been held back so far due to an unfavorable political environment. Inadequate government initiatives had dissuaded foreign participation but this is expected to change with governments showing eagerness to bring in foreign investments and private participation from neighboring countries such as Thailand and Vietnam.

"The labor wages in Myanmar are lower than in most countries in the region. Of late, this has sparked interest," notes Ramanathan. "For instance, South Korea, which has 30 factories producing garments inMyanmar, plans to increase its investments here, as the political scenario is more stable now."

The automation and control market in Laos, Cambodia, and Myanmar is dominated by large multinationals as most projects are collaborative ventures with the government. As these countries lack proper infrastructure, considerable opportunities exist in areas such as water and wastewater management, oil and gas, and food and beverage.

If you are interested in more information on this research, please send an email toJessie Loh, Corporate Communications, [e-mail], with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Markets in Emerging ASEAN Countries (Laos, Cambodia, and Myanmar)is part of theIndustrial Automation & Process ControlGrowth Partnership Services program, which also includes research in the following markets: Chinese Positive Displacement Pumps Market, Analysis of the South African Automation and Control Solutions Market, and Automation Opportunities in the SEA and ANZ Smart Grid Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, w orks in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Propositionprovides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation. The Partnership Infrastructureis entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of m ore than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the