Global Control & Processing Equipment Market to Exceed US$71.6 Billion by 2010, According to a New Report by Global Industry Analysts, Inc.
World Control & Processing Equipment market is projected to exceed US$71.6 billion by 2010. Led by industrialized regions, particularly the United States and Europe, the control & processing equipment industry is making strides into developing markets such as Asia-Pacific and Latin America. Global economic slowdown had dampened demand for control & processing equipment in majority of the markets, in the recent past. However, it is likely to usurp in the coming years, especially driven by the growing industrialization and automation in emerging markets.
San Jose, CA (PRWEB) March 5, 2008 -- Owing to the nature of the product and process controls, the Control & Processing Equipment market is primarily concentrated in the industrialized regions such as Europe and North America. Growth in various regions varies with the extent of industrial automation and technological development. The process controls market is expected to witness major shifts, such as PC-based controls replacing conventional systems and micro systems displacing larger ones, besides the addition of several new products and technologies.
Increasing global competition is forcing manufacturers to focus on aligning their production processes and minimize overall machine downtime. Programmable Logic Controllers (PLCs), are capable of controlling diverse machines/processes, and reduce human intervention while increasing working hours of the machines. More and more companies would implement such control systems as competitive pressure intensifies worldwide. In particular, micro and nano PLCs would witness remarkable growth as industries look for compact devices with comparative performance capabilities as larger systems.
Europe remains the largest Control & Processing Equipment market with sales estimated at US$20.5 billion in 2007. Control & Processing Equipment sales in Germany are projected to exceed US$9.5 billion by 2010. Latin America and Asia-Pacific are projected to emerge as the fastest growing markets worldwide over the period 2000-2010, with sales projected to increase at compounded annual rates of 3.8% and 3.8%, respectively. Control systems market dominates the global market for control & processing equipment with sales estimated at US$19.9 billion in 2007. Sensors, transducers, transmitters market is likely to offer the highest growth potential, with a CAGR of about 4% over the period 2000-2010.
Key players listed in the report include ABB, Cegelec, Danaher Corp., Dresser, Emerson Process Management, Endress+Hauser, GE Infrastructure, GE Fanuc Automation, Honeywell Industrial Automation & Control Solutions, Invensys PLC, Metso Automation Oy, MKS Instruments Inc., National Instruments Corp., Omron Corp., Rockwell Automation Inc., Schneider Electric SA, Siemens Energy & Automation Inc., Spectris Plc, Thermo Fisher Scientific Inc., and Yokogawa Electric Corporation.
"Control & Processing Equipment: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as Europe and the United States, alongside up and coming markets such as Asia-Pacific and Latin America. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities. Analytical estimates and projections are presented in terms of annual sales in US$ over the years 2000 through 2015. Product groups independently analyzed include control systems; PLCs market; sensors, transducers, and transmitters; indicators, displays, recorders market; and Others (process analytical instruments, actuators, and throttling valves).
For more details about this research report, please visit http://www.strategyr.com/Control_And_Processing_Equipment_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)strategyr.com
Web Site www.StrategyR.com
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