About Industrial PROFIBUS
PROFIBUS is a fieldbus that is used to connect field devices at the plant level and communicate data between field devices and control systems at the enterprise level. A PROFIBUS solution for a certain industry sector is implemented by combining suitable modules such as PROFIBUS PA for process automation, PROFIBUS DP for factory automation, PROFIdrive for motion controls, and PROFIsafe for safety applications. The communication technology used for PROFIBUS is PROFIBUS DP.
Technavio’s analysts forecast the global industrial profibus market to grow at a CAGR of 5.73% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial profibus market for 2017-2021. To calculate the market size, the report considers sales of new installed PROFIBUS nodes in industrial applications.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial PROFIBUS Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial profibus market: ABB, Emerson Electric, Rockwell Automation, Siemens, and Texas Instruments.
Other Prominent Vendors in the market are: Alstom, AMETEK, Applied Materials, Flowserve, Fuji Electric, General Electric, Hitachi, Honeywell International, Invensys, Mitsubishi Electric, and Robert Bosch.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of linking devices between Ethernet IP and PROFIBUS. The use of PROFIBUS is made easier because of the emergence of linking devices between Ethernet IP and PROFIBUS. The key function of these linking devices is to transfer large cyclic I/O data between two networks. It also provides support for acyclic data. This offloads PLCs from working with additional calculations.”
According to the report, one driver in the market is hybrid factor enabling sustainability of PROFIBUS in both discrete and process industries. The consistent communication protocol used by PROFIBUS enables the suitability of its hybrid applications in factory automation and process automation as well. Its hybrid applications are evident in industries such as food and beverage, oil and gas, and water and wastewater. These industries have a continuously running process, for example mixing or drying combined with discrete functions such as identifying, conveying, and packing. PROFIBUS DP is the common communication protocol used in these industries.
Further, the report states that one challenge in the market is transition to more Ethernet-based protocols. The demand for industrial ethernet developments has acted as a retraining factor for PROFIBUS in the industrial networks market, as it is fieldbus type. Among all the fieldbuses, only PROFIBUS is modified as PROFINET to run over the Ethernet. PROFINET, being an Ethernet-based protocol, has certain advantages over PROFIBUS such as easy to cable, easy to install, and easy to diagnose and manage networks. PROFINET merges the industrial experience of PROFIBUS as well as openness and flexible options of Ethernet.
ABB, Emerson Electric, Rockwell Automation, Siemens, Texas Instruments, Alstom, AMETEK, Applied Materials, Flowserve, Fuji Electric, General Electric, Hitachi, Honeywell International, Invensys, Mitsubishi Electric, and Robert Bosch.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook