Global Industrial Wireless Market in Process Automation 2015-2019
About Industrial Wireless Devices
Wireless devices are used both in process and discrete industries for a wide range of applications, including easy maintenance, control, and monitoring. Wireless devices are perceived as the next big technological step in industrial automation. However, their adoption has been moderate to date because of concerns on the robustness, reliability, and security of wireless technology. A need for automation in industries such as Oil and Gas, Automotive, Power, and Textile has created a need for industrial wireless.
TechNavio's analysts forecast the Global Industrial Wireless market in Process Automation to grow at a CAGR of 16.19 percent over the period 2014-2019.
Covered in this Report
The Global Industrial Wireless market in Process Automation can be segmented based on the following end-users: Oil and Gas Industry, Water and Wastewater Industry, Food and Beverage Industry, and Others.
TechNavio's report, Global Industrial Wireless Market in Process Automation 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Industrial Wireless Market in Process Automation 2015-2019
Technavio recognizes the following companies as the key players in the Global Industrial Wireless Market in Process Automation: Cisco Systems Inc., Emerson Electric Co., Honeywell International Inc., Siemens AG and Yokogawa Electric Corp.
Other Prominent Vendors in the market are: ABB, Belden, Exloc Instruments, Motorola, Moxa, Ruckus Wireless and Westermo
Commenting on the report, an analyst from Technavio’s team said: “One major trend upcoming in this market is the integration of various wireless technologies such as WLAN, Bluetooth, VoIP, Zigbee, and wireless sensors. The interoperability of technologies is a major issue, and vendors are trying to address it by working closely with end-users.”
According to the report, one of the major factors driving the growth of this market is the advances in technologies. The increase in R&D has resulted in more reliable wireless devices. This factor coupled with the advantage of remote monitoring is positively affecting the market growth.
Further, the report states that one of the major challenges in this market is the reluctance to shift to wireless automation. The lack of awareness among end-users regarding the advantages of wireless technology and the fact that they have already invested significantly in cables make them reluctant to shift to wireless technology.
Cisco, Emerson Electric , Honeywell International , Siemens , Yokogawa Electric , ABB, Belden, Exloc Instruments, Motorola, Moxa, Ruckus Wireless, Westermo