Industrial PROFIBUS - Global Market Outlook (2017-2023)
According Stratistics MRC, the Global Industrial PROFIBUS Market is expected tgrow at a CAGR of 6.8% during the forecast period. A process field bus is used tconnect field devices at the plant level and communicate data between control systems and field devices at a project level. Industrial process field bus uses PROFIBUS DP as communication technology. Factors such as growing acceptance of smart manufacturing techniques, high adoption of industry 4.0 and many hybrid factors enabling sustainability of PROFIBUS in both discrete and process industries are favoring the market growth. However, shift tmore Ethernet-based protocols is one of the major challenges creating a hurdle in the market.
Based on solution, PROFIBUS PA is extensively adopted by many industries such as water and wastewater, oil and gas, food and beverage and power. It is specially used twork in harmful environments which made customers tchoose this solution as it maintains the high criticality of process industries.
By end user, power industry is broadly relies on PROFIBUS because it provide preventive maintenance for instruments. This power industry is the largest end user segment because of PROFIBUS faster communication between automation systems and distributed peripherals.
Depending on geography, EMEA was the largest market share during the forecast period owing texistence of several industries such as oil and gas, power and automotive in this region.
Some of the key players in this market include Mitsubishi Electric, Hitachi, Fuji Electric, Applied Materials, Alstom, Robert Bosch, Invensys, General Electric, Flowserve, AMETEK, Texas Instruments, Rockwell Automation, ABB Group, Siemens AG and Emerson Electric Co.
End Users Covered: • Automotive • Water and wastewater • Oil & Gas • Power
Regions Covered: • North America US Canada Mexico • Europe Germany U.K. Italy France Spain Rest of Europe • Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific • South America Argentina Brazil Chile Rest of South America • Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements