Industrial Automation: Computers and robots have been replacing manual labor in a number of industries since long – be it healthcare or manufacturing. While industrial automation ensures several promising advantages including superior quality and uniformity, greater productivity, increased safety, improved information accuracy, and reduced operating cost, critics of this industrial phenomenon argue that the switch from human to automatic production line is an investment not many are willing to make.
Foresight is the key to success in the industrial automation sector and companies have been focusing on predictive as well as reactive maintenance to boost operational uptime and significantly reduce costs. Backed by predictive analytics and research strength, Persistence Market Research provides intelligent solutions for the Industrial Internet of Things (IIOT), which makes automation easier and more economical to implement, while at the same time, delivering high value. PMR’s solutions allow companies to elevate their business performance in the global industrial automation market.
Distributed Control System (DCS)
Looking to quell the surging power demand from around the world, countries have been expanding their power generation capacities by heavily investing in conventional and non-conventional power plants. The growth of industrial infrastructure in the emerging markets of Asia Pacific and the Middle East and Africa has significantly impacted the demand for distributed control systems (DCS), which effectively address the complex process automation challenges faced by leading end users.
The host of features offered by DCS, including extended equipment life, centralized maintenance in an industrial environment, flexibility, and simplicity of new equipment integration, make DCS ideal for use in petrochemical and refineries, power plant systems and boiler controls, environmental control systems, metallurgical process plants, sugar refining plants, formation control of multi-agent systems, chemical plants, pulp and paper mills, nuclear power plants, water management systems, pharmaceutical manufacturing, and bulk oil carrier and dry cargo ships.
Stakeholders and solution providers within the DCS market benefit from Persistence Market Research’s expertise in providing customized solutions for all their research queries and zeroing in on the most profitable and strategic business decisions.
While the escalating demand for process automation in various industries is single-handedly driving the deployment of supervisory control and data acquisition (SCADA) systems, it is the introduction of cloud-based SCADA systems that has truly changed the pace this market has been expanding at. Owing to their unique feature of gathering information from remote field devices and permitting the control and monitoring of several processes through a centralized computer, SCADA systems are used across large distances spanning multiple sites.
Remote sharing and accessing of data, more server space, and cheaper operating expenses have encouraged technology firms to offer cloud-based SCADA systems as a “service”. However, this comes with its own set of challenges and the proactive adoption of these systems is restricted due to the performance, reliability, and security issues highlighted by several users. SCADA systems are used in a number of infrastructural, industrial, and facility processes in sectors such as power, oil and gas, and water and wastewater management.
Backed by the extensive research that Persistence Market Research offers in this ever-growing field, clients are capable of turning challenges into opportunities in the most practical, sustainable, and cost-effective manner.
Programmable Logic Controls (PLC)
The economic turbulence of 2012 had an adverse impact on the programmable logic controls (PLC) market and the developed world bore the brunt of this phenomenon. Even though the following years saw positive growth in most of Europe and North America, the strongest contenders were emerging regions such as Asia Pacific. Increased activity in the water and wastewater, construction, and power industries brought on the growing need to improve efficiency and enhance safety and control capabilities. The desire to gain operational dexterity, be involved in consistent process planning, and optimize assets has also driven the uptake of PLC. Players within the industry have been developing products with innovative control and design functions, boosted by pricing innovation and a surge in technology. The challenge, here, is keeping an eye on strengthening the security features in PLC software, hardware, and network infrastructure.
Persistence Market Research’s growth strategies for established as well as emerging players help clients prepare for not just the wave of technological trends but also evolving customer dynamics and impending hurdles.
Human Machine Interface (HMI)
Human machine interface (HMI) is fast becomingthe force behind organizations dealing with consumer electronics, automobiles, gaming, healthcare, aerospace and defense, and others. The growing adoption of industrial automation and factory automation equipment in the manufacturing sector has significantly driven the need for human machine interface. With the integration of analytics software with products and the integration of Wi-Fi and Bluetooth in these products, the quality, productivity, and mobility of these devices have increased tremendously.
Key players within the HMI industry are mainly focused on developing new technologies and products with innovative variations to withstand the intense competition that characterizes this industry.The automotive sector has been the latest end-use industry to benefit from HMI. Advanced display technologies in the form of HMI have transformed the car dashboard layout from a static to a more dynamic, flexible, and adaptable design, signaling the advent of intelligent vehicle systems.
Our team of researchers and analysts at Persistence Market Research is always on top of the current and projected trends in the field of industrial automation, giving clients a chance to capitalize on these opportunities and gain a competitive edge over others.
Product Lifecycle Management (PLM)
The defense, aerospace, and industrial equipment industries have been the major targets of product lifecycle management (PLM) service providers for long, given the fact that clients are no longer satisfied with basic installation services and are looking for more advanced solutions such as project or program management and supply chain management. However, the demand for PLM software from non-traditional end-use sectors has risen in recent years, with the fashion industry topping the list. The adoption of 3D technologies and smart fabrics by leading fashion houses, for instance, has spurred the demand for a more streamlined product development process. Product lifecycle management offers organizations innumerable benefits, including improvement in product quality, enhancement of product reliability, and product cost minimization.
Persistence Market Research helps clients match market demands by zeroing in on the key growth prospects and identifying the multiple challenges faced by companies dealing with PLM software and solutions. The impact of globalization, innovation, digitization, and mass customization is studied in a way that empowers clients to be ahead of the game.
The profusion of data, connectivity, and connected devices has facilitated a new understanding of how living environments can be enhanced. A world where not just homes and offices, but entire cities are governed by smartphones, sensors, and real-time data analytics; where the flow of traffic is controlled and monitored remotely; and where water systems and electricity are efficiently adjusted as per customer needsis not a world of science fiction but one that is ruled by smart systems.
The connected household is a concept that promises to reduce the burden on the environment and at the same time, save households money. The home of the future is closer to becoming a reality thanks to the development and adoption of smart systems initiatives such as IBM’s Smarter Planet, Google’s driverless cars, and GE’s smart hospital room.
Realizing the immense potential this niche market possesses, our analysts at Persistence Market Research are dedicated to helping clients benefit from the smart systems market. With the declining price of embedding devices with connectivity and intelligence, PMR helps clients looking to push smart systems further into the mainstream.
Energy efficiency has been the biggest driving force for the demand for power equipment in industrial automation. This has been brought on by the demand for more sophisticated machine control and strict energy regulations pertaining to motor efficiency. In the recent past, the trade of industrial automation equipment has been rather weak owing to fluctuating economic conditions in Europe as well as China. However, the strengthening of these economies coupled with major technological innovations in industrial automation is likely to spur the demand for power equipment. The development of autonomous robots and the shift from mechanical to electrical equipment have brought about a transition in the automatic factory, solidifying the performance of various sectors, including oil and gas, power generation, tobacco, and food and beverages.
Tracking the major industry trends that continue to transform manufacturing and various other industrial processes is the expert team at Persistence Market Research. Our skilled and dedicated analysts leave no stone unturned to give clients the very best in market intelligence.
The deployment of industrial robotics in the manufacturing sector has received a mixed response from those within the industry. On the one hand, their ability to perform complex, repetitive, and dangerous tasks with precision and speed is a major advantage to manufacturing companies. In addition, the financial benefits of industrial robots arising from the reduction in overheads, increased productivity, flexibility, and waste reduction have spurred their adoption in a number of organizations. On the other hand, the high installation costs, the need for advanced system engineering, and the skills required to manage these robots are challenges that inhibit companies from adopting them.
Be that as it may, industrial robots have been gaining rapid prominence with the development of sophisticated sensors, the advancements in artificial intelligence, and the introduction of robots with integrated touch and sensors. Moreover, despite what critics say, the use of industrial robots actually generates a host of employment opportunities through activities related to the design, development, promotion, sale, installation, operation, and maintenance of the robots.
Persistence Market Research offers its clients sharp competitive, application, regional, technological, and product insights into this rapidly expanding market segment and pushes them to overcome the price and tech barriers to consumer adoption.