ARC reports: ABB tops process automation market share worldwide

Globalization is driving process manufacturers to improve plant performance in ways that would be inconceivable without modern process automation systems and business processes.

01/29/2008


Increasing pressure from globalization is driving process manufacturers to improve plant performance in ways that would be inconceivable without modern process automation systems and business processes. While globalization expands opportunities for these manufacturers, it also intensifies the challenges they face. They need to respond with agility to emerging market opportunities, and improve financial performance while dealing with a shrinking base of well-trained personnel.
In a just-released study, Automation Systems for the Process Industries , Dedham, Mass.-based ARC Advisory Group ranked ABB in the leading worldwide market position in the broad process automation market. In this report, ARC includes DCS, PLC, SCADA systems, safety systems, AC drives, general motion controls, software, and machine safeguarding sold to the process industries.
The study forecasts the total worldwide market for automation systems in the process industries, which was $30 billion in 2006, will grow by a compounded annual growth rate of 9.6 percent by 2011, to more than $47 billion.
The new ARC study also takes a look at the leading indicators shaping the growth of the global automation marketplace, from capacity utilization to productivity and industrial production, and how these will affect the market in the coming years. Despite troubles in the U.S. and Canadian economies, the global outlook for automation and manufacturing remains bright. Higher energy prices continue to contribute to increased capital investments and large project backlogs for oil, gas, and refining companies. The pharmaceutical and biotech industries remain strong, and growth in Asia and other developing regions remain high. Asia remains the center of growth, but the Middle East, Eastern Europe, and Latin America continue to show strong growth as well.
In addition to being the leading global supplier, ABB also was the top supplier in key global verticals including oil & gas, pulp & paper, and the EMEA (Europe/Middle East/Africa) region.





No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
Hannover Messe 2016: Taking hold of the future - Partner Country status spotlights U.S. manufacturing; Honoring manufacturing excellence: The 2015 Product of the Year Winners
Inside IIoT: How technology, strategy can improve your operation; Dry media or web scrubber?; Six steps to design a PM program
World-class manufacturing: A recipe for success: Finding the right mix for a salad dressing line; 2015 Salary Survey: Manufacturing slump dims enthusiasm
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
Warehouse winter comfort: The HTHV solution; Cooling with natural gas; Plastics industry booming
Managing automation upgrades, retrofits; Making technical, business sense; Ensuring network cyber security
Designing generator systems; Using online commissioning tools; Selective coordination best practices

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role that compressed air plays in manufacturing plants.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
click me