ARC: Wireless market to top $1.2 billion by 2012
The market for wireless devices and equipment in process manufacturing will grow to over $1.1 billion in 2012, a growth rate of 32% per year, according to a new ARC Advisory Group study “Wireless in Process Manufacturing Worldwide Outlook.”
The market for wireless devices and equipment in process manufacturing will grow to over $1.1 billion in 2012, a growth rate of 32% per year, according to a new ARC Advisory Group study “ Wireless in Process Manufacturing Worldwide Outlook ”. The data in this study is from 2007 and includes a forecast of market growth through the year 2012.
The market will also change its character during the period, as new standardized wireless sensing products and hardened wireless local area networks penetrate the process market. Deployment of wireless in continuous process manufacturing industries (such as chemicals, oil and gas, oil refining, electric power, mining and metals) has lagged other manufacturing industries, such as automotive and aerospace, because process plants are often larger and located mainly outdoors, and because the presence of dangerous and potentially explosive materials mandates use of equipment carrying special certifications.
Wireless process sensing is expected to be the fastest growing market segment. Today it accounts for only a small portion of the total market, but according to ARC, it will become the largest segment during the next five years, as the market absorbs a deluge of new wireless sensing products that comply with wireless versions of industrial standards.
Two industrial networking standards, WirelessHART and ISA100 , both use the same sensor radio hardware as the ZigBee standard, but with their own software. The driving force for wireless process sensing is its dramatically lower installation cost, which ARC believes will cause the normal change-averse process industries to use it wherever they can, leading to more rapid adoption.
Wireless LAN use will also grow rapidly, spurred by the introduction of new access point products that can safely be installed in the hazardous environments that may be present in such plants.
“Manufacturers in the process industries know that they need better visibility into operations that occur inside their own fence,” said Harry Forbes, senior analyst at ARC Advisory Group. “ARC’s end user research indicates that manufacturers believe better visibility has huge potential value in the form of more consistent use of best practices, higher plant utilization and improved operational safety.”
For more information on this study, go to: www.arcweb.com/res/wireless .
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In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.