Wireless networks connecting with industrial users
World shipments of industrial products that are wireless-enabled are reportedly set to grow from an estimated 1.2 million to over 3 million in 2015.
The world shipments of industrial products that are wireless-enabled are set to grow from an estimated 1.2 million in 2009 to over 3 million in 2015, equating to a CAGR of 18%, according to IMS Research.
“Wireless automation has been a star performer – many vendors grew their business during the recession. This is because many users consider installing wireless communication very valuable – many are seeing a return on investment within a year. Future growth will be driven by finding new use cases for wireless.
“After end users have made the initial investment in wireless infrastructure, expanding wireless into more and more applications becomes even increasingly attractive,” said automation analyst Toby Colquhoun.
Confusion over different wireless technologies remains an issue for end users in process automation; despite this, vendors are selling much wireless hardware today. However, the lack of standardization will become more important in future applications with a longer payback period. End users have to be certain that they can source replacement parts for many years, if investment in these applications is to be attractive.
See more on industrial wireless from Control Engineering at www.controleng.com/wireless.
- Edited by Amanda McLeman, Control Engineering, www.controleng.com
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
- Survey Prize Winners
- CFE Edu
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