|By Business Wire||
|May 21, 2014 02:21 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/3wqkcf/global_industrial) has announced the addition of the "Global Industrial Automation Services Market 2014-2018: ABB, Honeywell International Inc., Rockwell Automation & Siemens Dominate the Industry" report to their offering.
The Global Industrial Automation Services market to grow at a CAGR of 10% to 2018
One of the major drivers in this market is the need to optimize the overall operational cost for end-users. Effective deployment of automation services helps companies take advantage of the provider's expertise to reduce their plant maintenance and project operating costs.
The surge in the number of manufacturing activities being outsourced to several Asian countries including India and Japan is one of the major drivers of the Global Industrial Automation Services market. The main reason for the increased outsourcing of manufacturing activities to India is the easy availability of low-cost labor and the government's flexible policies. India and Japan are the most favoured destinations among several countries for the outsourcing of manufacturing activities. For instance, many automobile manufacturers have set up their production plants in India and Japan to optimize their production processes. The outsourcing of manufacturing processes to these countries encourages manufacturers in these countries to use automation systems in their manufacturing units to improve their plant operation and to comply with international standards.
Further, the report states that one of the major challenges in this market is the need for high initial investment. The end-users have to invest heavily to deploy the latest automation solution technology and various automation services in order to enhance their operational efficiency and optimize their overall operational cost.
Key vendors dominating this space are
- ABB Ltd.
- Honeywell International Inc.
- Rockwell Automation Inc.,
- Siemens AG.
Other vendors mentioned in the report are
- Applied Material Inc.
- Apriso Corp.
- Aspen Technologies Inc.
- Camstar Systems Inc.
- Control Systems International Inc.
- Emerson Electric Co.
- Eyelite Inc.
- GE Co.
- Invensys plc
- Metso Corp.
- Miracom Inc.
- Mitsubishi Heavy Industries Ltd.
- Omron Corp.
- SAP AG
- Schneider Electric SA
- Toshiba International Corp.
- Werum Software & Systems AG
- Yokogawa Electric Corp.
For more information visit http://www.researchandmarkets.com/research/3wqkcf/global_industrial
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