Frost Radar in the Industrial Automation Market

Frost Radar in the Industrial Automation Market

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
12-Nov-2019
REGION
Global
Research Code: K3E0-01-00-00-00
SKU: IA01552-GL-MR_23741

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
IA01552-GL-MR_23741

$4,950.00

$3,712.50 save 25 %

DownloadLink

Pay by invoice

ENQUIRE NOW

Description

The global industrial automation market is set for a paradigm shift as end-user industries step up their investments to concentrate on expanding plant capacity with modular equipment and digital technologies. With a focus on digital transformation, there is an equal emphasis on improving reliability and efficiency of assets on site. Companies are investing in Industrial Internet of Things technologies, remote condition monitoring, and diagnostics to address unmet maintenance needs and emphasize predictive maintenance. Data has become the most strategic asset: success depends on how data is utilized. Automation majors have realigned their market strategies to capture opportunities offered by digitization.

Asset management subscriptions are on the rise. Critical asset class monitoring fetched higher-value subscriptions, while key value drivers have lowered the cost of monitoring non-critical asset classes. In addition, refurbishment of aging infrastructure, coupled with growth in the power generation, automotive, and food and beverage verticals, will intensify demand for industrial automation solutions. Digital play was more focused on hardware and software. As customer capabilities decline, the focus will shift to managed services. Automation vendors have started to develop strategies to enter the managed services market.

All automation vendors’ cash cows are control and sensor platforms. However, over the next decade, a shift will progress towards service-driven monetization.

From a geographical perspective, the Asia-Pacific region will continue to be the largest market, driven by the economic growth in nations such as India and Indonesia.

A total of 21 companies were analyzed and evaluated for the growth and innovation leadership. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Table of Contents

Industry Overview

The Frost Radar

Frost Radar—Description of Companies Plotted

ABB

Advanced Motion Controls (AMC)

AMETEK

Beckhoff Automation

Bosch Rexroth AG

Emerson

Endress+Hauser (E+H)

General Electric (GE)

Hitachi

HollySys Automation Technologies Ltd

Honeywell

IDEC Corporation

KROHNE Ltd

Metso

Mitsubishi Electric

Omron

Rockwell Automation

Schneider Electric

Siemens

Valmet

Yokogawa

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Related Research
The global industrial automation market is set for a paradigm shift as end-user industries step up their investments to concentrate on expanding plant capacity with modular equipment and digital technologies. With a focus on digital transformation, there is an equal emphasis on improving reliability and efficiency of assets on site. Companies are investing in Industrial Internet of Things technologies, remote condition monitoring, and diagnostics to address unmet maintenance needs and emphasize predictive maintenance. Data has become the most strategic asset: success depends on how data is utilized. Automation majors have realigned their market strategies to capture opportunities offered by digitization. Asset management subscriptions are on the rise. Critical asset class monitoring fetched higher-value subscriptions, while key value drivers have lowered the cost of monitoring non-critical asset classes. In addition, refurbishment of aging infrastructure, coupled with growth in the power generation, automotive, and food and beverage verticals, will intensify demand for industrial automation solutions. Digital play was more focused on hardware and software. As customer capabilities decline, the focus will shift to managed services. Automation vendors have started to develop strategies to enter the managed services market. All automation vendors’ cash cows are control and sensor platforms. However, over the next decade, a shift will progress towards service-driven monetization. From a geographical perspective, the Asia-Pacific region will continue to be the largest market, driven by the economic growth in nations such as India and Indonesia. A total of 21 companies were analyzed and evaluated for the growth and innovation leadership. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
More Information
No Index No
Podcast No
Author Rohit Karthikeyan
Industries Industrial Automation
WIP Number K3E0-01-00-00-00
Is Prebook No
GPS Codes 9593,9420