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Skilled Work Force Shortage and the Need for Maximum Asset Utilisation Drive Automation and Control Solution Services in EMEA Finds Frost & Sullivan - Automation and control solution services (ACS) in Europe, Middle East and Africa (EMEA) are in the initial growth stage
Skilled Work Force Shortage and the Need for Maximum Asset Utilisation Drive Automation and Control Solution Services in EMEA Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2009/09/29 - Automation and control solution services (ACS) in Europe, Middle East and Africa (EMEA) are in the initial growth stage.

   
 
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ACS suppliers have to work to their maximum potential to meet end-user demands for optimal returns from their assets. A shrinking skilled work force at end-user plants, coupled with the need for maximum asset utilisation, optimised production processes and energy efficiency is driving the demand for ACS services across process industries.

New analysis from Frost & Sullivan (industrialautomation.frost.com), EMEA Automation and Control Solutions Services Market, finds that the market is estimated to expand from $4.43 billion in 2008 to $8.41 billion in 2015, growing at a compound annual growth rate (CAGR) of 9.58 per cent. The product segments covered in this research are programmable logic controllers (PLC), distribution control system (DCS), supervisory control and data acquisition (SCADA), human machine interface (HMI), asset management (AM) and enterprise manufacturing intelligence (EMI).

"Despite the limited spending due to the economic meltdown, quality cannot be compromised and services continue to be a key tool in keeping the plant up and running," says Frost & Sullivan Research Analyst Khadambari Shanbagaraman. "Such services are advantageous to both end user and supplier, with the former achieving operational excellence and the latter gaining multi vendor expertise."

The increasing level of automation in process industries is boosting the demand for ACS services. Suppliers intend to build vertical expertise in the services market, what is beneficial to end users, as they are able to achieve maximum returns on their assets and on asset utilisation.

Diminishing budgets due to the global financial crises are restraining process industries from investing in automation services. Additionally, the conservative mindset of end users, who fail to realize the long-term benefits of services, remains a hindrance to services adoption. Once the economic situation stabilises, investment levels are set to rise. At the same time, it is anticipated that end users will also recognise the benefits of these services.

"Since services benefits are mostly non-monetary, end-users fail to realise its long-term benefits," explains Khadambari Shanbagaraman. "The challenge for most suppliers is not just to provide services, but also to understand the functioning of the end users’ business and accordingly customise their service offering."

Service providers should clearly articulate the benefits yielded by ACS services to the end users. Increasing main automation contracts underline the importance of automation and services across the end-user plant. Suppliers should work closely with sub-vendors to understand the end-user business model. Additionally, it is essential for suppliers to gain multi vendor and vertical domain expertise to effectively compete with other participants.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.

EMEA Automation and Control Solutions Services Market is part of the Industrial Automation & Process Control Growth Partnership Services program, which also includes research in the following markets: Strategic Analysis of World Manufacturing Execution Systems, Growth Dynamics and Trends in the World Enterprise Manufacturing Intelligence Markets, World Supervisory Control and Data Acquisition, and World Human Machine Interface (HMI) Product And Software Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.

EMEA Automation and Control Solutions Services Market / M370-10

 
 
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Skilled Work Force Shortage and the Need for Maximum Asset Utilisation Drive Automation and Control Solution Services in EMEA Finds Frost & Sullivan

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