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Demand for Advanced Technical Features Supports Growth of the European Human Machine Interface Market - Factors such as the need for technically enhanced human machine interface (HMI) in Europe and the availability of growth opportunities in price-sensitive markets such as Eastern Europe will intensify the competition among vendors in the HMI market
Demand for Advanced Technical Features Supports Growth of the European Human Machine Interface Market

 

NewswireToday - /newswire/ - London, United Kingdom, 2011/01/26 - Factors such as the need for technically enhanced human machine interface (HMI) in Europe and the availability of growth opportunities in price-sensitive markets such as Eastern Europe will intensify the competition among vendors in the HMI market.

   
 
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Although the financial crisis affected most end-user sectors across the world, the demand for HMI has been sustained through government-aided stimulus packages in key end-user segments. Steady market expansion will derive from end users looking beyond conventional HMI functionalities to more advanced technical features.

New analysis from Frost & Sullivan (industrialautomation.frost.com), Strategic Analysis of the European Human Machine Interface Market, finds that the market earned revenues of $541.9 million in 2009 and estimates this to reach $819.7 million in 2016. The study covers discrete and process industries.

The increasing importance of sophisticated and high-definition displays will support market prospects. The visualisation factor, which communicates the system parameters and displays the execution of the process on a screen, is highly valued by shop floor operators.

"The need for newer and more sophisticated displays is gaining importance, " notes Frost & Sullivan Industry Analyst Sivakumar Narayanaswamy. "The ability of an HMI to fulfill this demand is continuing to drive the growth of the HMI market."

Increased government spending on infrastructure, including power and water, is also strengthening the market’s growth potential. As an effect of the recession of 2008-2009, governments of developed economies have been aiding investments in infrastructure development, primarily in the power segment and for smart grid projects. This has resulted in a boom in the utilities segment, especially in the use of HMI applications.

A main challenge relates to the fact that end users are looking beyond the conventional functionality of HMI. Currently, customers are not satisfied with the usual features of data monitoring offered by HMI. They want the system to be more intelligent and intuitive.

"Software is the key to intelligent HMI solutions, " states Narayanaswamy. "An appropriate mix of technologically advanced hardware and software will successfully address the demand for more intelligent functionality."

Additionally, the advent of HMI integrated with video capabilities will enable proactive diagnostics in the event of a fault. HMI vendors need to focus on such intuitive trends to meet customer requirements.

If you are interested in more information about this study, please send an email to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com, with your full name, company name, title, and contact details.

Strategic Analysis of the European HMI Market is part of the Industrial Automation & Process Control Growth Partnership Services programme, which also includes research in the following markets: Strategic Analysis of the European Supervisory control and Data Acquisition (SCADA) Market, World Human Machine Interface Market, Strategic Analysis of Automation and Control Solutions in European Water and Wastewater Sector and World Automation and Control Solutions Market in Power Industry. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com) , 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 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

Strategic Analysis of the European Human Machine Interface Market / M612-10

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Demand for Advanced Technical Features Supports Growth of the European Human Machine Interface Market

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