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Rapid Industrialization Cement Foundation Technology's Impact in Fieldbus Market Finds Frost & Sullivan - Faster Fieldbus Technologies needed to stave off competition from conventional systems - IndustrialAutomation.frost.com
Rapid Industrialization Cement Foundation Technology's Impact in Fieldbus Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Kuala Lumpur, Malaysia, 2012/01/11 - Faster Fieldbus Technologies needed to stave off competition from conventional systems - IndustrialAutomation.frost.com.

   
 
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Fieldbus' growing indispensability in the automation industries is likely to be reinforced with industrialization gathering pace across Southeast Asia. Among the various technologies in the market, Foundation fieldbus has become the de-facto industry standard in the oil and gas and petrochemicals industry. Since this end user is likely to generate significant demand, the Fieldbus market is expected to continue thriving.

New analysis from Frost & Sullivan (industrialautomation.frost.com), Study on Industrial Fieldbus Market in Southeast Asia, finds that the market earned revenues of US$170.1 million in 2010 and estimates this to reach US$ 252.0 million in 2017.

"As the population increases and automation companies develop technologies that are faster, safer and economical in the long run, fieldbus technologies will find acceptance in the market," says Frost & Sullivan Research Analyst Krishnan Ramanathan. "This demand is not restricted to industries that generate energy but also to emerging industries that focus on cleaner forms of energy such as solar power."

The chemicals, food and beverage, material handling and automotive industries are also major users of fieldbus systems, as process industries find foundation fieldbus technology's ability to connect devices in a seamless Web extremely useful.

While end users acknowledge fieldbus' benefits of project cost reduction, improved accuracy and reduced electrical noise interference, many are often daunted by the huge initial investments in the technology. Further, they are unsure about its suitability in time-critical applications, as except for the Ethernet, the data transfer speeds of fieldbuses are still at the megabit level. Therefore, conventional systems, with their hard-wire logic back-ups, score over fieldbus in time-sensitive functions.

Fieldbus developers are looking to plug this loophole by launching and aggressively marketing newer and faster technologies that offer multiple benefits of reduced down times, lower cabling costs and faster processing.

"Further, Foundation fieldbus enables 10.0 per cent higher throughput, 30.0 per cent greater capacity without an increase in personnel and 20.0 per cent better efficiency," notes Ramanathan. "Plant automation projects also benefit from reductions in selection, engineering, construction as well as start-up and overhead costs."

With a rise in the volume of Ethernet private line services, there will be greater scope for a scalable network solution for new, definable, chargeable, and economic services.

If you are interested in more information on this study, please send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your contact details.

Study on Industrial Fieldbus Market in Southeast Asia is part of the Industrial Automation & Process Control Growth Partnership Services program. All research services 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, 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.

Study on Industrial Fieldbus Market in Southeast Asia / P577

 
 
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Rapid Industrialization Cement Foundation Technology's Impact in Fieldbus Market Finds Frost & Sullivan

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