The E&SC practice at MarketsandMarkets is pleased to announce its Presentation on the Industrial Wireless Sensor Networks Market for Manufacturing, Process Control Automation (2012 – 2017)
Increased demand for energy efficient solutions, enhanced production capacity, high level security, increased venture capital funding, initiatives taken by government bodies for industrial growth led to the development of automation and industrial control systems across the globe. With wireless sensor networks gaining a ground in industrial automation due to its advantages over wired technologies, IWSN reduce installation costs up to 80%; improve energy efficiency, and lower carbon emissions. In addition to this, rapid growth in the use of technologies like WirelessHART and ISA100.11a are driving IWSN to new areas of applications such as oil and gas, chemical, water and wastewater, metal and minerals, automotives, food and beverage, paper and pulp, pharmaceuticals, and healthcare.
Asia-Pacific is expected to grow at a high CAGR of 16.40% from 2012 to 2017, while established markets like Europe are slowing down along with low growth rates. However, Americas is expected to be the largest national market for IWSN systems for the next five years.
The Industrial Wireless Sensor Networks (IWSN) Market for Manufacturing & Process Control Automation is expected to grow from $1610.00 million in 2011 to $3795.37 million in 2017, at a CAGR of 15.58% from 2012 to 2017. The major companies existing in IWSN market are Emerson (U.S.), GE Energy (U.S.), Honeywell (U.S.), ABB (Switzerland), Endress+Hauser (Switzerland), Siemens (Germany), Yokogawa (Japan) and Yamatake (Japan), Invensys (U.K.), Mitsubishi (Japan), and others. Growing trends in IWSN are characterized by functional integration and geographic distribution. In terms of global demands, the growth drivers for IWSN include oil and gas, water and wastewater sector along with chemicals, automotives, food and beverage, metal and mining, power, metal and mining, paper and pulp, and others.
The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the IWSN market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro and micro-markets with respect to Americas, Europe, Asia-Pacific and Rest of the World.
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