Published on : Jan 16, 2018
Albany, New York, January 16, 2018: An automated industrial system usually requires fieldbus solutions in order to overcome connectivity issues between the various, such as controllers, sensors and actuators. In various industries, the communication gap between field devices and automation systems is reduced due to the implementation of fieldbus technology. According to a recent analysis, the current standard of manufacturing industries such as the process industry is embracing distributed automation solutions based on fieldbus solutions. Market Research Hub (MRH) has freshly publicized a new study titled “Fieldbus Solutions Market for Process Industry in the US 2018-2022” to its massive repository. The study provides readers with a complete analysis of the U.S. market through the detailed assessment of the segmentation of the field solutions market and the market’s competitive dynamics by profiling leading market players.
As per the current findings, the fieldbus solutions market for process industry in the US is one of the key child markets of the fieldbus solutions market for process industry in the Americas. Analysts forecast that the fieldbus solutions market for process industry in the US foreseeable to grow at a CAGR of 4.34% during the period 2018-2022, and will register a revenue of close to USD 520 million by 2022. One of the primary growth drivers for this market is the benefits offered by the fieldbus technology for various end-users.
In terms of geography, US is the major contributor to the parent market, thus the market in the country has been deeply analyzed in this report. To compute the U.S. market size in the coming years, the report considers the revenue generated from the sales of fieldbus solutions. Overall market size and forecast has been presented for the period 2017 to 2022.
Further, the market has been segregated on the basis of protocol and by solutions. On the basis of protocol, the study covers PROFIBUS, AS-I, Modbus, DeviceNet and SERCOS. Of these, the PROFIBUS protocol segment will account for the major share of the fieldbus solutions market for process industry in the US. On the basis of solution, it covers field hardware solutions, field software solutions and field service solutions. End-users are adopting proactive innovations, which in turn, will boost the emergence of innovative field software solutions.
The research also finds one of the major trends in the market is that the fieldbus system used in the industrial communication segment requires wireless technology. This, in turn, encourages a large number of vendors to come up with hybrid wired and wireless communication for distributed computer-controlled systems (DCCS), which are based on fieldbus networks.
Additionally, the vendor landscape section is also provided which throws light on the chief players dominant in this market. It includes ABB, Honeywell, Emerson Electric, Siemens, Rockwell Automation and Schneider Electric.
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