By Kalwinder Kaur
Frost & Sullivan has launched its three major forecasts for the industrial automation and process control market.
The main topics in 2012 and beyond include energy efficiency and sustainability, emerging economies and BRIC’s smart technologies and its influence.
The key themes feature in Frost & Sullivan's industrial automation and process control research programme for 2012. A major driver for the research is that Frost & Sullivan has been carrying out around megatrends which are driving new and emerging market divisions for major industry participants.
The energy and resource efficiency within sustainability will be among the major ingredients for the global manufacturing industry’s successful growth. Employing energy efficient solutions in process as well as discrete industries will enhance sustainable manufacturing. Energy efficiency concerns such as class IE2 energy efficiency and class IE3 energy efficiency will overrule business in the electric motors market. Moreover, handling pumps and wastewater treatment will lead the global traditional water pumps. Sustainability, integrated enterprise, ecosystem, life cycle assessment and eco-efficiency analysis will establish business models in future factories.
Cyber security, cloud computing, and mobile and wireless communication technologies will drive the factories of the future. Flexible manufacturing and asset management will also trigger factory integration with enterprise, which will be high potential for customized service solutions and automation in industrial applications.
BRIC and other emerging worldwide economies will maintain high growth in industrial automation markets. Eastern Europe, Middle East, and South East Asia will witness increased growth. Opportunities related to renovating old infrastructure are carried out by developed regions such as Western Europe and North America. Flexible manufacturing will support regional customization by lining up the product portfolio for specific market demands.