Research and Markets has announced the addition of the "Global Industrial Wireless Automation Market 2014-2018 with Emerson Electric, Honeywell International, Siemens & Yokogawa Electric Dominating" report to their offering.
The Global Industrial Wireless Automation market to grow at a CAGR of 15.68 percent over the period 2013-2018.
Further development in wireless technology will help wireless automation to be used across a wide range of applications in the Industrial sector and will also help reduce operational costs in the long run. There has already been high adoption of wireless technologies such as Bluetooth, ZigBee, and WLAN. Other solutions such as WirelessHART, and SP100, also aid in the widespread use of wireless automation across various applications. The impact of the development of wireless technology and its use for different applications is expected to be high during the forecast period.
According to the report, the Global Industrial Wireless Automation market is witnessing many growth drivers, one of which is the increasing need for remote monitoring. Efficient monitoring and sensing of on-going processes in an industry can lead to significant improvements in overall productivity.
Further, the report states that one of the major challenges in the market is concern amongst end-users about the reliability and security of wireless technology.
Key vendors dominating this space are:
- Emerson Electric Co.
- Honeywell International Inc.
- Siemens AG
- Yokogawa Electric Corp.
Other vendors mentioned in the report are:
- ABB Ltd.
- CISCO Systems Inc.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
For more information visit http://www.researchandmarkets.com/research/4fp2n7/global_industrial