Research and Markets, one of the nation’s leading market
research firms, has released the 2014 Report on the International Industrial
Automation Market in the Power Industry. The report includes Forecasts for 2014
to 2018. One of the companies mentioned in the report is Industrial Parts
Outlet parent company ABB, Ltd.
The report covers a host of key topics, including Market Growth Drivers,
Drivers and Their Impact, and Market Challenges.
Interestingly, the report notes that one of the major market
challenges is that users are reluctant to migrate their systems to the latest
technology. There are many reasons for the reluctance, including that the shift
from legacy systems to new technology can create a multitude of technical
issues, like incompatibility or interoperability with existing systems.
The report also discusses the importance of wireless sensor
networking technology and how it works to relieve organizations issues with the
rigid architecture of SCADA such as inflexibility and centralized architecture.
The report contains a comprehensive market and vendor
landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective
combination of primary and secondary information including inputs from key
participants in the industry.
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