Global Industrial Automation Market in the Power Industry

posted July 14, 2014
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.
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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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