Automation in Process Industries Expanding the Global Fieldbus Solution Market
- Written by Debora white
A fieldbus is a two-way communication digital link functioning in physical, data, and application layers of the Open Systems Interconnection Model (OSI) model. It is a control network used across process automation, allowing the field devices to be linked with the controller. Process industries across the world are gradually applying fieldbus incorporated measurement instruments and sensors in their production procedure. This minimizes the requirement for point-to-point association of the devices, cables, and the wiring costs, which, in turn, results in an inclusive decline in the operational and capital expenses.
Fieldbus solutions give operatives in the process industry instantaneous supervision of field equipment, which allows it to attain optimal operational productivity and decrease in capital and operational costs.
“Industries such as chemical, oil and gas, refinery, petrochemical, food and beverages, and pulp and paper are expected to contribute to the growth of the overall market. China, Japan, and India are the major countries increasingly adopting fieldbus solutions in the process industries,”.
“The competitive environment in this market is expected to intensify with the increase in product extensions, technological innovations, and an increase in mergers and acquisitions. It is expected that international players may grow inorganically by acquiring regional or local players, which will help grow the market over the projected period.”
Increase in Advanced Fieldbus Systems
Vendors are offering fieldbus systems with modular hardware configuration that assists in planning input output data to the programmable logic controllers. The advanced fieldbus system integrates device and module parameterization that helps in the diagnostics of decentralized field equipment. It permits users to recognize issues with field devices' at first occurrence, thus minimizing the interruption. Hence, the expansion of advanced fieldbus systems is anticipated to impact the development of the Global Fieldbus Solution Market in the Process Industry in a positive manner.
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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