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News Release from: ABB Automation Tech (Instrumentation + Automation) | Subject: ARC report
Edited by the Processingtalk Editorial
Team on 12 February 2008
ABB process automation strengths
reported by ARC
In a recently published study, industry analyst ARC Advisory Group ranked ABB in the leading worldwide market position in the broad process automation market
In this study titled "Automation Systems for the Process Industries", ARC includes DCS, PLC, SCADA systems, safety systems, AC drives, general motion controls, software and machine safeguarding sold to the process industries The study forecasts that the total worldwide market for automation systems in the process industries - which was USD30billion in 2006 - will grow by a compounded annual growth rate (CAGR) of 9.6% up to 2011, to over USD47billion
This article was originally published on Processingtalk on 21 Aug 2007 at 8.00am (UK)
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The ARC report states that increasing pressures from globalisation is driving process manufacturers to improve plant performance in ways that would be inconceivable without modern process automation systems and business processes.
While globalisation expands opportunities for these manufacturers, it also intensifies the challenges they face - they need to act quickly and with agility to emerging market opportunities, and improve financial performance, all while dealing with a shrinking base of educated and well-trained personnel.
"As the market share leader, ABB is very strong and has a lot to offer.
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Its on-going success will come from continuing to provide its customers with sustained and measurable benefits from automation for a path to continuous improvement for business performance and profitability" says Larry O'Brien, Research Director for Process Industries, ARC: "The ABB continued focus on delivering automation solutions that provide reduced cost of ownership, increased productivity and reduced risk is a good fit with today's increasing focus on business value".
In addition to being the leading global supplier, ABB also is the top supplier in key global verticals, such as Oil and Gas, Pulp and Paper, and also in the EMEA (Europe/Middle East/Africa) region.
ABB was also the top supplier to the cement, pharmaceutical and pulp and paper industries in the Asian market, with sizeable market shares in all other process industries.
"The vast ABB process automation technology portfolio and industry expertise, combined with our global service, project delivery and engineering resources, provide our customers with the solutions they need to compete successfully in today's global marketplace," says Veli-Matti Reinikkala, head of the ABB Process Automation division: "We are committed to helping our customers achieve their critical business objectives with the comprehensive, innovative solutions and industry know-how that significantly improve their overall productivity, energy efficiency and performance".
In the study, ARC takes a look at the leading indicators shaping the growth of the global automation marketplace, from capacity utilisation to productivity and industrial production, and how these will affect the market in the coming years.
Despite troubles in the US and Canadian economies, the global outlook for automation and manufacturing remains bright.
Higher energy prices continue to contribute to increased capital investments and large project backlogs for oil, gas and refining companies.
The pharmaceutical and biotech industries remain strong and growth in Asia and other developing regions remain high.
Asia remains the centre of growth, but the Middle East, Eastern Europe, and Latin America continue to show strong growth as well.
Additional information on the Automation Systems for the Process Industries Worldwide Outlook, as well as other studies on the global automation market, are available from ARC direct.
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