Is Process Automation The Future?

Every manufacturing company wants their equipment to deliver highest output with as little production cost as possible. Around 30-40% of total production cost can be accredited to energy cost. By automating the process of production, product withincreased quality and accuracy can be produced with optimal use of energy. This not only reduces the costs of production but also ensures safety, flexible manufacturing and increased productivity.

Companies all over the world are automating their processes in manufacturing, logistics, energy, defence and health care with the help of different technologies like SCADA, DCS, MES and PLC. The demand for these technologies is growing and many vendors are manufacturing solutions to help enterprises to achieve efficiency in their manufacturing process. The market for Process Automation is expected toreach $137.6 billion by the end of 2019 growing at a CAGR of 8.27% from the current estimates of $92.5 billion.

Every manufacturing company wants their equipment to deliver highest output with as little production cost as possible. Around 30-40% of total production cost can be accredited to energy cost. By automating the process of production, product withincreased quality and accuracy can be produced with optimal use of energy. This not only reduces the costs of production but also ensures safety, flexible manufacturing and increased productivity.

Companies all over the world are automating their processes in manufacturing, logistics, energy, defence and health care with the help of different technologies like SCADA, DCS, MES and PLC. The demand for these technologies is growing and many vendors are manufacturing solutions to help enterprises to achieve efficiency in their manufacturing process. The market for Process Automation is expected toreach $137.6 billion by the end of 2019 growing at a CAGR of 8.27% from the current estimates of $92.5 billion.

Every manufacturing company wants their equipment to deliver highest output with as little production cost as possible. Around 30-40% of total production cost can be accredited to energy cost. By automating the process of production, product withincreased quality and accuracy can be produced with optimal use of energy. This not only reduces the costs of production but also ensures safety, flexible manufacturing and increased productivity.

Companies all over the world are automating their processes in manufacturing, logistics, energy, defence and health care with the help of different technologies like SCADA, DCS, MES and PLC. The demand for these technologies is growing and many vendors are manufacturing solutions to help enterprises to achieve efficiency in their manufacturing process. The market for Process Automation is expected toreach $137.6 billion by the end of 2019 growing at a CAGR of 8.27% from the current estimates of $92.5 billion.

SaiKiran Kadam is an Analyst working with Mordor Intelligence, a market research consulting firm which specializes in Market Research Consulting, Market Research Reports, Market Sizing Reports, Industry Research Reports.