Product category:
Manufacturing industry news
News Release from: Frost and Sullivan
Edited by the Manufacturingtalk Editorial
Team on 07 May 2007
Automation and control solutions market
According to research by Frost and Sullivan, the automation and control solutions market in eastern Europe is expected to growth with strength.
The automation and control solutions market in eastern Europe is expected to witness strong growth At present, European Union legislation is driving growth in the market, as end users are forced to upgrade their existing automation systems to comply with EU norms
This article was originally published on Manufacturingtalk on 28 Apr 2004 at 8.00am (UK)
Related stories
Technical performance ranks high in PPE market
Analysis of the European personal protective equipment market reveals that end users primarily evaluate technical performance of products, followed by price and customer service.
Furniture adhesive users value performance
Latest research from international market analysts Frost and Sullivan reveals that in the European furniture and woodworking adhesives business, customers value product performance over price.
New analysis from Frost and Sullivan, Automation and Control Solutions Market in Eastern Europe, finds that the market earned revenues of $514.7 million in 2006 and estimates this to reach $959.5 million in 2013.
"The automation and control solutions market in eastern Europe is primarily driven by stringent EU regulations which govern most of the end-user industries," states Frost and Sullivan Research Analyst Karthikeyan Balasubramaniyam.
"The countries comprising eastern Europe, which are all members of the EU, have to comply with these regulations at the earliest possible opportunity, which will lead to increased investment in automation and control solutions." The market is characterised by technological advances, and the new automation and control solutions offer better functionality and advanced features.
Further reading
Transmitter role changes to increase efficiency
The most important task for control engineers today, says Victoria Whiting, Frost and Sullivan, is to increase the economic efficiency of their industrial plants.
Conference to review European workwear market
Frost and Sullivan to Host Interactive Analyst Briefing on the European Market for Workwear, February 5, 2002.
Automotive industry squeezes textile manufacturers
Increased OEM purchasing power stemming from consolidation within the automotive industry, combined with their stringent cost cutting measures are squeezing textile manufacturers.
This is likely to propel demand for automation and control solutions across various end-user sectors in eastern Europe.
Although there has been strong growth in the end-user sectors, the state of existing infrastructure and production processes is rudimentary, which does not help in achieving compliance with regulations.
As a result, the adoption of automation and control solutions is expected to increase to ensure regulatory compliance and increase the productivity of plants.
At present, the main challenge is to establish a strong distributor and system integrator network in order to penetrate the market and provide continuous service and maintenance support to maintain customer reliability.
"From the point of view of suppliers, reaching customers and addressing their demands for service and system integration support are extremely essential," explains Balasubramaniyam.
"Moreover, given the tremendous opportunities across all end users, suppliers have to market their products effectively." Here, a suitable sales channel in the eastern European region is of great importance in order to reach customers, particularly when language barriers pose a significant challenge.
Market participants will need to aggressively pursue sales and promote their brand name, as well as their products, with the help of distributors.
Finally, despite local language barriers, challenges in establishing strong local distribution and systems integrator contacts, alongside difficulties in providing highly compatible automation and control solutions, the market is poised for growth.
Automation and Control Solutions Market in Eastern Europe is part of the Industrial Automation and Process Control Growth Partnership Service, which also includes research on automation and control solutions in the European water and waste water sector.
All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Interviews with the press are available.
• Frost and Sullivan: contact details and other news
• Email this article to a colleague
• Register for the free Manufacturingtalk email newsletter
• Manufacturingtalk Home Page
Search the Pro-Talk network of sites
