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Frost & Sullivan: Emphasis on Energy Efficiency Sustains SEA, ANZ Automation and Software Market in the Chemical and Petrochemical Industry

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Frost & Sullivan: Emphasis on EnergyFrost & Sullivan: Emphasis on Energy Efficiency Sustains SEA, ANZ Automation and Software Market in the Chemical and Petrochemical Industry PR Newswire SINGAPORE, Jan. 7, 2014 -- The Main Automation Contractor model is gaining momentum among automation providers as well as end users The need for energy efficiency in the numerous critical and energy- consuming operations of the chemical and petrochemical industry is lending impetus to the automation and software solutions market in Southeast Asia (SEA), Australia and New Zealand (ANZ). Environmental regulations that require plants to reduce their carbon footprint also result in upgrades to control systems. Coupled with the growing focus on safety, this is boosting the SEA and ANZ automation and software solutions market in chemical and petrochemical plants. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Analysis of the SE Asia and ANZ Automation & Software Solutions Market for the Chemical & Petrochemical Industry, finds that the market earned revenues of US$195.0 million in 2012 and estimates this to reach US$270.4 million in 2019. "With most chemical and petrochemical plants running continuously throughout the year with no allowance for downtime, there is a need for highly redundant systems," said Frost & Sullivan Industrial Automation and Process Control Research Analyst Vineeth Purushotham.

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Published 06 January 2014
Reads 12
Language English
Frost & Sullivan: Emphasis on Energy Efficiency Sustains SEA, ANZ Automation and Software Market in the Chemical and Petrochemical Industry

PR Newswire

-- The Main Automation Contractor model is gaining momentum among automation providers as well as end users