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Frost & Sullivan: Hectic Oil Exploration Activity in Southeast Asia Makes a Case for Manufacturing Execution Systems

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Frost & Sullivan: Hectic Oil ExplorationFrost & Sullivan: Hectic Oil Exploration Activity in Southeast Asia Makes a Case for Manufacturing Execution Systems PR Newswire KUALA LUMPUR, Malaysia, March 6, 2014 -- The economic viability of Southeast Asia encourages MES manufacturers to set up their plants in the region Asia-Pacific accounts for nearly 2.5 percent of the total global oil & gas (O&G) reserves, making it an O&G hub with exploration expansion in Malaysia, Indonesia, and Thailand. This increase in exploration and export capacity has significantly enhanced the demand for manufacturing execution systems (MES). New analysis from Frost & Sullivan, Analysis of the Southeast Asian Manufacturing Execution Systems Market, finds that the market earned revenues of US$39.0 million in 2013 and estimates this to reach US$51.6 million in 2017. The ease with which MES can be integrated into the existing machinery is one of the key reasons for its popularity. Therefore, even, brownfield projects are gradually adopting MES for higher productivity and meeting stringent global standards of quality and reliability. Apart from the O&G industry, pharmaceuticals as well as pulp and paper have begun to install MES to reduce overhead expenses while increasing profits.

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Published 06 March 2014
Reads 12
Language English
Frost & Sullivan: Hectic Oil Exploration Activity in Southeast Asia Makes a Case for Manufacturing Execution Systems

PR Newswire

-- The economic viability of Southeast Asia encourages MES manufacturers to set up their plants in the region

Asia-Pacific accounts for nearly 2.5 percent of the total global oil & gas (O&G) reserves, making it an O&G hub with exploration expansion in Malaysia, Indonesia, and Thailand. This increase in exploration and export capacity has significantly enhanced the demand for manufacturing execution systems (MES).

New analysis from Frost & Sullivan, Analysis of the Southeast Asian Manufacturing Execution Systems Market, finds that the market earned revenues of US$39.0 million in 2013 and estimates this to reach US$51.6 million in 2017.