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Industrial Networking/Communication Devices: Promise of Improved Efficiency and Productivity to Fuel Uptake, Says Frost & Sullivan

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3 Pages
English

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Industrial Networking/Communication Devices: Promise of Improved Efficiency and Productivity to Fuel Uptake, Says Frost & Sullivan PR Newswire LONDON, July 11, 2012 - Despite multiple benefits, lingering end-user conservatism about new technologies is hampering penetration rates LONDON, July 11, 2012 /PRNewswire/ -- Improved efficiency, increased productivity and cost reductions are the main factors that will drive the European industrial networking/communication market. There is a trend in industrial operations to interconnect systems, equipment, machinery and devices via networking, in order to provide real-time data and information for better decision making, control and management and - by extension - improved performance, quality and production. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), European Industrial Networking/Communication Market, finds that the market earned revenues of euro 854.1 million in 2010 and estimates this to reach euro 1,596.1 million in 2015. The research covers Ethernet, Fieldbus and wireless device technologies. The emphasis on enhanced plant efficiency has underlined the need for constant tracking of production flows and quality assurance at every stage of production.

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Industrial Networking/Communication Devices:
Promise of Improved Efficiency and
Productivity to Fuel Uptake, Says Frost &
Sullivan
PR Newswire
LONDON, July 11, 2012
- Despite multiple benefits, lingering end-user conservatism about
new technologies is hampering penetration rates
LONDON
, July 11, 2012 /PRNewswire/ -- Improved efficiency, increased
productivity and cost reductions are the main factors that will drive the
European industrial networking/communication market. There is a trend in
industrial operations to interconnect systems, equipment, machinery and
devices via networking, in order to provide real-time data and information for
better decision making, control and management and - by extension -
improved performance, quality and production.
New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com),
European Industrial Networking/Communication Market
, finds that the
market earned revenues of
euro 854.1 million
in 2010 and estimates this to
reach
euro 1,596.1 million
in 2015. The research covers Ethernet, Fieldbus and
wireless device technologies.
The emphasis on enhanced plant efficiency has underlined the need for
constant tracking of production flows and quality assurance at every stage of
production.
"As industrial networking/communication devices have the ability to retrieve
real-time data from multiple, sometimes inaccessible, field devices, they are
critical to process control operations where rapid reaction is necessary to
prevent any abnormal functioning of the systems," notes Frost & Sullivan Senior
Research Analyst Katarzyna Owczarczyk. "Real-time capabilities also enable
convenient and cost-effective transmission and monitoring of data parameters
over long distances."
End-users acknowledge the importance of measuring the various critical
parameters that are available within a factory automation environment, which
could be used to improve production. Industrial networking/communication
devices can help in monitoring these parameters and provide valuable
information, which could boost plant efficiency.
However, the conservative attitudes of end-user industries such as
pharmaceutical, food & beverage, chemicals and oil & gas towards
implementing new technologies, without being assured of their potential
benefits, has proved a major restraint for industrial networking penetration.
"The application of field devices happens mostly in Greenfield projects as end-
users are hesitant about changing existing plant infrastructure. Many are
comfortable with traditional ways of plant operation," explains Owczarczyk.
"Hence, they are less willing to invest in industrial networking solutions, viewing
them primarily as an alternative, rather than a first-choice option."
Concerns over system reliability and security tend to further fuel such