Fieldbus Solutions Market for Process Industry in the US Market Assessment and Key Insights Analyzed till 2022
An automated industrial system usually requires fieldbus solutions in order to overcome connectivity issues between the various, such as controllers, sensors and actuators
(EMAILWIRE.COM, January 25, 2018 ) An automated industrial system usually requires fieldbus solutions in order to overcome connectivity issues between the various, such as controllers, sensors and actuators. In various industries, the communication gap between field devices and automation systems is reduced due to the implementation of fieldbus technology. According to a recent analysis, the current standard of manufacturing industries such as the process industry is embracing distributed automation solutions based on fieldbus solutions.
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Market Research Hub (MRH) has freshly publicized a new study titled “Fieldbus Solutions Market for Process Industry in the US 2018-2022” to its massive repository. The study provides readers with a complete analysis of the U.S. market through the detailed assessment of the segmentation of the field solutions market and the market’s competitive dynamics by profiling leading market players.
Key Findings
As per the current findings, the fieldbus solutions market for process industry in the US is one of the key child markets of the fieldbus solutions market for process industry in the Americas. Analysts forecast that the fieldbus solutions market for process industry in the US foreseeable to grow at a CAGR of 4.34% during the period 2018-2022, and will register a revenue of close to USD 520 million by 2022. One of the primary growth drivers for this market is the benefits offered by the fieldbus technology for various end-users.
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In terms of geography, US is the major contributor to the parent market, thus the market in the country has been deeply analyzed in this report. To compute the U.S. market size in the coming years, the report considers the revenue generated from the sales of fieldbus solutions. Overall market size and forecast has been presented for the period 2017 to 2022.
Further, the market has been segregated on the basis of protocol and by solutions. On the basis of protocol, the study covers PROFIBUS, AS-I, Modbus, DeviceNet and SERCOS. Of these, the PROFIBUS protocol segment will account for the major share of the fieldbus solutions market for process industry in the US. On the basis of solution, it covers field hardware solutions, field software solutions and field service solutions. End-users are adopting proactive innovations, which in turn, will boost the emergence of innovative field software solutions.
The research also finds one of the major trends in the market is that the fieldbus system used in the industrial communication segment requires wireless technology. This, in turn, encourages a large number of vendors to come up with hybrid wired and wireless communication for distributed computer-controlled systems (DCCS), which are based on fieldbus networks.
Additionally, the vendor landscape section is also provided which throws light on the chief players dominant in this market. It includes ABB, Honeywell, Emerson Electric, Siemens, Rockwell Automation and Schneider Electric.
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Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH's expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
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Request For Free Sample - https://www.marketresearchhub.com/enquiry.php?type=S&repid=1476299
Market Research Hub (MRH) has freshly publicized a new study titled “Fieldbus Solutions Market for Process Industry in the US 2018-2022” to its massive repository. The study provides readers with a complete analysis of the U.S. market through the detailed assessment of the segmentation of the field solutions market and the market’s competitive dynamics by profiling leading market players.
Key Findings
As per the current findings, the fieldbus solutions market for process industry in the US is one of the key child markets of the fieldbus solutions market for process industry in the Americas. Analysts forecast that the fieldbus solutions market for process industry in the US foreseeable to grow at a CAGR of 4.34% during the period 2018-2022, and will register a revenue of close to USD 520 million by 2022. One of the primary growth drivers for this market is the benefits offered by the fieldbus technology for various end-users.
Browse Full Report With TOC - https://www.marketresearchhub.com/report/fieldbus-solutions-market-for-process-industry-in-the-us-2018-2022-report.html
In terms of geography, US is the major contributor to the parent market, thus the market in the country has been deeply analyzed in this report. To compute the U.S. market size in the coming years, the report considers the revenue generated from the sales of fieldbus solutions. Overall market size and forecast has been presented for the period 2017 to 2022.
Further, the market has been segregated on the basis of protocol and by solutions. On the basis of protocol, the study covers PROFIBUS, AS-I, Modbus, DeviceNet and SERCOS. Of these, the PROFIBUS protocol segment will account for the major share of the fieldbus solutions market for process industry in the US. On the basis of solution, it covers field hardware solutions, field software solutions and field service solutions. End-users are adopting proactive innovations, which in turn, will boost the emergence of innovative field software solutions.
The research also finds one of the major trends in the market is that the fieldbus system used in the industrial communication segment requires wireless technology. This, in turn, encourages a large number of vendors to come up with hybrid wired and wireless communication for distributed computer-controlled systems (DCCS), which are based on fieldbus networks.
Additionally, the vendor landscape section is also provided which throws light on the chief players dominant in this market. It includes ABB, Honeywell, Emerson Electric, Siemens, Rockwell Automation and Schneider Electric.
Enquire About this Report - https://www.marketresearchhub.com/enquiry.php?type=enquiry&repid=1476299
About Market Research Hub
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH's expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
Contact Us
90 State Street,
Albany, NY 12207,
United States
Toll Free : 800-998-4852 (US-Canada)
Email : press@marketresearchhub.com
Website : https://www.marketresearchhub.com/
Read Industry News at - https://www.industrynewsanalysis.com/
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Market Research Hub
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Market Research Hub
Sudip S
Tel: +1-800-998-4852
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results