Operational Technology Market with COVID-19 Impact, by Components (Field Devices, Control Systems, & Services), Networking Technology, Industry (Process and Discrete), and Geography (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2027
Operational Technology Market with COVID-19 Impact, by Components (Field Devices, Control Systems, & Services), Networking Technology, Industry (Process and Discrete), and Geography (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2027
Abstract
The global operational technology market was valued at USD 149.6 billion in 2021 and is projected to reach USD 216.3 billion by 2027; it is expected to grow at a CAGR of 6.5% from 2022 to 2027. The major drivers of the market include the surging adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, growing emphasis on regulatory compliances, increasing complexities in the supply chain, and surging demand for software systems that reduce time and cost. The operational technology market has been segmented by component, networking technology, industry, and geography.
“Market for industrial sensors expected to grow at the highest CAGR during the forecast period”
The industrial sensors segment of the operational technology market for field instruments is expected to grow at the highest CAGR of 9.0% from 2022 to 2027, reaching USD 34,751 million by 2027 from USD 66,386 million in 2021. The growth of the industrial sensors segment is driven by the growing adoption of Industry 4.0 and the expansion of the wireless sensors market. Predictive maintenance is expected to offer lucrative opportunities to the players operating in the industrial sensors market in the coming years.
Predictive maintenance is enabled by 3 major solution enhancements over traditional maintenance: capturing sensor data, facilitating data communications, and making predictions. As the sensor is an important part of predictive maintenance solutions, the demand for industrial sensors is expected to increase significantly in the coming years.
“DCS SEGMENT TO HOLD LARGEST SHARE THROUGHOUT FORECAST PERIOD”
The market for DCS is expected to hold the largest share throughout the forecast period among operational technology control systems, reaching USD 24,507 million by 2027 from USD 17,454 million in 2021. However, the market for WMS is expected to grow at the highest CAGR of 16.7% from 2022 to 2027, reaching USD 4,502 million by 2027 from USD 1,815 million in 2021.
A significant shift in consumer purchasing behavior has resulted in the increased implementation of real-time WMS software solutions for efficient order processing, picking, packaging, shipment tracking, and route planning. WMS helps companies quickly adapt to the changing customer requirements in the e-commerce and online shopping space. Furthermore, the implementation of WMS helps manage warehouses at an optimum level, with increased productivity and efficiency of warehouse operations and reduced product delivery time.
“Market for energy & power industry to grow at highest CAGR between 2022 and 2027”
The process industry segment includes oil & gas, chemicals, energy & power, food & beverages, pharmaceuticals, mining & metals, and others. Among these, the energy & power industry is expected to grow at the highest CAGR of 7.1% during the forecast period. The demand for energy is growing continuously; however, the problems of environmental impact and scarcity associated with conventional sources might lead to a probable energy crisis, which makes optimizing the production processes necessary for the industry. Manufacturers face growing cost pressures and increasing demand for diverse product portfolios, coupled with regulatory and safety guidelines.
Technologies such as MES, PAM, and HMI help manufacturers standardize their workflow and minimize lead times by eliminating the time required for the approval of various associations and the FDA. MES also maintains data and processes that need to be followed for regulatory compliance during production. Using MES helps in eliminating the need for maintaining records on paper. PAM and machine condition monitoring enable the proper functioning of systems used in the manufacturing process by providing continuous maintenance activities in these industries.
“Operational technology market in APAC to grow at the highest CAGR”
The major factors driving the growth of the operational technology market in APAC are the rising demand for smart tools due to increasing automation in industries; growing adoption of technologies such as Industry 4.0, smart factory, IoT, and IIoT; and increasing need to optimize productivity and reduce operational and maintenance costs. Government support in various APAC countries to drive industrialization is one of the important factors that will boost the demand for operational technology in the coming years.
Various initiatives have been taken by the governments in the region. For instance, China’s “Made in China 2025,” Japan’s “Industrial Value Chain Initiative (IVI),” South Korea’s “The Manufacturing Innovation Strategy 3.0 (Strategy 3.0),” and India’s “Samarth Udyog Bharat 4.0,” are likely to play major roles in industrial advancement and consequently create growth opportunities for the operational technology market.
Breakdown of the profiles of primary participants:
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research.
The break-up of primary interviews is given below:
•By Company Type: Tier 1 - 52%, Tier 2 - 31%, and Tier 3 - 17%
•By Designation: C-level Executives - 47%, Directors - 31%, and others - 22%
•By Region: North America - 36%, Europe - 29%, APAC - 30%, and RoW - 5%
Major players profiled in this report are as follows: Major companies offering operational technology technologies include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Emerson Electric Co. (US), IBM (US), and General Electric (US).
Research Coverage
In this report, the operational technology market has been segmented based on components, networking technology, industry, and region. The operational technology market based on components has been segmented into field devices (industrial valves, actuators, transmitters, and industrial sensors), control systems (supervisory control and data acquisition (SCADA), distributed control system (DCS), plant asset management (PAM), human–machine interface (HMI), warehouse management system (WMS), manufacturing execution system (MES), functional safety systems), and services (predictive maintenance services and others (original equipment manufacturer (OEM) services and remote diagnostics and maintenance services). Based on the networking technology, the market has been segmented into wired and wireless networking technology.
Based on the industry, the market has been segregated into process industry: oil & gas, food & beverages, pharmaceuticals, chemicals, energy & power, metals & mining, pulp & paper, and others (cement, aluminum, steel, glass, paper and printing, textile and clothing, alternative energy, rubber, die-cast and foundry, and consumer electronics) and discrete industry: automotive, aerospace & defense, semiconductor & electronics, medical devices, machine manufacturing, and others (packaging, solar panel manufacturing, and consumer packaged goods). The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.
Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
This report segments of the operational technology market comprehensively and provides the closest approximation of the overall market size and subsegments that include components, networking technology, industry, and region.
The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the operational technology market.
This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches, acquisitions, and expansions carried out by major market players.
Content
Table of Contents
1INTRODUCTION34
1.1STUDY OBJECTIVES34
1.2MARKET DEFINITION34
1.3INCLUSIONS AND EXCLUSIONS35
1.4STUDY SCOPE36
1.4.1MARKETS COVERED36
FIGURE 1OPERATIONAL TECHNOLOGY MARKET SEGMENTATION36
1.4.2GEOGRAPHIC SCOPE36
1.5YEARS CONSIDERED37
1.6CURRENCY & PRICING37
1.7LIMITATIONS37
1.8STAKEHOLDERS37
1.9SUMMARY OF CHANGES38
2RESEARCH METHODOLOGY39
2.1RESEARCH DATA39
FIGURE 2OPERATIONAL TECHNOLOGY MARKET: RESEARCH DESIGN39
2.1.1SECONDARY AND PRIMARY RESEARCH40
2.1.2SECONDARY DATA41
2.1.2.1List of major secondary sources41
2.1.2.2Key data from secondary sources41
2.1.3PRIMARY DATA42
2.1.3.1Primary interviews with experts42
2.1.3.2Key data from primary sources42
2.1.3.3Key industry insights43
2.1.3.4Breakdown of primaries43
2.2MARKET SIZE ESTIMATION44
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM SCADA IN OPERATIONAL TECHNOLOGY MARKET44
2.2.1BOTTOM-UP APPROACH45
2.2.1.1Approach for arriving at market size by bottom-up analysis
(demand side)45
FIGURE 4OPERATIONAL TECHNOLOGY MARKET: BOTTOM-UP APPROACH45
2.2.2TOP-DOWN APPROACH46
2.2.2.1Approach for arriving at market size using top-down analysis
(supply side)46
FIGURE 5OPERATIONAL TECHNOLOGY MARKET: TOP-DOWN APPROACH46
2.3MARKET BREAKDOWN AND DATA TRIANGULATION47
FIGURE 6DATA TRIANGULATION47
2.4RESEARCH ASSUMPTIONS AND RISK ASSESSMENT48
3EXECUTIVE SUMMARY49
FIGURE 7ANALYSIS OF IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET49
3.1REALISTIC SCENARIO50
3.2PESSIMISTIC SCENARIO50
3.3OPTIMISTIC SCENARIO50
FIGURE 8MARKET FOR INDUSTRIAL SENSORS TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202751
FIGURE 9DCS SEGMENT TO HOLD LARGEST SHARE THROUGHOUT FORECAST PERIOD51
FIGURE 10MARKET FOR ENERGY & POWER INDUSTRY TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202752
FIGURE 11MARKET FOR MACHINE MANUFACTURING TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202753
FIGURE 12OPERATIONAL TECHNOLOGY MARKET, BY REGION54
4PREMIUM INSIGHTS55
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR OPERATIONAL TECHNOLOGY MARKET55
FIGURE 13OPERATIONAL TECHNOLOGY MARKET TO HAVE HUGE GROWTH OPPORTUNITIES IN APAC55
4.2OPERATIONAL TECHNOLOGY MARKET, BY FIELD INSTRUMENTS55
FIGURE 14INDUSTRIAL SENSORS SEGMENT TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202755
4.3OPERATIONAL TECHNOLOGY MARKET, BY CONTROL SYSTEMS56
FIGURE 15DCS TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD56
4.4OPERATIONAL TECHNOLOGY MARKET, BY PROCESS INDUSTRY56
FIGURE 16MARKET FOR ENERGY & POWER INDUSTRY TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202756
4.5OPERATIONAL TECHNOLOGY MARKET, BY DISCRETE INDUSTRY57
FIGURE 17MACHINE MANUFACTURING TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD57
4.6OPERATIONAL TECHNOLOGY MARKET, BY GEOGRAPHY57
FIGURE 18APAC TO HOLD LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET THROUGHOUT FORECAST PERIOD57
5MARKET OVERVIEW58
5.1INTRODUCTION58
5.2MARKET DYNAMICS58
FIGURE 19GLOBAL OPERATIONAL TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES58
5.2.1DRIVERS59
5.2.1.1Increasing emphasis on real-time data analysis and predictive maintenance59
5.2.1.2Emergence of connected enterprises59
5.2.1.3Strategic initiatives by governments to promote adoption of operational technologies59
5.2.1.4Emphasis on optimum utilization of resources60
FIGURE 20DRIVERS FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET
AND THEIR IMPACT61
5.2.2RESTRAINTS61
5.2.2.1High installation and maintenance costs61
5.2.2.2Requirement of maintenance and frequent software upgrades62
5.2.2.3Lack of skilled professionals62
FIGURE 21RESTRAINTS FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET
AND THEIR IMPACT63
5.2.3OPPORTUNITIES63
5.2.3.1Increased demand for safety compliance automation solutions63
5.2.3.2Adoption of emerging technologies such as IIoT and cloud computing in industrial environments64
5.2.3.3Development of machine learning and big data analytics64
5.2.3.4Rapid industrial growth in emerging economies65
FIGURE 22OPPORTUNITIES FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET AND THEIR IMPACT65
5.2.4CHALLENGES66
5.2.4.1Lack of standardization in industrial communication protocols and interfaces66
5.2.4.2Rise in instances of automated cyber attacks66
FIGURE 23CHALLENGES FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET
AND THEIR IMPACT67
5.3VALUE CHAIN ANALYSIS67
FIGURE 24OPERATIONAL TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS67
5.4ECOSYSTEM68
FIGURE 25OPERATIONAL TECHNOLOGY MARKET: ECOSYSTEM68
TABLE 1COMPANIES AND THEIR ROLE IN OPERATIONAL TECHNOLOGY
MARKET ECOSYSTEM69
5.5TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS70
FIGURE 26OPERATIONAL TECHNOLOGY MARKET: TRENDS/DISRUPTIONS
IMPACTING CUSTOMER’S BUSINESS70
5.6PORTER’S FIVE FORCES ANALYSIS70
TABLE 2OPERATIONAL TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS71
5.6.1THREAT OF NEW ENTRANTS71
5.6.2THREAT OF SUBSTITUTES71
5.6.3BARGAINING POWER OF SUPPLIERS72
5.6.4BARGAINING POWER OF BUYERS72
5.6.5INTENSITY OF COMPETITIVE RIVALRY72
5.7CASE STUDY72
5.7.1USE CASE 1: ARB MIDSTREAM72
5.7.2USE CASE 2: CANADIAN CRUDE OIL PRODUCER73
5.7.3USE CASE 3: BARCELONA73
5.7.4USE CASE 4: HIETA74
5.8PRICING ANALYSIS74
5.8.1LEVEL TRANSMITTERS74
5.8.2INDUSTRIAL SENSORS74
TABLE 3PRICE RANGE OF INDUSTRIAL SENSORS75
5.8.3AVERAGE SELLING PRICES OF MARKET PLAYERS, BY FIELD DEVICES75
FIGURE 27AVERAGE SELLING PRICES OF KEY PLAYERS, BY FIELD DEVICES75
TABLE 4AVERAGE SELLING PRICES OF KEY PLAYERS, BY FIELD DEVICES (USD)76
5.9KEY CONFERENCES & EVENTS IN 2022–202376
TABLE 5OPERATIONAL TECHNOLOGY MARKET: DETAILED LIST OF
CONFERENCES & EVENTS76
5.10TRADE ANALYSIS78
5.10.1VALVES78
FIGURE 28IMPORTS DATA FOR VALVES, 2016–2020 (USD MILLION)78
FIGURE 29EXPORTS DATA FOR VALVES, 2016–2020 (USD MILLION)79
5.11PATENTS ANALYSIS79
FIGURE 30NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 202179
FIGURE 31TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT
APPLICATIONS IN LAST 10 YEARS80
TABLE 6LIST OF TOP PATENT OWNERS IN LAST 10 YEARS80
5.11.1LIST OF MAJOR PATENTS81
5.12KEY STAKEHOLDERS AND BUYING CRITERIA84
5.12.1KEY STAKEHOLDERS IN BUYING PROCESS84
FIGURE 32INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 INDUSTRIES84
TABLE 7INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP 3 INDUSTRIES (%)84
5.12.2BUYING CRITERIA85
FIGURE 33KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES85
TABLE 8KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES85
5.13TECHNOLOGY TRENDS86
5.13.1INDUSTRY 4.086
5.13.2ARTIFICIAL INTELLIGENCE (AI)86
5.13.3INTERNET OF THINGS (IOT)87
5.13.4BLOCKCHAIN87
5.13.5AUGMENTED REALITY (AR) & VIRTUAL REALITY (VR)87
5.13.6PREDICTIVE MAINTENANCE88
5.13.7DIGITAL TWIN88
5.14STANDARDS & REGULATORY LANDSCAPE88
5.14.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS88
TABLE 9NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT
AGENCIES, AND OTHER ORGANIZATIONS88
TABLE 10EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS89
TABLE 11ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS90
TABLE 12REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS91
5.14.2REGULATORY STANDARDS91
5.14.2.1IEC TS 62832-1: 202091
5.14.2.2ISO/IEC TR 63306-1:202091
5.14.2.3ISO 55001: 201491
TABLE 13MAJOR COMMUNICATION STANDARDS FOR SCADA SYSTEMS92
TABLE 14INDUSTRIAL SAFETY STANDARDS92
6OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT93
6.1INTRODUCTION94
FIGURE 34OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT94
TABLE 15OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT,
2018–2021 (USD MILLION)94
TABLE 16OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT,
2022–2027 (USD MILLION)95
6.2FIELD INSTRUMENTS95
FIGURE 35MARKET FOR INDUSTRIAL SENSORS TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202796
TABLE 17OPERATIONAL TECHNOLOGY MARKET, BY FIELD INSTRUMENTS,
2018–2021 (USD MILLION)96
TABLE 18OPERATIONAL TECHNOLOGY MARKET, BY FIELD INSTRUMENTS,
2022–2027 (USD MILLION)96
TABLE 19OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS, BY REGION, 2018–2021 (USD MILLION)97
TABLE 20OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS, BY REGION, 2022–2027 (USD MILLION)97
TABLE 21OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)97
TABLE 22OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)98
TABLE 23OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)98
TABLE 24OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)98
6.2.1INDUSTRIAL VALVES99
6.2.1.1Growth of process and discrete industries leads to growing demand for industrial valves99
TABLE 25OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY REGION, 2018–2021 (USD MILLION)99
TABLE 26OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY REGION, 2022–2027 (USD MILLION)99
TABLE 27OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)100
TABLE 28OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)100
6.2.2TRANSMITTERS101
TABLE 29TYPES OF TRANSMITTERS USED IN FIELD INSTRUMENTS101
6.2.2.1Pressure transmitters102
6.2.2.1.1Pressure transmitters can determine pressure of liquid, gas, and steam in different industries102
6.2.2.2Temperature transmitters102
6.2.2.2.1Temperature transmitters are used for determining temperature of fluids in various industries102
6.2.2.3Level transmitters102
6.2.2.3.1Level transmitters determine the level of given liquid or solid bulk in process industries102
TABLE 30OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY REGION, 2018–2021 (USD MILLION)103
TABLE 31OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY REGION, 2022–2027 (USD MILLION)103
TABLE 32OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)103
TABLE 33OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)104
6.2.3INDUSTRIAL SENSORS104
6.2.3.1Rise in use of industrial sensors to ensure connectivity in manufacturing plants to boost market growth104
6.2.3.2Wired industrial sensors105
6.2.3.3Wireless industrial sensors105
TABLE 34OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY REGION, 2018–2021 (USD MILLION)105
TABLE 35OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY REGION, 2022–2027 (USD MILLION)105
TABLE 36OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)106
TABLE 37OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)106
TABLE 38OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)106
TABLE 39OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)106
6.2.4ACTUATORS107
6.2.4.1Growing requirement for improved control over movement of equipment in manufacturing facilities to boost market growth107
6.2.4.2Linear actuators107
6.2.4.2.1Rod type linear actuators107
6.2.4.2.1.1Increasing use of rod-less type linear actuators in aircraft structures to drive demand107
6.2.4.2.2Screw type linear actuators108
6.2.4.2.2.1Growing use with servomotors in drive and control hardware to fuel demand108
6.2.4.2.3Belt type linear actuators108
6.2.4.2.3.1Rising use to increase operational efficiency of process automation to drive demand108
6.2.4.3Rotary actuators108
6.2.4.3.1Motors108
6.2.4.3.1.1Surging sales of industrial robots to drive demand108
6.2.4.3.2Bladder & vane108
6.2.4.3.2.1Increasing use in gates and valves deployed in process industries to drive demand108
6.2.4.3.3Piston type109
6.2.4.3.3.1Growing use for precision control applications in electronics industry to drive demand109
6.3CONTROL SYSTEMS109
FIGURE 36DCS TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD109
TABLE 40OPERATIONAL TECHNOLOGY MARKET, BY CONTROL SYSTEMS,
2018–2021 (USD MILLION)110
TABLE 41OPERATIONAL TECHNOLOGY MARKET, BY CONTROL SYSTEMS,
2022–2027 (USD MILLION)110
TABLE 42OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY REGION, 2018–2021 (USD MILLION)110
TABLE 43OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY REGION, 2022–2027 (USD MILLION)111
TABLE 44OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)111
TABLE 45OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)112
TABLE 46OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)112
TABLE 47OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)113
6.3.1SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)113
6.3.1.1Surge in adoption of SCADA for collecting real-time data from remote locations and controlling different devices to fuel market growth113
FIGURE 37SCOPE OF SCADA IN OPERATIONAL TECHNOLOGY MARKET114
TABLE 48OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY REGION,
2018–2021 (USD MILLION)114
TABLE 49OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY REGION,
2022–2027 (USD MILLION)115
TABLE 50OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)115
TABLE 51OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)116
TABLE 52OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)116
TABLE 53OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)117
6.3.2PLANT ASSET MANAGEMENT117
6.3.2.1Surging adoption of PAM systems to reduce downtime and wastage in manufacturing plants to fuel market growth117
6.3.2.2By offering118
6.3.2.2.1PAM solutions help improve operational efficiency of business processes118
6.3.2.3By deployment118
6.3.2.3.1Cloud (online) deployment mode is gaining popularity due to growing demand for advanced technologies118
6.3.2.4By asset type119
6.3.2.4.1PAM solutions are in demand for production assets such as monitoring, rotating, and reciprocating equipment119
TABLE 54OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY REGION,
2018–2021 (USD MILLION)119
TABLE 55OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY REGION,
2022–2027 (USD MILLION)120
TABLE 56OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)120
TABLE 57OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)120
TABLE 58OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)121
TABLE 59OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)121
6.3.3DISTRIBUTED CONTROL SYSTEM (DCS)121
6.3.3.1Rise in demand for process automation and control in industrial manufacturing plants to drive growth of DCS segment121
FIGURE 38BENEFITS OF DCS IN INDUSTRIAL PLANTS122
TABLE 60SOME MODELS OF DCS OFFERED BY DIFFERENT COMPANIES122
FIGURE 39DCS TYPE123
TABLE 61OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY REGION,
2018–2021 (USD MILLION)124
TABLE 62OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY REGION,
2022–2027 (USD MILLION)124
TABLE 63OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)124
TABLE 64OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)125
FIGURE 40BENCHMARKING OF TOP 3 COMPANIES IN DCS MARKET126
6.3.4HUMAN–MACHINE INTERFACE (HMI)127
6.3.4.1Improvements in data visualization offered by HMI to fuel its adoption rate127
TABLE 65OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY REGION,
2018–2021 (USD MILLION)127
TABLE 66OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY REGION,
2022–2027 (USD MILLION)127
TABLE 67OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)128
TABLE 68OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)128
TABLE 69OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)129
TABLE 70OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)129
6.3.5MANUFACTURING EXECUTION SYSTEM (MES)130
6.3.5.1Cost-saving and operation optimization benefits of MES to drive their demand130
TABLE 71OPERATIONAL TECHNOLOGY MARKET FOR MES, BY REGION,
2018–2021 (USD MILLION)130
TABLE 72OPERATIONAL TECHNOLOGY MARKET FOR MES, BY REGION,
2022–2027 (USD MILLION)131
TABLE 73OPERATIONAL TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)131
TABLE 74OPERATIONAL TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)131
TABLE 75OPERATIONAL TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)132
TABLE 76OPERATIONAL TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)132
6.3.6WAREHOUSE MANAGEMENT SYSTEM (WMS)132
6.3.6.1By offering133
6.3.6.1.1Digitization of supply chain management propels growth of warehouse management system market133
6.3.6.2Implementation type133
6.3.6.2.1Increasing adoption of on-cloud WMS solutions133
6.3.6.3By tier type134
6.3.6.3.1Rising demand for WMS from several industries134
TABLE 77OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY REGION,
2018–2021 (USD MILLION)134
TABLE 78OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY REGION,
2022–2027 (USD MILLION)134
TABLE 79OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)135
TABLE 80OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)135
TABLE 81OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)135
TABLE 82OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)136
6.3.7FUNCTIONAL SAFETY136
6.3.7.1Growing adoption of functional safety systems in different industries to boost market growth136
TABLE 83OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2018–2021 (USD MILLION)137
TABLE 84OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2022–2027 (USD MILLION)137
TABLE 85OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)137
TABLE 86OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)138
6.4SERVICES138
6.4.1PREDICTIVE MAINTENANCE SERVICES138
6.4.1.1Increasing adoption of predictive maintenance services to reduce risk and failure of machine138
6.4.1.2Professional services139
6.4.1.3Managed services139
6.4.2OTHERS139
6.4.2.1OEM services139
6.4.2.2Remote diagnostics and maintenance services139
7OPERATIONAL TECHNOLOGY MARKET, BY NETWORKING TECHNOLOGY141
7.1INTRODUCTION141
FIGURE 41OPERATIONAL TECHNOLOGY MARKET, BY NETWORKING TECHNOLOGY141
7.2WIRED NETWORKING TECHNOLOGY142
7.2.1PROFIBUS142
7.2.1.1PROFIBUS links automation systems and controllers with decentralized field devices142
7.2.2MODBUS142
7.2.2.1Modbus can run over almost all communication media such as wired media, wireless media, optical networks, and others142
7.2.3PROFINET143
7.2.3.1PROFINET supplements existing PROFIBUS technologies by providing faster data communication143
7.2.4ETHERNET/IP143
7.2.4.1Ethernet/IP is among leading industrial protocols and is widely used in hybrid and process industries143
7.2.5OTHERS143
7.3WIRELESS NETWORKING TECHNOLOGY144
7.3.1WLAN144
7.3.1.1WLAN provides wide area coverage and faster communication144
7.3.2ISA100.11A144
7.3.2.1ISA 100 operates in 2.4 MHz frequency range and can support up to 15 channels144
7.3.3CELLULAR145
7.3.3.1Cellular networks can be ideal for IIoT applications that require operations over long distances145
7.3.4ZIGBEE145
7.3.4.1ZIGBEE offers easy network expansion, low power consumption, good coverage area, and reliable network structure145
7.3.5WHART145
7.3.5.1WHART is open industry standard specifically designed for particular requirements of wireless networking technology145
7.3.6OTHERS146
8OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY147
8.1INTRODUCTION148
FIGURE 42GLOBAL OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY148
TABLE 87OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY,
2018–2021 (USD MILLION)148
TABLE 88OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY,
2022–2027 (USD MILLION)149
8.2PROCESS INDUSTRY149
FIGURE 43MARKET FOR ENERGY & POWER INDUSTRY TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027150
TABLE 89OPERATIONAL TECHNOLOGY MARKET, BY PROCESS INDUSTRY,
2018–2021 (USD MILLION)150
TABLE 90OPERATIONAL TECHNOLOGY MARKET, BY PROCESS INDUSTRY,
2022–2027 (USD MILLION)151
8.2.1OIL & GAS151
8.2.1.1Opportunity to increase process efficiency and gain competitive edge is driving operational technology market in oil & gas industry151
8.2.2CHEMICALS152
8.2.2.1Control systems provide operational solutions to chemicals industry152
8.2.3PHARMACEUTICALS153
8.2.3.1Automated machine solutions are required for smooth functioning of pharmaceuticals industry153
8.2.4METALS & MINING154
8.2.4.1Growing adoption of MES to integrate workflow of mining operations to fuel market growth154
8.2.5FOOD & BEVERAGES154
8.2.5.1Operational technologies used in food & beverages industry offer flexibility, safety solutions, and software tools to control operations of machines154
8.2.6ENERGY & POWER155
8.2.6.1Fastest growing process industry for operational technology market155
8.2.7PULP & PAPER156
8.2.7.1Growing digitalization in paper industry to increase implementation of operational process156
8.2.8OTHERS156
8.3DISCRETE INDUSTRY157
FIGURE 44MACHINE MANUFACTURING TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD157
TABLE 91OPERATIONAL TECHNOLOGY MARKET, BY DISCRETE INDUSTRY,
2018–2021 (USD MILLION)158
TABLE 92OPERATIONAL TECHNOLOGY MARKET, BY DISCRETE INDUSTRY,
2022–2027 (USD MILLION)158
8.3.1AUTOMOTIVE159
8.3.1.1Adoption of PLM systems and technological innovations in automotive industry drive operational technology market growth159
8.3.2AEROSPACE & DEFENSE159
8.3.2.1Demand for MES system solutions in aerospace & defense industry to drive operational technology market159
8.3.3SEMICONDUCTOR & ELECTRONICS160
8.3.3.1Technological advancements and adoption of control systems in semiconductor & electronics industry to drive demand for operational technologies160
8.3.4MEDICAL DEVICES161
8.3.4.1Increasing demand for control systems for higher efficiency in medical devices industry161
8.3.5MACHINE MANUFACTURING161
8.3.5.1Surging demand for predictive maintenance to propel operational technology market growth for machine manufacturing161
8.3.6OTHERS162
9GEOGRAPHIC ANALYSIS163
9.1INTRODUCTION164
FIGURE 45GEOGRAPHIC SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET164
FIGURE 46APAC TO HOLD LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET DURING FORECAST PERIOD165
TABLE 93OPERATIONAL TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)165
TABLE 94OPERATIONAL TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)165
9.2NORTH AMERICA166
9.2.1IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY
MARKET IN NORTH AMERICA167
FIGURE 47SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA167
FIGURE 48US TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA IN 2027168
TABLE 95OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)168
TABLE 96OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)168
9.2.2US169
9.2.2.1Increasing adoption of control system solutions by leading industrial players and startups to drive market growth169
9.2.3CANADA170
9.2.3.1Growth of process and discrete industries to contribute to operational technology market growth in Canada170
9.2.4MEXICO170
9.2.4.1Rapidly developing aerospace industry to create lucrative growth opportunities for market in Mexico170
9.3EUROPE171
9.3.1IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET IN EUROPE172
FIGURE 49SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET IN EUROPE172
FIGURE 50GERMANY TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN EUROPE IN 2027173
TABLE 97OPERATIONAL TECHNOLOGY MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION)173
TABLE 98OPERATIONAL TECHNOLOGY MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION)173
9.3.2UK174
9.3.2.1Need to improve safety and quality of operations to boost demand for control systems in UK174
9.3.3GERMANY175
9.3.3.1Chemicals and pharmaceuticals industries will drive operational technology market growth in Germany175
9.3.4FRANCE175
9.3.4.1Medical devices industry to favor growth of operational technology market in France175
9.3.5REST OF EUROPE176
9.4APAC177
9.4.1IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET IN APAC177
FIGURE 51SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET IN ASIA PACIFIC178
FIGURE 52CHINA TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN APAC IN 2027179
TABLE 99OPERATIONAL TECHNOLOGY MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION)179
TABLE 100OPERATIONAL TECHNOLOGY MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION)179
9.4.2CHINA180
9.4.2.1Increasing government initiatives for development of automotive industry to drive operational technology market in China180
9.4.3JAPAN181
9.4.3.1Semiconductor & electronics industries would create growth opportunities for operational technology market in Japan181
9.4.4INDIA181
9.4.4.1Make in India initiative to support growth of operational technology market181
9.4.5REST OF APAC182
9.5ROW183
9.5.1IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET IN ROW183
FIGURE 53MIDDLE EAST TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN ROW IN 2027183
TABLE 101OPERATIONAL TECHNOLOGY MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION)184
TABLE 102OPERATIONAL TECHNOLOGY MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION)184
9.5.2SOUTH AMERICA184
9.5.2.1Rising adoption of IoT technologies in different industries to drive growth of operation technology market184
9.5.3MIDDLE EAST & AFRICA185
9.5.3.1Rising adoption of advanced operational technologies in oil & gas and mining industries to propel market growth185
10COMPETITIVE LANDSCAPE186
10.1INTRODUCTION186
10.2KEY PLAYER STRATEGIES/RIGHT TO WIN186
TABLE 103OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN OPERATIONAL TECHNOLOGY MARKET186
10.3REVENUE ANALYSIS OF TOP 5 COMPANIES187
FIGURE 54TOP 5 PLAYERS IN OPERATIONAL TECHNOLOGY MARKET, 2016–2020188
10.4MARKET SHARE ANALYSIS OF TOP PLAYERS, 2020-2021190
TABLE 104GLOBAL SCADA MARKET: MARKET SHARE ANALYSIS190
10.5COMPETITIVE EVALUATION QUADRANT, 2020191
10.5.1STAR191
10.5.2EMERGING LEADER191
10.5.3PERVASIVE191
10.5.4PARTICIPANT191
FIGURE 55SCADA MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021192
10.6SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020193
10.6.1PROGRESSIVE COMPANY193
10.6.2RESPONSIVE COMPANY193
10.6.3DYNAMIC COMPANY193
10.6.4STARTING BLOCK193
FIGURE 56SCADA MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021194
10.6.5OPERATIONAL TECHNOLOGY MARKET: COMPANY FOOTPRINT195
TABLE 105COMPANY COMPONENT FOOTPRINT195
TABLE 106COMPANY INDUSTRY FOOTPRINT196
TABLE 107COMPANY REGION FOOTPRINT197
TABLE 108COMPANY FOOTPRINT198
10.6.6OPERATIONAL TECHNOLOGY MARKET: STARTUP MATRIX199
TABLE 109OPERATIONAL TECHNOLOGY MARKET: DETAILED LIST OF KEY STARTUP/SMES199
TABLE 110OPERATIONAL TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES200
10.7COMPETITIVE SITUATIONS AND TRENDS201
10.7.1PRODUCT LAUNCHES202
TABLE 111OPERATIONAL TECHNOLOGY MARKET: PRODUCT LAUNCHES202
10.7.2DEALS207
10.7.2.1Operational technology market: Deals207
11COMPANY PROFILES212
11.1KEY PLAYERS212
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1.1ABB212
TABLE 112ABB: BUSINESS OVERVIEW212
FIGURE 57ABB: COMPANY SNAPSHOT213
TABLE 113ABB: PRODUCT OFFERINGS214
11.1.2SIEMENS217
TABLE 114SIEMENS: BUSINESS OVERVIEW217
FIGURE 58SIEMENS: COMPANY SNAPSHOT218
TABLE 115SIEMENS: PRODUCT OFFERINGS219
11.1.3HONEYWELL INTERNATIONAL INC223
TABLE 116HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW223
FIGURE 59HONEYWELL: COMPANY SNAPSHOT224
TABLE 117HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS225
11.1.4GENERAL ELECTRIC227
TABLE 118GENERAL ELECTRIC: BUSINESS OVERVIEW227
FIGURE 60GENERAL ELECTRIC: COMPANY SNAPSHOT228
TABLE 119GENERAL ELECTRIC: PRODUCT OFFERINGS229
11.1.5SCHNEIDER ELECTRIC232
TABLE 120SCHNEIDER ELECTRIC: BUSINESS OVERVIEW232
FIGURE 61SCHNEIDER ELECTRIC: COMPANY SNAPSHOT233
TABLE 121SCHNEIDER ELECTRIC: PRODUCT OFFERINGS234
11.1.6ROCKWELL AUTOMATION INC236
TABLE 122ROCKWELL AUTOMATION INC: BUSINESS OVERVIEW236
FIGURE 62ROCKWELL AUTOMATION INC.: COMPANY SNAPSHOT237
TABLE 123ROCKWELL AUTOMATION INC: PRODUCT OFFERINGS238
11.1.7EMERSON ELECTRIC CO.240
TABLE 124EMERSON ELECTRIC CO.: BUSINESS OVERVIEW240
FIGURE 63EMERSON ELECTRIC CO.: COMPANY SNAPSHOT241
TABLE 125EMERSON ELECTRIC CO.: PRODUCT OFFERINGS242
TABLE 126EMERSON ELECTRIC CO.: PRODUCT LAUNCHES AND DEVELOPMENTS244
11.1.8ORACLE246
TABLE 127ORACLE: BUSINESS OVERVIEW246
FIGURE 64ORACLE: COMPANY SNAPSHOT247
TABLE 128ORACLE: PRODUCT OFFERINGS248
11.1.9IBM250
TABLE 129IBM: BUSINESS OVERVIEW250
FIGURE 65IBM: COMPANY SNAPSHOT251
TABLE 130IBM: PRODUCT OFFERINGS251
11.1.10YOKOGAWA ELECTRIC CORPORATION254
TABLE 131YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW254
FIGURE 66YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT255
TABLE 132YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERINGS256
TABLE 133YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS258
11.1.11FUJI ELECTRIC CO., LTD.260
TABLE 134FUJI ELECTRIC CO., LTD.: BUSINESS OVERVIEW260
FIGURE 67FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT261
TABLE 135FUJI ELECTRIC CO., LTD.: PRODUCT OFFERINGS262
11.1.12MITSUBISHI ELECTRIC CORPORATION264
TABLE 136MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW264
FIGURE 68MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT265
TABLE 137MITSUBISHI ELECTRIC CORPORATION: PRODUCT OFFERINGS266
11.1.13OMRON CORPORATION268
TABLE 138OMRON CORPORATION: BUSINESS OVERVIEW268
FIGURE 69OMRON CORPORATION: COMPANY SNAPSHOT269
TABLE 139OMRON CORPORATION: PRODUCT OFFERINGS270
11.1.14HITACHI, LTD.272
TABLE 140HITACHI, LTD.: BUSINESS OVERVIEW272
FIGURE 70HITACHI, LTD.: COMPANY SNAPSHOT273
TABLE 141HITACHI, LTD.: PRODUCT OFFERINGS274
11.1.15HOLLYSYS276
TABLE 142HOLLYSYS: BUSINESS OVERVIEW276
FIGURE 71HOLLYSYS: COMPANY SNAPSHOT277
TABLE 143HOLLYSYS: PRODUCT OFFERINGS278
11.2OTHER KEY PLAYERS279
11.2.1KROHNE MESSTECHNIK GMBH279
11.
“Market for industrial sensors expected to grow at the highest CAGR during the forecast period”
The industrial sensors segment of the operational technology market for field instruments is expected to grow at the highest CAGR of 9.0% from 2022 to 2027, reaching USD 34,751 million by 2027 from USD 66,386 million in 2021. The growth of the industrial sensors segment is driven by the growing adoption of Industry 4.0 and the expansion of the wireless sensors market. Predictive maintenance is expected to offer lucrative opportunities to the players operating in the industrial sensors market in the coming years.
Predictive maintenance is enabled by 3 major solution enhancements over traditional maintenance: capturing sensor data, facilitating data communications, and making predictions. As the sensor is an important part of predictive maintenance solutions, the demand for industrial sensors is expected to increase significantly in the coming years.
“DCS SEGMENT TO HOLD LARGEST SHARE THROUGHOUT FORECAST PERIOD”
The market for DCS is expected to hold the largest share throughout the forecast period among operational technology control systems, reaching USD 24,507 million by 2027 from USD 17,454 million in 2021. However, the market for WMS is expected to grow at the highest CAGR of 16.7% from 2022 to 2027, reaching USD 4,502 million by 2027 from USD 1,815 million in 2021.
A significant shift in consumer purchasing behavior has resulted in the increased implementation of real-time WMS software solutions for efficient order processing, picking, packaging, shipment tracking, and route planning. WMS helps companies quickly adapt to the changing customer requirements in the e-commerce and online shopping space. Furthermore, the implementation of WMS helps manage warehouses at an optimum level, with increased productivity and efficiency of warehouse operations and reduced product delivery time.
“Market for energy & power industry to grow at highest CAGR between 2022 and 2027”
The process industry segment includes oil & gas, chemicals, energy & power, food & beverages, pharmaceuticals, mining & metals, and others. Among these, the energy & power industry is expected to grow at the highest CAGR of 7.1% during the forecast period. The demand for energy is growing continuously; however, the problems of environmental impact and scarcity associated with conventional sources might lead to a probable energy crisis, which makes optimizing the production processes necessary for the industry. Manufacturers face growing cost pressures and increasing demand for diverse product portfolios, coupled with regulatory and safety guidelines.
Technologies such as MES, PAM, and HMI help manufacturers standardize their workflow and minimize lead times by eliminating the time required for the approval of various associations and the FDA. MES also maintains data and processes that need to be followed for regulatory compliance during production. Using MES helps in eliminating the need for maintaining records on paper. PAM and machine condition monitoring enable the proper functioning of systems used in the manufacturing process by providing continuous maintenance activities in these industries.
“Operational technology market in APAC to grow at the highest CAGR”
The major factors driving the growth of the operational technology market in APAC are the rising demand for smart tools due to increasing automation in industries; growing adoption of technologies such as Industry 4.0, smart factory, IoT, and IIoT; and increasing need to optimize productivity and reduce operational and maintenance costs. Government support in various APAC countries to drive industrialization is one of the important factors that will boost the demand for operational technology in the coming years.
Various initiatives have been taken by the governments in the region. For instance, China’s “Made in China 2025,” Japan’s “Industrial Value Chain Initiative (IVI),” South Korea’s “The Manufacturing Innovation Strategy 3.0 (Strategy 3.0),” and India’s “Samarth Udyog Bharat 4.0,” are likely to play major roles in industrial advancement and consequently create growth opportunities for the operational technology market.
Breakdown of the profiles of primary participants:
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research.
The break-up of primary interviews is given below:
•By Company Type: Tier 1 - 52%, Tier 2 - 31%, and Tier 3 - 17%
•By Designation: C-level Executives - 47%, Directors - 31%, and others - 22%
•By Region: North America - 36%, Europe - 29%, APAC - 30%, and RoW - 5%
Major players profiled in this report are as follows: Major companies offering operational technology technologies include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Emerson Electric Co. (US), IBM (US), and General Electric (US).
Research Coverage
In this report, the operational technology market has been segmented based on components, networking technology, industry, and region. The operational technology market based on components has been segmented into field devices (industrial valves, actuators, transmitters, and industrial sensors), control systems (supervisory control and data acquisition (SCADA), distributed control system (DCS), plant asset management (PAM), human–machine interface (HMI), warehouse management system (WMS), manufacturing execution system (MES), functional safety systems), and services (predictive maintenance services and others (original equipment manufacturer (OEM) services and remote diagnostics and maintenance services). Based on the networking technology, the market has been segmented into wired and wireless networking technology.
Based on the industry, the market has been segregated into process industry: oil & gas, food & beverages, pharmaceuticals, chemicals, energy & power, metals & mining, pulp & paper, and others (cement, aluminum, steel, glass, paper and printing, textile and clothing, alternative energy, rubber, die-cast and foundry, and consumer electronics) and discrete industry: automotive, aerospace & defense, semiconductor & electronics, medical devices, machine manufacturing, and others (packaging, solar panel manufacturing, and consumer packaged goods). The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.
Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
This report segments of the operational technology market comprehensively and provides the closest approximation of the overall market size and subsegments that include components, networking technology, industry, and region.
The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the operational technology market.
This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches, acquisitions, and expansions carried out by major market players.
1INTRODUCTION34
1.1STUDY OBJECTIVES34
1.2MARKET DEFINITION34
1.3INCLUSIONS AND EXCLUSIONS35
1.4STUDY SCOPE36
1.4.1MARKETS COVERED36
FIGURE 1OPERATIONAL TECHNOLOGY MARKET SEGMENTATION36
1.4.2GEOGRAPHIC SCOPE36
1.5YEARS CONSIDERED37
1.6CURRENCY & PRICING37
1.7LIMITATIONS37
1.8STAKEHOLDERS37
1.9SUMMARY OF CHANGES38
2RESEARCH METHODOLOGY39
2.1RESEARCH DATA39
FIGURE 2OPERATIONAL TECHNOLOGY MARKET: RESEARCH DESIGN39
2.1.1SECONDARY AND PRIMARY RESEARCH40
2.1.2SECONDARY DATA41
2.1.2.1List of major secondary sources41
2.1.2.2Key data from secondary sources41
2.1.3PRIMARY DATA42
2.1.3.1Primary interviews with experts42
2.1.3.2Key data from primary sources42
2.1.3.3Key industry insights43
2.1.3.4Breakdown of primaries43
2.2MARKET SIZE ESTIMATION44
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM SCADA IN OPERATIONAL TECHNOLOGY MARKET44
2.2.1BOTTOM-UP APPROACH45
2.2.1.1Approach for arriving at market size by bottom-up analysis
(demand side)45
FIGURE 4OPERATIONAL TECHNOLOGY MARKET: BOTTOM-UP APPROACH45
2.2.2TOP-DOWN APPROACH46
2.2.2.1Approach for arriving at market size using top-down analysis
(supply side)46
FIGURE 5OPERATIONAL TECHNOLOGY MARKET: TOP-DOWN APPROACH46
2.3MARKET BREAKDOWN AND DATA TRIANGULATION47
FIGURE 6DATA TRIANGULATION47
2.4RESEARCH ASSUMPTIONS AND RISK ASSESSMENT48
3EXECUTIVE SUMMARY49
FIGURE 7ANALYSIS OF IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET49
3.1REALISTIC SCENARIO50
3.2PESSIMISTIC SCENARIO50
3.3OPTIMISTIC SCENARIO50
FIGURE 8MARKET FOR INDUSTRIAL SENSORS TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202751
FIGURE 9DCS SEGMENT TO HOLD LARGEST SHARE THROUGHOUT FORECAST PERIOD51
FIGURE 10MARKET FOR ENERGY & POWER INDUSTRY TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202752
FIGURE 11MARKET FOR MACHINE MANUFACTURING TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202753
FIGURE 12OPERATIONAL TECHNOLOGY MARKET, BY REGION54
4PREMIUM INSIGHTS55
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR OPERATIONAL TECHNOLOGY MARKET55
FIGURE 13OPERATIONAL TECHNOLOGY MARKET TO HAVE HUGE GROWTH OPPORTUNITIES IN APAC55
4.2OPERATIONAL TECHNOLOGY MARKET, BY FIELD INSTRUMENTS55
FIGURE 14INDUSTRIAL SENSORS SEGMENT TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202755
4.3OPERATIONAL TECHNOLOGY MARKET, BY CONTROL SYSTEMS56
FIGURE 15DCS TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD56
4.4OPERATIONAL TECHNOLOGY MARKET, BY PROCESS INDUSTRY56
FIGURE 16MARKET FOR ENERGY & POWER INDUSTRY TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202756
4.5OPERATIONAL TECHNOLOGY MARKET, BY DISCRETE INDUSTRY57
FIGURE 17MACHINE MANUFACTURING TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD57
4.6OPERATIONAL TECHNOLOGY MARKET, BY GEOGRAPHY57
FIGURE 18APAC TO HOLD LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET THROUGHOUT FORECAST PERIOD57
5MARKET OVERVIEW58
5.1INTRODUCTION58
5.2MARKET DYNAMICS58
FIGURE 19GLOBAL OPERATIONAL TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES58
5.2.1DRIVERS59
5.2.1.1Increasing emphasis on real-time data analysis and predictive maintenance59
5.2.1.2Emergence of connected enterprises59
5.2.1.3Strategic initiatives by governments to promote adoption of operational technologies59
5.2.1.4Emphasis on optimum utilization of resources60
FIGURE 20DRIVERS FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET
AND THEIR IMPACT61
5.2.2RESTRAINTS61
5.2.2.1High installation and maintenance costs61
5.2.2.2Requirement of maintenance and frequent software upgrades62
5.2.2.3Lack of skilled professionals62
FIGURE 21RESTRAINTS FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET
AND THEIR IMPACT63
5.2.3OPPORTUNITIES63
5.2.3.1Increased demand for safety compliance automation solutions63
5.2.3.2Adoption of emerging technologies such as IIoT and cloud computing in industrial environments64
5.2.3.3Development of machine learning and big data analytics64
5.2.3.4Rapid industrial growth in emerging economies65
FIGURE 22OPPORTUNITIES FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET AND THEIR IMPACT65
5.2.4CHALLENGES66
5.2.4.1Lack of standardization in industrial communication protocols and interfaces66
5.2.4.2Rise in instances of automated cyber attacks66
FIGURE 23CHALLENGES FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET
AND THEIR IMPACT67
5.3VALUE CHAIN ANALYSIS67
FIGURE 24OPERATIONAL TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS67
5.4ECOSYSTEM68
FIGURE 25OPERATIONAL TECHNOLOGY MARKET: ECOSYSTEM68
TABLE 1COMPANIES AND THEIR ROLE IN OPERATIONAL TECHNOLOGY
MARKET ECOSYSTEM69
5.5TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS70
FIGURE 26OPERATIONAL TECHNOLOGY MARKET: TRENDS/DISRUPTIONS
IMPACTING CUSTOMER’S BUSINESS70
5.6PORTER’S FIVE FORCES ANALYSIS70
TABLE 2OPERATIONAL TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS71
5.6.1THREAT OF NEW ENTRANTS71
5.6.2THREAT OF SUBSTITUTES71
5.6.3BARGAINING POWER OF SUPPLIERS72
5.6.4BARGAINING POWER OF BUYERS72
5.6.5INTENSITY OF COMPETITIVE RIVALRY72
5.7CASE STUDY72
5.7.1USE CASE 1: ARB MIDSTREAM72
5.7.2USE CASE 2: CANADIAN CRUDE OIL PRODUCER73
5.7.3USE CASE 3: BARCELONA73
5.7.4USE CASE 4: HIETA74
5.8PRICING ANALYSIS74
5.8.1LEVEL TRANSMITTERS74
5.8.2INDUSTRIAL SENSORS74
TABLE 3PRICE RANGE OF INDUSTRIAL SENSORS75
5.8.3AVERAGE SELLING PRICES OF MARKET PLAYERS, BY FIELD DEVICES75
FIGURE 27AVERAGE SELLING PRICES OF KEY PLAYERS, BY FIELD DEVICES75
TABLE 4AVERAGE SELLING PRICES OF KEY PLAYERS, BY FIELD DEVICES (USD)76
5.9KEY CONFERENCES & EVENTS IN 2022–202376
TABLE 5OPERATIONAL TECHNOLOGY MARKET: DETAILED LIST OF
CONFERENCES & EVENTS76
5.10TRADE ANALYSIS78
5.10.1VALVES78
FIGURE 28IMPORTS DATA FOR VALVES, 2016–2020 (USD MILLION)78
FIGURE 29EXPORTS DATA FOR VALVES, 2016–2020 (USD MILLION)79
5.11PATENTS ANALYSIS79
FIGURE 30NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 202179
FIGURE 31TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT
APPLICATIONS IN LAST 10 YEARS80
TABLE 6LIST OF TOP PATENT OWNERS IN LAST 10 YEARS80
5.11.1LIST OF MAJOR PATENTS81
5.12KEY STAKEHOLDERS AND BUYING CRITERIA84
5.12.1KEY STAKEHOLDERS IN BUYING PROCESS84
FIGURE 32INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 INDUSTRIES84
TABLE 7INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP 3 INDUSTRIES (%)84
5.12.2BUYING CRITERIA85
FIGURE 33KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES85
TABLE 8KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES85
5.13TECHNOLOGY TRENDS86
5.13.1INDUSTRY 4.086
5.13.2ARTIFICIAL INTELLIGENCE (AI)86
5.13.3INTERNET OF THINGS (IOT)87
5.13.4BLOCKCHAIN87
5.13.5AUGMENTED REALITY (AR) & VIRTUAL REALITY (VR)87
5.13.6PREDICTIVE MAINTENANCE88
5.13.7DIGITAL TWIN88
5.14STANDARDS & REGULATORY LANDSCAPE88
5.14.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS88
TABLE 9NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT
AGENCIES, AND OTHER ORGANIZATIONS88
TABLE 10EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS89
TABLE 11ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS90
TABLE 12REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS91
5.14.2REGULATORY STANDARDS91
5.14.2.1IEC TS 62832-1: 202091
5.14.2.2ISO/IEC TR 63306-1:202091
5.14.2.3ISO 55001: 201491
TABLE 13MAJOR COMMUNICATION STANDARDS FOR SCADA SYSTEMS92
TABLE 14INDUSTRIAL SAFETY STANDARDS92
6OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT93
6.1INTRODUCTION94
FIGURE 34OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT94
TABLE 15OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT,
2018–2021 (USD MILLION)94
TABLE 16OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT,
2022–2027 (USD MILLION)95
6.2FIELD INSTRUMENTS95
FIGURE 35MARKET FOR INDUSTRIAL SENSORS TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 202796
TABLE 17OPERATIONAL TECHNOLOGY MARKET, BY FIELD INSTRUMENTS,
2018–2021 (USD MILLION)96
TABLE 18OPERATIONAL TECHNOLOGY MARKET, BY FIELD INSTRUMENTS,
2022–2027 (USD MILLION)96
TABLE 19OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS, BY REGION, 2018–2021 (USD MILLION)97
TABLE 20OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS, BY REGION, 2022–2027 (USD MILLION)97
TABLE 21OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)97
TABLE 22OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)98
TABLE 23OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)98
TABLE 24OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)98
6.2.1INDUSTRIAL VALVES99
6.2.1.1Growth of process and discrete industries leads to growing demand for industrial valves99
TABLE 25OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY REGION, 2018–2021 (USD MILLION)99
TABLE 26OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY REGION, 2022–2027 (USD MILLION)99
TABLE 27OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)100
TABLE 28OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)100
6.2.2TRANSMITTERS101
TABLE 29TYPES OF TRANSMITTERS USED IN FIELD INSTRUMENTS101
6.2.2.1Pressure transmitters102
6.2.2.1.1Pressure transmitters can determine pressure of liquid, gas, and steam in different industries102
6.2.2.2Temperature transmitters102
6.2.2.2.1Temperature transmitters are used for determining temperature of fluids in various industries102
6.2.2.3Level transmitters102
6.2.2.3.1Level transmitters determine the level of given liquid or solid bulk in process industries102
TABLE 30OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY REGION, 2018–2021 (USD MILLION)103
TABLE 31OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY REGION, 2022–2027 (USD MILLION)103
TABLE 32OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)103
TABLE 33OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)104
6.2.3INDUSTRIAL SENSORS104
6.2.3.1Rise in use of industrial sensors to ensure connectivity in manufacturing plants to boost market growth104
6.2.3.2Wired industrial sensors105
6.2.3.3Wireless industrial sensors105
TABLE 34OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY REGION, 2018–2021 (USD MILLION)105
TABLE 35OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY REGION, 2022–2027 (USD MILLION)105
TABLE 36OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)106
TABLE 37OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)106
TABLE 38OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)106
TABLE 39OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)106
6.2.4ACTUATORS107
6.2.4.1Growing requirement for improved control over movement of equipment in manufacturing facilities to boost market growth107
6.2.4.2Linear actuators107
6.2.4.2.1Rod type linear actuators107
6.2.4.2.1.1Increasing use of rod-less type linear actuators in aircraft structures to drive demand107
6.2.4.2.2Screw type linear actuators108
6.2.4.2.2.1Growing use with servomotors in drive and control hardware to fuel demand108
6.2.4.2.3Belt type linear actuators108
6.2.4.2.3.1Rising use to increase operational efficiency of process automation to drive demand108
6.2.4.3Rotary actuators108
6.2.4.3.1Motors108
6.2.4.3.1.1Surging sales of industrial robots to drive demand108
6.2.4.3.2Bladder & vane108
6.2.4.3.2.1Increasing use in gates and valves deployed in process industries to drive demand108
6.2.4.3.3Piston type109
6.2.4.3.3.1Growing use for precision control applications in electronics industry to drive demand109
6.3CONTROL SYSTEMS109
FIGURE 36DCS TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD109
TABLE 40OPERATIONAL TECHNOLOGY MARKET, BY CONTROL SYSTEMS,
2018–2021 (USD MILLION)110
TABLE 41OPERATIONAL TECHNOLOGY MARKET, BY CONTROL SYSTEMS,
2022–2027 (USD MILLION)110
TABLE 42OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY REGION, 2018–2021 (USD MILLION)110
TABLE 43OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY REGION, 2022–2027 (USD MILLION)111
TABLE 44OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)111
TABLE 45OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)112
TABLE 46OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)112
TABLE 47OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)113
6.3.1SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)113
6.3.1.1Surge in adoption of SCADA for collecting real-time data from remote locations and controlling different devices to fuel market growth113
FIGURE 37SCOPE OF SCADA IN OPERATIONAL TECHNOLOGY MARKET114
TABLE 48OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY REGION,
2018–2021 (USD MILLION)114
TABLE 49OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY REGION,
2022–2027 (USD MILLION)115
TABLE 50OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)115
TABLE 51OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)116
TABLE 52OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)116
TABLE 53OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)117
6.3.2PLANT ASSET MANAGEMENT117
6.3.2.1Surging adoption of PAM systems to reduce downtime and wastage in manufacturing plants to fuel market growth117
6.3.2.2By offering118
6.3.2.2.1PAM solutions help improve operational efficiency of business processes118
6.3.2.3By deployment118
6.3.2.3.1Cloud (online) deployment mode is gaining popularity due to growing demand for advanced technologies118
6.3.2.4By asset type119
6.3.2.4.1PAM solutions are in demand for production assets such as monitoring, rotating, and reciprocating equipment119
TABLE 54OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY REGION,
2018–2021 (USD MILLION)119
TABLE 55OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY REGION,
2022–2027 (USD MILLION)120
TABLE 56OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)120
TABLE 57OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)120
TABLE 58OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)121
TABLE 59OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)121
6.3.3DISTRIBUTED CONTROL SYSTEM (DCS)121
6.3.3.1Rise in demand for process automation and control in industrial manufacturing plants to drive growth of DCS segment121
FIGURE 38BENEFITS OF DCS IN INDUSTRIAL PLANTS122
TABLE 60SOME MODELS OF DCS OFFERED BY DIFFERENT COMPANIES122
FIGURE 39DCS TYPE123
TABLE 61OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY REGION,
2018–2021 (USD MILLION)124
TABLE 62OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY REGION,
2022–2027 (USD MILLION)124
TABLE 63OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)124
TABLE 64OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)125
FIGURE 40BENCHMARKING OF TOP 3 COMPANIES IN DCS MARKET126
6.3.4HUMAN–MACHINE INTERFACE (HMI)127
6.3.4.1Improvements in data visualization offered by HMI to fuel its adoption rate127
TABLE 65OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY REGION,
2018–2021 (USD MILLION)127
TABLE 66OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY REGION,
2022–2027 (USD MILLION)127
TABLE 67OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)128
TABLE 68OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)128
TABLE 69OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)129
TABLE 70OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)129
6.3.5MANUFACTURING EXECUTION SYSTEM (MES)130
6.3.5.1Cost-saving and operation optimization benefits of MES to drive their demand130
TABLE 71OPERATIONAL TECHNOLOGY MARKET FOR MES, BY REGION,
2018–2021 (USD MILLION)130
TABLE 72OPERATIONAL TECHNOLOGY MARKET FOR MES, BY REGION,
2022–2027 (USD MILLION)131
TABLE 73OPERATIONAL TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)131
TABLE 74OPERATIONAL TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)131
TABLE 75OPERATIONAL TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)132
TABLE 76OPERATIONAL TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)132
6.3.6WAREHOUSE MANAGEMENT SYSTEM (WMS)132
6.3.6.1By offering133
6.3.6.1.1Digitization of supply chain management propels growth of warehouse management system market133
6.3.6.2Implementation type133
6.3.6.2.1Increasing adoption of on-cloud WMS solutions133
6.3.6.3By tier type134
6.3.6.3.1Rising demand for WMS from several industries134
TABLE 77OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY REGION,
2018–2021 (USD MILLION)134
TABLE 78OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY REGION,
2022–2027 (USD MILLION)134
TABLE 79OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)135
TABLE 80OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)135
TABLE 81OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION)135
TABLE 82OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION)136
6.3.7FUNCTIONAL SAFETY136
6.3.7.1Growing adoption of functional safety systems in different industries to boost market growth136
TABLE 83OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2018–2021 (USD MILLION)137
TABLE 84OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2022–2027 (USD MILLION)137
TABLE 85OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION)137
TABLE 86OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION)138
6.4SERVICES138
6.4.1PREDICTIVE MAINTENANCE SERVICES138
6.4.1.1Increasing adoption of predictive maintenance services to reduce risk and failure of machine138
6.4.1.2Professional services139
6.4.1.3Managed services139
6.4.2OTHERS139
6.4.2.1OEM services139
6.4.2.2Remote diagnostics and maintenance services139
7OPERATIONAL TECHNOLOGY MARKET, BY NETWORKING TECHNOLOGY141
7.1INTRODUCTION141
FIGURE 41OPERATIONAL TECHNOLOGY MARKET, BY NETWORKING TECHNOLOGY141
7.2WIRED NETWORKING TECHNOLOGY142
7.2.1PROFIBUS142
7.2.1.1PROFIBUS links automation systems and controllers with decentralized field devices142
7.2.2MODBUS142
7.2.2.1Modbus can run over almost all communication media such as wired media, wireless media, optical networks, and others142
7.2.3PROFINET143
7.2.3.1PROFINET supplements existing PROFIBUS technologies by providing faster data communication143
7.2.4ETHERNET/IP143
7.2.4.1Ethernet/IP is among leading industrial protocols and is widely used in hybrid and process industries143
7.2.5OTHERS143
7.3WIRELESS NETWORKING TECHNOLOGY144
7.3.1WLAN144
7.3.1.1WLAN provides wide area coverage and faster communication144
7.3.2ISA100.11A144
7.3.2.1ISA 100 operates in 2.4 MHz frequency range and can support up to 15 channels144
7.3.3CELLULAR145
7.3.3.1Cellular networks can be ideal for IIoT applications that require operations over long distances145
7.3.4ZIGBEE145
7.3.4.1ZIGBEE offers easy network expansion, low power consumption, good coverage area, and reliable network structure145
7.3.5WHART145
7.3.5.1WHART is open industry standard specifically designed for particular requirements of wireless networking technology145
7.3.6OTHERS146
8OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY147
8.1INTRODUCTION148
FIGURE 42GLOBAL OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY148
TABLE 87OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY,
2018–2021 (USD MILLION)148
TABLE 88OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY,
2022–2027 (USD MILLION)149
8.2PROCESS INDUSTRY149
FIGURE 43MARKET FOR ENERGY & POWER INDUSTRY TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027150
TABLE 89OPERATIONAL TECHNOLOGY MARKET, BY PROCESS INDUSTRY,
2018–2021 (USD MILLION)150
TABLE 90OPERATIONAL TECHNOLOGY MARKET, BY PROCESS INDUSTRY,
2022–2027 (USD MILLION)151
8.2.1OIL & GAS151
8.2.1.1Opportunity to increase process efficiency and gain competitive edge is driving operational technology market in oil & gas industry151
8.2.2CHEMICALS152
8.2.2.1Control systems provide operational solutions to chemicals industry152
8.2.3PHARMACEUTICALS153
8.2.3.1Automated machine solutions are required for smooth functioning of pharmaceuticals industry153
8.2.4METALS & MINING154
8.2.4.1Growing adoption of MES to integrate workflow of mining operations to fuel market growth154
8.2.5FOOD & BEVERAGES154
8.2.5.1Operational technologies used in food & beverages industry offer flexibility, safety solutions, and software tools to control operations of machines154
8.2.6ENERGY & POWER155
8.2.6.1Fastest growing process industry for operational technology market155
8.2.7PULP & PAPER156
8.2.7.1Growing digitalization in paper industry to increase implementation of operational process156
8.2.8OTHERS156
8.3DISCRETE INDUSTRY157
FIGURE 44MACHINE MANUFACTURING TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD157
TABLE 91OPERATIONAL TECHNOLOGY MARKET, BY DISCRETE INDUSTRY,
2018–2021 (USD MILLION)158
TABLE 92OPERATIONAL TECHNOLOGY MARKET, BY DISCRETE INDUSTRY,
2022–2027 (USD MILLION)158
8.3.1AUTOMOTIVE159
8.3.1.1Adoption of PLM systems and technological innovations in automotive industry drive operational technology market growth159
8.3.2AEROSPACE & DEFENSE159
8.3.2.1Demand for MES system solutions in aerospace & defense industry to drive operational technology market159
8.3.3SEMICONDUCTOR & ELECTRONICS160
8.3.3.1Technological advancements and adoption of control systems in semiconductor & electronics industry to drive demand for operational technologies160
8.3.4MEDICAL DEVICES161
8.3.4.1Increasing demand for control systems for higher efficiency in medical devices industry161
8.3.5MACHINE MANUFACTURING161
8.3.5.1Surging demand for predictive maintenance to propel operational technology market growth for machine manufacturing161
8.3.6OTHERS162
9GEOGRAPHIC ANALYSIS163
9.1INTRODUCTION164
FIGURE 45GEOGRAPHIC SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET164
FIGURE 46APAC TO HOLD LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET DURING FORECAST PERIOD165
TABLE 93OPERATIONAL TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)165
TABLE 94OPERATIONAL TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)165
9.2NORTH AMERICA166
9.2.1IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY
MARKET IN NORTH AMERICA167
FIGURE 47SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA167
FIGURE 48US TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA IN 2027168
TABLE 95OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)168
TABLE 96OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)168
9.2.2US169
9.2.2.1Increasing adoption of control system solutions by leading industrial players and startups to drive market growth169
9.2.3CANADA170
9.2.3.1Growth of process and discrete industries to contribute to operational technology market growth in Canada170
9.2.4MEXICO170
9.2.4.1Rapidly developing aerospace industry to create lucrative growth opportunities for market in Mexico170
9.3EUROPE171
9.3.1IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET IN EUROPE172
FIGURE 49SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET IN EUROPE172
FIGURE 50GERMANY TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN EUROPE IN 2027173
TABLE 97OPERATIONAL TECHNOLOGY MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION)173
TABLE 98OPERATIONAL TECHNOLOGY MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION)173
9.3.2UK174
9.3.2.1Need to improve safety and quality of operations to boost demand for control systems in UK174
9.3.3GERMANY175
9.3.3.1Chemicals and pharmaceuticals industries will drive operational technology market growth in Germany175
9.3.4FRANCE175
9.3.4.1Medical devices industry to favor growth of operational technology market in France175
9.3.5REST OF EUROPE176
9.4APAC177
9.4.1IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET IN APAC177
FIGURE 51SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET IN ASIA PACIFIC178
FIGURE 52CHINA TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN APAC IN 2027179
TABLE 99OPERATIONAL TECHNOLOGY MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION)179
TABLE 100OPERATIONAL TECHNOLOGY MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION)179
9.4.2CHINA180
9.4.2.1Increasing government initiatives for development of automotive industry to drive operational technology market in China180
9.4.3JAPAN181
9.4.3.1Semiconductor & electronics industries would create growth opportunities for operational technology market in Japan181
9.4.4INDIA181
9.4.4.1Make in India initiative to support growth of operational technology market181
9.4.5REST OF APAC182
9.5ROW183
9.5.1IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET IN ROW183
FIGURE 53MIDDLE EAST TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN ROW IN 2027183
TABLE 101OPERATIONAL TECHNOLOGY MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION)184
TABLE 102OPERATIONAL TECHNOLOGY MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION)184
9.5.2SOUTH AMERICA184
9.5.2.1Rising adoption of IoT technologies in different industries to drive growth of operation technology market184
9.5.3MIDDLE EAST & AFRICA185
9.5.3.1Rising adoption of advanced operational technologies in oil & gas and mining industries to propel market growth185
10COMPETITIVE LANDSCAPE186
10.1INTRODUCTION186
10.2KEY PLAYER STRATEGIES/RIGHT TO WIN186
TABLE 103OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN OPERATIONAL TECHNOLOGY MARKET186
10.3REVENUE ANALYSIS OF TOP 5 COMPANIES187
FIGURE 54TOP 5 PLAYERS IN OPERATIONAL TECHNOLOGY MARKET, 2016–2020188
10.4MARKET SHARE ANALYSIS OF TOP PLAYERS, 2020-2021190
TABLE 104GLOBAL SCADA MARKET: MARKET SHARE ANALYSIS190
10.5COMPETITIVE EVALUATION QUADRANT, 2020191
10.5.1STAR191
10.5.2EMERGING LEADER191
10.5.3PERVASIVE191
10.5.4PARTICIPANT191
FIGURE 55SCADA MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021192
10.6SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020193
10.6.1PROGRESSIVE COMPANY193
10.6.2RESPONSIVE COMPANY193
10.6.3DYNAMIC COMPANY193
10.6.4STARTING BLOCK193
FIGURE 56SCADA MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021194
10.6.5OPERATIONAL TECHNOLOGY MARKET: COMPANY FOOTPRINT195
TABLE 105COMPANY COMPONENT FOOTPRINT195
TABLE 106COMPANY INDUSTRY FOOTPRINT196
TABLE 107COMPANY REGION FOOTPRINT197
TABLE 108COMPANY FOOTPRINT198
10.6.6OPERATIONAL TECHNOLOGY MARKET: STARTUP MATRIX199
TABLE 109OPERATIONAL TECHNOLOGY MARKET: DETAILED LIST OF KEY STARTUP/SMES199
TABLE 110OPERATIONAL TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES200
10.7COMPETITIVE SITUATIONS AND TRENDS201
10.7.1PRODUCT LAUNCHES202
TABLE 111OPERATIONAL TECHNOLOGY MARKET: PRODUCT LAUNCHES202
10.7.2DEALS207
10.7.2.1Operational technology market: Deals207
11COMPANY PROFILES212
11.1KEY PLAYERS212
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1.1ABB212
TABLE 112ABB: BUSINESS OVERVIEW212
FIGURE 57ABB: COMPANY SNAPSHOT213
TABLE 113ABB: PRODUCT OFFERINGS214
11.1.2SIEMENS217
TABLE 114SIEMENS: BUSINESS OVERVIEW217
FIGURE 58SIEMENS: COMPANY SNAPSHOT218
TABLE 115SIEMENS: PRODUCT OFFERINGS219
11.1.3HONEYWELL INTERNATIONAL INC223
TABLE 116HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW223
FIGURE 59HONEYWELL: COMPANY SNAPSHOT224
TABLE 117HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS225
11.1.4GENERAL ELECTRIC227
TABLE 118GENERAL ELECTRIC: BUSINESS OVERVIEW227
FIGURE 60GENERAL ELECTRIC: COMPANY SNAPSHOT228
TABLE 119GENERAL ELECTRIC: PRODUCT OFFERINGS229
11.1.5SCHNEIDER ELECTRIC232
TABLE 120SCHNEIDER ELECTRIC: BUSINESS OVERVIEW232
FIGURE 61SCHNEIDER ELECTRIC: COMPANY SNAPSHOT233
TABLE 121SCHNEIDER ELECTRIC: PRODUCT OFFERINGS234
11.1.6ROCKWELL AUTOMATION INC236
TABLE 122ROCKWELL AUTOMATION INC: BUSINESS OVERVIEW236
FIGURE 62ROCKWELL AUTOMATION INC.: COMPANY SNAPSHOT237
TABLE 123ROCKWELL AUTOMATION INC: PRODUCT OFFERINGS238
11.1.7EMERSON ELECTRIC CO.240
TABLE 124EMERSON ELECTRIC CO.: BUSINESS OVERVIEW240
FIGURE 63EMERSON ELECTRIC CO.: COMPANY SNAPSHOT241
TABLE 125EMERSON ELECTRIC CO.: PRODUCT OFFERINGS242
TABLE 126EMERSON ELECTRIC CO.: PRODUCT LAUNCHES AND DEVELOPMENTS244
11.1.8ORACLE246
TABLE 127ORACLE: BUSINESS OVERVIEW246
FIGURE 64ORACLE: COMPANY SNAPSHOT247
TABLE 128ORACLE: PRODUCT OFFERINGS248
11.1.9IBM250
TABLE 129IBM: BUSINESS OVERVIEW250
FIGURE 65IBM: COMPANY SNAPSHOT251
TABLE 130IBM: PRODUCT OFFERINGS251
11.1.10YOKOGAWA ELECTRIC CORPORATION254
TABLE 131YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW254
FIGURE 66YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT255
TABLE 132YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERINGS256
TABLE 133YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS258
11.1.11FUJI ELECTRIC CO., LTD.260
TABLE 134FUJI ELECTRIC CO., LTD.: BUSINESS OVERVIEW260
FIGURE 67FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT261
TABLE 135FUJI ELECTRIC CO., LTD.: PRODUCT OFFERINGS262
11.1.12MITSUBISHI ELECTRIC CORPORATION264
TABLE 136MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW264
FIGURE 68MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT265
TABLE 137MITSUBISHI ELECTRIC CORPORATION: PRODUCT OFFERINGS266
11.1.13OMRON CORPORATION268
TABLE 138OMRON CORPORATION: BUSINESS OVERVIEW268
FIGURE 69OMRON CORPORATION: COMPANY SNAPSHOT269
TABLE 139OMRON CORPORATION: PRODUCT OFFERINGS270
11.1.14HITACHI, LTD.272
TABLE 140HITACHI, LTD.: BUSINESS OVERVIEW272
FIGURE 70HITACHI, LTD.: COMPANY SNAPSHOT273
TABLE 141HITACHI, LTD.: PRODUCT OFFERINGS274
11.1.15HOLLYSYS276
TABLE 142HOLLYSYS: BUSINESS OVERVIEW276
FIGURE 71HOLLYSYS: COMPANY SNAPSHOT277
TABLE 143HOLLYSYS: PRODUCT OFFERINGS278
11.2OTHER KEY PLAYERS279
11.2.1KROHNE MESSTECHNIK GMBH279
11.
