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Manufacturing execution system (MES) – oil and gas process segment dominates MES market by 2023, says Transparency Market Research

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The global MES Market is divided on the basis of process industry, discrete industry, and geography. By process industry, oil and gas, food and beverage, pharmaceutical, water and wastewater treatment, chemical, pulp and paper, energy and power, and others (textiles and steel and aluminum) are the segments of this market. In 2014, oil and gas contributed the largest revenue to the overall market.

On the basis of discrete industry, automotive, electronics and electrical, FMCG, aerospace and defense, medical devices, and others are the segments of this market. The others segment of the market includes semiconductors, printing and publishing, and furniture and wood products. Amongst all, automotive held the majority share in the market in 2014 in terms of revenue. This is mainly due to the surging installation of MES for expediting intermediate processes in the automotive industry.

In terms of geography, North America dominated the Mes Market in 2015. In this region, the need for integrating data from enterprise resource planning (ERP) modules and routing information to plant floors for process efficiency is driving the market’s growth.

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Use of MES Beneficial in Phasing out Traditional Industrial Processes

Manufacturing execution systems are consistently gaining traction due to the economic value they present as well. These systems, which are based on advanced software solutions, have minimal chances of failure, reducing the chances of disruption in the entire assembly. For example, deployment of MES solutions is on the rise to alleviate the use of traditional record keeping means, which have high chances of human errors.

In addition, MES also find application in integrating information systems on shop floors with business systems at the corporate end for the gradual phase-out of paper-based systems. The other capability of MES lies in integrating information from a number of processing plants or factory locations, thus, in turn, assisting manufacturers in making faster and informed decisions.

However, the high initial investment in the installation of manufacturing execution systems in manufacturing industries is posing a major hurdle in the growth of the global market for manufacturing execution system. The complexities in the installation of these systems are also inhibiting the growth of this market. Nevertheless, advancement in the industrial internet of things (IoT) will open growth opportunities for key participants in the MES market. IoT is assisting in the advancement of cloud computing, big data analytics, and industrial mobility. Consequently, next-generation MES are receiving a boost with real-time data analysis functionality.

Manufacturing Execution System Market Expands with Need for Automation of Industrial Processes

The global manufacturing execution system (MES) market will display an upward growth curve in the coming years owing to the surging demand for improved efficiency of industrial processes. This is related to production, execution, and automation requirements to keep up with regulatory compliances that industries need to adhere to. For instance, the food and beverage and pharmaceuticals industries are highly regulated, as these products are ingested by humans for sustenance and medicinal reasons. Thus, these industries require automation to minimize errors related to manual procedures.

Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of manufacturing execution system (MES) industry. Major market participants profiled in this report include ABB Ltd. (Switzerland), Schneider Electric S.E. (France), Rockwell Automation, Inc. (U.S.), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), and SAP SE (Germany) among others.

Research Report:http://www.transparencymarketresearch.com/manufacturing-execution-systems.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

[email protected]

http://www.transparencymarketresearch.com/



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Manufacturing execution system (MES) – oil and gas process segment dominates MES market by 2023, says Transparency Market Research

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