December 22, 2011 - As the lifecycle benefits of fieldbus solutions become more apparent, fieldbus has become more accepted in a wider range of industries and by greater numbers of end users. The worldwide market for Fieldbus Solutions in the Process Industries is expected to grow at an above average compounded annual growth rate (CAGR) for the next five years according to a new ARC Advisory Group study.
Emerging Markets Drive Fieldbus Growth
Fieldbus solutions lend themselves particularly well to large new installations that can best leverage the benefits of the technology. Consequently, the greatest growth will come from the emerging markets of China and India. With a CAGR of over 24 percent, Asia will be the fieldbus growth engine, similar to that of the process automation industry. Latin America is expected to experience the next highest growth rate of over 10 percent; however, the region still accounts for just a small percentage of the total fieldbus market. The developed regions are expected to experience less than average growth, particularly in North America. However, as suppliers develop improved retrofit fieldbus solutions, and end users continue with migration projects, we expect fieldbus will be implemented more rapidly in these regions.
Following the trend, ADTECH shall also devote themselves to the R&D on fieldbus products, such as our CNC controllers and servo system. Please look forward to ADTECH’s new valuable products to customers.