TMCnet News
Global Industrial PC Market to Exceed USD 5 billion by 2020, According to TechnavioThe global industrial PC market is likely to grow at a CAGR of over 10% during the forecast period. In this report, Technavio covers the present scenario and growth prospects of the global industrial PC market through 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market. The market is segmented into the following regions:
EMEA: largest industrial PC market The industrial PC market in EMEA is expected to grow at a CAGR of over 8%. The oil-rich Middle East countries, such as Kuwait, Saudi Arabia, Turkey, the United Arab Emirates, and Iraq have contributed to the growth of the market in EMEA, as industrial PCs are widely used in the oil and gas industry. Industrial PCs also offer remote users easy access to critical data in real time, so that the data can be used for applications, such as supervisory control and data acquisition (SCADA), control room management, exploration, and wellhead monitoring. These PCs help create safer and more productive work environments. However, Bharath Kanniappan, senior industry analyst for the automation industry at Technavio says, "EMEA is likely to lose its historical growth rate in the global industrial PC market during the forecast period. The decline will stem from the slow growth in manufacturing industries in Germany, France, and Italy in the aftermath of the Eurozone crisis and the Greek debt crisis. Also space constraints in setting up of new manufacturing plants may also push the industrial PC market to decline in EMEA." Request for a sample: http://goo.gl/NMzVn0 APAC: fastest growing market for industrial PCs The industrial PC market is expected to reach USD 2 billion by 2020, growing at a CAGR of over 11%, making it the fastest growing market during the forecast period. The main revenue contributors to the market in APAC are Japan, South Korea, China, and India. The growth in manufacturing sectors in APAC has boosted the industrial PC market. Technavio predicts that APAC will see growth in the industrial PC market, in the wake of growing investments in sectors such as oil and gas, chemical and petrochemicals, automotive, and energy industries. Asia accounted for more than 9,500 manufacturing companies in 2014, and this boosted the growth of the industrial PC market in APAC. Americas: reshoring of manufacturing leads to growth in the industrial PC market The industrial PC market in the Americas is expected to grow at a CAGR of over 10%. The major contributors to the industrial PC market in the Americas are the US and Canada. The manufacturing industry in the US is gaining ground, indicated by the reshoring of manufacturing jobs to the country. In 2010, about 10,000 manufacturing jobs were added in the US and this figure rose to 60,000 in 2014. Several companies such as GM, Walmart, Caterpillar, Ford (News - Alert), and GE are reshoring their manufacturing jobs. Following this, US manufacturing industries are implementing industrial PC technologies to automate their production processes. "Many companies across automotive, oil and gas, and energy industries are setting up new plants in Latin American countries such as Brazil, Argentina, and Mexico. This will boost the growth of industrial PC market in the Americas" says Bharath. Key Vendors: Browse Related Reports:
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio's reports allows you to download any three reports per month for the price of one. Contact [email protected] with your requirements and a link to our subscription platform. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20160209005178/en/ |
