DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4c582e/automation_and_con) has announced the addition of Frost & Sullivan's new report "Automation and Controls Market in Thailand" to their offering.
The market in Thailand has the potential to grow, although competition exists among regional market participants. Products such as advanced control systems and real-time optimization simulation are gaining importance, and hence the automation and controls market is likely to become more competitive
This Frost & Sullivan research service titled Automation and Controls Market in Thailand focuses on various automation products and provides qualitative analysis of the market drivers and restraints that are aiding and restraining the growth of this market. It also covers a wide range of end users from both process and discrete industries. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: programmable logic controllers (PLCs), distributed control systems (DCS), supervisory control and data acquisition (SCADA), human machine interface (HMI), manufacturing execution systems (MES), advanced control systems (ACS), and real time optimization and simulation (RTOS).
Burgeoning Automotive Segment Provides a Shot of Adrenaline for the Automation and Controls Market in Thailand
The booming automotive industry in Thailand has been primarily responsible for buoying prospects for the automation and controls market. Thailand has emerged as the world's second-largest producer of motorcycles and pick-up trucks. Apart from this, the country's expanding population has enabled the food and beverages and packaging market to thrive, providing a boost to the automation and controls segment. Digital automation technology has fuelled growth in the automation and controls market. Significant advancements in flat panel displays allow readability in bright and ambient light, as well as from a distance.
The revenues of the total automation and controls market in Thailand were $128.3 million in 2009. Revenues are expected to reach $212 million, with a compound annual growth rate (CAGR) of 7.4 percent from 2009 to 2016. The country had weathered the global financial crisis better than expected. Trends indicate that PLCs and DCSs are in greater demand compared to the rest of the products due to expansion of the oil and gas industry. Products such as ACS and RTOS are also gaining importance among market participants.
Suppliers Must Strengthen Service and Distribution Networks to Maintain Business Traction
Although the prospects for the market look upbeat, there are some aspects clouding the landscape. Increasing environmental issues limit the possibility of setting up new projects. Compliance to regulations laid by the government is becoming difficult to follow. Thailand has a limited number of greenfield projects in the primary sectors such as power, water, and wastewater, and so on. This has constrained the sale of automation and control products. Besides, Thailand has inexpensive but not skilled labor employable in the automation industry and the cost of training new workers is high. In this space, end users expect easy access to manufacturers, and hence product personalization becomes increasingly critical. Automation and controls suppliers are required to concentrate more on their service and distribution networks to cater to the needs of the customer.
The automation and controls market in Thailand has a reasonable share of Japanese participants, making it difficult for suppliers to penetrate this market. Despite this, Thailand still offers ample potential for growth. To succeed in this competitive market, organizations need to be flexible and adopt the latest technologies, concludes the analyst. Further, to improve the efficiency of operations, the manufacturing and processing industries too have to use the latest and most appropriate automation systems and software.
Market Sectors:
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Product Type:
- Programmable logic controllers
- Distributed control systems
- Supervisory control and data acquisition
- Human machine interface
- Manufacturing execution systems
- Advanced control systems
- Real time optimization and simulation
Key Topics Covered:
- Total Automation and Software Markets in Thailand
- Programmable Logic Controllers Market
- Distributed Control Systems Market
- Supervisory Control and Data Acquisition
- Human Machine Interface Market
- Manufacturing Execution System Market
- End-user Analysis
For more information visit http://www.researchandmarkets.com/research/4c582e/automation_and_con