|By Business Wire||
|April 22, 2014 05:05 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/xrjkbb/global_human) has announced the addition of the "Global Human Machine Interface (HMI) Market 2014-2018 with General Electric, Invensys & Schneider Electric Dominating the Industry" report to their offering.
The Global Human Machine Interface (HMI) market to grow at a CAGR of 10% to 2018.
The growth in industrial automation is one of the major drivers in the market. The Process industry in the APAC region is growing faster than the global Process industry, creating a positive impact on the HMI market in this region.
HMI vendors are continually developing their technology to survive in the competitive business environment in which they operate. They have started developing proactive HMI systems that act as diagnostic tools and help implement preventive measures in manufacturing plants. With the help of these proactive HMI systems, end-users can locate and control production-related problems. In addition, these HMI systems have video capabilities.
Further, the report states that the continuous decline in product prices is one of the major challenges in the market. The prices of HMI systems are steadily declining as a result of the increased popularity of open source HMI software and the easy availability of low-cost HMI systems. These factors have a negative effect on the pricing strategy of HMI vendors.
Key vendors dominating this space are:
- General Electric Co.
- Invensys plc
- Schneider Electric Co.
Other vendors mentioned in the report are:
- Elipse Software
- Rockwell Automation
- Siemens AG.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/xrjkbb/global_human
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