Lewes, DE -- (SBWIRE) -- 05/24/2016 -- Report forecast the Global Fieldbus Solution Market for Process Industry to grow at a CAGR of 8.44% during the period 2016-2020.

Fieldbus refers to a two-way communication digital network that uses physical data and application layers of the open systems interconnection (OSI) model. It is a control network used for process automation, which connects field devices with controller. Process industries worldwide are increasingly using Fieldbus-incorporated measurement instruments and sensors.

Especially, when a company uses automation solutions such as DCS or PLC, the Fieldbus solution provides the plant with streamlined communication protocol. This helps the company to carry out repairs on time and reduce downtime.

The report covers the present scenario and the growth prospects of the Global Fieldbus Solution Market for Process Industry for 2016-2020. To calculate the market size, the report considers the revenue from the sales of the Fieldbus types: PROFIBUS, Modbus, DeviceNet, AS-i, and serial real-time communication system (SERCOS).

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, a key driver for market growth is the high levels of investment in the process industry. Industries such as oil and gas, chemical and petrochemical, food and beverage, and pharmaceutical invest heavily in plant construction to increase their production capacity. For instance, with more than 31 bcm of technically recoverable shale gas resources, China has the world's largest shale gas reserves. China invested $160 billion in its shale gas development to increase the production capacity from 3.5 bcm to 6 bcm by 2016. In 2015, Nestle announced that it will investment $108 million to build a new factory in Girona, Spain. The same year, Gilead Alberta ULC had announced that it will invest $100 million to expand and upgrade its pharmaceutical manufacturing plant in Alberta, Canada. I

Further, the report states that one challenge that could hamper market growth is the interoperability issue in Fieldbus solutions as end-users cannot migrate to other providers in case of need.

Global Fieldbus Solution Market for Process Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Fieldbus Solution Market for Process Industry: ABB, Emerson Electric, Endress+Hauser, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: Azbil, Eaton, Flowserve, KROHNE, Metso Oyi, Pepperl+Fuchs, Rockwell Automation, SAMSON, SMAR Industrial Automation, VEGA Grieshaber, and Yokogawa Electric.

Market driver
- High investment in process industry
- For a full, detailed list, view our report

Market challenge
- Interoperability issues in Fieldbus
- For a full, detailed list, view our report

Market trend
- Emergence of new and innovative Fieldbus
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 53 pages and 21 Exhibit "Global Fieldbus Solutions Market for Process Industry 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-fieldbus-solutions-market-process-industry-2016-2020

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