According to a new market research report, "Manufacturing Execution System (MES) Market by Applications (Process Industries - Chemicals, F&B, Oil & Gas, Pulp & Paper, Lifesciences Power, Water & Wastewater Management Discrete Industries - Automotive, Medical Devices, Aerospace & Defense, FMCG) and Geography (Americas, EMEA, & APAC) - Forecast & Analysis to 2014 - 2020" published by MarketsandMarkets, the total market for the global Manufacturing Execution Systems (MES) Market will be worth $12.66 Billion by 2020 at an estimated CAGR of 11.02%
Browse 38 market data Tables and 30 Figures spread through 250 Pages and in-depth TOC on "Manufacturing Execution System (MES) Market".
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MES is gaining interest among a majority of manufacturing companies in all industries. With the help of MES, customers are reducing their costs in terms of wastage, reworks, and defects. On the other hand, it increases the productivity by real time data interpretation and process updating. Thus, the companies are able to attain the return on investment within a short span of time as compared to the traditional manufacturing methods. This impact is high at present and will eventually be very high in the next seven years. MES has helped in achieving higher level of operational results. With the help of MES, customers are reducing their costs in-terms of wastage, reworks, defects, etc. On the other hand, it has increased the productivity by real time data interpretation and process improvements during the process.
MES is being accepted in many industries and they are benefited with exceptional results of MES implantation. The use of automation is increasing in the process industries like chemical industry, power plants, petro industry, and pharmaceutical. MES is largely in use in the discrete manufacturing sectors like mining, oil and gas, and so on. The need for an MES solution varies depending on the level of complexity and automation required. The impact of this is very high as the growth in the process industries is far above the ground and the use of automation in these industries is also increasing.
The MES market has been segmented into four geographies: North America, Europe, Asia-Pacific (APAC), and ROW (Rest of the World). Asia-Pacific is expected to grow at the highest rate due to increase in production activities in APAC, which are accelerated by huge population (customer) base, and supporting government policies. APAC mostly includes India, China, Japan, South Korea, North Korea, Indonesia, Australia, New Zealand, and some other countries. Manufacturing units have shifted to China and India to get the benefit of low labor wages; however, these days labor cost is increasing, so there is a huge need for a system to tackle this problem. Thus, the demand for the MES system is very high in these countries to change the operations from manual to MES based automated operations.
Invensys is a global technology company that works in partnership with a broad range of industrial and commercial customers to design and supply advanced MES technologies that optimize their operational performance and profitability. From oil refineries and power stations to mining companies and appliance manufacturers, Invensys’s market-leading MES software, systems, and controls enable customers to monitor control, and automate their products and processes, thereby maximizing safety, efficiency, reliability, and ease of use. Invensys is active in over 180 countries; it has employed more than 16,500 people across four business segments: Software, Industrial Automation, Energy Controls, and Appliance.
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The industrial automation giant Schneider Electric has acquired the Invensys, plc in Jan 2014 expanding its product offering in the field of MES software and services. As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building and factory automation and data centers/networks, and a broad presence in residential applications. Focused on making energy safe, reliable, efficient, productive, and green, the company's 150,000 plus employees achieved sales of $32.6 billion in 2013.
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