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.
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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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The involvement of information technology in manufacturing process has increased over the last few years. Information technology is used to improve the overall result. MES has helped many industries to improve their process which leads to a sustainable improvement.
MES has changed the manual operations into paperless operations for faster data transfer and better decision making. Connected network of various MES systems is the biggest feature of the MES. This has helped senior managers to take decisions based on the real time data from across the borders.
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.
After finalizing the Invensys acquisition deal, Schneider Electric is now beginning to move the business plan from the board room to the marketplace. Already a discrete manufacturing leader in the field of MES market, Schneider’s acquisition of Invensys allows the company to bring a process-heavy MES portfolio into its fold. Schneider Electric can now offer MES products and services across the entire manufacturing spectrum. After the acquisition of Invensys, Plc, Schneider Electric S.A. stands to be the market leader in the MES market.
The Manufacturing Execution SystemMarket was estimated to be $6.76 Billion in 2014 and will be worth $12.66 Billion by 2020 at an estimated CAGR of 11.02%.
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Discrete and process industries are the two major categories of manufacturing that MES serves. MES has been used in process industries for a long time; however, discrete industries are very large in nature and have the potential to grow for MES to be implemented. Automobile, healthcare, aerospace and defense, and FMCG are the major ones among discrete industry.
North America and Europe account for similar market share in the global Manufacturing Execution System Market. Since the APAC region is becoming the manufacturing hub for most industries, this region possesses great potential for the MES market and all major players are focusing on APAC.
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