New ARC Study Indicates Foundation Fieldbus Maintains Market Leadership

  Enquire / contact me

Foundation technology growth outpaces other process fieldbus solutions

New ARC Study Indicates Foundation Fieldbus Maintains Market Leadership
New ARC Study Indicates Foundation Fieldbus Maintains Market Leadership

ARC Advisory Group, the well-known manufacturing research and advisory firm based in Dedham, MA, has released a new study entitled "Fieldbus Solutions in the Process Industries: Worldwide Outlook," which indicates Foundation fieldbus continues to lead the market in digital fieldbus communications for the process industries.
According to the new ARC report, Foundation fieldbus accounted for nearly three-quarters of the total digital process fieldbus marketplace in 2011. ARC also predicts ongoing expansion of the market for process fieldbus products and solutions, with continued double-digit growth over the next five years.
Foundation fieldbus provides an all-digital communication infrastructure for process automation, with powerful multivariable measurement capabilities, powerful device diagnostics, and the ability to integrate wireless devices across multiple networks. The block structure of Foundation fieldbus is unique, and provides true distributed functionality for implementing control in the field, improved data management, and alarm and alert management. Foundation technology is well prepared to take advantage of the growth opportunities in fieldbus technology over the next decade. ARC Analyst Kevin Crisafulli said, "Fieldbus technology has made further inroads into the culture of process automation, despite the negative impact that the global recession had on the market. Manufacturers are beginning to understand that the real value of fieldbus savings and increasing efficiency are more closely related to operating expenditures, which will drive growth going forward."
The Fieldbus Foundation's global marketing manager, Larry O'Brien, commented, "Thanks to the efforts of our supplier partners and the stringent testing & registration process at the Fieldbus Foundation, there is a wide range of products, systems, and components to choose from. With Foundation fieldbus expanding into more and more application segments such as Foundation for Remote Operations Management and Foundation for Safety Instrumented Functions, we are easily looking at a market opportunity in the billions of dollars on an annual basis for the foreseeable future."

Posted on March 29, 2012 - (448 views)
by
Related articles
Rockwell Presents the iTrack System at SPS IPC Drives 2018
Microscope Optics by Optris Presented at SPS IPC Drives
Aucotec Presents the DCS Portal at SPS IPC Drives 2018
LMI Technologies Receives the Certification for Integration with Universal Robots
SIKO Presents the PositionLine at SPS IPC Drives 2018 with IEN Europe
SIKO Presents the MagLine at SPS IPC Drives with IEN Europe
Better HMI and Evolution from PCBs to PLCs Pave the Way for New Market Opportunities
Interface Technology
The CC-Link Partner Association Announces the Future Of Open Industrial Ethernet
Continued Market Growth Is Testament To The Development Of PLCs
Sensing Innovation in Process and Control
Ultrasonic Flowmeter TRX
Hannay Reels Delivers Every Time
Multi-protocol Network Diagnostics
Take your Manufacturing to the Edge. Connect Everything
Power in new Dimensions - BXT Motor Family
Mechanical Position Sensor MP600 Series
Heaters of H series
3 Phase Book Style EMC Filter
Leading Distributor in Automation & Robotics Technology
Labfacility L60+ Thermocouple & Fine Wire Welder
Integrated Servo Motor
Single-Stage Filter
Medical Grade PC
High Speed and High Definition Camera
Multi-function Sensor Module
Drive for Marine Installations
AC/DC Desktop Power Adapters
Monitoring Fugitive Emissions & Leaks
Integrated Drive for Induction Motors
Rockwell Presents the iTrack System at SPS IPC Drives 2018
Microscope Optics by Optris Presented at SPS IPC Drives
Aucotec Presents the DCS Portal at SPS IPC Drives 2018
LMI Technologies Receives the Certification for Integration with Universal Robots
SIKO Presents the PositionLine at SPS IPC Drives 2018 with IEN Europe
SIKO Presents the MagLine at SPS IPC Drives with IEN Europe
Multi-protocol Network Diagnostics
Interroll Launches its Versatile Drive Platform at Sauber Motorsport
Brushless Flat DC-Servomotors with more torque
Labfacility L60+ Thermocouple & Fine Wire Welder