|By Business Wire||
|February 19, 2014 06:30 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/xbn755/global_human) has announced the addition of the "Global Human Machine Interface (HMI) Market 2014-2018" report to their offering.
The Global Human Machine Interface (HMI) market is expected to grow at a CAGR of 9.98 percent over the period 2013-2018. Commenting on the report, an analyst from the researchers' team said: 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.
According to the report, 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.
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 Topics Covered
1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
6. Market Landscape
7. Market Segmentation by End-users
8. Geographical Segmentation
9. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis - 2018 (US$ billion)
- General Electric
- Schneider Electric
For more information visit http://www.researchandmarkets.com/research/xbn755/global_human
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