The global field device management (FDM) market size is expected to reach USD 1,700.1 Million by 2026 according to a new study by Polaris Market Research. The report “Field Device Management (FDM) Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software); By Deployment (Cloud, On-premises); By Communication Protocol; By Application (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Metals & Mining, Water & Wastewater, Automotive, Manufacturing); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Due to developments in hardware technologies, demand is increasing in the global device management market. In terms of market growth, the need to manage all peripheral devices within a company has played a vital role. Timely improvements in device configuration are a major requirement in all major industries. In addition, industrial units and plants require a high degree of flexibility and adaptation within their devices. Therefore, the global industry for FDM in the following years is projected to generate huge revenues.
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In 2018, the global market was dominated by FDM software, which has the highest share and will be expected to increase at a significant growth rate during the forecast period. The growth of the segment depends primarily on the increasing use in different industries of automation technology, Industry 4.0, and the IoT. Software for field device management can be used to carry out preventive maintenance and management tasks. The tools help the classification and management of collected information such as inspection notes, inspection timetables and system configuration information.
In addition, software solutions for field device management provide remote access to smart devices and machine data that can be used to prevent predictive maintenance. These benefits help to make high use of the software for managing filed devices and thus promote market growth.
North America has the largest market share of nearly 35 per cent of the overall worldwide revenue in the field of device management. In the high-market size of field device management systems in this area, North America, in particular, plays a key role. With a technological boom in the industrial environment, the adoption of field device management systems is growing fast in the United States. In addition, the majority of companies in this market operate in the United States and have a large client base in local and international markets, which contributes in large part to the existing volume of the market in this regional segment.
The demand for FDM solutions for the nonstop monitoring of processes and machinery of these industries is driven by development in industries such as power, electricity, oil & gas and chemical products in the Asia-pacific region. Furthermore, the growth rates in this region of field device management systems also increase the expansion of international players.
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Some of the key players in the market are Schneider Electric SE, Honeywell International Inc., Siemens AG, ABB Group, Emerson, Rockwell Automation, Mitsubishi Electric, Hach, Omron Corporation, Metso Oyj, FANUC Corporation, Yokogawa, Hamilton Company, Valmet Oyj, Phoenix Contact, Endress+Hauser, Festo, Azbil Corporation, Weidmüller and Omega Engineering among others.
Polaris Market research has segmented the field device management market report on the basis of offering, deployment, industry and region
- Field Device Management Offering Type Outlook (Revenue, USD Million, 2015 – 2026)
- Hardware
- Software
- Field Device Management Deployment Type Outlook (Revenue, USD Million, 2015 – 2026)
- Cloud
- On Premises
- Field Device Management Communication Protocol Outlook (Revenue, USD Million, 2015 – 2026)
- FOUNDATION Fieldbus
- HART
- PROFIBUS
- PROFINET
- Wireless Networking
- Modbus
- Others
- Field Device Management Application Outlook (Revenue, USD Million, 2015 – 2026)
- Oil & Gas
- Energy & Power
- Chemicals
- Pharmaceuticals
- Metals & Mining
- Water & Wastewater
- Automotive
- Manufacturing
- Field Device Management Regional Outlook (Revenue, USD Million, 2015 – 2026)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Asia Pacific
- India
- Japan
- China
- South Korea
- Latin America
- Brazil
- Mexico
- Colombia
- Middle East & Africa
- Saudi Arabia
- South Africa
- Israel
- UAE
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
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The field device management (FDM) market size is expected to reach USD 1,700.1 Million by 2026 according to a new study by Polaris Market Research.
The report “Field Device Management (FDM) Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software); By Deployment (Cloud, On-premises); By Communication Protocol; By Application (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Metals & Mining, Water & Wastewater, Automotive, Manufacturing); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.Due to developments in hardware technologies, demand is increasing in the global device management market.
Timely improvements in device configuration are a major requirement in all major industries.
Therefore, the global industry for FDM in the following years is projected to generate huge revenues.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/field-device-management-market/request-for-sampleNorth America has the largest market share of nearly 35 per cent of the overall worldwide revenue in the field of device management.
In the high-market size of field device management systems in this area, North America, in particular, plays a key role.
With a technological boom in the industrial environment, the adoption of field device management systems is growing fast in the United States.
Market HighlightsThe global smart grid networking market is projected to witness a rapid growth during the forecast period owing to increasing demand for energy management systems and increasing adoption of smart grid deployments.
Moreover, increasing demand for smart grid networking solutions and services across various uindustry verticals is driving the growth of the global smart grid networking market.The global smart grid networking market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Due to the sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future.
The growth of the market is also attributed to the increasing focus on business organizations towards better energy management and growing adoption of smart grid networking solutions by enterprises.
Avail the in-depth table of content TOC & market synopsis on “Smart Grid Networking Market Research Report-Forecast to 2023”.Smart Grid Networking Market SegmentationThe global smart grid networking market is segmented on the basis of hardware, software and service.However, the hardware segment is classified into cables, controllers, routers, smart meter communication modules, switches and others.
This owing to the efficiency being offered by smart meetrs that help in recording the power consumption in real time.
The Global SF6 Gas Circuit Breaker Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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Reports and Data’s latest study, titled ‘Global Automotive Surround View Camera Market,’ sheds light on the crucial aspects of the global Automotive Surround View Camera market.
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Market HighlightsThe global smart grid networking market is projected to witness a rapid growth during the forecast period owing to increasing demand for energy management systems and increasing adoption of smart grid deployments.
Moreover, increasing demand for smart grid networking solutions and services across various uindustry verticals is driving the growth of the global Smart Grid Networking Market.The global smart grid networking market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Due to the sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future.
The growth of the market is also attributed to the increasing focus on business organizations towards better energy management and growing adoption of smart grid networking solutions by enterprises.
In the global smart grid networking market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the increasing implementation of energy management systems and wireless mesh networks in order to provide real time control power and data supply across different countries in the region.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5443The global smart grid networking market is expected to grow at a CAGR of approximately 10% during the forecast period 2017-2023.Smart Grid Networking Market SegmentationThe global smart grid networking market is segmented on the basis of hardware, software and service.However, the hardware segment is classified into cables, controllers, routers, smart meter communication modules, switches and others.
Global Microgrid Market is anticipated to reach USD 17.51 billion by 2025.
Microgrids produce power, and in doing so, decrease necessity of long distance transmission lines and cut transmission damages.The factors that propel the growth of the microgrid industry include increasing demand for reliable and secure power supply worldwide, government initiatives to reduce carbon footprint, and the compensations of clean and cheap energy storage.
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The industry may be analyzed by consumption pattern as Semi-urban, Rural/Island, and Urban/Metropolitan.Microgrid industry may be categorized by verticals as Healthcare, Educational Institutes, Military, Industrial, Government & Utilities may be subdivided into Rural Electrification and Urban Electrification, and Other verticals may comprise Data Centers, Telecom Infrastructure (Cellphone Towers), and Electric Vehicles.
The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.Market Segment:Microgrid Power Source Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)Natural GasCHPSolar PVDieselFuel CellOthersMicrogrid Product Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)RemoteGrid connectedHybridMicrogrid Application Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)GovernmentEducationCommercialUtilityDefenseOthersMicrogrid Regional Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)North AmericaU.S.EuropeGermanyAsia PacificChinaIndiaCentral & South AmericaBrazilMiddle East & AfricaBrowse Full Research Report with TOC @ https://www.millioninsights.com/industry-reports/microgrid-marketTable of ContentsChapter 1.
List of Data Sources 1.4.
