Growing need to ensure workplace safety and productivity is compelling industrial manufacturers to use HMI solutions. In addition, need for flexible access to information in real time and remote diagnosis of processes and machineries to drive market demand for HMI panel systems globally. Revival of the industrial manufacturing sector post bleak economic conditions prevalent during economic recession. The rising trend towards precise engineering and complete automation in manufacturing units has been a massive boost to the market growth.
The overall HMI market is highly driven by the rising expenditure and adoption of industrial automation solutions across different verticals. With the rising competition across the industrial manufacturing sector, it has become essential for the manufacturers to reduce overheads and raise efficiency. Industrial factory and control automation devices are used for reducing the human intervention in the manufacturing processes. This minimizes the labor and production costs, which, in turn helps in increasing the output of production. Human machine interface (HMI) is the most important part of industrial automation to improve industrial controls.
Over the past few years, significant level of automation has been observed across manufacturing and process industries including automotive, petrochemicals, pharmaceuticals, mining, packaging, energy, oil &gas and several others. Due to increasing market competition, manufacturers are now more inclined towards technologies capable of increasing the overall productivity and reducing operational costs. As human machine interface (HMI) provides realistic views of the plant, industries across the world are rapidly replacing their tradition control process with this more realistic and advanced interface solutions. The HMI display panels market is predicted to reach US$ 3.5 Bn by 2025, with growing industrial automation and competition among manufacturing industries across the world.
This study on “HMI Display Panels Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2025” highlights key growth opportunities in the global HMI industry market.
The research study on “HMI display panels Market” includes following qualitative as well as quantitative information related to market.
Qualitative information covered in the research study HMI display panels market:
Quantitative Analysis:
Market Estimates of the HMI display panels market for the period 2015 – 2025 which include historical market size for 2015 and 2016, market forecast for the period 2017 – 2025.
The study also provides market estimates and forecast for following types of HMI panels:
The global HMI display panels market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). These regional markets are further classified into following major countries and regions:
U.S.
Canada
In 2015, North America accounted for the largest revenue as well as volume shares in followed by Europe and Asia Pacific. However, Asia Pacific expected to witness the fastest growth through the forecast period 2017 - 2025 to become the largest regional market. Major countries in Asia Pacific include China, Japan, Australia, India, Indonesia, Singapore and Malaysia among others. Asia-Pacific represents the fastest growing regional market for HMI technologies and is expected to become largest regional market at the end of the forecast period. Growing industrialization is the primary factor responsible for the industrial automation. Manufacturers from developed regions are expanding their presence in this region due to gain advantage of low manufacturing and labor costs. Majority of growth in this market is expected from growing automotive industry particularly in India and China.