New York, NY, December 20, 2017 (Newswire.com) - The global market for manufacturing execution system (MES) has a handful of big players towering over the competitive landscape. This makes it consolidated in nature. The prominent names in the market dominate on account of the quality and durability of their products, which is achieved through technological innovations. Such players are expending money on research and development to come up with more cutting-edge products which are highly automated. The players are also focused on inorganic growth through mergers and acquisitions.
Some of the prominent names in the global manufacturing execution system (MES) market are Schneider Electric S.E., ABB Ltd., Emersion Electric Co., Rockwell Automation, Inc., SAP SE, and General Electric Co.
Based on the process industry, the global market for manufacturing execution system (MES) can be divided into oil and gas, chemical, food and beverages, pulp and paper, pharmaceutical, energy, power, water and wastewater treatment, and others, namely textiles, steel, and aluminum. Of them, the segment of oil and gas contributes significantly to revenue.
Geography-wise, main segments of the global manufacturing execution system (MES) market are Europe, North America, Asia Pacific, and the Rest of the World. Among them, North America, currently accounts for maximum share in the market because of increasing thrust of industries in the region to integrate data from ERP and transferring the information to plant floor for effective operation.
Need to Improve Manufacturing Processes Ups Demand
With manufacturing processes increasingly manifold worldwide in response to the demand for various kinds of products, it has become pertinent to up improve production methods. By helping to produce better products in much less time, it serves to bring down costs and improve profit margins. This has resulted in increased demand for manufacturing execution system (MES). Explains the lead analyst of the TMR report, “With MES, one’s system is able to generate realistic production schedules. MES serves to achieve this by monitoring raw materials and parts inventory. This prevents time from being wasted on re-configuring schedules while parts are in transit. Since MES examines production lines and finished products, it uncovers inconsistencies and aberrations and stops them immediately. This brings down wastage of materials.”
Regulatory Requirements in Pharmaceutical Industry Stokes Growth
Yet another factor, stoking demand for manufacturing execution system (MES) market are strict regulatory requirements in pharmaceutical and food and beverages industry. Apart from that, the switch to paperless operations from the traditional paper-based recordkeeping systems in the domain of manufacturing in developing economies of India, China, and Brazil has also led to the uptake of software based solutions such as MES. Manufacturing execution system (MES) are useful in integrating information systems on the floor of the shop with business systems in the corporate offices. Additionally, MES is also capable of collating information from different plant or factory locations to facilitate timely, sagacious decisions.
One factor hindering the global market for manufacturing execution system (MES), on the other hand, is the high cost of installing them. “Coughing up millions for an MES does not necessarily mean you will get more benefit out of it. In fact, most of the times factors leading a company to price their software have nothing to do with their ability to help potential customers,” adds the lead analyst.
This review is based on the findings of a TMR report, titled, “Manufacturing Execution System (MES) Market (Process Industry - Oil and Gas, Chemical, Food and Beverages, Pulp and Paper, Pharmaceutical, Energy and Power, and Water and Wastewater Treatment; Discrete Industry - Automotive, Aerospace and Defense, Electronics and Electrical, Medical Device, and FMCG) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.
The Global Manufacturing Execution System (MES) Market is segmented as below:
Global Manufacturing Execution System (MES) Market: By Process Industry
- Oil and Gas
- Food and Beverages
- Pulp and Paper
- Energy and Power
- Water and Wastewater Treatment
Global Manufacturing Execution System (MES) Market: By Discrete Industries
- Aerospace and Defense
- Electronics and Electrical
- Medical Devices
Global Manufacturing Execution System (MES) Market: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Latin America
- Middle East
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Source: Transparency Market Research