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(I-SoftwareNews.Com, August 03, 2018 ) Market Overview:-
Human Machine Interface (HMI) Market size is driven by rising need for efficiently monitoring the plants in various industries such as oil and gas, and mining. Factors such as increasing adoption of industrial automation equipment in the production sector along with growing demand for smart technological solution will spur the HMI industry growth. Moreover, increasing demand for integration of logical software with technical devices is anticipated to improvise quality and productivity, thereby prompting the demand.
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Increasing demand for ease in machine communications along with growing demand for high processing power and huge storage space to encourage the human machine interface market adoption. Further, technological advancements in the development of innovative display panels further contributes to the growth. For instance, Oil and Natural Gas Corporation (ONGC) installed ABB’s enterprise wide supervisory control and data acquisition (SCADA) for efficient real-time monitoring of all its production and drilling facilities spread across India and in Arabian Sea.
Top Key Players:-
Companies in the HMI market include Siemens AG, ABB Ltd, Eaton Corp, Schneider Electric, Honeywell Inc., General Electric, Emerson Electric, Advantech Co, Beijer Electronics, Yokogawa Electric, etc. Mergers and acquisitions is the focus of many key players as a part of business strategy. For instance, in 2016, Rockwell Automation acquired Magnemotion, in order to make expansion in the motion control business.
Market share calculation in this report is not done based on companies covered in it. The calculation of HMI market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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Regional Segmentations: -
The presence of large number of solution providers and increasing high-end production activities is driving the U.S. human machine interface market. In addition to the increasing demand for integrated HMI solutions is anticipated to catapult the HMI market growth in the region. Moreover, early technology adoption in north America contributes further to the industry progress. The rapid industrialization will drive the India and China HMI market. In addition to easy availability of raw materials, inexpensive labor force along with the rising number of automation projects is expected to spur the demand.
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Growing demand of HMI terminals in the manufacturing sector for improvisation of the plant management by automatization along with building better user-machine communication services will offer significant growth opportunities. Further, clubbing of Wi-Fi & Bluetooth technology with these devices has helped in improving the mobility, contributing to human machine interface market size.
Hardware can be classified into basic, advanced PC-based and advanced panel-based. Basic HMI provides high-power visualization and glaring display quality along with touch-key functionality for operations. It provides features such as backup of data via USB stick for fast device exchange. Additionally, in order to build smooth communication with web servers and drives, basic HMIs integrates the device with a web browser.
Advanced PC-based hardware is recommended for industries where production places large demands on quantity and nature of data that needs to be processed. It provides suitable choices for adequate storage space, data connectivity and processing capability. Advanced panel-based hardware is classified into comfort panels and mobile panels. Comfort panels provide machine-level high-performance visualization.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: EmailWire.Com 
Source: EmailWire.com
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