ABB tops automation market

Their report Automation Systems for the Process Industries includes DCS, PLC, SCADA systems, safety systems, AC drives, general motion controls, software and machine safeguarding sold to the process industries. The study forecasts that the total worldwide market for automation systems in the process industries, which was U$30 billion in 2006, will grow by a compounded annual growth rate (CAGR) of 9.6% by 2011.

“As the market share leader, ABB is very strong and has a lot to offer. Its ongoing success will come from continuing to provide its customers with sustained and measurable benefits from automation for a path to continuous improvement for business performance and profitability,” said Larry O’Brien, Research Director for Process Industries, ARC. “ABB’s continued focus on delivering automation solutions that provide reduced cost of ownership, increased productivity and reduced risk is a good fit with today’s increasing focus on business value.”

In addition to being the leading global supplier, ABB also was the top supplier in key global verticals, such as Oil & Gas, Pulp & Paper, and also in the EMEA (Europe/Middle East/Africa) region. ABB was also the top supplier to the Cement, Pharmaceutical and Pulp & Paper industries in the Asia market, with sizeable market shares in all other process industries.

“ABB’s vast process automation technology portfolio and industry expertise, combined with our global service, project delivery and engineering resources, provide our customers with the solutions they need to compete successfully in today’s global marketplace,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division. “We are committed to helping our customers achieve their critical business objectives with the comprehensive, innovative solutions and industry know-how that significantly improve their overall productivity, energy efficiency and performance.”