The Philippines a Fertile Market for Both Factory and Process Automation, Finds Frost & Sullivan (PR Newswire) | Lao Tribune

The Philippines a Fertile Market for Both Factory and Process Automation, Finds Frost & Sullivan (PR Newswire)

Despite the high margins from process automation applications, the market is oriented toward factory automation applications

KUALA LUMPUR, Malaysia, June 24, 2015 /PRNewswire/ — The Philippines has a substantial base for factory automation products and services in the food and beverage, electronics, and semiconductors sectors; while for process automation products, the cement, power, and the mining sectors are proving to be particularly lucrative. Among factory automation solutions, uptake of programmable logic controllers (PLCs) will be the strongest, although distributed control systems (DCSs) are finding increasing application in upcoming projects in the oil and gas industry.

New analysis from Frost & Sullivan, Automation and Control Market in the Philippines ( http://www.frost.com/p854), reveals that the market earned revenues of US$18.2 million in 2014 and estimates this to reach US$25.2 million in 2019. In addition to PLCs and DCS, the study covers safety, supervisory control and data acquisition (SCADA), and human machine interface (HMI) systems for various end-user industries.

“With a growing economy and adequate reserves of minerals, the Philippines is an attractive destination for local and foreign investors,” said Frost & Sullivan Industrial Automation & Process Control Senior Research Analyst Krishnan Ramanathan. “The mining industry will offer considerable opportunities to the automation market once the Government establishes clear and stable policies to promote it.”

Meanwhile, the Philippines’ concerted efforts toward infrastructure development through reconstruction are augmenting the demand for cement and in turn, automation solutions. Similarly, the restructuring of the National Power Corporation (NPC) – by privatizing its generation assets – has opened up the power generation market to automation vendors.

“Technology adoption will gradually improve over the next five years,” noted Ramanathan. “This will have a positive impact on the automation industry, as vendors will look to upgrade their existing automation setup.”

The participants that have found the most success tend to have a local footprint, broad portfolio, and servicing capabilities. Overall, automation vendors offering comprehensive services are best positioned to make the most of the market opportunities.

If you are interested in more information on this study, please send an e-mail to Carrie Low, Corporate Communications, at carrie.low@frost.com.

Automation and Control Market in the Philippines is part of the Industrial Automation & Process Control ( http://www.industrialautomation.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Automation & Control Market in Malaysia, The Indonesian Automation and Control Market, Analysis of Southeast Asia and Australia New Zealand Automation and Controls Market for Power Generation, Automation and Control Market in Thailand, Analysis of the Southeast Asian Industrial Valves and Actuators Market, Automation & Control Market in Laos, Cambodia and Myanmar, and Southeast Asia Pump Services Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

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Automation and Control Market in the Philippines
P854-10

Contact:
Carrie Low
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com

Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com

Melissa Tan
Corporate Communications – Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com

http://www.frost.com

SOURCE Frost & Sullivan