According to a new market report published by Transparency Market Research “Manufacturing Execution System (MES) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” manufacturing execution system market was valued at USD 7,860.5 Million in 2014; and is expected to reach USD 19,364.7 Million in 2023, growing at a CAGR of 11.1% from 2015 to 2023.
Browse the full Manufacturing Execution System (MES) Market, By Process Industry (Oil and Gas, Chemical, Food and Beverages, Pulp and Paper, Pharmaceutical, Energy and Power, Water and Wastewater Treatment, and Others), By Discrete Industry (Automotive, Aerospace and Defense, Electronics and Electrical, Medical Device, FMCG, and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/manufacturing-execution-systems.html
Manufacturing Execution Systems (MES) are integrated software application aimed to provide manufacturing industries with the means to schedule and plan, direct and operate, and track and analyze their operations. Presently, manufacturing industries are experiencing increasing overhead and material costs.
In addition, intense economic conditions are compelling manufacturers to surge production in a cost effective way. This in turn is leading to rising need for implementation of industrial control systems aimed to optimize processes and provide better visibility of the shop floor. Need for quicker turnarounds and efficient utilization of resources or inventories is further driving the need for automation in industries.
MES solutions offers real-time information of the shop floor, allowing end user industries to quickly response to any challenge that could negatively impact efficiency, productivity and quality. In addition, MES solutions offer uninterrupted visibility into production operations, gaining an overall view of the shop floor.
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However, requirement of high initial investment upfront, end user industries are often reluctant to install MES, which in turn is posing as a major factor restraining the market growth. Moreover, rising complexities in manufacturing industries is leading to complexities in installation of MES, further limiting the growth of the MES market.
The global manufacturing execution system (MES) market is categorized based on process and discrete industry. Process industry includes oil and gas, chemical, food and beverages, pulp and paper, pharmaceutical, energy and power, water and wastewater treatment and others. Other process industry segment includes textiles, and steel and aluminum.
In 2014, oil and gas segment contributed the majority of the global MES market share by process industry in terms of revenue. Based on discrete industry, the global manufacturing execution system (MES) market is segmented into automotive, aerospace and defense, electronics and electrical, medical devices, FMCG, and others. Others segment includes semiconductors, furniture & wood products, and printing and publishing.
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Geographically, North America led the manufacturing execution system (MES) market in 2015. Growth in this region is attributed to the rising need for advanced MES in industries aimed at integrating data from ERP and routing the information to plant floor for efficient operation. Europe followed North America and held the second largest market share in terms of revenue in 2014. Asia Pacific region closely followed Europe region and is anticipated to grow at the highest rate during the forecast period.
Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of manufacturing execution system (MES) industry. Major market participants profiled in this report include ABB Ltd. (Switzerland), Schneider Electric S.E. (France), Rockwell Automation, Inc. (U.S.), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), and SAP SE (Germany) among others.
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