The research report “Human Machine Interface (HMI) Market, Industry Analysis Report, Regional
Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea,
Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development
Potential, Price Trends, Competitive Market Share, 2016 - 2024”,
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.
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.
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Features such as alarm warnings, safe messaging along
with improved internal communications is expected to provide advantage to a
facility in terms of operations, security and production. Further, HMI is
anticipated to reduce the operation costs by substituting various push buttons,
indictor lights, selectors along with lowering the requirement of additional
display panels and cables.
In addition to these features, high resolution of HMI
system provides a clear-sighted view of the manufacturing operations, enabling
the operator to control the facility centrally. Moreover, with the
implementation of the system, facility managers have the ease of testing
devices using flexible HMI without a single equipment, thus lowering the
startup time and improving overall productivity.
Factors such as lack of standardization, high cost
associated with the installation along with the safety and security issues is
anticipated to curb the human machine interface market growth. Further, lack of
skilled professionals and awareness among management level individuals may
present a challenge to the industry participants.
Increasing demand for high resolution displays for
analyzing the industrial process efficiently along with the technological
advancements in the computing processors is expected to offer growth
opportunities. Further, fast industrialization in the emerging economies such
as China & India to spur the HMI market growth.
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.
Software is classified into cloud-based and
on-premise. Cloud-based HMI market offers better ease of access, functionality
and security in a significantly lower price. Data stored in the cloud can be
accessed by any internet connected devices such as PCs, tablets, smartphones
with proper login credentials. On-premise HMIs are preferred by some
organizations having fear of losing control of data in cloud storage.
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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.
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.
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