The manufacturing execution system (MES) market is gaining momentum due to increasing demand for automation in the oil and gas industry for improving production efficiency. MES in the oil and gas sector supports long-term planning and short-term operations scheduling. The global manufacturing executive system market was valued at $9.85 billion in 2018. Moreover, the demand for MES is projected to grow at a CAGR of 13.5% during the forecast period 2019-2025.
IndustryARC’s report titled, “Manufacturing Execution System (MES) Market: By Offering (Software and Services); By Deployment Type (On-Premise, On-Demand, Hybrid); By Industry (Discrete, & Process); & By Geography - Forecast (2019-2025)”, provides detailed industry market entry scenarios, which includes a business regulatory overview, new business and ease of doing business index, customer analysis of top 10 companies, and case studies of successful ventures.
Automation has redefined its importance in the oil and gas industry. According to the World Economic Forum, the total estimated value after adopting automation and digitization in the oil & gas industry is expected to reach $2.5 trillion by the end of 2025. Moreover, certain developments in MES such as social media, cloud, and big data and analytics are flourishing in the oil and gas industry, concurrently increasing the MES market growth.
Manufacturing Executive Systems Market: Leading Segments
North America dominated the global MES market with a share of 36.21% in 2018.Increasing manufacturing activities in Mexico are projected to lead to increased demand for MES solutions in the country. Furthermore, the water and waste treatment, power industries, and food and beverages industries are adopting cost-efficient MES technology. High adoption of MES has increased real-time data tracking, controls overproduction activity, and has improved visibility.With increased foreign direct investments in North America, the manufacturing execution system market is expected to witness substantial growth.
The key segment for the manufacturing execution system market is the pharmaceuticals and life science vertical, expected to grow at a CAGR of 12.63% through to 2025. MES plays a vital role in achieving sustainable competitive advantages in the life science and pharmaceuticals industry. MES provides greater plant efficiency and productivity, and higher agility and flexibility during the production process.
Manufacturing Execution System Market: Disruptive Trends and Growth Drivers
- Growing Industrial Sector
The MES market is being driven by an increase in the industrial sector. Globally, establishment of new manufacturing plants and expansion of existing buildings are expected to propel the MES market. With increasing technological advancements such as AI, IoT sensors, and machine learning, the MES market will progressively grow in the near future.
- Emerging Trends in FMCG Industry
MES plays an important role in the FMCG industry. Adoption of MES has increased resource management, real-time data acquisition, production flow control, production scheduling, production tracking and analysis, and quality analysis management. Moreover, the MES application has made operations flexible and can be customized easily. Thus, the MES market is expected to surge in the coming years.
Manufacturing Execution System Market: Competitive Landscape
The major companies in the manufacturing execution system market are ABB Ltd. (Switzerland), Andea Solutions (Poland), Dassault Systemes SA (France), Emerson Electric Co. (U.S.), General Electric Company (U.S.), Honeywell International Inc. (U.S.), Rockwell Automation, Inc. (U.S.), SAP AG (Germany), Schneider Electric SE (France), Siemens AG (Germany), and Werum IT Solutions GmbH (Germany).
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.