The AS-Interface
Market is expected to reach USD 1,158.5 Million by 2023, at a CAGR of 4.3%
between 2017 and 2023. The growth of this market is propelled by the rise of
adoption of process automation in process industry; support from the government
for the adoption of industrial automation in various industries; and simple,
easy, and fast installation of AS-Interface system with minimum cables.
The research methodology used
to estimate and forecast the AS-Interface market begins with capturing data on
the revenue of the key vendors through secondary research via sources such as
AS-International Association and Automation World. The vendor offerings are
also taken into consideration to determine the market segmentation. The
bottom-up procedure has been employed to arrive at the overall size of the
AS-Interface market from the revenue of key players. After arriving at the
overall market size, the total market has been split into several segments and
subsegments that have been verified through primary research by conducting
extensive interviews with key experts such as CEOs, VPs, directors, and
executives.
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The AS-Interface ecosystem
comprises component and development, integration, distribution, end user, and
post-sales services. The major players involved in the development of
AS-Interface include Bihl+Wiedemann GmbH (Germany), ifm electronic gmbh
(Germany), Siemens AG (Germany), Valmet Corporation (Finland), Pepperl+Fuchs
GmbH (Germany); and associations such as AS-International Association and Automation
World. The regulations and standards regulated by different governmental
organizations such as IEC and ISO need to be followed while installation of
AS-Interface.
Automation consultants Automation instrument distributors and developers Automation solution developers Industrial automation solution companies Process and discrete industries Research organizations and consulting companies Sensors and meter manufacturing companies Technology investors Technology standard organizations, forums, alliances, and associations
Key
restraining factors of AS-Interface market is the declining prices in oil &
gas that affect the infrastructure-related investments. Key market players such
as Bihl+Wiedemann GmbH (Germany), Pepperl+Fuchs GmbH (Germany), Siemens AG
(Germany) are focusing on the strategies such as product launches,
acquisitions, and collaborations to enhance their geographical presence and
expand their business.
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