Cost Benefits Boost Industrial Wireless Market In Southeast Asia, Australia And New Zealand, Finds Frost & Sullivan
KUALA LUMPUR, Malaysia, Jan. 6, 2013 /PRNewswire/ -- The efficiency and reduced costs of wireless technology has given a boost to the industrial wireless market in Southeast Asia (SEA), Australia, and New Zealand (ANZ). The market will continue to grow as several multinationals investing in industries across the region look to enhance their infrastructure by leveraging wireless technology.
New analysis from Frost & Sullivan ( http://www.industrialautomation.frost.com), Southeast Asia and Australia-New Zealand Industrial Wireless Market, finds that the market earned revenues of over US$98.3 million in 2011 and estimates this to more than double to reach US$200.0 million in 2018.
Australia and Malaysia offer huge potential for industrial wireless applications. Australia, being the most developed country in the region, serves as an ideal destination for wireless vendors offering customized solutions to secure large installations. The energy sector, especially oil and gas, will be a major end user across SEA and ANZ.
"Installation of wirelessly connected assets is approximately ten times cheaper than wired ones, and this cost advantage encourages wireless migration," said Frost & Sullivan Research Analyst Krishnan Ramanathan. "Wireless communication as a networking alternative offers quick start-ups and efficient data-gathering, further enhancing value and long-term returns."In addition, wireless technologies decrease human exposure to hazardous environments since they minimize the need to record readings manually. They facilitate frequent measurement and early detection of issues, reducing accidents. They are also less prone to damage and sabotage than wired systems. However, the absence of a unified global standard restrains the adoption of wireless solutions in SEA and ANZ. Since each technology works on a different platform, compatibility issues can arise.
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