This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Increasing Demand For Power In Emerging Economies In SEA Boosts Prospects Of Automation Vendors, Finds Frost & Sullivan

SINGAPORE, April 3, 2013 /PRNewswire/ -- The rapid growth of developing economies such as Indonesia, Thailand, Vietnam and the Philippines in Southeast Asia (SEA) is escalating the demand for power in the region. To cater to this demand, the countries are initiating a number of new power projects, providing significant opportunities for the automation and software solution providers.

New analysis from Frost & Sullivan (, Automation & Software Solutions for Power Industry, finds that market earned revenues of $202.5 million in 2011 and expects this to reach $328.9 in 2018. It covers the product segments of programmable logic controllers (PLC), distributed control systems (DCS), supervisory control and data acquisition (SCADA), human machine interface (HMI), and manufacturing execution systems (MES). DCS is the automation solution of choice in the power industry and is expected to consolidate its position during the forecast period.

"The power industries in countries such as Australia and New Zealand are increasingly integrating operations and this requires a high level of automation," said Frost & Sullivan Industrial Automation & Process Control Research Analyst Vineeth Purushotham. "Further, the scarcity of skilled personnel in the region has compelled plant owners to turn to automation and software solutions."

Plant owners are also concerned about the loss of power after electricity generation. There is a significant gap in the amount of electricity produced and the amount available for use. Automation can help them reduce this gap and save electricity costs.

The primary aim of automation and software solution vendors is to optimize the efficiency of power plants. However, power industry participants are apprehensive about investing heavily in automation because of their lack of awareness of new technologies and the high initial investments. This can peg the market back considerably, as automation solution providers depend heavily on revenues from retro-fitments.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs