The global MES applications for the process manufacturing market reached a value of US$ 11.92 Bn in 2022. Looking forward, FMI expects the market to reach US$ 28.23 Bn by 2032, growing at a CAGR of 9% during 2022-2032.
| Attributes | Details |
|---|---|
| MES Applications for Process Manufacturing Market CAGR | 9% |
| MES Applications for Process Manufacturing Market (2022) | US$ 11.92 Billion |
| MES Applications for Process Manufacturing Market (2032) | US$ 28.23 Billion |
Manufacturing companies are constantly driven to optimize production costs and improve productivity as a result of global competition and changing business scenarios. Consequently, in order to streamline their manufacturing processes and enhance productivity, manufacturers are adopting advanced technology, such as manufacturing execution systems (MES). Global manufacturing activities for mass production, coupled with quality improvement, are driving the need for advanced tools and software.
Automatically collecting data from production equipment, the MES helps in scheduling, tracking, and modifying production activities, as well as monitoring and controlling equipment performance according to delivery requirements. Moreover, recent trends, such as the rise of the fourth industrial revolution (Industry 4.0) and the convergence of information technology (IT) and operations technology (OT), are expected to drive demand for MES applications for process manufacturing.
There are several factors that are expected to restrain the growth of the MES applications for the process manufacturing market, including the high investment and cost involved in the implementation and upgrading of MES. In addition, the complexity involved in the implementation of MES is likely to hamper the market's growth.
Several large businesses and SMEs are implementing manufacturing execution systems as a way of enhancing the quality of their manufacturing processes. In addition to improving production efficiency, these systems reduce costs, enhance quality, and enable product tracking and data collection in real-time.
As a result, these applications are expected to increase profits through their adoption and growing scope of MES in raising energy efficiency and sustainable production. A manufacturing execution system can also reduce energy consumption and waste during process manufacturing.
The North American region is the primary driving region for the global market owing to increasing industrial production and high adoption rates in the US and Canada regions. As reported by the Federal Reserve, total industrial output rose by 4% in December 2018 compared to December 2017, while manufacturing output increased by 1.1%. Asia Pacific is expected to experience significant growth due to increasing demand for process optimization by manufacturers in emerging economies such as India and China.
Manufacturing Execution Systems (MES) are on-line, computerized systems used in manufacturing. MES is basically applied to track the entire procedure of conversion of raw materials to finished goods. MES aids in analysis of the manufacturing.
It helps in implementing solutions to optimize workflow. MES works in real-time to control multiple components in a production process such as inputs, resources, services and so on. MES is designed to create data by utilizing the input data, process protocols, outcomes required to provide the manufacturer with a comprehensive documentation of processes at the manufacturing facility.
MES is an alternative to create the most appropriate manufacturing processes and a real-time feedback in terms of changes in existing work structures. MES reduces wastage of raw materials, gives a closer picture of the cost-structure allocation, reduces inventory, etc.
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MES ensures manufacturing consistency through the production workflow with a focus on floor capabilities. This helps in maximizing the production flexibility and have a larger picture of the process workflow with smaller nuances.
MES applications for process manufacturing improves process execution with clear, detailed definitions of the process. It helps in increasing plant efficiency, integrated planning and inventory management. Another most crucial feature of MES applications for process manufacturing is cost optimization by determining actual, detailed product costs.
This increases profitability of organizations by capturing precise product costs and monitoring true product costs at every level. Manufacturer gets a better idea of how to optimize margins with multiple cost structure models considering the historical costs, inventory valuation, applied resource costs, and batch costs.
MES is the most evolving tool for analysing production batches. MES technology can be applicable to a workflow which has a defined initiation time and end time, further opening up novel opportunities for the expansion of the global MES applications for process manufacturing market.
The most important phase for a manufacturer is the product commercialization wherein management of the product from product conception to commercialization determines success rate. MES applications for process manufacturing also offers enterprise quality management feature.
It aids in achieving the target standards set for a product, product consistency with quality controlled batch processing holds and inspections. MES assists in improving laboratory productivity and augments customer compliance.
Principal Consultant
Geographically, global MES applications for process manufacturing market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, Middle East and Africa (MEA).U.S. represents the largest region in terms of adoption of MES applications for process manufacturing.
With major industries in U.S. and Europe adopting MES applications for process manufacturing, the regions are projected to hold more than half the share collectively in the global market by 2026 end.
The key players in global MES applications for process manufacturingmarket are Oracle, Aptean, GENERAL ELECTRIC, Dassault Systèmes, SAP SE, Aspen Technology, Inc., Siemens AG, Rockwell Automation, Inc., Emerson Electric Co. to name a few.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, accessories and applications.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global MES applications for process manufacturing market is classified on the basis of end use type and region.
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MES Applications For Process Manufacturing Market
