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Comprehensive Report on Industrial Wireless Sensor Networks Market

A new report titled ‘Industrial Wireless Sensor Networks (IWSN) Market - Global Forecast & Analysis (2012 - 2017): By Technology, Components, Applications, Geography’ from MarketsandMarkets has predicted that the IWSN market will grow at 15.58% CAGR between 2012 and 2017.

The IWSN market for manufacturing and process control automation, which was valued at $1.610 billion in 2011, is anticipated to reach $3.795 billion by 2017. The key technologies utilized in the market include Proprietary, 6loWPAN, ISA100.11a, WirelessHART, and other technologies like CDMA, GSM, GPRS, Bluetooth, ZigBee and IEEE 802.11. The broadly adopted technology in the industrial sector is the WirelessHART standard, which has been utilized in around 70% of process control automation deployed worldwide.

In recent times, paradigm shift is witnessed from conventional wired technologies to emerging wireless technologies thanks to the rising demand for wireless sensor networks. The IWSN market has achieved rapid growth in Americas, especially in the United States when compared to other regions such as Europe, Asia Pacific and Rest of the World, thanks to the heavy funding offered in the US.

The report predicts that the Asia Pacific region will have the highest growth rate in view of lucrative government policies, huge population base, and increased production activities in APAC. Although plant automation is at its lower levels in China, the country is expected to serve as the growth engine for automation in the Asia Pacific region.

The major players operating in the market include Mitsubishi, Invensys, Yamatake, Yokogawa, Siemens, Endress+Hauser, ABB, Honeywell, GE Energy, Emerson and much more.

Source: http://www.marketsandmarkets.com

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