End Users' Asset Management Focus Drives Growth
The continued emphasis on Plant Asset Management (PAM) and Fieldbus technology is a growth enabler for smart temperature transmitters. Manufacturers have begun to realize the cost saving benefits of implementing HART and digital protocol standards to enable PAM solutions, particularly in the maintenance and operation phase of the asset’s lifecycle. Growth and spending for plant asset management systems continue to outpace that of the automation industry in general as end users seek to reduce maintenance cost and increase production availability using tools, such as predictive diagnostics and software-based configuration solutions.
Among many other benefits, smart temperature transmitters offer diagnostic capabilities that help end users strengthen their PAM initiative, and save precious time and money. This asset management focus of users is fueling demand for smart transmitters. The wealth of information provided by temperature measurement technology cannot only reveal the health of a company’s plant assets for PAM purposes, but can also help users diagnose their processes.
This study intends to assist suppliers and purchasers in staying abreast of technology advancements, and explores indepth the key issues that will influence this business in the near future. These issues include:
• Short and long-term prospects for the temperature transmitter business
• Growth potential in various regions and industries
• Influence of digital communication protocols on business
• Key elements for success in the temperature transmitter business