ARC study indicates Foundation Fieldbus maintains market leadership
April 2012
News
ARC Advisory Group has released a new study entitled ‘Fieldbus solutions in the process industries: Worldwide outlook,’ which indicates Foundation Fieldbus continues to lead the market in digital fieldbus communications for the process industries.
According to the new ARC report, Foundation Fieldbus accounted for nearly three-quarters of the total digital process fieldbus marketplace in 2011. ARC also predicts ongoing expansion of the market for process fieldbus products and solutions, with continued double-digit growth over the next five years.
The Fieldbus Foundation’s global marketing manager, Larry O’Brien, commented, “Thanks to the efforts of our supplier partners and the stringent testing and registration process at the Fieldbus Foundation, there is a wide range of products, systems, and components to choose from. With Foundation Fieldbus expanding into more and more application segments such as Foundation for Remote Operations Management and Foundation for Safety Instrumented Functions, we are easily looking at a market opportunity in the billions of dollars on an annual basis for the foreseeable future.”
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