Batch Control Market to Reach $4.9 Billion in Five Years

The worldwide market for batch process control is expected to grow at a CAGR of 8.6% over the next five years. The market was $3.2 billion in 2006 and is forecasted to be over $4.9 billion in 2011, according to a new ARC Advisory Group study.

“Although the average selling price of hardware will fall over the next five years, it will be more than compensated for by the increase in revenues due to software and services. This indicates that the rate of decline of the hardware price will have lesser significance on the sales price of batch control systems in the future,” says Asish Ghosh, ARC Vice President and principal author of ARC’s “Batch Control System Worldwide Outlook”.

The batch control market is experiencing strong accretion primarily due to the growth in food, beverage, and pharmaceutical industries, economic growth in Asia and Latin America, and improved economies in North America and Europe. Other reasons for the growth include growing awareness of automation because of batch control standards, demand for flexible production with frequent product changes, an increased need for comprehensive electronic batch reporting and tracking, and demand for replacing legacy systems with more reliable systems.