Frost & Sullivan: Australia's Busy Mining Activity Stokes the Automation Services Market

Frost & Sullivan: Australia's Busy MiningFrost & Sullivan: Australia's Busy Mining Activity Stokes the Automation Services Market PR Newswire SYDNEY, April 2, 2014 - End users need to engage with multiple vendors as single vendors are unable to meet the complete range of requirements Australia's dynamic and flourishing mining industry has created a lucrative market for automation solutions, especially maintenance and repair services. The mining process and the transportation of resources (coal) from the bottom of the mine to power stations is mostly automated and features a range of sophisticated mining and material-handling technologies. These complex applications require regular monitoring and maintenance, translating to higher revenue opportunities for automation vendors. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), ANZ Automation Services Market, finds that the market earned revenues of $181.9 million in 2013 and estimates this to reach $279.2 million in 2018, with most of the growth expected from the power and mining industries. The flip side of the greater automation in mining is the increased frequency of attacks by hackers; the majority of users do not have adequate security measures to thwart such attacks. As a result, newer automation systems will have to comply with additional safety protocols to gain acceptance.