Frost & Sullivan: Undeveloped Industrial Base in Emerging ASEAN Countries Signifies Vast Potential for Automation Markets

Frost & Sullivan: Undeveloped Industrial Base in Emerging ASEAN Countries Signifies Vast Potential for Automation Markets PR Newswire SINGAPORE, Nov. 6, 2012 -Governments' support expected to attract foreign investment in Laos, Cambodia and Myanmar, driving automation SINGAPORE, Nov. 6, 2012 /PRNewswire/ -- The emerging markets of Laos, Cambodia, and Myanmar are still primarily agriculture-based economies with a negligible percentage of the workforce engaged in industrial activity. The low involvement could be due to the lack of skilled personnel, but it also translates to substantial potential for industrial advancement, if the countries' resources are utilized optimally. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Automation and Control Markets in Emerging ASEAN Countries (Laos, Cambodia, and Myanmar), finds that the total revenue in the automation and control market in Laos, Cambodia and Myanmar was $155.0 million in 2011 and estimates this to reach $349.8 million by 2018. "Currently, oil and gas, power, and metals and mining are the major industrial end users of automation," said Frost & Sullivan Research Analyst Krishnan Ramanathan. "The dependence on conventional systems is likely to reduce as there is demand for cleaner technologies, especially from the power industry." The emphasis on green technologies is significant because Laos has suffered from deforestation, yet the country lacks crucial infrastructure.