According to the study, the fieldbus market in Europe is expected to earn revenues of $760.27 million by 2015, up from $448.00 million in 2008. The need for real-time data and increased plant availability offered by fieldbus devices are expected to drive the future market. These technologies include highway-addressable remote transducer (HART) fieldbus, Fieldbus Foundation H1, Profibus, Modbus, and others.
Reductions in heavy cabling results in substantial savings in capital expenditure and reduces the total man hours spent on maintenance. In addition, plant availability is increased by boosting add-on devices through lowered commissioning efforts. Thus, fieldbus devices provide the advantage of online information tracking, which helps in improving overall plant efficiency, according to the study.