Manufacturing Execution Systems and software (MES) help manufacturers effectively plan, manage, execute, monitor, and optimize production processes and activities across discrete and process industries in real-time. MES solutions enhance operational efficiency by integrating plant systems and collecting production data to track performance in areas such as quality, maintenance, consumables, and energy consumption. They are used across industries such as oil & gas, chemicals, food and beverages, automotive, pharmaceuticals, power and utilities to enhance productivity, reduce costs, and ensure compliance. MES solutions offer capabilities such as production and material scheduling, process monitoring and quality inspection, maintenance planning, traceability, KPI tracking, and energy/asset monitoring.

The global Manufacturing Execution Systems And Software (MES) Market is estimated to be valued at Us$ 14.17 Bn in 2023 and is expected to exhibit a CAGR Of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The adoption of MES solutions in process industries is one of the major drivers fueling the market growth. Process industries such as oil & gas, chemicals, mining, and power generation are investing in MES to improve productivity as they involve complex processes requiring real-time monitoring and control. MES improves visibility across processes enabling industries to reduce cycle times, optimize downtime, and prevent quality issues. Additionally, the rise of Industry 4.0 and need for digital transformation across manufacturing is also driving the demand for MES which collects real-time data for predictive maintenance, remote monitoring, and decision-making using analytics. MES providers are integrating advanced technologies such as IoT, AI, and cloud to offer innovative solutions catering to evolving industry needs and advancing connectivity of devices and systems on the plant floor. These technological advancements are further propelling market revenue over the forecast period.

Segment Analysis

The manufacturing execution systems and software (MES) market can be segmented based on components, organisation size, verticals and regions. Based on component, the market is bifurcated into software and services. The services segment dominates the market as these help organizations in integration, support, and maintenance of MES software. Based on organization size, the MES market is classified into small & medium enterprises and large enterprises. Large enterprises dominates as they have complex production processes that require sophisticated MES solutions for efficiency. Based on verticals, the market is divided into oil & gas, chemical, food & beverages, pharmaceuticals, power, automotive and others. Pharmaceutical industry dominates as strict compliance with regulations make MES crucial for production management and quality control.

PEST Analysis

Political: Governments across regions are supporting industrial digitization through incentives and initiatives. This is driving MES adoption. Economic: Economic growth and increasing global manufacturing activities are fuelling MES demand. Social: Focus on quality, efficiency and compliance is increasing MES importance. Technological: IIoT, cloud, analytics, AR/VR are integrating with MES to enhance productivity and visibility across production processes.

Key Takeaways

The Global Manufacturing Execution Systems And Software (MES) Market Demand is expected to witness high growth over the forecast period of 2023 to 2030.

Regionally, North America accounts for the largest share currently due to strong manufacturing industry and early technology adoption. However, Asia Pacific is expected to witness fastest growth driven by increasing manufacturing and focus on automation by countries like China and India.

Key players operating in the MES market include General Electric Company, Mitsubishi Heavy Industries Ltd, RWG (Repair & Overhauls) Limited, Metalock Engineering Group, Goltens Worldwide Management Corporation, Siemens Energy AG, Sulzer Ltd, Doosan Heavy Industries and Construction, Solar Turbines Incorporated, and Ethos Energy LLC. Key players are focusing on developing industry specific and cloud based solutions to gain share. They are also investing in enhancing technology through partnerships.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it