Emerson named 2014 European Frost & Sullivan Company of the Year

Source: MarketWatch.com

By Aaron Hurd

Jul 29, 2015

After careful analysis of the industrial services for the process automation market, Frost & Sullivan awards Emerson Process Management with the 2014 European Frost & Sullivan Company of the Year award. 

Emerson attributes much of its success to the wide array of products and services offered consisting of project, consulting, modernization and migration, lifecycle and data management services.

"Distinctively, Emerson adopts the main automation contractor/ main instrument vendor approach to provide project services that include design, engineering and project management for various product lines," said Frost & Sullivan Industry Analyst Karthik Sundaram. "As a consequence of the company's holistic service approach, end users can minimise project risks, reduce capital costs, and shorten lead times." 

Having such an extensive portfolio has put Emerson at a strategic advantage, as they are well-positioned to meet the emerging requirement for vendors in this space to move from a plant-based approach to an ecosystem-based one so that services go beyond the process automation value chain to include the extended supply chain.

"Emerson's strong process-service capabilities have been acknowledged by a broad clientele and enabled it to amass considerable brand equity in Europe," noted Karthik Sundaram "However, if not for its high-powered team of consultants with hands-on industrial experience in the process domain, it is doubtful whether Emerson would have tasted as much success as it has in the process automation market."

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in terms of growth strategy and implementation. The award recognises a high degree of innovation with products and technologies and the resulting leadership in terms of customer value and market penetration. The nomination and selection process is done through  in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.