Industry Controls and Factory Automation Market Overview:-
The global industrial control and factory automation market is primarily driven by the increased focus on enhancing process efficiencies and reducing the cost of production across various industry verticals. Coupled with this, the increasing initiatives of the governments of various countries toward the adoption of automation systems have propelled the growth of the global market. Continuous advancement in industrial Internet technologies has spurred the demand for industrial control and factory automation systems. The need for smart manufacturing processes and connected supply chains has led to the persistent demand for automation systems for businesses.
As per the study conducted by Market Research Future, the global Industry Controls and Factory Automation Systems Market is likely to grow at the CAGR of around 4.6%.
In November, 2017 – ABB and Hewlett Packard Enterprise (HPE) announced a strategic global partnership that combines ABB’s industry-leading digital offerings, ABB Ability, with HPE’s innovative hybrid information technology (IT) solutions. The partnership will provide customers with solutions that generate actionable insights from vast amounts of industrial data to increase the efficiency and flexibility of their operations and create competitive advantage.
In September, 2017 – Emerson Launches Industry-first Controller Designed for Automation Versatility and IIoT-enabled Operations. The next-gen controller provides scalable automation control to all process industries, particularly parts of the life sciences, oil and gas, petrochemical, and discrete manufacturing industries that have relied on complex, non-integrated programmable logic controllers (PLCs) with limited operational capabilities.
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Top Key Players:-
The key players of Global Industry controls and factory automation Market report include-ABB Ltd., Siemens AG, Emerson Electric Company, Mitsubishi Electric Corporation, Schneider Electric Se, General Electric Company, Omron Corporation, Rockwell Automation, Inc., Yokogawa Electric Corporation, and Nextnine Ltd.
Regional Analysis of Global Industry Controls and Factory Automation Market:-
North America are the largest markets for industry control and factory automation market. Major players are focusing the Asian Market due to increase in industrial growth in the region. For increasing the overall revenue major players are targeting emerging countries like China and India. Therefore, Asia-Pacific region is expected to contribute significantly to the industry controls and factory automation market.
Industry controls and factory automation Systems Global Market – Segmentation
The scope of global industry controls and factory automation systems market is segmented into three major segments which are explained below:
By End User
- Oil & Gas
- Mining & Metals
- Food & Beverages
- Electric Power Generation
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- PAC & RTU
- MES & MOM
- Industrial Networks
- Industrial Robots
- Control Devices
- Field Instruments
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