Industry controls and factory automation systems Global Market – Competitive Analysis
The global market for industry controls and factory automation systems is one of the most technological advance market. To maintain the market position and to drive the market growth, all the major players continuously strive for technological development in their industry controls and factory automation systems. Market leaders are rigorously involved in R&D activities, so as to develop feasible product, which fulfils all the client requirement over their automations requirement. Leading developers and vendors of ERP solutions offer on-demand customization for meeting the precise necessities of diverse businesses. For bringing down the execution cost, developers are gradually providing mechanization solutions as the cloud-based offering. Global suppliers and manufacturers are collaborating with the regional players in developing regions, predominantly Asia Pacific, to take advantage of on the enormous prospects in the Industrial Control and Factory Automation Market.
Industry Controls and Factory Automation Systems Global Market – Overview
Industrial controls and factory automations are the advanced technology to control the equipment and machines in the industries. The emergence of the information technology and adoption of the automation technologies has revolutionized the manufacturing sectors. The automation reduces the human intervention, so the human error are reduced which is causing various industrial unit to adopt the automation systems. Robotics are mostly used in the factory automation and industry control as it leads to advantages in controlling, better precision, reducing assembly time, reduction in labor costs, and reduction in the risk of exposure to production hazards. These are the factors driving the industry control and factory automation market. As per the study conducted by Market Research Future, the global market for industry controls and factory automation systems is likely to grow at the CAGR of around 4.6%.
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.
Considerable capital investment required for installing industrial control and factory automation equipment and the lack of expertise in handling these equipment are likely to impede the growth of the global industrial control and factory automation market to some extent. However, the introduction of user-friendly and intuitive automation system and the cost-effective models of adopting industrial control and factory automation systems are expected to create exciting growth opportunities for market players. Furthermore, the mass customization of factory automation products is anticipated to stimulate the demand for automation systems. In addition, the initiatives to reduce the risks of exposure to different production hazards for workers are expected to offer momentum to the market.
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Geographically, the global industry controls and factory automation systems market has been divided into North America, Europe, Asia Pacific and Rest of the World. Among these regions, 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 Technology
- SCADA
- PLC
- PAC & RTU
- DCS
- MES & MOM
- PLM
- HMI
- Safety
By Components
- Industrial Networks
- Industrial Robots
- Control Devices
- Field Instruments
- Cables
By End User
- Oil & Gas
- Chemicals
- Mining & Metals
- Food & Beverages
- Electric Power Generation
- Others
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Industry controls and factory automation Systems Global Market – Key Players
Some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global industry controls and factory automation systems market.
- ABB Ltd.
- Siemens AG
- Emerson Electric Company
- Mitsubishi Electric Corporation
- Schneider Electric Se
- General Electric Company
- Omron Corporation
- Rockwell Automation, Inc.
- Yokogawa Electric Corporation
- Nextnine Ltd
Industry controls and factory automation Systems Global Market – Table of Content
1. Report Prologue
2. Introduction
2.1. Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
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4. Market Dynamics
4.1. Drivers & Oppurtunities
4.2. Challenges & Restraints
4.3. Value Chain Analysis
4.4. Porter’s Five Forces Analysis
To be Continue ……..,
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