Press release
Industrial Automation Market 2018 Global Leaders Analysis: Mitsubishi Electric, Siemens AG, Emerson Electric Company, General Electric Company, Schneider Electric SE, Yokogawa Electric, Ametek, ABB Ltd
Market Synopsis:
Industrial automation involves using computer-aided control devices to operate different industrial processes by replacing human involvement. The global industrial automation market is projected to grow at a 6% CAGR during the review period of 2016 and 2022.
Market Dynamics:
The Critical Benefits Of Automation Is The Prime Driver Of The Market
Advantages of industrial automation such as lower operating cost, reduction in human error, lower wastage, efficient manufacturing, and synchronization of procedures, quality production, faster product lifecycle and others are the prime drivers of the market.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2212
Growing Industrialization And Reduction Of Risk And Hazard Is Expected To Result In Greater Adoption
Expanding industrial base and rising number of companies coupled with advancements in capabilities of sensors and automation technology are the other drivers of the market. The rise of complementary industries such as automotive industries and growth in demand due to rising per capita income and population around the world coupled with risk and hazard reduction are strong reasons for rapid uptake.
Product Development And Advent Of Internet Of Things Is Expected To Be The Largest Market Opportunity
Improvements in the human-machine interface, growing interconnectivity, the advent of the internet of things, developments in computer-aided systems, and others are resulting in higher market demand.
Need For Business Restructuring And Lack Of Trained Work Force Represents The Market Barriers
The requirement for business restructuring, fragmented company structure and disoriented manufacturing, and Lack of trained workforce are the market restraints. The presence of a considerable number of small-scale industries in nations like India, which do not possess the means of buying such systems coupled with the high cost of installation and maintenance are formidable barriers. Opposition to automation by trade unions due to loss of employment has compounded the situation.
Key Players
The prominent players in the Industrial Automation Market are - Siemens AG (Germany), ABB Ltd. (Switzerland), Emerson Electric Company (U.S.), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yokogawa Electric (Japan), Ametek, Inc. (U.S.), Rockwell Automation, Inc. (U.S.) and Fanuc (Japan)
Industrial Automation Market Segmentation
The Industrial Automation Market has been segmented on the basis of type, technology, and end user. Looking through the industry segments it’s been observed that manufacturing industry would expect a substantial increase in industrial automation sector. Whereas metals and mining, oil and gas, automotive and transport industries are also leading industries in industrial automation sector. These industries are showing a positive growth towards industrial automation.
Market Research Analysis:
Market Research Future Analysis shows that there are many organizations which are lagging in industrial automation but there is an expectation of sudden hike in industrial automation. It has been observed that many companies are getting incentives for increasing their investment in industrial automation. The major benefits of industrial automation are increase in production, quality and replacing labor intervention. These factors would definitely increase the industrial automation market very soon.
Regional analysis for industrial automation market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that Europe would account for larger share in industrial automation sector followed by North America and Asia-Pacific. Asia-Pacific countries like Japan, China, and Korea, also the south East Asian countries like Vietnam are also showing progress in field of industrial automation.
Get complete Report @ https://www.marketresearchfuture.com/reports/industrial-automation-market-2212
Intended Audience
• Process Automation and Instrumentation Manufacturers
• Industrial Robot Manufacturers
• MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
• System Integrators
• Government Organizations
• Research/Consultancy firms
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Automation Market 2018 Global Leaders Analysis: Mitsubishi Electric, Siemens AG, Emerson Electric Company, General Electric Company, Schneider Electric SE, Yokogawa Electric, Ametek, ABB Ltd here
News-ID: 1124012 • Views: …
More Releases from Market Research Future
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further.
APAC Wallpaper Market Size was valued at USD 0.55…
More Releases for Industrial
Global Industrial Uavs Market, Global Industrial Uavs Industry, Global Industria …
The Industrial Uavs market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Industrial Uavs Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Industrial Uavs market. The report focuses on well-known providers in the global…
RDM Industrial Products - Laboratory and Industrial Furniture Supplier
RDM Industrial Products Inc. is one of the most reputed and leading laboratory and industrial furniture solutions supplier and manufacturer. The company was established in 1977 and has been serving their growing clientele proudly for over 40 years. Their quality products cater to industries including healthcare, electronics, biotechnology, laboratory, industrial and more. The company is based out of California and their shipments are done all across the globe. QUALITY-SERVICE-TIMING are…
Industrial Fasteners Market # industrial fasteners and supply # industrial faste …
An insightful study, titled “Global Industrial Fasteners Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.
Get…
Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Indu …
Researchmoz added Most up-to-date research on "Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Industrial PC, Box Industrial PC And Embedded Industrial PC" to its huge collection of research reports.
Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is…
Industrial Machinery & Industrial Equipment Production Market Research Report
Latest industry research report on: Global and United States Industrial Machinery & Industrial Equipment Production Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the Industrial Machinery & Industrial Equipment Production market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and…
Industrial PC Market By Type - Panel Industrial PC, Box Industrial PC, Embedded …
Albany, NY, 19th September : Recent research and the current scenario as well as future market potential of "Recent research and the current scenario as well as future market potential of "" globally." globally.
Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is simply used…
