Press release
Industrial Automation Market 2018 Global Key Leaders: Mitsubishi Electric, Rockwell Automation, Fanuc, Siemens AG, Emerson Electric Company, Yokogawa Electric, Ametek
Market Synopsis
The global industrial automation market is predicted to expand at 6% CAGR over the forecast period (2016-2022). The market is expected to reach USD 149 billion by 2022 owing to the Internet of things, asserts Market Research Future (MRFR). Industrial automation is the use of computer-aided devices to operate industrial processes by replacing human involvement. Industrial automation operates multiple processes in a controlled manner, thus increasing production quality by reducing time.
Drivers and Constraints Impacting the Market
Industrial automation entails the integration of components like automation control system and sensors at various levels such as supervision level, sensor level, automation level, and enterprise level. Industry players are focused on increasing the efficiency of manufacturing process which is one of the major factors driving the market. With the development of Internet of Things, computer-aided systems, and engineering technologies, the global Industrial Automation Market is estimated to stimulate over the forecast period. The increasing demand for fast production capacities in telecom networks, automotive assemblies, heat treating boilers and ovens, and others is also fueling the market growth.
On the flip side, decreasing human labor along with lack of awareness and scarcity of investment for several companies might inhibit the market growth during the assessment period. Moreover, steep cost needed to set up the systems for machinery products along with expensive R&D activities is likely to hamper the global market growth in the coming years.
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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)
Segments:
Industrial Automation by Type:
• Fixed Automation
• Programmable Automation
Industrial Automation by Technology:
• Supervisory control and data acquisition (SCADA)
• Programmable Automation Controller (PAC)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Human Machine Interface (HMI)
Industrial Automation by end user industries:
• Machine manufacturing
• Oil & gas
• Aerospace & defense
• Electrical & electronics
• Automotive & transportation
• Chemical
• Pharmaceuticals
• Mining & metals
• Food & beverages
• Electric power generation
Regional Analysis:
The regional analysis of Industrial automation market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. The ongoing global trend towards greater industrial automation is being reflected in an increase in the number of industrial robots into the US.
Currently, there has been news in Japan that factory automation has paved a way for establishment of robot training centers. There has been an upward trend in industrial automation in the Asia pacific nations including Vietnam. It is proved that using industrial robots helps saving time and increasing product quality and production capacity leading to improve the competitiveness. This factors are expected to drive the industrial automation market in Asia-Pacific Region.
Industry News
August 29, 2018: ABB is all set to enable one of the world’s largest digital substations with the upgrade of one of the biggest air-insulated substations ever built for the Belarus Ministry of Energy and its transmission utility Mogilevenergo. As part of the upgradation, the substation will be equipped with digital technology. ABB will supply control and protection equipment, a digital process bus, and an ABB Ability MicroSCADA system which will enable interoperable communication between vendors through Ethernet cables instead of copper wires.
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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
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