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11.88 bn Human-Machine Interface (HMI) Technologies Market: Global Industry Players ABB Ltd., Eaton Corporation,Siemens AG, Emerson Electric Co., Honeywell , Schneider Electric SE, Mitsubishi ,
Human Machine Interface
Major factors for the human machine interface market growth includes the rising adoption of industrial automation equipment in manufacturing industry, growing smart automation demand, growth of industrial internet of things, and rising need for monitoring in the manufacturing facilities.
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Further, advancements in HMI programming software with the purpose to incorporate ability to manage multi-vendor environment is expected to intensify market growth during the forecast period. Advantages such as remote operation along with extensive adoption of HMIs by the Oil & Gas industry and water treatment plants to operate in harsh environments is expected to further propel the human machine interface market. Further, it has also stimulated manufacturers to develop devices with enhanced wear and tear property.
The rising trend towards protocol conversion for exchanging data between connected devices is further driving the human machine interface market growth. Furthermore, developments in technology for instance, open platform architecture ensuing enhancement of the mitigation process is fueling the market growth. However, factors such as change in business process and high capital requirement are the key challenges impacting to the market growth. Moreover, inadequate skilled professionals and lack of awareness regarding HMIs also acts as restraints to the market.
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HMI Market- Size and Forecast by Product, 2018-2026
• Key findings
• Display Terminals
• Interface Software
• Industrial PCs
• Others
HMI Market Size and Forecast by End-user, 2018-2026
• Key findings
• Automotive
• Food & Beverages
• Healthcare
• Oil & Gas
• Aerospace & Defense
• Packaging
• Others
Key strategies adopted by the players in the market includes new product launches, product developments, acquisitions, expansions, and collaborations for enhancement of product offerings and expanding reach. ABB Ltd., Eaton Corporation, Siemens AG, Emerson Electric Co., Honeywell International Inc., Yokogawa Electric Corporation, Rockwell Automation Inc., Mitsubishi Electric Corporation, American Industrial Systems Inc. and Schneider Electric SE among others.
About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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