Press release
Human Machine Interface (HMI) Market at a CAGR of 9.68% with Top Competitors American Industrial Systems, Inc.; Beijer Electronics – A Beijer Group Company; Eaton; OMRON Corporation; Danaher; Elektrobit; Gefran; BARTEC; EAO AG; Microchip Technology Inc.
Human Machine Interface (HMI) Market
Global Human Machine Interface (HMI) Market is expected to rise from its initial estimated value of USD 4.17 billion in 2018 to a projected value of USD 8.73 billion by 2026, registering a CAGR of 9.68% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in the prevalence of Industry 4.0.
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Global Human Machine Interface (HMI) Market Major Competitors/Players:
• Siemens;
• Rockwell Automation, Inc.;
• Emerson Electric Co.;
• Kontron S&T AG;
• Mitsubishi Electric Corporation;
• ABB;
GENERAL ELECTRIC; Honeywell International Inc.; Yokogawa Electric Corporation; Schneider Electric; Advantech Co., Ltd.; American Industrial Systems, Inc.; Beijer Electronics – A Beijer Group Company; Eaton; OMRON Corporation; Danaher; Elektrobit; Gefran; BARTEC; EAO AG; Microchip Technology Inc.; are few of the major competitors currently present in the market.
Market Drivers:
• Increase in the prevalence and adoption of Industrial IoT; this factor is expected to act as a driver for the market growth
• Increasing need for effective and efficient monitoring and management of devices and equipments in factories; this factor is expected to drive the market growth
Key Developments in the Market:
• In September 2018, Rockwell Automation, Inc. announced the launch of “Allen-Bradley PanelView 5510” graphics terminal for usage in large machinery applications. The product provides user higher integration, connectivity and simplification of user experience with large applications.
• In May 2018, Kontron S&T AG announced that they have extended the product portfolio of its “FlatClient” and “FlatView HMI”. Both series related to the Human Machine Interface products. The new product lines, STS, CTR, and RCK are monitors and industrial PC’s for usage in extremely hygienic industrial applications.
Global Human Machine Interface (HMI) Market Competitive Analysis:
Global human machine interface (HMI) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of human machine interface (HMI) market for global, Europe, North America, Asia-Pacific and South America.
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Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
Table of Contents
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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