Global Industrial Automation Market to witness growth during the forecast period 2019-2026 as the demand for robotics and computer software increases for super performance.

Hyderabad, April 23, 2019 -- The "Industrial Automation Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2026" report has been added to Datamintelligence.com's offering.
Industrial Automation Market Dynamics
⦁The principal characteristics of Industrial Automation such as increased productivity, less wastage, increased level of safety, optimum cost of operation, reduction of human errors, enhanced product quality, and reduction of routine checks are boosting the market.
⦁Moreover, sustainability, energy efficiency and smart technologies like IOT, machine learning are expected to drive the market growth.
⦁Industries implement automation to increase productivity and their benefits and other associated expenses while improving precision and flexibility. Growing industrial base and the rising number of companies are the primary reason for the growth of the market.
⦁Below statistic illustrates the information about the global factory automation market from 2017 to 2021. The global market for comprehensive factory automation is expected to propel by 3.5 % between 2019 and 2020.
Restraining factor
Few drawbacks of industrial automation are its installation and maintenance is very expensive, and opposition to industrialization by union people due to loss of employment is hindering the growth of the market.
Industrial Automation Market Segmentation
⦁Based on technology, the global industrial automation market has been segmented into supervisory control and data acquisition, human-machine interface, distributed control system, and others. Distributed control system occupied the dominant market share.
⦁The distributed control system handles the entire control system of a single automation system and the benefit of reducing the downtime and improve the production by using optimal resources.
⦁Additionally, the distributed control system is used in the application of oil & gas industry benefits in increasing the exploration activities in oil fields. In addition to this, it also benefits the manufacturing plants by simplifying complex operations, ensuring decision integrity, and improving productivity.
⦁By mode of application, the global industrial automation market has been segmented into food & beverages, pharmaceuticals, automotive & transportation, machine manufacturing, aerospace, and others. Automotive & transportation hold a significant market share.
⦁This trend is estimated to continue during the forecast period. Increase in the use of automated systems by the industry players is majorly driving the market in the automotive and transportation sector.
Industrial Automation Market Geographical Share
⦁This report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and ROW.
⦁Among all these, the Asia Pacific occupied the dominant segment in the industrial automation market and is expected to grow at a CAGR of XX% in the forecast period owing to advancement in technologies along with integration with the current manufacturing environment. Additionally, the presence of manufacturing companies and developing economies of the Asian countries are contributing to the growth of the market.
⦁However, North America is expected to grow at a higher pace in the forecast period due to technological advancements in this region. For instance, according to a recent study by statista North American market for global factory automation reached USD 19.7 billion in 2018.
Companies Covered
ABB Ltd, Bosch, Honeywell Solutions, FANUC Corporation, Emerson Electric, Voith GmbH, Schneider Electric, Mitsubishi Electric, Rockwell Automation Inc., Toshiba Machine Corporation Ltd, Yaskawa Electric, Yokogawa Electric Corporation, General Electric, and others
Key Points covered in the report
⦁Industrial Automation Market – Methodology and Scope
⦁Industrial Automation Market - Trends
⦁Industrial Automation Market – Industry Analysis
⦁Geographical Analysis
⦁Competitive Landscape
⦁Company Profiles

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