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Ureteral stents Market 2019: Global Growing Competitor are Siemens AG, Emerson Electric Co., Bosch Rexroth AG, General Electric Company, Hitachi, Ltd., Koyo Electronics Industries Co., Ltd., Mitsubishi Heavy Industries

09-18-2019 06:14 AM CET | Industry, Real Estate & Construction

Press release from: Premium Market Insights

Ureteral stents Market - Premium Market Insights

Ureteral stents Market - Premium Market Insights

The global industry automation control market accounted for US$ 158.5 Bn in 2018 and is expected to grow at a CAGR of 8.0% over the forecast period 2019-2027, to account for US$ 324.6 Bn in 2027.

Factors including rapid expansion in manufacturing industry and constant rise in labor costs and need for accuracy in production are significantly driving the global industry automation control market. However, the high capital required for initial deployment is impeding the market growth. Widening government support for the adoption of industrial automation control is opportunistic for the growth of the market. For instance, German government’s strategy 'Industry 4.0’, includes development and deployment of industrial robots as a key driver. The government announced to offer non-refundable cash grants of around €70 Mn each year to support research institutes, companies, and academics during 2016 - 2020 for human-technology interaction research.

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Some of the players present in industrial automation control market are ABB Ltd., Honeywell International Inc., Siemens AG, Emerson Electric Co., Bosch Rexroth AG, General Electric Company, Hitachi, Ltd., Koyo Electronics Industries Co., Ltd., Mitsubishi Heavy Industries, Ltd., Omron Corporation, Rockwell Automation, B&R Industrial Automation Gmbh, and Beckhoff among others.

The industrial automation control market is fragmented with the presence of large ecosystem, however, the competitive dynamics of the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the industrial automation control market further. For instance, the government of India started Make in India initiative to support the growth of various industries such as automobile, textiles, construction, and aviation among others. Further, the Indian Government is launching Make in India 2.0 which is the next round of make in India, and this initiative will focus to turn India into a global manufacturing hub.

Major manufacturers are already on the way to incorporate artificial intelligence in their existing network to procure higher productivity gains from automation technology including labor flexibility, reliable demand forecasting, better finish, and agile supply chain & inventory optimization. Similarly, UK government announced investment of £17.3 million in robotics and artificial intelligence. The investments are aimed to support the digital strategy of Europe which focus on making UK world’s most innovative economy. The initiatives by the government supports the growth of automation in the European region. This initiative provides multiple benefits to the Asian companies and thus increasing the growth of industrial automation control market in the region.

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Table of Contents

1. INTRODUCTION
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL AUTOMATION CONTROL MARKET LANDSCAPE
5. INDUSTRIAL AUTOMATION CONTROL MARKET - KEY INDUSTRY DYNAMICS
6. INDUSTRIAL AUTOMATION CONTROL - GLOBAL MARKET ANALYSIS
7. GLOBAL INDUSTRIAL AUTOMATION CONTROL MARKET ANALYSIS - BY SOLUTION
8. GLOBAL INDUSTRIAL AUTOMATION CONTROL MARKET ANALYSIS - BY INDUSTRY VERTICAL
9. GLOBAL INDUSTRIAL AUTOMATION CONTROL MARKET ANALYSIS - BY END USER
10. INDUSTRIAL AUTOMATION CONTROL MARKET - GEOGRAPHICAL ANALYSIS

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