Industrial Automation Market Industry Trends, Market Size, Competitive Analysis and Forecast - 2019-2026 | Azbil Corporation, Fuji Electric Co., Ltd, 3D Systems, Inc., HP Development Company

Industrial automation industry is the control of machinery and processes used in various industries by autonomous systems through the use of technologies like robotics and computer software. Due to the rapid advances in technology, all industrial processing systems, factories, machinery, test facilities, etc. turned from mechanization to automation. A mechanization system needs human intervention to operate the manual operated machinery.

The Industrial Automation report is based on the market type, organization size, availability on-premises and the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The report also aids in prioritizing market goals and attain profitable business. This Industrial Automation market study also analyzes the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. This Industrial Automation report aids to establish correlative relationship between the product brand and consumers’ needs and preferences.
Global Industrial Automation Market Report 2020 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Industrial Automation industry.

• Introduction of Industrial Automation market-

Global industrial automation market is to register a substantial CAGR of 8.8% in the forecast period of 2019-2026.

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• Industrial Automation Report Outlook-

An industrial automation service operates machinery and different processes through controlled system such as computers, robots, control systems and information technologies. Automation is the key to standardize manufacturing, fast production, cost reduction, product quality and minimizing cost and many more facilities. It reduces the dependency on manual labor in different industries and ensures pace for mass production with superior performance as compared to humans.

• Key research methodologies-

For better evaluation and discovery of justifiable opportunities, research experts and analysts utilizes extremely useful market research tools and techniques such as SWOT analysis, Porter’s five forces analysis, and PEST analysis, value chain analysis and supply chain analysis. It additionally performs primary and secondary analysis to study the impact of various market factors on the current market dynamics.

• Prominent market player analysis-

The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension.

Key market players covered in this report- Emerson Electric Co., ABB, Siemens, Schneider Electric, Endress+Hauser Management AG, Yokogawa India Ltd., Honeywell International Inc., WIKA Instruments India Pvt. Ltd., Azbil Corporation, Fuji Electric Co., Ltd, 3D Systems, Inc., HP Development Company, L.P., FANUC CORPORATION, Stratasys Ltd., Hitachi, Ltd., Tegan Innovations, Rockwell Automation, Inc., Chaos Prime, Dwyer Instruments, Inc

• Industrial Automation market segmentation-
The investigation of the Industrial Automation market sections it into four general classes

By Component

o Industrial Robots
o Traditional Industrial Robots
o Articulated Robots
o Cartesian Robot
o Selective Compliance Assembly Robot ARM(SCARA)
o Parallel Robot
o Others
o Collaborative Industrial Robots
o Machine Vision
o Cameras
o Analog Camera
o Digital Camera
o Smart Camera
o Frame Gabber, Optics and Led Lighting
o Processors and Software
o Control Valves
o Field Instruments
o Flow Meters
o Transmitters
o Pressure Transmitters
o Temperature Transmitters
o Level Transmitters
o Human–Machine Interface (HMI)
o Industrial PC
o Sensors
o Industrial 3D Printing

By Solution

o Supervisory Control and Data Acquisition (SCADA)
o Programmable Logic Controller (PLC)
o Distributed Control System (DCS)
o Manufacturing Execution System (MES)
o Product Lifecycle Management (PLM)
o Functional Safety
o Plant Asset Management (PAM)

By Industry

o Process Industry
o Oil & Gas
o Chemicals
o Paper & Pulp
o Pharmaceuticals
o Mining & Metals
o Food & Beverages
o Power
o Others
o Discrete Industry
o Automotive
o Machine Manufacturing
o Semiconductor & Electronics
o Aerospace & Defense
o Medical Devices
o Others

What are the major market growth drivers?

• Industrial automation improves product quality and flexibility of manufacturing process is a driver for this market
• Focus on optimum utilization of resources is a driver for this market
• Government initiatives regarding adoption of industrial automation in different industries is boosting the growth of this market
• Technological advancement in control, process monitoring and industrial automation is driving the growth of the market

Market Restraints:

• High cost and high capital investment required for industrial automation hinders the growth of this market
• Issues regarding security is restraining the market growth
• Lack of professionals in industrial automation may hinder the growth of the market
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

Key Developments in the Market

• In April 2017, IBM and ABB collaborated for industrial artificial intelligence solutions and to enhance the production line through identifying critical faults throughout the manufacturing process. Customers will benefit from the profound understanding of ABB's domain and comprehensive portfolio of digital alternatives coupled with the expertise of IBM in artificial intelligence and machine learning as well as various vertical industries

• In July 2018, Microsoft Corp. and GE entered into a partnership to bring operational and information technology together and to eliminate hurdles faced by the industrial companies in advancing digital transformation projects. For driving innovation across the enterprise, GE will leverage Microsoft Azure for extra IT workloads and productivity instruments such as inner Predix-based deployments. This partnership will build deeper connections between both the companies and will enables customers worldwide to harness the power of the Predix portfolio suh as Predix Asset Performance Management

Few samples of the queries answered in this Industrial Automation report-:

1. Which innovation type will enlist the most noteworthy development in the worldwide Industrial Automation market?
2. Which area or region will remain the most rewarding for the Industrial Automation market's development all through the conjecture time frame?
3. What are the territorial development techniques embraced by key players in the worldwide Industrial Automation market?
4. What is the expected growth rate of market size and market share in terms of CAGR value?

Table Of Contents Is Available Here@ https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-automation-market&DP

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