Industrial Automation Market 2020 Global Analysis By Key Players - Siemens, Schneider Electric SE, General Electric Company, ABB, Hitachi., Honeywell, Danfoss Group, Rockwell Automation
The key players operating in the industrial automation market are Siemens AG, Vega Conveyors & Automation Ltd., Schneider Electric SE, General Electric Company, ABB Group, Fuji Electric Ltd., Hitachi Ltd., Honeywell International, WIKA Instruments India Pvt. Ltd., Azbil Corporation, FANUC Corporation, Danfoss Group, Krohne Group, Chaos Prime, and Rockwell Automation.
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The growing adoption of robotic technologies in the manufacturing environment is predicted to drive the industrial automation market growth. The industries are installing robots to limit human intervention that will help them to achieve enhanced product quality at high production capacity. Some of the major operations performed by these robotic solutions include welding, spraying, processing, assembly, and inspection. Increasing adoption of automated material handling solutions and the rise in the shift from traditional manual handling to automated technologies will also drive the industrial automation industry growth.
Pointers that are contained in the industrial automation market report with respect to the Component terrain:
Component segmentation: The industrial automation industry, as claimed by the report, is split into Control valves, Field instruments, Human-Machine Interface (HMI), Industrial robots, Machine vision, Sensors, Others, pertaining to the Component landscape.
Market share & size details:
o The report enlists the present share that the Component segments hold in the industry.
o The valuation in the base year and the returns that the segments are expected to accumulate by the end of the forecast period are also given in the report.
Details about the ongoing and future trends characterizing the industry growth graph are provided.
Pointers that are contained in the industrial automation market report with respect to the End-Use terrain:
End-Use segmentation: The industrial automation industry, as per the report, is segmented into Aerospace & defense, Automotive, Food & beverages, Mining & metals, Semiconductor & electronics industry, Others, with reference to the End-Use landscape.
Market share & size details:
o The report mentioned the share that the End-Use categories account for in the industry.
o The base valuation as well as the remuneration that the segments are expected to accumulate by the end of the anticipated period are given in the report.
Details about the ongoing and future trends defining the industry growth graph are provided.
The Asia Pacific industrial automation market is expected to witness high growth over the coming years owing to rapid digitalization and automation in industrial sectors. Countries including China, India, and Japan are the major economies with high growth in the manufacturing sector. The global companies are establishing their manufacturing base in these countries due to the easy availability of low-cost resources and labor. With this increase in the number of manufacturing facilities, the demand for automated technologies is growing rapidly to improve business productivity and efficiency in operations, thereby accelerating the industrial automation industry growth.
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To amalgamate within the confines of a single entity, the industrial automation market report can be effectively claimed to be a collective analysis of the industry in question - a vastly well-articulated document that evaluates the industrial automation industry with respect to vital parameters and enlists essential pointers pertaining to educate the uninitiated about the industry insights. Also, the study is aimed to help potential stakeholders leverage the ongoing trends of the industry, having understood the regulatory and competitive spectrums of the market as presented in the report.
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