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Comprehensive Study on Human Machine Interface Market 2020 to 2023 | Top Companies like ABB, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens, Emerson Electric
The global human machine interface market was valued at USD 3.30 billion in 2017, and is expected to reach a value of USD 5.73 billion by 2023 at a CAGR of 9.37%, during the forecast period (2018 - 2023). The scope of the market covers all stand alone and built-in HMI Interface systems.This Human Machine Interface Industry report provides details of recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, strategic market growth analysis, and market size. The report also offers insightful and detailed information regarding the various key players operating in the global Human Machine Interface market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global Human Machine Interface market is segmented on the basis of component, application, and region.
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The growing need for the monitoring of production and responding to the changing demands, through enhanced diagnostics, coupled with the need for greater efficiency and reduced downtime, have buoyed the growth of the human machine interface market.
Top Leading Manufacturers:
ABB, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens, Emerson Electric, Honeywell, Yokogawa Electric, General Electric, Kontron, Advantech, Pro-Face
Market size by Product
Stand-Alone HMI
Embedded HMI
Market size by End User
Industrial
Commercial
Others
*News and Updates:
2019-11-26 ABB and B&R launch first fully integrated Machine-Centric Robotics solution
2019-09-18 ABB reinvents process control with new generation human machine interfaces
Mitsubishi Electric Launches a GOT2000 HMI for Your Extreme Environments
Siemens Launches New Edition of Human- Machine Interface Software
Market Overview:
Oil and Gas to Hold the Largest Share of the Market Among the Various End-user Verticals
With increasing pressure to improve operational performance, meet environmental specifications, and overcome rising energy costs, oil & gas operations must efficiently and securely monitor and control entire processes across local and remote locations. Also, ensuring consistently and proper functionality of the industrys equipment and system effectiveness are paramount. Thus, the oil & gas industry presents various challenges in terms of workforce allocation, efficiency and cost to oil & gas end-users. The difficulty to access remote locations, both physically and virtually, complicate the challenges immensely, especially in hazardous locations, which makes the task even more tough.
Thus, the need for remote automation, real-time control, monitoring, and remote diagnosis of all equipment and processes creates a huge demand for HMI solutions. Further, adhering to standards, such as 49 CFR Part 192 - Transportation of Natural and Other Gas by Pipeline and other workforce safety standards have been instrumental in driving the adoption of human machine interface market in the oil & gas industry.
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Key Developments
November 2017 - Rockwell Automation announced its investment in The Hive, a Silicon Valley innovation fund and co-creation studio, to gain access to an ecosystem of innovators and technology start-ups with a focus on applications of artificial intelligence (AI) to industrial automation.
July 2017 - ABB completed the acquisition of B&R, the largest independent provider focusing on the product and software-based, open-architecture solutions for machine and factory automation worldwide.
June 2017 - GE launched New Solutions Purpose Built For Industrial Assets. GE Digital launched an integrated solution to deliver the industrial service model of the future that combines the power of ServiceMax which is company's cloud-based field service management solution, with its intelligent Asset Performance Management portfolio to develop service operations, reduce cost and eliminate unplanned downtime.
Contents of the 15 Chapters for This Human Machine Interface Market Study:-
Chapter 1 provides an overview of Human Machine Interface market, containing global revenue, global production, sales, and CAGR. The forecast and analysis of market by type, application, and region are also presented in this chapter.
Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3 provides a full-scale analysis of major players in Human Machine Interface industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 4 gives a worldwide view of Human Machine Interface market. It includes production, market share revenue, price, and the growth rate by type.
Chapter 5 focuses on the application of Human Machine Interface, by analyzing the consumption and its growth rate of each application.
Chapter 6 is about production, consumption, export, and import of Human Machine Interface in each region.
Chapter 7 pays attention to the production, revenue, price and gross margin of Human Machine Interface in markets of different regions. The analysis on production, revenue, price and gross margin of the global market is covered in this part.
Chapter 8 concentrates on manufacturing analysis, including key raw material analysis, cost structure analysis and process analysis, making up a comprehensive analysis of manufacturing cost.
Chapter 9 introduces the industrial chain of Human Machine Interface. Industrial chain analysis, raw material sources and downstream buyers are analyzed in this chapter.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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