Industrial Automation and Control Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2027 | ABB Ltd,Honeywell International Inc.,Siemens AG,Emerson Electric Co.

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

The industrial automation control experiencing a steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for industrial automation control comprises of some well-established players across the globe. Since last decade, the demand in different end-user industry has accelerated significantly with growing adoption of automation and ground-breaking technology enhancements.

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The List of Companies
1. ABB Ltd.
2. B&R Industrial Automation GmbH
3. Bosch Rexroth AG
4. Beckhoff Automation GmbH & Co. KG
5. Emerson Electric Co.
6. General Electric
7. Hitachi Ltd.
8. Honeywell International, Inc.
9. KOYO ELECTRONICS INDUSTRIES CO., LTD.
10. Mitsubishi electric corporation

As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from regional players as well as the leading global companies across the world. Use of automation is gaining high momentum in both process and discrete industries, depending upon the usage of advanced technologies.

Both the sector uses different technologies, solutions, and component to ensure proper implementation of industrial automation. Solutions such as SCADA, PLC, DCS, MES, PLM, and plant asset management as well as Cybersecurity holds a distinct position in facilitating ease in the manufacturing process. Technologies such as condition monitoring, IIoT, AI, big data analytics, virtual reality, and augmented reality helps to have access over real-time data required at the time of precision decision making. Machine vision, sensor, HMI, control valves, control devices, industrial robots, industrial PC, field instruments, and many other components are used to go ahead with manufacturing operations. In discrete industries, it produces distinct products which use bills of materials and routings to define lead times and costs.

The report segments the global industrial automation control market as follows:

By Solution

• Distributed Control System (DCS)
• Supervisory Control and Data Acquisition
(SCADA)
• Programmable Logic Control System (PLC)
• Product Lifecycle Management (PLM)

By Industry Vertical

• Automotive
• Electronics & Semiconductor
• Food & Beverage
• Metal & Machinery
• Aerospace & Defense

By End User

• Process Industry
• Discrete Industry

Discrete manufacturing is based on some production orders which keeps on changing depending upon orders. Discrete manufacturers’ produces finish goods such as nuts, screws, handles, and other which is further used for manufacturing or it can be taken apart. For instance, The Saudi Arabia Government is strategically focusing on the development of robotics sectors across various industries. The government has laid an enhanced focus on the development of robotics to meet the country’s plan for building an innovative and strong economy as per the VISION 2030. Such initiatives taken by the government would help the companies to widen the scope in the industrial automation control market.

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