Press release
Automation and Control Market Covid-19 Analysis 2020: Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2025
Market ScopeGlobal Automation and Control Market is expected to record a CAGR of 10.41%, witnessing substantial growth during the forecast period. The market was valued at USD 125,487.3 Million in 2019; it is expected to reach USD 217,354.4 Million by 2025.
Segmentation
Based on the Product, the market has been segmented into PLC, SCADA, PAC, DCS and RTU, HMI, and MES. The distributed control system (DCS) and RTU segment accounted for the largest market share of USD 31,413.3 million in 2019. The Supervisory Control & Data Acquisition (SCADA) segment accounted for the highest CAGR of 11.07%. Programmable logic control consists of a microprocessor that receives information from sensors and input devices, processes the data, and triggers the output. The PLCs are ruggedized computers used for automating electromechanical processes across various industries. Supervisory control & data acquisition is a software and hardware system used for controlling, analyzing, and monitoring industrial processes. The programmable automation controllers (PAC) are digital devices that are used to store and execute embedded programs. PACs can perform complex functions such as loop control, latching, data acquisition, and delivery. The Distributed Control System (DCS) includes both hardware and software elements. DCS controls complex, large, and geographically diverse applications, processes, or machines for large-scale processing or manufacturing plants. The RTU can control multiple processes without requiring inputs from intelligent controllers. The purpose of an RTU is to interface with distributed control systems by sending telemetry data to the systems. The HMI allows the operator to filter, analyze, and monitor data from RTUs against operational standards. HMI uses technologies such as SCADA and other visual-based technologies. A manufacturing execution system (MES) comprises hardware or software components that help in managing and optimizing production activities from the launching of orders to finished goods.
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Regional Analysis
The Global Automation and Control Market, by region, has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe accounted for the largest market share of 32.87% in 2019, with a market value of USD 41,242.5 million; the market is expected to register a CAGR of 8.8% during the forecast period. Asia-Pacific accounted for the highest CAGR of 12.75%.
Competitive Outlook
Emerson Electric Co., Rockwell Automation, Bosch Rexroth AG, General Electric Company, KUKA AG, Stratasys Ltd, ABB Group, OMRON Corporation, Honeywell International, Inc., Yokogawa Electric, Dwyer Instruments, Inc., Fanuc Corporation, Endress+Hauser Management AG, Siemens AG, Ametek, Inc., Schlumberger Limited, Schneider Electric SE, and Mitsubishi Electric Corporation are key players of the global automation and control market.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Market Research Future
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Pune – 411028, Maharashtra, India
Email: sales@marketresearchfuture.com
Office No. 528, Amanora Chambers Pune - 411028
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
528, Amanora Chambers, Magarpatta Road, Hadapsar
Pune – 411028, Maharashtra, India
Email: sales@marketresearchfuture.com
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