Mexico Factory Automation and Industrial Controls Market 2021 Strategic Assessment - Rockwell Automation Inc., Honeywell International Inc., General Electric Company, ABB Ltd

Market Insights Reports has added new statistical data to its repository titled as, Mexico Factory Automation and Industrial Controls Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Mexico Factory Automation and Industrial Controls market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The Mexican factory automation and industrial controls market was valued at USD 1400.2 million in 2020, and it is expected to reach USD 2378.78 million by 2026, and register a CAGR of 8.5% over the forecast period (2021-2026).

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Top Key Players in the Mexico Factory Automation and Industrial Controls Market are Rockwell Automation Inc., Honeywell International Inc., General Electric Company, ABB Ltd, Emerson Electric Company, Omron Corporation, Autodesk Inc., Mitsubishi Electric Corporation, Siemens AG, Aspen Technology Inc., Robert Bosch GmbH, Texas Instruments Inc., Yokogawa Electric Corporation, Schneider Electric SE, and others. 

Industry News and Update:

In Oct 2018, GE launched the next phase of the Industrial Internet Control System (IICS). Built on the capabilities of its IICS, Intelligent Platforms introduced PACSystems RX3i CPL410, the first-ever outcome optimizing open controller, remote monitoring as a service platform, both designed to harness the combined power of edge controls and analytics to deliver actionable intelligence across the industrial ecosystem.

Key Market Trends:

Robotics Segment to Hold Major Growth

Mexico is predominantly a production hub for car manufacturers and automotive parts suppliers that export to the United States, and increasingly to South America. At USD 2.45 trillion, Mexico is the fifteenth-largest global economy and home to 20 plus automotive assembly plants, including BMW, Mercedes, Audi, Ford, Chrysler, and Nissan. They are putting more pressure on the local plants to increase the quality, get better safety, get better throughput, which is driving automation and robotics.

The Mexican manufacturing industry has propelled and digitalized significantly in recent years to enhance productivity, primarily owing to the automotive sector in the country, which is the seventh-largest maker of motor vehicles in the world. It produced more than 4.1 million units in 2017 or about 4.2% of the global production of 95.3 million units. Therefore, Mexico’s manufacturing and most prominently the automobile manufacturing sector has made the country one of Latin America’s powerhouses for innovation and technology. In order to support the country’s growing manufacturing industry, the Association for Advancing Automation (A3) has launched A3 Mexico to support the proliferation of the manufacturing sector with robotics.

Utility Segment to Witness Major Growth

According to the Ministry of Energy, the Mexican power generation sector is expected to witness investments over MXN 2039.89 billion by 2030, with most of the investments diverted toward power generation establishments and power transmission infrastructure. Since the country deregulated its power sector in 2014, it opened doors to a lot of private investment into the sector. Following the deregulation, many multinational power companies have invested in the country’s power sector. For example, recently, in March 2018, ATCO, a prominent Canadian holding company, along with Mexico-based RANMAN Energy, announced an investment of CAD 70 million to build a new 26-megawatt (MW) cogeneration plant, which is expected to be operational by the end of 2019. With such a positive investment scenario in the country’s utility sector, led by renewal or new construction projects, the demand for factory automation and industrial control system solutions is expected to grow rapidly.

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This Mexico Factory Automation and Industrial Controls Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Mexico Factory Automation and Industrial Controls market:

– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?              

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