South Korea Automation and Industrial Control Market 2022 Status and Business Outlook - Rockwell Automation Inc, Honeywell International Inc, ABB Limited
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Top Leading Companies of South Korea Automation and Industrial Control Market are Rockwell Automation Inc, Honeywell International Inc, ABB Limited?, Emerson Electric Co, Schneider Electric SE and others.
Industry News and Updates
April 2020: Yaskawa Electric Corporation launched a New Multipurpose Robot, MOTOMAN-GP300R, which is capable of applying in different voltages and various safety standards across the world. This product can not only effectively use installation space on the floor but also reduces the facility cost through weight reduction.
- March 2020: B&R introduced a new Compact-S PLC for its customers. Moreover, this product provides twice the RAM capacity of its previous models and is suitable for applications of higher memory requirements and performance. This product also consists of 512 MB of RAM and 2 GB internal flash memory.
Key Market Trends
Power Generation is one of the Fastest Growing Segment
- The huge demand for renewable energy sources is supporting the need for Automation and Industrial control for power generation industries. The energy sector in this region is an early adopter of digital technologies, which has resulted in improved process automation and control. The power plant automation system consists of input and output modules that meet strict standards for isolation, surge-withstand capability, and environmental specifications.
- Major Power plants in this market are also investing in automation technologies to improve the efficiency of their systems. Emerson already installed an oviation control system in two power plants in this region. Recently in 2019, Valmet completed a strategic partnership with GS EPS Co Ltd to provide a repeat automation technology. As per the agreement, Valmet will deliver an automation system, plant performance system, fuel management system, etc.
Regional Outlook of South Korea Automation and Industrial Control Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The South Korea Automation and Industrial Control Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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