Press release
Global Machine Automation Controller Market To Be Driven By The Increasing Application Of The Machine In The Manufacturing Sector In The Forecast Period Of 2022-2027
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2020): USD 36.18 billion
• Forecast CAGR (2022-2027): 4.51%
The rising application of machine automation controller in the manufacturing sector to increase the automation efficiency, to boost productivity, and to improve flexibility, aimed towards enhancing the business profitability is driving the market growth. Over the forecast period, the anticipated increase in the demand for machine automation controllers from the energy and power industry, for an efficient distribution of electricity in various end use sectors, is likely to be a major factor boosting the market growth.
In terms of region, the Asia Pacific accounts for a significant share in the market owing to the rising demand for the product from the food and beverage industry to facilitate integrated operations, improve performance, and to boost product consistency.
Industry Definition and Major Segments
Machine automation controller is defined as a device which facilitates a synchronous control in a system by integrating various machinery or devices. Machine automation controller uses analog or digital networking support as high-speed encoder to enable the communication. Furthermore, this controller eradicates the requirement for multiple controllers and sensors to save costs.
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On the basis of controller type, the market can be segmented into:
• Distributed Control System (DCS)
• Programmable Logic Controller (PLC)
• Industrial PC
The significant form factors included in the market are as follows:
• IP65
• IP20
• Others
Based on industry, the market has been classified into:
• Process Industry
o Oil and Gas
o Energy and Power
o Food and Beverages
o Chemicals
o Pharmaceuticals
o Metals and Mining
o Pulp and Paper
o Others
• Discrete Industries
o Automotive
o Aerospace and Defence
o Semiconductors and Electronics
o Medical Devices
The regional markets for machine automation controller include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The key trends in the machine automation controller market include the increasing deployment of the product in the automotive industry owing to the increasing sales of electric cars. In addition to this, the growing adoption of internet of things (IoT) and artificial intelligence in this industry is anticipated to propel the market growth in the coming years.
Moreover, the technological advancements and growing R&D activities in the discrete industries such as aerospace and defence, and semiconductor and electronics sector are anticipated to contribute to the market growth in the forecast period. Furthermore, the rising costs of labour is anticipated to bolster the demand for machine automation controller in the forecast period.
Key Market Players
The major players in the market are Mitsubishi Electric Corporation, ABB Ltd., Siemens AG, Emerson Electric Co., and Honeywell International Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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