Press release
Industrial Control and Factory Automation Market Expected to Grow at Faster Pace in Asia Pacific Region By 2023
Industrial Control Systems
Manufacturing Execution Systems (MES)
Field Devices
Enterprise Resource Planning (ERP)
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The commonly used automation systems include distributed control systems (DCS), SCADA, human machine interface, conveyer belts, programmable logic controllers (PLC), and conveyance systems. Robotic arms are most commonly used in factory automation because of their advantages in handling, better precision, reduction in labor costs, and reduction in the risks of exposure to production hazards.
Currently, America and Europe are the largest markets for industrial control and factory automation, where automation has captured industries such as pharmaceuticals, petrochemicals, chemicals, mining, pulp and paper, oil and gas, and power plants. For increasing the overall revenue, most major players are focusing on industrial segments in Asian market. There are number of industries being setup in Asia Pacific region due to the lower manufacturing cost, huge population base, cheap labor, and beneficial government policies. As a result, industrial control and factory automation market is expected to grow at faster pace in Asia Pacific region. India is also expected to contribute significantly to the industry automation market shares in near future. Big players are taking advantage by collaborating or merging with the regional players to setup their business in Asia Pacific.
Some of the major companies in this industry include ABB (Switzerland), Siemens (Germany), Rockwell Automation (U.S.), Schneider Electric (France), Emerson Process Management (U.S.), Honeywell (U.S.), Yokogawa (Japan), Aspen Technology Inc, Ametek Inc, Omron (Japan), and others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
Browse Full Report@ http://www.transparencymarketresearch.com/industrial-control-factory-automation.html
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Transparency Market Research is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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