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Global Industrial Automation Market Growth Rate, Development Trend and Feasibility Studies 2024

09-25-2017 02:09 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Global Industrial Automation Market - Industry Trends and Forecast to 2024

Global Industrial Automation Market - Industry Trends and Forecast to 2024

The new report "Global Industrial Automation Market" accounted to USD 192.8 billion in 2016 growing at a CAGR of 7.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global Industrial Automation Market By Automation type (Distributed Control System (DCS), Programmable Logic Control Systems (PLC), Machine Vision Systems, Manufacturing Execution Systems (MES), Human Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), Product Lifecycle Management (PLM), Plant Asset Management, Computer Numerical Control (CNC) Routers, and Electronic Control Units (ECU)) By Application (Automotive and Transportation, Metals and Mining, Energy and Power System, Chemical, Material, and Food, Measurement and Instrumentation, Environment and Building Technologies, Heavy Industries, Oil and Gas, Pulp and Paper, and Hydro Power) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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Industrial automation is defined as the amalgamation of all machinery, processing systems, test facilities and factories which became automated because of great technological progress. The latest trend in this market are increased in usage of robots in industries, untapped regions like Asia Pacific shows growth opportunity for the market, recent technological developments in industrial automation will grow the market further.There is need of Industrial automation for several industries like Automotive and Transportation, Metals and Mining, Energy and Power System, Chemical, Material, and Food, Measurement and Instrumentation, Environment and Building Technologies, Heavy Industries, Oil and Gas, Pulp and Paper, and Hydro Powerwill create a huge market for the industrial automation.

Market Segmentation: Global Industrial Automation Market

On the basis of automation type the industrial automation marketis segmented into Distributed Control System (DCS), Programmable Logic Control Systems (PLC), Machine Vision Systems, Manufacturing Execution Systems (MES), Human Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), Product Lifecycle Management (PLM), Plant Asset Management, Computer Numerical Control (CNC) Routers, and Electronic Control Units (ECU). The SCADA market is expected to grow in the forecasted period.

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On the basis of application the industrial automation market is segmented into Automotive and Transportation, Metals and Mining, Energy and Power System, Chemical, Material, and Food, Measurement and Instrumentation, Environment and Building Technologies, Heavy Industries, Oil and Gas, Pulp and Paper, and Hydro Power. The Environment and Building Technologies market is expected to grow in the forecasted period.

Key Drivers: Global Industrial Automation Market

• Growing interest in international competitive shooting
• Increasing use in entertainment gaming
• Health benefits of shooting sports and enhancement of physicaldiscipline to raise demand for global events
• High procurement costs
• Stringent game hunting regulations

Key Points: Global Industrial Automation Market

Some of the major players operating in industrial automation market areABB Ltd, Adept Technology, Bosch, Honeywell Solutions, Emerson Electric, Schneider Electric, Mitsubishi Electric, Yaskawa Electric,Kuka, Nextnine Ltd, General Electric Company, Yokogawa Electric Corporation, Voith GmbH., and FANUCCorporationamong others. In 2017, ABB acquired B&R, a major player in machine and automation. This will help the ABB to strengthen its position in market.

Read more about the Global Industrial Automation Market Visit@ databridgemarketresearch.com/reports/global-industrial-au...

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Data Bridge Market Researchset forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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