Industrial Control and Factory Automation Market 2017, New Platform, Future Analysis 2023

Industrial control and factory automation system is an automated or manually driven system that controls various operations in manufacturing plants using control system. It performs operations, such as opening and closing valves and monitoring the local environment for alarm conditions. Switching on telephone networks and collecting data from sensor systems is possible with the help of industrial control and factory automation system. The primary benefit of the system is minimal use of labor, energy, and materials in factory. It also improves quality, precision, & accuracy.

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Adoption of IOT and advancement in M2M communication technology are factors propelling the growth of the industrial control and factory automation market. However, lack of skilled professionals and requirement of high investment to shift from traditional manufacturing to smart manufacturing are factors restraining the growth of the market. On the other hand, industrial revolution 4.0 would create opportunities in the market.

KEY MARKET SEGMENTS:

By Technology
• SCADA
• PLC & RTU
• DCS
• MES
• HMI
• Safety

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By Component
• Industrial Robot
• Machine Vision
• Valve
• Control Device
• Field Instrument

By Industry
• Discrete
• Process

By Geography
• North America
• South America
• Asia-Pacific
• Europe
• Latin America, Middle East and Africa (LAMEA)

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KEY MARKET PLAYERS:

• Siemens AG
• Rockwell Automation
• ABB Ltd.
• Schneider Electric
• General Electric
• Emerson Electric Corporation
• Honeywell International Inc.
• Mitsubishi Electric
• Yokogawa
• Johnson Controls

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