Press release
Globally Market Outlook : Automation Control Market Expected To Reach at a CAGR of 5.22% by Revenue During the Period 2017-2021
Market Research Report
About Automation Control Market for Material Handling
Material handling application uses various equipment for operations, which need automation control and monitoring for effective functioning. Automation control solutions allow end-user industries to exercise better control over material handling. Automation control solutions help to reduce errors, decrease cycle time, and streamline processes. Other key benefits are better control during operation and higher energy efficiency.
The global industrial automation and control market considers under its scope, the sales revenue from implementations of PLCs and DCSs, including hardware components such as drives and sensors. In recent years, industrial automation and control have been associated with an increase in the adoption of smart devices, such as sensors, for efficient data collection and conversion of data into information. Adoption of industrial automation and control has been steady in both process and discrete industries, globally, over the last five years. The industrial automation and control market is expected to show increased growth momentum in developing economies such as India, China, Mexico, and Indonesia over the forecast period.
Technavios analysts forecast the global automation control market for material handling to grow at a CAGR of 5.22% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global automation control market for material handling for 2017-2021. To calculate the market size, the report considers the sales and services of hardware and software solutions. Services include installation and maintenance.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Automation Control Market for Material Handling 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
Emerson
Honeywell
Rockwell Automation
Siemens
Other prominent vendors
Accord Technologies
Analog Devices
CAN-ENG Furnaces International
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Market driver
Low cost of sensors and transmitters
For a full, detailed list, view our report
Market challenge
Interoperability challenges
For a full, detailed list, view our report
Market trend
Integration of IoT to reduce operational cost
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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