Press release
Industrial Automation Market to Reach a Valuation of US$352.02 bn by 2024: Reduced Time and Cost Spell Positive Outlook
Industrial automation refers to application of various control systems to operate equipment in factoris or other manufacturing units. Today, industrial automation is used for operating several factories, machinery, heat treating boilers and ovens, steering and ship stabilization, switching on telecom networks, aircrafts and related applications, and automotive assemblies. Over several years and with incredible investment in research and development, the global industrial automation market has evolved to reduce the burden of labor on humans.
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 global market is poised to grow at a substantial rate during the forecast period because of the growing economy across the globe.
Get the sample copy of this report : https://www.marketresearchreports.biz/sample/sample/910643
Global Industrial Automation Market: Drivers and Trends
The strong growth in the CNC technology segment is driving the global growth of the industrial automation market, especially in the Asia Pacific and Europe region. Industrial automated products are manufactured in large varieties, each differing from another based on automation type, instrumentation, flow computers, analyzers, operation, and geography. The industrial automation market has been globally emerging to be a relatively more attractive space for investment by organizations across the world. The usage of robots in industrial controller mechanisms is an established trend. Thus it paves the way for larger adoption of the industrial control and industrial automation equipment. In spite of this, the development of the global industrial automation market is affected with massive threats in some regions all over the world, considering the fact that the method caters to human labor replacement with machines and computers.
Global Industrial Automation Market: Restraints
The decreasing human interface in many of the processes is resulting in loss of jobs in many of the industries which in turn is hindering the growing adoption of industrial adoption systems. However, with several innovative studies revealing the ability of industrial automation to generate jobs in the other ancillary segments, such as after-sales services, automation system installation, and software development for the management of industrial automation, some concerns are dispelled.
Get the TOC of this report here : https://www.marketresearchreports.biz/reports/910643/industrial-automation-global-industry-market-research-reports/toc
Global Industrial Automation Market: Opportunities
The largely used parts in this market are actuators, proximity sensors, flow meters, servo and DC motors, industrial communication systems, and robotic arms. Escalating frequency of factories is moving ahead along the automation path, and the incidence of automation devices such as PLCs, PCs, and PACs will become even more common in the coming years. While the opportunities for industrial automation branched from the developed economies of the west, it is presently taking industrial units of the Asia and South America regions by storm. Factor owners look out for factors such as quicker response time and faster output when they invest in factory automation.
Global Industrial Automation Market: Segmentation
On the basis of various automation types, the global industrial automation market is segmented into distributed control system (DCS), programmable logic control system (PLC), machine vision system, manufacturing execution system (MES), human machine interface (HMI), supervisory control and data acquisition (SCADA), product lifecycle management (PLM), plant asset management, computer numerical control (CNC) routers, electronic control units (ECU),and other types. Among the automation type segments, the PLM segment constituted the biggest market share, followed by MES, in 2014. On the basis of end use industries, the global industrial automation market is segmented into automation and transportation, metals and mining, oil and gas, pulp and paper, hydro power, energy and power system, chemical, material and food, measurement and instrumentation. There is rapid growth in demand in the environment and building technologies, heavy industries, and other segments. The global market for energy and power systems is one of the major factors that are driving the demand for industrial automation industry, globally.
View full report here : https://www.marketresearchreports.biz/reports/910643/industrial-automation-global-industry-market-research-reports
Global Industrial Automation Market: Regional Outlook
In terms of regions, the global industrial automation market has been segregated into five geographical zones: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), andSouth America. Currently, Europe holds the major share of the market, followed by Asia Pacific, North America, Middle East and Africa, and South America. The Asia Pacific region is anticipated to grow swiftly with rise in trade with North America and Europe.
Key Players Mentioned in this Report are:
Key players profiled in this report are ABB Ltd., Honeywell International Inc., FANUC Corporation, Yaskawa Electric Corporation, Toshiba Machine Corporation Ltd., Yokogawa Electric Corporation, Emerson Electric Company, General Electric Company, Rockwell Automation, Inc., Mitsubishi Electric Corporation, and Voith GmbH.
The segments covered in the global Industrial Automation market are as follows:
Global Industrial Automation Market: By Automation Type
Distributed Control System (DCS)
Programmable Logic Control System (PLC)
Machine Vision System
Manufacturing Execution System (MES)
Human Machine Interface (HMI)
Supervisory Control and Data Acquisition (SCADA)
Product Lifecycle Management (PLM)
Plant Asset Management
Computer Numerical Control (CNC) routers
Electronic Control Units (ECU)
Others
Global Industrial Automation Market: By Industry
Automation and Transportation
Metals and Mining
Oil and Gas
Pulp and Paper
Hydro power
Energy and Power System
Chemical, Material and Food
Measurement and Instrumentation
Global Industrial Automation Market: By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Rest of Europe
Asia Pacific
South East Asia and India
China
Rest of Asia Pacific
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of Latin America
MRRbiz supports your business intelligence needs with over 700,000 market research reports, company profiles, data books, and regional market data sheets in its repository. Our document database is updated by the hour, which means that you always have access to fresh data spanning over 300 industries and their sub-segments.
State Tower
90 State Street, Suite 700
Albany, NY 12207
United States
Toll Free: 866-997-4948
(USA-Canada)
Tel: +1-518-621-2074
E: sales@marketresearchreports.biz
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Automation Market to Reach a Valuation of US$352.02 bn by 2024: Reduced Time and Cost Spell Positive Outlook here
News-ID: 902421 • Views: …
More Releases from MarketResearchReports.biz
Hydro-flyers Market: Moving Towards a Brighter Future
A hydro-flyer is an adventure sporting device which uses the propulsion of water jet technology to create continuous flight movement, where the lift and movement are controlled by the flyer. Hydro-flyers sporting devices make use of the flow of water power to drive the flyer to reach soaring heights. The rise in water sporting facilities is one of the major factors that promote the growth and demand for hydro-flyers in…
Outdoor Floodlights: Technology and Market Dynamics
Outdoor floodlights is a reliable, highly efficient, and economical solution for a wide range of outdoor applications. These lights are resistant to temperature fluctuations and they remain stable even in extreme climatic conditions. Unlike the traditional lights, floodlights remain stable and functional even in harsh climatic conditions. This makes them ideal for use in any climate and any outdoor application. Outdoor floodlights save a significant amount of energy and consume…
Snow Helmets Market Future Prospects and Regional Outlook
Riders are riding faster and getting bolder day by day. Hence, safety equipment need to be updated as per the requirement and changing time. Earlier, helmets were primarily used by extreme skiers and racers. They were used only on slopes. However, later, the use of helmets was made compulsory. Earlier, bulky black helmets were used by riders, which are outdated at present. Currently, new stylish helmets that can match with…
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Sparkling water dispensers are equipment used for dispensing carbonated water. These dispensers mix the still, filtered water with carbon dioxide before dispensing. Sparkling water dispensers are mostly used in households and commercial establishments such as amusement parks, hotels, restaurants, and sports arenas. A sparkling water dispenser has separate outlets for hot water and cold water. The hot water outlet does not require a separate filtration process. However, cold water is…
More Releases for Industrial
Global Industrial Uavs Market, Global Industrial Uavs Industry, Global Industria …
The Industrial Uavs market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Industrial Uavs Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Industrial Uavs market. The report focuses on well-known providers in the global…
RDM Industrial Products - Laboratory and Industrial Furniture Supplier
RDM Industrial Products Inc. is one of the most reputed and leading laboratory and industrial furniture solutions supplier and manufacturer. The company was established in 1977 and has been serving their growing clientele proudly for over 40 years. Their quality products cater to industries including healthcare, electronics, biotechnology, laboratory, industrial and more. The company is based out of California and their shipments are done all across the globe. QUALITY-SERVICE-TIMING are…
Industrial Fasteners Market # industrial fasteners and supply # industrial faste …
An insightful study, titled “Global Industrial Fasteners Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.
Get…
Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Indu …
Researchmoz added Most up-to-date research on "Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Industrial PC, Box Industrial PC And Embedded Industrial PC" to its huge collection of research reports.
Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is…
Industrial Machinery & Industrial Equipment Production Market Research Report
Latest industry research report on: Global and United States Industrial Machinery & Industrial Equipment Production Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the Industrial Machinery & Industrial Equipment Production market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and…
Industrial PC Market By Type - Panel Industrial PC, Box Industrial PC, Embedded …
Albany, NY, 19th September : Recent research and the current scenario as well as future market potential of "Recent research and the current scenario as well as future market potential of "" globally." globally.
Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is simply used…
