Industry Controls and Factory Automation Market Analysis, Size, Share, Growth and Trends by Forecast to 2022

Industry Controls and Factory Automation Global Market - Overview
Industrial controls and factory automations are the advanced technology to control the equipment and machines in the industries. The emergence of the information technology and adoption of the automation technologies has revolutionized the manufacturing sectors. The automation reduces the human intervention, so the human error are reduced which is causing various industrial unit to adopt the automation systems. According to a recent study report published by the Market Research Future, The Global Market of Industry Controls and Factory Automation has been growing since past few years. The market is expected to grow at a rapid pace during the forecast period (2016 – 2021). The Industry Controls and Factory Automation Market is forecasted to demonstrate a stirring growth by 2021, surpassing its previous growth records in terms of value at CAGR of about 4.6% from 2016 to 2021.

Robotics are mostly used in the factory automation and industry control as it leads to advantages in controlling, better precision, reducing assembly time, reduction in labour costs, and reduction in the risk of exposure to production hazards. These are the factors driving the industry control and factory automation market. Additionally, adoption of IOT and advancement in M2M communication technology are factors providing impetus to the growth of the industrial control and factory automation market. Factory automation plays a significant role in reducing energy consumption and increasing operational efficiency, which are the key drivers for the market.

However, lack of skilled professionals who can assist the implementation of automation processes may constraint the growth of the market up to some extent. However, this challenge may get ruled out soon since, industries are offering training programs and certifications to the employees. To shift from traditional manufacturing to smart manufacturing high investment are needed; whereas, due to low profit margin SMEs are can’t arrange funds; limited re-investment opportunities may pose as a restraining factor to the growth of the market. Alternatively, industrial revolution 4.0 would create opportunities in the market.

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Key Players
The key players of Global Industry controls and factory automation Market report include-
• ABB Ltd.,
• Siemens AG,
• Emerson Electric Company,
• Mitsubishi Electric Corporation,
• Schneider Electric Se,
• General Electric Company,
• Omron Corporation,
• Rockwell Automation, Inc.,
• Yokogawa Electric Corporation,
• Nextnine Ltd.

Scope of the report
This study provides an overview of the global electric steering industry, tracking market segments across the categorized four geographic regions. The report provides a five-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, and Rest of the world. The scope of the study segments the global Industry controls and factory automation based on technology, component, and end user.

The emergence of the information technology and adoption of the automation technologies has revolutionized the manufacturing sectors. The automation reduces the human intervention, so the human error are reduced which is causing various industrial unit to adopt the automation systems. Robotics are mostly used in the factory automation and industry control as it leads to advantages in controlling, better precision, reducing assembly time, reduction in labor costs, and reduction in the risk of exposure to production hazards. This are the factors driving the industry control and factory automation market. The global Industry controls and factory automation market is expected to show a growth at CAGR of about 4.6% from 2016 to 2021.

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List Of Figures
Figure 1 Global Industry Controls And Factory Automation Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis Of Global Industry Controls And Factory Automation Market
Figure 4 Value Chain Of Global Industry Controls And Factory Automation Market
Figure 5 Global Industry Controls And Factory Automation Market: By Technology, 2014-2022
Figure 6 Global Industry Controls And Factory Automation Market: By Component, 2014-2022
Figure 7 Global Industry Controls And Factory Automation Market: By End User, 2014-2022
Figure 8 Global Industry Controls And Factory Automation Market: By Region, 2014-2022
Figure 9 North America Industry Controls And Factory Automation Market: By Country, 2016
Figure 10 Europe Industry Controls And Factory Automation Market: By Country, 2016 (%)
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