Press release
Industry controls and factory automation Market 2018 Global Leader ABB Ltd., Siemens AG, Emerson Electric Company, Mitsubishi Electric Corporation, Schneider Electric Se, General Electric Company
Industry Controls and Factory Automation Global Market - OverviewIndustrial 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.
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, and Nextnine Ltd.
Competitive Analysis
The Industry Controls and Factory Automation market appears to be highly competitive and fragmented owing to the presence of several well established and small key players accounting for a substantial market share. These key players compete based on pricing, innovation and service. Well established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch in order to gain competitive advantage in this market and to maintain their market position. Expansion in emerging market is helping those established key players to extend their sales networks.
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TABLE OF CONTENTS
1. REPORT PROLOGUE
2. INTRODUCTION
2.1. DEFINITION
2.2. SCOPE OF THE STUDY
2.2.1. RESEARCH OBJECTIVE
2.2.2. ASSUMPTIONS
2.2.3. LIMITATIONS
2.3. MARKET STRUCTURE
2.4. MARKET SEGMENTATION
3. RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. FORECAST MODEL
4. MARKET DYNAMICS
4.1. DRIVERS & OPPORTUNITIES
4.2. CHALLENGES & RESTRAINTS
4.3. VALUE CHAIN ANALYSIS
4.4. PORTER’S FIVE FORCES ANALYSIS
5. INDUSTRY CONTROLS AND FACTORY AUTOMATION MARKET, BY Technology
Continue……………
About US
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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