Industrial Automation Market Size, Share and Forecast 2026
The Global Industrial Automation market was worth USD XX million in 2018 and is projected to rise at an impressive CAGR of XX% to reach the market value of USD XX million by 2026.
(EMAILWIRE.COM, September 05, 2019 ) Market Overview
• Industrial automation is defined as the use of automatic control devices and technology that results in the electronic control and operation of industrial processes without human interference and achieving superior performance than manual control used in various industries by using robotics and computer software.
• Industrial Automation is the replacement of humans with computers and machines. These automation devices include PCs, PLCs, PACs, and technologies include various industrial communication systems.
Market Dynamics
• The principal characteristics of Industrial Automation such as increased productivity, less wastage, increased level of safety, optimum cost of operation, reduction of human errors, enhanced product quality, and reduction of routine checks are boosting the market.
• Below statistic illustrates the information about the global factory automation market from 2017 to 2021. The global market for comprehensive factory automation is expected to propel by 3.5 % between 2019 and 2020.
• Few drawbacks of industrial automation are its installation and maintenance is very expensive, and opposition to industrialization by union people due to loss of employment is hindering the growth of the market.
Market Segmentation
• Based on technology, the global industrial automation market has been segmented into supervisory control and data acquisition, human-machine interface, distributed control system, and others. Distributed control system occupied the dominant market share.
• The distributed control system handles the entire control system of a single automation system and the benefit of reducing the downtime and improve the production by using optimal resources.
• Additionally, the distributed control system is used in the application of oil & gas industry benefits in increasing the exploration activities in oil fields. In addition to this, it also benefits the manufacturing plants by simplifying complex operations, ensuring decision integrity, and improving productivity.
• By mode of application, the global industrial automation market has been segmented into food & beverages, pharmaceuticals, automotive & transportation, machine manufacturing, aerospace, and others. Automotive & transportation hold a significant market share.
• This trend is estimated to continue during the forecast period. Increase in the use of automated systems by the industry players is majorly driving the market in the automotive and transportation sector.
Geographical Analysis
This report segments the market by geographic region which includes
• North America,
• South America,
• Europe,
• Asia-Pacific,
• ROW.
Competitive Trends
• Prominent players in global Industrial Automation market are ABB Ltd, Bosch, Honeywell Solutions, FANUC Corporation, Emerson Electric, Voith GmbH, Schneider Electric, Mitsubishi Electric, Rockwell Automation Inc., Toshiba Machine Corporation Ltd, Yaskawa Electric, Yokogawa Electric Corporation, General Electric, and others.
• Most of these companies are making a massive investment in designing various cover glasses using different techniques. Product launches, partnerships, and expansions are expected some of the strategies adopted by players to increase the market share.
• For instance, in July 2018, GE joined with Microsoft Corporation to bring together information technology and operation technology to eliminate hurdles industrial companies face in advancing digital transformation projects.
Key Takeaways
• In April 2017, ABB joined IBM for industrial artificial intelligence solutions to improve the production lines by identifying critical faults during the manufacturing process.
View full sample: https://www.datamintelligence.com/research-report/industrial-automation-market
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About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
• Industrial automation is defined as the use of automatic control devices and technology that results in the electronic control and operation of industrial processes without human interference and achieving superior performance than manual control used in various industries by using robotics and computer software.
• Industrial Automation is the replacement of humans with computers and machines. These automation devices include PCs, PLCs, PACs, and technologies include various industrial communication systems.
Market Dynamics
• The principal characteristics of Industrial Automation such as increased productivity, less wastage, increased level of safety, optimum cost of operation, reduction of human errors, enhanced product quality, and reduction of routine checks are boosting the market.
• Below statistic illustrates the information about the global factory automation market from 2017 to 2021. The global market for comprehensive factory automation is expected to propel by 3.5 % between 2019 and 2020.
• Few drawbacks of industrial automation are its installation and maintenance is very expensive, and opposition to industrialization by union people due to loss of employment is hindering the growth of the market.
Market Segmentation
• Based on technology, the global industrial automation market has been segmented into supervisory control and data acquisition, human-machine interface, distributed control system, and others. Distributed control system occupied the dominant market share.
• The distributed control system handles the entire control system of a single automation system and the benefit of reducing the downtime and improve the production by using optimal resources.
• Additionally, the distributed control system is used in the application of oil & gas industry benefits in increasing the exploration activities in oil fields. In addition to this, it also benefits the manufacturing plants by simplifying complex operations, ensuring decision integrity, and improving productivity.
• By mode of application, the global industrial automation market has been segmented into food & beverages, pharmaceuticals, automotive & transportation, machine manufacturing, aerospace, and others. Automotive & transportation hold a significant market share.
• This trend is estimated to continue during the forecast period. Increase in the use of automated systems by the industry players is majorly driving the market in the automotive and transportation sector.
Geographical Analysis
This report segments the market by geographic region which includes
• North America,
• South America,
• Europe,
• Asia-Pacific,
• ROW.
Competitive Trends
• Prominent players in global Industrial Automation market are ABB Ltd, Bosch, Honeywell Solutions, FANUC Corporation, Emerson Electric, Voith GmbH, Schneider Electric, Mitsubishi Electric, Rockwell Automation Inc., Toshiba Machine Corporation Ltd, Yaskawa Electric, Yokogawa Electric Corporation, General Electric, and others.
• Most of these companies are making a massive investment in designing various cover glasses using different techniques. Product launches, partnerships, and expansions are expected some of the strategies adopted by players to increase the market share.
• For instance, in July 2018, GE joined with Microsoft Corporation to bring together information technology and operation technology to eliminate hurdles industrial companies face in advancing digital transformation projects.
Key Takeaways
• In April 2017, ABB joined IBM for industrial artificial intelligence solutions to improve the production lines by identifying critical faults during the manufacturing process.
View full sample: https://www.datamintelligence.com/research-report/industrial-automation-market
Download free sample : https://www.datamintelligence.com/download-sample/industrial-automation-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results