Industrial control and factory
automation equipments are implemented for reducing the human interaction in the
process. This helps in reducing the production and labor costs and increasing
the production output. The industrial control and factory automation market is
segmented, based on type as follows: - Industrial Control Systems
- Manufacturing Execution Systems (MES)
- Field Devices
- Enterprise Resource Planning (ERP)
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The commonly used automation systems
include distributed control systems (DCS), SCADA, human machine interface,
conveyer belts, programmable logic controllers (PLC), and conveyance systems.
Robotic arms are most commonly used in factory automation because of their
advantages in handling, better precision, reduction in labor costs, and
reduction in the risks of exposure to production hazards.
Currently, America and Europe are
the largest markets for industrial control and factory automation, where
automation has captured industries such as pharmaceuticals, petrochemicals,
chemicals, mining, pulp and paper, oil and gas, and power plants. For
increasing the overall revenue, most major players are focusing on industrial
segments in Asian market. There are number of industries being setup in Asia
Pacific region due to the lower manufacturing cost, huge population base, cheap
labor, and beneficial government policies. As a result, industrial control and
factory automation market is expected to grow at faster pace in Asia Pacific
region. India is also expected to contribute significantly to the industry
automation market shares in near future. Big players are taking advantage by
collaborating or merging with the regional players to setup their business in
Asia Pacific.
Some of the major companies in this
industry include ABB (Switzerland), Siemens (Germany), Rockwell Automation
(U.S.), Schneider Electric (France), Emerson Process Management (U.S.),
Honeywell (U.S.), Yokogawa (Japan), Aspen Technology Inc, Ametek Inc, Omron
(Japan), and others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
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- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
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