Market Research Future published a research report on “Industrial Automation Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
In this rapidly changing environment, companies are expanding their scale of operations by increasing investments. In industrial automation innovation is very beneficial. Industrial automation has become worldwide. Different countries are exploring ways for industrial automation. Robotics in industrial automation has established a trend in industrial automation.
Internet of things (IoT) is considered as a major component with respect to industrial automation therefore industries adopting Internet of Things which has increased the demand for industrial automation. There was a recent report from the United Nation about the industrial automation which stated that there are high chances that industrial automation would disrupt the labor market. This has become a threat for industrial automation.
The Industrial Automation Market is growing rapidly over 6% of CAGR and is expected to reach at USD 149 billion by the end of forecast period. Cost reduction, high efficiency in the process and ability to provide the overall information and initiate early stage development for the products are the major driving factors of this market.
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The prominent players in the industrial automation market are- Siemens AG (Germany), ABB Ltd. (Switzerland), Emerson Electric Company (U.S.), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yokogawa Electric (Japan), and Rockwell Automation, Inc. (U.S.) among others.
Industrial Automation Global Market – Segmentation
- Segmentation by Type: Fixed Automation and Programmable Automation
- Segmentation by Technology: Supervisory control and data acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), Human Machine Interface (HMI) among others
- Segmentation by End Users: Machine manufacturing, Oil & gas, Aerospace & defense, Electrical & electronics, Automotive & transportation, Chemical, Pharmaceuticals, Mining & metals, Food & beverages and Electric power generation
Industrial Automation Global Market – Regional Analysis
Asia Pacific region is dominating the market of industrial automation on the global level. The market is growing with positive YoY rate and is expected to do so. Increasing application areas on yearly basis and advancement in technology and integration with current manufacturing environment is driving the market on global scale. Also, rich presence of manufacturing companies and developing economy of Asian countries is playing major role in the market growth. North America stands as second largest market due to the high demand for semiconductor products and manufacturing. Technological advancement in North American countries is also one of the important factor supporting the market growth in North America. Europe on the other hand is showing positive growth rate towards the adoption of automation control systems. Growing automotive and power generation industries are key driver for the market growth.
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- Process Automation and Instrumentation Manufacturers
- Industrial Robot Manufacturers
- MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
- System Integrators
- Government Organizations
- Research/Consultancy firms
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