Global Industrial Automation Market: Overview
Industrial automation is defined as the amalgamation of all machinery, processing systems, test facilities and factories which became automated because of great technological progress. The global market is poised to grow at a substantial rate during the forecast period because of the growing economy across the globe.
Global Industrial Automation Market: Drivers and Trends
The industrial automation market has been globally emerging to be a relatively more attractive space for investment by organizations across the world. The usage of robots in industrial controller mechanisms is an established trend.Thus it paves the way for larger adoption of the industrial control and industrial automation equipment. In spite of this, the development of the global industrial automation market is affected with massive threats in some regions all over the world, considering the fact that the method caters to human labor replacement with machines and computers.
Global Industrial Automation Market: RestraintsThe decreasing human interface in many of the processes is resulting in loss of jobs in many of the industries which in turn is hindering the growing adoption of industrial adoption systems. However, with several innovative studies revealing the ability of industrial automation to generate jobs in the other ancillary segments, such as after-sales services, automation system installation, and software development for the management of industrial automation, some concerns are dispelled.
Global Industrial Automation Market: Opportunities
Global Industrial Automation Market: Segmentation
On the basis of various automation types, the global industrial automation market is segmented into distributed control system (DCS), programmable logic control system (PLC), machine vision system, manufacturing execution system (MES), human machine interface (HMI), supervisory control and data acquisition (SCADA), product lifecycle management (PLM), plant asset management, computer numerical control (CNC) routers, electronic control units (ECU),and other types.Among the automation type segments, the PLM segment constituted the biggest market share, followed by MES, in 2014. On the basis of end use industries, the global industrial automation market is segmented into automation and transportation, metals and mining, oil and gas, pulp and paper, hydro power, energy and power system, chemical, material and food, measurement and instrumentation.
Global Industrial Automation Market: Regional Outlook
In terms of regions, the global industrial automation market has been segregated into five geographical zones: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), andSouth America. Currently, Europe holds the major share of the market, followed by Asia Pacific, North America, Middle East and Africa, and South America. The Asia Pacific region is anticipated to grow swiftly with rise in trade with North America and Europe.
Key Players Mentioned in this Report are:
Key players profiled in this report are ABB Ltd., Honeywell International Inc., FANUC Corporation, Yaskawa Electric Corporation, Toshiba Machine Corporation Ltd., Yokogawa Electric Corporation, Emerson Electric Company, General Electric Company, Rockwell Automation, Inc., Mitsubishi Electric Corporation, and Voith GmbH.
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