Industrial Control and Factory Automation Market

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Industrial Control and Factory Automation Market (Component - Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human-machine Interface, Sensors, Industrial 3D Printing; Solution - PLC, SCADA, MES, DCS, PLM and Functional Safety; Industry Vertical - Process Industries and Discrete Industries): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : August, 2020

  • Rep Id : IA00101

  • Category : Industry Automation

  • Status : Published

A recent report published by Infinium Global Research on industrial control and factory automation market provides an in-depth analysis of segments and sub-segments in the global as well as regional industrial control and factory automation market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional industrial control and factory automation market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global industrial control and factory automation market. According to the report, the global industrial control and factory automation market are projected to grow at a CAGR of 8.6% over the forecast period of 2020-2026.

 

Market Insight

Industrial control and factory automation incorporate Industrial automation components, networks, and control system such as computers or robots, and information technologies for handling different processes and machinery. Industrial automation offers effective operation in an industry to replace human intervention. It is the major footstep in the scope of industrialization. Control systems play an important role in major industries such as manufacturing, agriculture, oil and gas, and chemical industry. The control systems combined with improved monitoring of the operating environment in the industry allow for a flexible, efficient and reliable production system. Additionally, the current concerns over the spread of coronavirus are creating a significant impact on industrial control and factory automation in the global market. As the spread of COVID-19 is accelerating, industrial control and factory automation market is experiencing a complete decline from end-user industries. As major end-user industries for factory automation are manufacturing and process industries and the temporary shutdown of production as well as labour issues may hamper the demand for the short term for the automation market. Currently, the medical device industry is under massive pressure to scale up production. Many manufacturers preferring automation in the process to upscale the production and expand the capacity quickly.

 

The emergence of industry 4.0 along with the growing adoption of industrial robots in many manufacturing sectors are driving the demand for Industrial control and factory automation in the manufacturing industry. the focus of automation has shifted to enhancing quality and flexibility in a manufacturing process along with increasing productivity. The benefits offered by industry control and industrial automation such as effective productivity, high quality, flexibility, information security, and safety increase the demand from end user industry Further, implementation of connected enterprises owing to the rising need for mass production to reach increasing consumer demand, will augment the growth of the market. However, high capital investment associated with factory automation hamper the demand of the market. Furthermore, rapid advancement in technology, integration with the AI system and rapid shifting of many industrial processes, factories from mechanization to automation are anticipated to upsurge the demand for industrial control and factory automation market in the forecast period. 

 

Geographically, Asia Pacific held the largest share in the Industrial control and factory automation market in 2019. China is a key revenue generator in the Asia Pacific Industrial control and factory automation market. Growing industrial automation and favorable government initiative for adopting automation will increase demand for industrial control and factory automation market in this region. Furthermore, the presence of leading industrial control and factory automation companies in japan such as Yokogawa, Fuji, and Fanuc are propelling the growth of the market.

 

Segment Covered

The report on global industrial control and factory automation market covers segments such as component, solution, and industry vertical. On the basis of component, the sub-markets include industrial robots, machine vision, control valves, field instruments, human-machine interface, sensors, and industrial 3d printing. On the basis of solution, the sub-markets include PLC, SCADA, MES, DCS, PLM and functional safety. On the basis of industry vertical, the sub-markets include process industries, discrete industries, process industries, and discrete industries.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Siemens AG, ABB Ltd., General Electric Company, Yokogawa Electric Corporation, Honeywell International Inc., Fuji Electric Co., Ltd., Danfoss, Rockwell Automation, Inc., Schneider Electric, Mitsubishi Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of industrial control and factory automation market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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