Global Industrial Automation Market Size worth USD 356.25 Million with A CAGR Of 4.4% during the Forecast Period, 2021–2027
SUMMERY:
Market Research Future published a research report on “Global Industrial
Automation Market Research Report- Global Forecast 2027” – Market Analysis,
Scope, Stake, Progress, Trends and Forecast to 2027.
Market Overview
Industrial automation is a new technology which is widely being used in
manufacturing sectors and can be defined as computer aided control devices
which helps to control the operations and eliminate human involvement.
Industrial automation has proven to be very effective in the mass production
and where the quality needs to be maximized. Industrial automation involves
integration of various components such as sensors, automation control system at
different levels such as sensor level, automation level, supervision level and
enterprise level. The sensor level is also known as the process level where the
various kind so sensors are used for getting the values on continuous basis.
Automation level majorly uses different embedded processors and algorithms to
manage and control the process. Industrial automation includes systems such as
SCADA and HMI for the various manufacturing process.
Increasing global demand for efficient production system is pushing the
industry players to emphasize on the development of new manufacturing process
which is more efficient and maximises the output. Also, various development in
field of IoT and development of new engineering technologies is also playing
vital role in the growth of global market.
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
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Key Players
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), Ametek, Inc. (U.S.), Rockwell Automation, Inc.
(U.S.) and Fanuc (Japan) among others are some of the prominent players
profiled in MRFR Analysis and are at the forefront of competition in the global
Industrial Automation market. Industrial Automation have wide range of
application in several industries including oil & gas, aerospace &
defense, electrical & electronics, automotive & transportation,
chemical, pharmaceuticals, mining & metals, food & beverages and
electric power generation among others.
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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Report https://www.marketresearchfuture.com/reports/industrial-automation-market-2212
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