Industrial Automation Market 2019 Global Size, Research Analysis, Top Leaders, Regional Trends, Business Growth, Segmentation and Opportunity Assessment by 2023

Market Research Future published a research report on “Industrial Automation Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India - February 7, 2019 /MarketersMedia/ —

Industrial Automation Global 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.

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Industry News

August 29, 2018: ABB is all set to enable one of the world’s largest digital substations with the upgrade of one of the biggest air-insulated substations ever built for the Belarus Ministry of Energy and its transmission utility Mogilevenergo. As part of the upgradation, the substation will be equipped with digital technology. ABB will supply control and protection equipment, a digital process bus, and an ABB Ability MicroSCADA system which will enable interoperable communication between vendors through Ethernet cables instead of copper wires.

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.

Global Industrial Automation Market: Segmental Analysis

The global industrial automation market has been segmented on the basis of type, technology, end-users, and region.

• By mode of type, the global industrial automation market has been segmented into programmable automation and fixed automation.
• By mode of technology, the global industrial automation market has been segmented into Supervisory control and data acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Human Machine Interface (HMI), Distributed Control System (DCS), and others.
• By mode of end-users, the global industrial automation market has been segmented into pharmaceuticals, automotive & transportation, food & beverages, machine manufacturing, electric power generation, aerospace & defense, electrical & electronics, chemical, oil & gas, mining & metals, and others.

Regional Insights

Geographically, the industrial automation market spans across regions namely, North America, Asia Pacific, Europe, and Rest-of-the-World (RoW).

Among all the regions, Asia Pacific is anticipated to dominate the global market owing to the growing application areas on a yearly basis. Advancement in technologies along with integration with current manufacturing environment is predicted to stimulate the market growth. Moreover, the presence of manufacturing companies and developing economy of the Asian countries is likely to contribute to the growth of the market during the assessment period.

North America holds the second position owing to the high demand for semiconductor products and manufacturing. Technological advancements in this region is also another major factor stimulating the market growth during the assessment period.

Meanwhile, Europe is anticipated to showcase a positive growth rate during the forecast period due to the increasing automotive and power generation industries in this region.

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Intended Audience

• Process Automation and Instrumentation Manufacturers
• Industrial Robot Manufacturers
• MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
• System Integrator

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com

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