Press release
Industrial Automation Market 2020 Global Key Players Analysis: Mitsubishi Electric, Yokogawa Electric, Rockwell Automation, Ametek, Fanuc, Siemens AG, ABB
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.
Market Insight
The industrial automation market is gaining considerable traction as the manufacturing sector is in the state of transformation in the current year and will continue in the years to come. Upon this, Market Research Future conducted a study on the global Industrial Automation Market and stated that the market is anticipated to exhibit a CAGR of 9.35% during the forecast period (2018 to 2023). Also, the market would surpass USD 128.63 billion in revenues with the need for a shift from manual assistance to automation, which gave birth to industrial automation.
Market Drivers & Trends
In the current scenario, most of the modern large-scale manufacturing operations are automated with bare minimum human intervention. As the need for meeting the current requirements, industrial automation is going sky high. It has become imperative in the manufacturing industry across the verticals to maintain vulnerability and real-time applications. The companies are employing the system for smooth operations with the help of the introduction of favorable policies towards the manufacturing sector, which has motivated the market to flourish its growth during the assessment period.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2212
Apart from this, an increased focus on economic diversification in emerging markets are chiefly considered to be the key factors driving industrial automation. Industrial automation has multifarious roles such as being cost-effective and optimized production that has sped up its adoption in the various developed region of the world. As an add on, the embracement of the fourth industrial revolution, industry 4.0, is yet another factor driving the propagation of the industrial automation market to the further years. The industry players from diverse sectors have implemented industry 4.0 standards, and the trend is on, which in turn, has anticipated the market to perpetuate over the next few years.
Furthermore, the extended support in favor of automation by the governments in various country-level markets has trajected the growth of the industrial automation market, which would lead the valuation to surpass from the present to go extendedly during the assessment period.
Key Players
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), Ametek, Inc. (U.S.), Rockwell Automation, Inc. (U.S.) and Fanuc (Japan)
Industry Segmentation
MRFR’s study also includes a review on the basis of the market for industrial automation market and offers an analysis of segmentation by type, technology, and end-user.
In terms of type, this market segment includes fixed automation and programmable automation. The fixed automation segment is currently leading the market, and programmable automation is probable to record a relatively higher CAGR during the review period.
In terms of technology, this market segment includes supervisory control & data acquisition, Distributed Control System (DCS), Programmable Logic Controller (PLC), Human Machine Interface (HMI), and Programmable Automation Controller (PAC). Among these, the Programmable Logic Controller (PLC) segment has a leading share of the market and produced the highest revenue of USD 36.79 Bn in 2017.
In terms of end-user, the market includes segments such as machine manufacturing, oil & gas, aerospace & defense, electrical & electronics, automotive & transportation, mining & metals, food & beverage, pharmaceuticals, and others. Among these, the automotive & transportation segment has a leading share of the market presently and is estimated to observe significant growth over the next few years. In the interim, food & beverage segment is probable to record a relatively higher CAGR of 12.34% over the forecast period.
Detailed Regional Outlook
Regional-specific analysis of industry automation market has been studying under the regions of Asia Pacific, North America, Europe, and the Rest of the World.
Europe’s market is acknowledged to have the largest market share for industrial automation. As Germany is one of the main regions here, it is likely to retain its pole position towards the end of 2023.
Asia Pacific is set to record a relatively higher CAGR of 11.39% during the estimated period attributing to the factors such as embracement of digitalization, development of the robotic sector, adoption of automation by electronics & electrical industry. These factors are thus giving a boost in the manufacturing industry, and advancements in sensor technologies, among others.
North America’s market is slated on an important growth graph and is likely to remain highly lucrative market through the review period with the expansion of the market, presence of key players, adoption of industry 4.0 standards for smart industries, growing demand for industrial robots, and mounting automotive manufacturing plants.
In the last is the Rest of the World that resonates substantial growth opportunities. The Middle East is an emerging market for industrial automation due to the adoption of automation in Saudi Arabia, the U.A.E., Oman, and Iran. Also, the thriving automotive and food industry in Africa has paved ways for accelerated adoption of automation.
Get Complete Report @ https://www.marketresearchfuture.com/reports/industrial-automation-market-2212
Intended Audience
• 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
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Insight
The industrial automation market is gaining considerable traction as the manufacturing sector is in the state of transformation in the current year and will continue in the years to come. Upon this, Market Research Future conducted a study on the global Industrial Automation Market and stated that the market is anticipated to exhibit a CAGR of 9.35% during the forecast period (2018 to 2023). Also, the market would surpass USD 128.63 billion in revenues with the need for a shift from manual assistance to automation, which gave birth to industrial automation.
Market Drivers & Trends
In the current scenario, most of the modern large-scale manufacturing operations are automated with bare minimum human intervention. As the need for meeting the current requirements, industrial automation is going sky high. It has become imperative in the manufacturing industry across the verticals to maintain vulnerability and real-time applications. The companies are employing the system for smooth operations with the help of the introduction of favorable policies towards the manufacturing sector, which has motivated the market to flourish its growth during the assessment period.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2212
Apart from this, an increased focus on economic diversification in emerging markets are chiefly considered to be the key factors driving industrial automation. Industrial automation has multifarious roles such as being cost-effective and optimized production that has sped up its adoption in the various developed region of the world. As an add on, the embracement of the fourth industrial revolution, industry 4.0, is yet another factor driving the propagation of the industrial automation market to the further years. The industry players from diverse sectors have implemented industry 4.0 standards, and the trend is on, which in turn, has anticipated the market to perpetuate over the next few years.
Furthermore, the extended support in favor of automation by the governments in various country-level markets has trajected the growth of the industrial automation market, which would lead the valuation to surpass from the present to go extendedly during the assessment period.
Key Players
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), Ametek, Inc. (U.S.), Rockwell Automation, Inc. (U.S.) and Fanuc (Japan)
Industry Segmentation
MRFR’s study also includes a review on the basis of the market for industrial automation market and offers an analysis of segmentation by type, technology, and end-user.
In terms of type, this market segment includes fixed automation and programmable automation. The fixed automation segment is currently leading the market, and programmable automation is probable to record a relatively higher CAGR during the review period.
In terms of technology, this market segment includes supervisory control & data acquisition, Distributed Control System (DCS), Programmable Logic Controller (PLC), Human Machine Interface (HMI), and Programmable Automation Controller (PAC). Among these, the Programmable Logic Controller (PLC) segment has a leading share of the market and produced the highest revenue of USD 36.79 Bn in 2017.
In terms of end-user, the market includes segments such as machine manufacturing, oil & gas, aerospace & defense, electrical & electronics, automotive & transportation, mining & metals, food & beverage, pharmaceuticals, and others. Among these, the automotive & transportation segment has a leading share of the market presently and is estimated to observe significant growth over the next few years. In the interim, food & beverage segment is probable to record a relatively higher CAGR of 12.34% over the forecast period.
Detailed Regional Outlook
Regional-specific analysis of industry automation market has been studying under the regions of Asia Pacific, North America, Europe, and the Rest of the World.
Europe’s market is acknowledged to have the largest market share for industrial automation. As Germany is one of the main regions here, it is likely to retain its pole position towards the end of 2023.
Asia Pacific is set to record a relatively higher CAGR of 11.39% during the estimated period attributing to the factors such as embracement of digitalization, development of the robotic sector, adoption of automation by electronics & electrical industry. These factors are thus giving a boost in the manufacturing industry, and advancements in sensor technologies, among others.
North America’s market is slated on an important growth graph and is likely to remain highly lucrative market through the review period with the expansion of the market, presence of key players, adoption of industry 4.0 standards for smart industries, growing demand for industrial robots, and mounting automotive manufacturing plants.
In the last is the Rest of the World that resonates substantial growth opportunities. The Middle East is an emerging market for industrial automation due to the adoption of automation in Saudi Arabia, the U.A.E., Oman, and Iran. Also, the thriving automotive and food industry in Africa has paved ways for accelerated adoption of automation.
Get Complete Report @ https://www.marketresearchfuture.com/reports/industrial-automation-market-2212
Intended Audience
• 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
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
