Global Industrial Control and Factory Automation market in terms of revenue is expected to reach US$244 Billion by 2025 at a CAGR of 7.5% from 2018 to 2025 as per new market research report titled Global Industrial Control and Factory Automation Market (By technology- SCADA, DCS, PAC & RTU, PLM, MES & MOM, electric drives and sensors. By components- cables, industrial robots, control valves, enclosures, machine vision. By end-user-discrete industries, and process industries) – global industry analysis, size, share, growth, trends, and forecast, 2017 – 2025, by Sheer Analytics & Insights Pvt. Ltd.
The increasing demand for better IT software, computers, and other equipment for reducing the human interaction activity in any industry supported the growth of Global industrial control and factory automation market. The industrial control and factory automation market, which was at US$138.8 Billion in 2017, is benefitting owing to their cost-efficient features for increasing the productivity. Moreover, there are various others features of this market such as abolishing errors during production, smoothing the procedures, and augmenting the operational efficiency of a manufacturing industry will make Global industrial control and factory automation market demanding during the estimated period.
Global industrial control and factory automation market is expanding with the increasing adoption of industrial robotics along with the continuous innovation in the robotics technology creates a high growth opportunity for this market in the coming years. It is also noted that growing demand for the internet of things and improved machine to machine communication technology are some of the influencing factors for booming the growth of industrial control and factory automation market. Moreover, with the help of industrial control and factory automation one can easily collect information and data through sensor along with a switching on or off telephone networks is also an important factor which makes the market more demanding. Presently, it is estimated that industrial revolution 4.0 will create a huge growth opportunity for this market in the near future.
In addition to this, rising demand for safety and reliable automation process system in various industries is one of the most important factors which makes the North-America hold the largest share of Global industrial control and factory automation market. Other factors such as increasing investment in improving the technology by the leading players also fuel the demand for this market across the globe. Increasing number of manufacturing industries in Asia -Pacific regions has makes the region second largest market of the industrial control and factory automation market followed by the other regions which include the Middle East & Africa and Latin America.
In the recent market research reports that were published by Sheer Analytics & Insights, Global Industrial Control and Factory Automation market has been segmented based on the technology, components, and end-user. The major end-user of industrial control and factory automation market includes discrete industries and process industries. On the basis of technology, the market is segmented into SCADA, DCS, PAC & RTU, PLM, MES & MOM, electric drives, and sensors. Moving forward, the market is further segmented by components such as cables, industrial robots, control valves, enclosures, and machine vision. Geographically, Global industrial control and factory automation market segmented into North America, Middle East & Africa, Asia-Pacific, and Latin America.
Additive Manufacturing Network is going to be launched by the Siemens A.G. The main features of this technology is to combine the real world with the virtual world. Moreover, it will help the Additive Manufacturing industry for producing creative products and service for new business models.
“As innovation cycles are getting shorter and shorter, companies need to constantly reimagine their products, reinvent manufacturing and rethink business,” said Jan Mrosik, CEO of the Digital Factory Division, Siemens AG.
The major companies in Global Industrial Control and Factory Automation market are as follows, Robert Bosch GmbH, ABB Ltd., Honeywell International Inc., Autodesk Inc. and others.
Global Industrial Control and Factory Automation Market: By Technology
Global Industrial Control and Factory Automation Market: By Components
Global Industrial Control and Factory Automation Market: By End- User
Global Enterprise Software Market: By Geography
Middle East and Africa
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