Industrial Automation Market Size And Scope, Product Estimate A

• Posted by nisha dhawale October 12, 2021 - Filed in Technology - #Industrial Automation Market Size  #Industrial Automation Market Share  - 544 views

  Summary:

  A new study title” Industrial Automation market size, status and forecast 2027” has been featured on market research future.

   

  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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  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.

   

  Segments:

   

  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

   

  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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  Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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