Global Factory Automation and Industrial Controls Market - By Products (Field Devices, Industrial Control Systems, Manufacturing Execution Systems,Enterprise Resource Planning, Product Lifecycle Management ), Industry, Geography, Trends, Forecast - (2017 - 2022)

Published - Jan 2017 | Category - Automobile & Transportation | No. of Pages - 104 | Published By - Mordor Intelligence

Report Highlights

The global factory automation and industrial controls market has been estimated at USD 210.46 billion in 2016 and is projected to reach USD 316.38 billion by 2022, at a CAGR of 7.03% during the forecast period, 2017 to 2022.

Automation refers to the integration of mechanical systems with IT technology. These systems are utilized to standardize reliable production systems. Effortless monitoring, reduction of waste and optimization of the production process are distinct advantages possessed by the automation systems, in comparison to the conventional manual labor. The use of advanced technology offers the customers an enhanced quality and standardization of dependable products at much lower costs, within a limited time frame.

With the advent of industrial Internet of Things, the next industrial revolution has created a connected environment and offers complete operational visibility to facilitate real-time decisions. This performance enhancement of the automation systems has led to a drastic improvement in the industrial sector with research indicating a revenue growth by almost 70% and an increased productivity of the workforce by 30%. The world leaders in factory automation are fueling the connected enterprise strategies, as the industry is moving towards increased usage of IoT applications. The deployment of smarter manufacturing infrastructure, which is based on IoT techniques, helps companies establish and maintain a wealth of knowledge across control methods, manufacturing and business processes.

 

The factory automation and industrial control units are prominently found in the automotive industry, which occupies the highest share in the global market. Rise in the volume of automobile production units across the developing countries in the APAC region has consequently led to an increase in the adoption of automation and control equipment, which has driven the growth of the factory automation market. Foreign direct investments and growing middle-class population has resulted in a tremendous rise in the domestic demand in the developing regions. Free-trade agreements and economic partnerships are indirect factors that have contributed to the overall growth of the automotive industry, globally.

 

The factory automation and industrial control market is led by Europe. With an enormous presence of manufacturing and production units in the region, the advent of IoT in various industries has enhanced the production capacity and led to the optimization of manufacturing processes. The emphasis on sourcing components through the Sub-Saharan Africa and the Middle Eastern countries, for assembly by major multinational firms, has been a major propelling factor for the factory automation market in the Middle East.

The report includes a competitive assessment in terms of the overview of market players, profiles, products and services, business strategies, recent developments and innovation, market landscape, future trends and forecasts, and mergers & acquisitions.

The major companies dominating this market for its products, services, and continuous product developments are

Rockwell Automation Inc.

Honeywell International Inc.

ABB Ltd.

General Electric Company

Emerson Electric Company

Dassault Systemes SE

Autodesk Inc.

Mitsubishi Electric Corporation

Siemens AG

Aspen Technology Inc.

Robert Bosch GmbH

Texas Instruments Inc.

Johnson Controls International PLC.

Key Deliverables in the Study

Market analysis for the global factory automation and industrial controls market, with region-specific assessments and competition analysis on a global and regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the global factory automation and industrial controls market on both, global and regional scales.

A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major countries/regions where this industry is growing and to identify the regions that are still untapped.

 

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