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Industrial Automation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Global Industrial Automation Market: Overview

The global industrial automation market is emerging as an attractive investment space for companies worldwide. The use of robotics in industrial control is an already established trend. It has paved the path for the greater adoption of industrial automation and industrial control equipment. However, the growth of the industrial automation market could be beset with massive challenges in some parts of the world considering that the process entails the replacement of human labor with computers and machines.

The increasingly lower need for human intervention in several industrial processes is expected to jeopardize jobs and cause roadblocks in ambitious industrial automation projects. However, with many new studies evidencing that industrial automation could also create jobs in other ancillary sectors – such as in the installation of automation systems, in after-sales services, and in developing software for managing industrial automation – some of these concerns could be allayed.

The most commonly used components in industrial automation include actuators, flow meters, proximity sensors, servo and DC motors, robotic arms, and industrial communication systems.

Increasing number of factory units are moving along the path of automation and the presence of automation devices such as PCs, PLCs, and PACs will only become more and more common in the near future. While the trend of industrial automation stemmed from the developed countries in the west, it is now taking industrial units in Asia and Latin America by storm. The report analyzes how the global industrial automation market is increasingly swinging eastward and the factors at play therein. To do this, the report makes use of reputable and trusted analytical tools such as a SWOT analysis and Porter’s five forces analysis.

Global Industrial Automation Market: Drivers and Restraints

Having fully emerged from the 2008 recession, several companies are now optimistic about making fresh investments in industrial automation. The growing demand for industrial automation technologies and systems is attributable mainly to the advantages that such systems provide. For instance, deploying factory automation can help reduce assembly time several times over, ultimately bringing down production costs. As automation brings human intervention down to a minimum, the chances of human error are reduced as well – this has prompted several industrial units to make use of automation systems. Greater flexibility is also easily possible through industrial automation, allowing factory managers to change production schedule briskly in response to seasonal changes.

With skilled labor becoming increasingly expensive in several developed countries, automation is being considered as the natural progression of the industrial and manufacturing sector.

The high cost of switching over to an automated factory and the concerns of government bodies about factories employing fewer humans could pose an obstacle for the growth of the global industrial automation market. At the same time, the maintenance costs of some of the more sophisticated industrial control systems could cause companies to reconsider making an investment in industrial automation.

Global Industrial Automation Market: Opportunities and Regional Overview

Factory owners are looking for aspects such as faster throughput and quick response time when they make an investment in factory automation. Moreover, there is a growing demand for machines and systems that are easy to use. Companies that are able to strike the right balance between the high initial cost of industrial automation systems and the return on investment in the long run will stand a better chance of gaining new customers. These factors point toward opportunities and focus areas for companies in the global industrial automation market.

The U.S. is expected to remain the growth engine of the global industrial automation market during the forecast period. Japan is yet another high-potential region for industrial automation. While labor has hitherto been easily and cheaply availably in traditional outsourcing hubs such as China and India, the cost of labor is gradually increasing in these regions. This is driving companies to consider industrial robots and fully programmable industrial processes.

Key players in the global industrial automation market include Siemens AG, Emerson Electric Corporation, Mitsubishi Electric, Honeywell International, Inc., and ABB Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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