Industrial Automation Market
Industrial Automation Market (Automation Type - Distributed Control System (DCS), Programmable Logic Control Systems (PLC), Machine Vision Systems, Manufacturing Execution Systems (MES), Human Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), Product Lifecycle Management (PLM), Plant Asset Management, Computer Numerical Control (CNC) Routers, and Electronic Control Units (ECU); Industry - Automotive and Transportation, Metals and Mining, Energy and Power System, Chemical, Material, and Food, Measurement and Instrumentation, Environment and Building Technologies, Heavy Industries, Oil and Gas, Pulp and Paper, and Hydro Power) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Press Release :
The demand within the global market for industrial automation has been rising on account of advancements in the field of manufacturing and testing. Industrial automation is a wide area of technological relevance that can help in fast-tracking the growth of several industrial units and segments. Machine learning, internet of things (IoT), and artificial intelligence are some of the key areas that have helped in accelerating the growth of the industrial automation market. The need for agility and seamless execution within the industrial sector has led to the adoption of several new technologies in this area. Furthermore, industries can thrive with the presence of a wide network for management of internal and external functionalities. This factor necessitates the presence of industrial automation technologies that can accelerate market growth. Industrial automation facilitates the growth of several domains across industries viz. sales, manufacturing, value-chain, and labour management. Hence, the value of industrial automation cannot be undermined in the current scenario. The global industrial automation is projected to reek of unhindered growth in the years to follow.
The global market for industrial automation is expected to expand at a stellar pace on account of advancements in the worldwide secondary (manufacturing) sector. The global industrial automation market is prognosticated to expand at a stellar CAGR of 6.60% over the period between 2016 and 2024. Furthermore, the value of the global industrial automation market is expected to touch US$352.02 bn by 2024-end, rising up from US$182.64 bn in 2015.
This report preview by Transparency Market Research (TMR) on the global industrial automation market gives a core idea about the trends and opportunities pertaining to market growth. The market for industrial automation endows a plethora of opportunities for growth and development. The segments within the global industrial automation market have been enunciated in the report.
- SCADA System to Gather Immense Popularity
On the basis of automation type, the global market for industrial automation has been segmented into programmable logic control systems (PLC), manufacturing execution systems (MES), distributed control system (DCS), machine vision systems, human machine interface (HMI), product lifecycle management (PLM), supervisory control and data acquisition (SCADA), plan asset management, electronic control units, and computer numeric control routers (CNC). Amongst these, the demand for SCADA systems is expected to increase at a robust rate due to the need to maintain the integrity of data and information. On the basis of industry, the use of industrial automation spans across transportation and automotives, energy and power systems, mining and metals, food and beverages, chemicals, instruments and measurements, heavy industries, oil and gas, paper and pulp, and hydropower. The use of industrial automation has been rising across the automation industry over the past decade. This majorly owes to the increasing need for accelerating manufacturing activities in the automobile industry.
- European Market to Expand at a Stellar Pace
On the basis of geography, the market for industrial automation has been segmented into Latin America, the Middle East and Africa (MEA), Europe, Asia Pacific (APAC), and North America. The market for industrial automation in Europe has been expanding at a boisterous pace over the past decade. This owes to the widespread deployment of industrial automation in the automobile industry across the region. Furthermore, countries such as Germany and France are well-known for their expertise in the domain of automobile manufacturing.
Global Industrial Automation Market: Overview
Industrial automation is defined as the amalgamation of all machinery, processing systems, test facilities and factories which became automated because of great technological progress. The global market is poised to grow at a substantial rate during the forecast period because of the growing economy across the globe.
Global Industrial Automation Market: Drivers and Trends
The strong growth in the CNC technology segment is driving the global growth of the industrial automation market, especially in the Asia Pacific and Europe region. Industrial automated products are manufactured in large varieties, each differing from another based on automation type, instrumentation, flow computers, analyzers, operation, and geography. The industrial automation market has been globally emerging to be a relatively more attractive space for investment by organizations across the world. The usage of robots in industrial controller mechanisms is an established trend. Thus it paves the way for larger adoption of the industrial control and industrial automation equipment. In spite of this, the development of the global industrial automation market is affected with massive threats in some regions all over the world, considering the fact that the method caters to human labor replacement with machines and computers.
Global Industrial Automation Market: Restraints
The decreasing human interface in many of the processes is resulting in loss of jobs in many of the industries which in turn is hindering the growing adoption of industrial adoption systems. However, with several innovative studies revealing the ability of industrial automation to generate jobs in the other ancillary segments, such as after-sales services, automation system installation, and software development for the management of industrial automation, some concerns are dispelled.
Global Industrial Automation Market: Opportunities
The largely used parts in this market are actuators, proximity sensors, flow meters, servo and DC motors, industrial communication systems, and robotic arms. Escalating frequency of factories is moving ahead along the automation path, and the incidence of automation devices such as PLCs, PCs, and PACs will become even more common in the coming years. While the opportunities for industrial automation branched from the developed economies of the west, it is presently taking industrial units of the Asia and South America regions by storm. Factor owners look out for factors such as quicker response time and faster output when they invest in factory automation.
Global Industrial Automation Market: Segmentation
On the basis of various automation types, the global industrial automation market is segmented into distributed control system (DCS), programmable logic control system (PLC), machine vision system, manufacturing execution system (MES), human machine interface (HMI), supervisory control and data acquisition (SCADA), product lifecycle management (PLM), plant asset management, computer numerical control (CNC) routers, electronic control units (ECU),and other types. Among the automation type segments, the PLM segment constituted the biggest market share, followed by MES, in 2014. On the basis of end use industries, the global industrial automation market is segmented into automation and transportation, metals and mining, oil and gas, pulp and paper, hydro power, energy and power system, chemical, material and food, measurement and instrumentation. There is rapid growth in demand in the environment and building technologies, heavy industries, and other segments. The global market for energy and power systems is one of the major factors that are driving the demand for industrial automation industry, globally.
Global Industrial Automation Market: Regional Outlook
In terms of regions, the global industrial automation market has been segregated into five geographical zones: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), andSouth America. Currently, Europe holds the major share of the market, followed by Asia Pacific, North America, Middle East and Africa, and South America. The Asia Pacific region is anticipated to grow swiftly with rise in trade with North America and Europe.
Key Players Mentioned in this Report are:
Key players profiled in this report are ABB Ltd., Honeywell International Inc., FANUC Corporation, Yaskawa Electric Corporation, Toshiba Machine Corporation Ltd., Yokogawa Electric Corporation, Emerson Electric Company, General Electric Company, Rockwell Automation, Inc., Mitsubishi Electric Corporation, and Voith GmbH.
The segments covered in the global Industrial Automation market are as follows:
Global Industrial Automation Market: By Automation Type
- Distributed Control System (DCS)
- Programmable Logic Control System (PLC)
- Machine Vision System
- Manufacturing Execution System (MES)
- Human Machine Interface (HMI)
- Supervisory Control and Data Acquisition (SCADA)
- Product Lifecycle Management (PLM)
- Plant Asset Management
- Computer Numerical Control (CNC) routers
- Electronic Control Units (ECU)
Global Industrial Automation Market: By Industry
- Automation and Transportation
- Metals and Mining
- Oil and Gas
- Pulp and Paper
- Hydro power
- Energy and Power System
- Chemical, Material and Food
- Measurement and Instrumentation
Global Industrial Automation Market: By Geography
- North America
- Rest of Europe
- Asia Pacific
- South East Asia and India
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of Latin America