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Industrial Control and Factory Automation Market: Overview

The Industrial control and Factory automation is a rising trend in the manufacturing industry which provides smart manufacturing infrastructure. The industrial control and factory automation facilitates cost efficiency, quality of production; standardize manufacturing, reliability and flexibility in the process of manufacturing. Industrial control and factory automation offers perfect mix of mechanical components and devices and Information Technology.

The emerging applications such as heating ventilation air conditioning (HVAC) systems, electronic power distribution systems and human machine interface (HMI) would further spur the demand of industrial controls and automation in the coming years. Technological developments in process monitoring, industrial automation and control over the last decades have contributed immensly towards improvement of productivity of all manufacturing industries globally.

Blend of smart mechanical technology with IT technology has given spur to the industrial controls and factory automation market. These systems are used in the industries create the standardized and reliable production environment. Advantages offered by automation in manufacturing activities includes cost-efficiency, reduced feedback, fast production, waste reduction, production monitoring and management over the conventional manual processes. Several mechanical devices are integrated with IT systems for enhanced outcomes in automation. Software systems such as Enterprise Resource planning (ERP) are assisting the market to broaden its service offerings. It is delivering improved quality, standardized and dependable products within time frame and at moderate cost to the customers.

Industrial Control and Factory Automation Market: Drivers

The focus by industry players on achieving energy efficiency in manufacturing process is driving the market. In addition, others factors such as internet of things, country and government initiatives towards improving production activities, services blending manufacturing and engineering technologies and shifting production base are driving the market. Other drivers are country wise investment and development plan for production activities and shifting in the manufacturing base. The market is expected to grow substantially in developing economies such as Asia-Pacific, which is primarily attributed to the rise in the factory automation and industry control system implementation.

Industrial Control and Factory Automation Market: Challenges

Factors such as lack of awareness, limited fund generation for re-investment owing to compact working capital cycle, narrow geographical diversity and absence of standardization are restraints for the market. Major number of industrial units function on a compact budget, in particular for small and medium enterprises (SME). This creates limited opportunities for re-investment as profits margins are low. This acts as one of the key restrains for market as not every production facilities can afford to invest in the automation and industrial control systems.

Another restrain for players in the market is less availability of trained professionals who can help the implementation of automation and control processes. Companies in the market are delivering training programs and certifications to the interested individuals so as to overcome this challenge. Although, emerging countries in the area of production, reduction in prices, adoption of latest technology and developing scope of used robots offer immense opportunity for industrial control and factory automation market.

Industrial Control and Factory Automation Market: Segmentation

The market is segmented by application and product. Application include power, automotive, printing and packaging, oil and gas, pharmaceuticals, textile, chemical, plastics, food processing and original equipment manufacturers (OEM). Products include industrial control systems, machine vision, sensors, relay and switches, field devices, manufacturing execution system (MES) and motion and drives. Field devices are further segmented as industrial networks, industrial robotics and control devices.

Key players in the market include Yokogawa Electric Corporation, Ametek Inc., Honeywell International, Bosch Automation, Emerson, Mitsubishi Corporation, Schneider Electric, National Instrument Corporation, General Electric Co, Siemens Ag, Rockwell Automation, Omron Corporation 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:

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  • 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
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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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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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Industrial Control Factory Automation Market

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