Global Industrial Automation Market
Global Industrial Automation Market
By Automation Type (Product Lifecycle Management, Plant Asset Management, Computer Numerical Control routers, Electronic Control Units, Distributed Control System, Programmable Logic Control System, Machine Vision System, Manufacturing Execution System, Human Machine Interface, Supervisory Control and Data Acquisition), Industry (Hydro power, Energy and Power System, Chemical, Material and Food, Measurement and Instrumentation, Automation and Transportation, Metals and Mining, Oil and Gas, Pulp and Paper), and Regional Market Size, Status and Forecast to 2025
The Global Industrial Automation Market was valued at USD 182.32 billion in 2016 and is projected to reach USD 344.82 billion by 2025, growing at a CAGR of 6.58% from 2017 to 2025.
Industrial Automation is the control of machinery and processes used in various industries by autonomous systems through the use of technologies like robotics and computer software. There are several benefits of industrial automation such as - reduce production cost, decrease in part cycle-time, reduce waste, better floor space utilization, saves local jobs, improved quality and reliability.
1. Market Drivers
1.1 Increasing use in entertainment gaming
1.2 Continuous innovation in industrial robotics boosting its adoption in manufacturing
1.3 Need for mass production and connected supply chain
1.4 Government initiatives toward the adoption of industrial automation in various industries
2. Market Restraints
2.1 High procurement costs
2.2 Stringent game hunting regulations
The Global Industrial Automation Market is segmented on the automation type, industry, and region.
1. Automation Type:
1.1 Product Lifecycle Management
1.2 Plant Asset Management
1.3 Computer Numerical Control routers
1.4 Electronic Control Units
1.5 Distributed Control System
1.6 Programmable Logic Control System
1.7 Machine Vision System
1.8 Manufacturing Execution System
1.9 Human Machine Interface
1.10 Supervisory Control and Data Acquisition
2. By Industry:
2.1 Hydro power
2.2 Energy and Power System
2.4 Material and Food
2.5 Measurement and Instrumentation
2.6 Automation and Transportation
2.7 Metals and Mining
2.8 Oil and Gas
2.9 Pulp and Paper
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
4. Tegan Innovations Ltd
7. Win-911 Software
9. General Electric
11. Pinpoint Information Systems Inc.
12. Progea Srl
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Industrial Automation Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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