Industrial automation is the use of control systems and information technologies for handling processes and machinery in an industry. The industrial automation and control systems market is highly fragmented with the presence of a large number of players operating in the market. The industrial automation and control systems market is primarily driven by the growing popularity of automation across different industry verticals.
MARKET DYNAMICS
The growing focus towards reducing labor and operational expenses and increasing demand for enhancing productivity and reducing human error are some of the significant factors driving the growth of the industrial automation and control systems market. However, high costs of automation systems might hinder the growth of the industrial automation and control systems market. The growing popularity of industrial automation in the emerging economies is creating opportunities for the companies operating in the market to achieve a strong market position.
MARKET SCOPE
The "Global Industrial automation and control systems Market Analysis to 2028" is a specialized and in-depth study of the industrial automation and control systems market with a special focus on the global market trend analysis. The report aims to provide an overview of industrial automation and control systems market with detailed market segmentation by control system, component, and end-use industry, and geography. The global industrial automation and control systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial automation and control systems market players and offers key trends and opportunities in the industrial automation and control systems market.
MARKET SEGMENTATION
The global industrial automation and control systems market is segmented on the basis of control system, component, and end-use industry. Based on control system, the market is segmented as DCS, PLC, SCADA, and others. Based on component, the market is segmented as HMI, industrial robots, control valves, sensors, and others. On the basis of end-use industry the market is segmented as automotive, chemical, energy and utilities, food and beverage, healthcare, manufacturing, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial automation and control systems market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The industrial automation and control systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial automation and control systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the industrial automation and control systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the industrial automation and control systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from industrial automation and control systems market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial automation and control systems market. Below mentioned is the list of few companies engaged in the industrial automation and control systems market.
The report also includes the profiles of key industrial automation and control systems market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd
- Delta Electronics, Inc.
- Honeywell International Inc
- Kawasaki Heavy Industries, Ltd.
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Rohmann-Automation GmbH
- Schneider Electric
- Siemens
- Yokogawa Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.