The analysts forecast global industrial automation control market to grow at a CAGR of 7.59% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global industrial automation control market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of the following automation control systems:
The following companies are the key players in the Global Industrial Automation Control Market: ABB, Emerson, Honeywell, and Siemens. Other Prominent Vendors in the market are: Bosch Rexroth, Control Systems International, General Electric, Hitachi, IDEC, Keyence, Koyo Electronics, Metso, Mitsubishi Heavy Industries, Omron, Panasonic, Rockwell Automation, Schneider Electric, Toshiba, and Yokogawa Electric.
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According to the industrial automation control market report the governments in countries such as the US, China, and Europe have imposed GMP on manufacturing industries such as automotive, food and beverages, consumer packaged goods, chemicals, and pharmaceuticals. GMP helps regulatory authorities to ensure public safety and to meet international quality standards. The governments of various countries have also imposed stringent regulation to curb carbon dioxide emission, lower power consumption, and wastage. And to meet such stringent regulations the industries across the world are using automation technologies.
The global industrial automation control market demand to automate factories or create smart factories is increasing globally and this trend is expected to gain considerable traction during the forecast period. Already the countries, whose GDP contribution is largely from manufacturing industries, such as Germany and China, have begun the automation process in their existing factories to cut competition."
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Global Industrial Automation Control Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Industrial automation control solutions help organizations to optimize business operations through efficient control of various processes with minimal (or reduced) human intervention. The data collected from field devices and systems gives businesses a competitive edge.
Automation solutions such as DCS, PLC, drives, and sensors improve organizational efficiency by facilitating uninterrupted machine operation, reduce total cost of ownership, and provide real-time information.
Most companies are opting for automation control solutions to comply with government regulations for curbing greenhouse gas emission and goods manufacturing practices (GMP), among others. Automation solutions not only help companies to reduce costs and bring uniformity, but also provide alerts in case of leaks and detect impurities.
Further, the report states that companies need to upgrade their automation solutions to achieve the maximum benefit. Such upgrades can be inconvenient because of high switching costs of vendor or interoperability issues.
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