Industrial Control and Factory Automation Market are Increasing adoption of manufacturing industries and the rising demand for automation are the major factors for growth of industrial control and factory automation market. Automation, which can be either considered as self-governing system and their huge implications in factories achieves superior performance than manual operation. Automation systems have their huge functionality in factories for monitoring system performance, equipment and job scheduling and plant shutdown and startup. Industries such as automotive, metal, consumer goods manufacturing, food processing and packaging and material handling greatly benefit from wireless technologies. Therefore, wireless plays a major role in processing plants and factories. Extensive use of the industrial robotics and their continuous innovation leads to a high market growth opportunity for industrial control and factory automation. Advancement in technology of M2M communications and rising adoption of IOT are the prime factors fueling the growth of industrial control and factory automation market. Factory automation and industrial control system is a manually driven or fully automated system which controls several operations in the manufacturing plants. It performs functions such as closing and opening of valves, ringing of alarms according to the local environment and so on. Improvement in production by banishing downtime creates a huge market growth opportunity for industrial control and factory automation during the projection period of 2017-2025.
Industrial control and factory automation provides huge benefits to product manufacturers and various other industrial sectors. Some of the benefits include minimization of labor, increased production rate and improvement in accuracy, precision and quality. Moreover, industrial revolution 4.0 is expected to create huge opportunities in the market. Collecting necessary data from sensor system and switching on or off telephone networks is only possible with the assist of industrial control and factory automation. However, huge investment required for smart manufacturing and lack of skilled personnel are some of the prime factors restraining the growth of industrial control and factory automation market.
The industrial control and factory automation market in report is segmented by technology which includes SCADA, DCS, PAC & RTU, PLM, MES & MOM, Electric drives and sensors.The market has been further segmented by components which includes cables, industrial robots, control valves, enclosures, machine vision. Moreover, on the basis of end-user the industrial control and factory automation market has been segmented as discrete industries and process industries. The global industrial control and factory automation market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Technological advancement and creativity by leading vendors has made the market more demanding across the globe. Factory automation and industry control also increases the usage of IT dramatically. Widespread usage of industrial IT for industrial automation involves control and signal processing, real-time computing, simulation, design, optimization, analysis, communication and networking, and database which makes the market more demanding. Moreover, increasing use of industrial robots in factories for precision and accuracy leads to the significant growth of global industrial control and factory automation market during the forecast period.
Some of the major players in the global industrial control and factory automation market are Siemens A.G., Robert Bosch GmbH, ABB Ltd., Honeywell International Inc., Autodesk Inc. and others.
Global Industrial Control and Factory Automation Market: By Technology
Global Industrial Control and Factory Automation Market: By Components
Global Industrial Control and Factory Automation Market: By End-User
Global Industrial Control and Factory Automation Market: By Geography