This industry research report segments the global industrial controls and factory automation market by product (SCADA, MES, DCS, PLC, electric drives, protective relays, and sensors), by end-user (process industries and discrete industries), and by geography (the Americas, EMEA, APAC). ABB, Emerson Electric, GE, Honeywell International, Rockwell Automation, Schneider Electric, and Siemens are the top vendors explored in the report.
Technavio’s market research analysts estimate the global industrial controls and factory automation market to grow at a CAGR of more than 7% between 2015 and 2019. The need for real-time data gathering and control has created demand for various industrial control solutions like DCS, SCADA, PLC, protective relays, electric drives, sensors, and MES. APAC occupies the biggest share in the global market for industrial controls and factory automation, accounting for 36% of the overall market. Much of the region’s growth comes from the rise in demand from power and manufacturing industries, which are aiming towards technological advancements in their operations.
The new market research report from Technavio provides a breakdown and analysis of the industrial controls and factory automation segments by technology.
“The need for smart or automated factories has gained traction across the world. Considering this trend, the manufacturing-based countries like China and India have started automating their factories for better communication and precise coordination in physical operations. They are automating the end-to-end operations of factories through sensors, robots, wireless systems, enterprise software, and automation solutions,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
Manufacturing execution system (MES) is the fastest-growing segment of the market, posting a growth rate of more than 16% during the forecast period. Discrete industries are the primary users of MES automation software, owing to their increased need for productivity, flexibility, efficiency, and agility in the production processes.
The key players in the global industrial controls and factory automation market include ABB, Emerson Electric, GE, Honeywell International, Rockwell Automation, Schneider Electric, and Siemens. The market is becoming intensely competitive with the presence of many global and regional vendors.
A more detailed analysis is available in the Technavio report, Global Industrial Controls and Factory Automation Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Industrial Wireless Market in Factory Automation 2015-2019
- Global Automation Motor Control Center Market 2015-2019
- Global Industrial Automation Control Market 2014-2018
- Industrial Automation Control Market in the Americas 2014-2018
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