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Global Industrial Automation Market to Reflect Steady Growth Rate by 2026 || Key Players- Tegan Innovations, Rockwell Automation, Inc., Chaos Prime, Dwyer Instruments, Inc.

Market Analysis: Global Industrial Automation Market

Global industrial automation market is to register a substantial CAGR of 8.8% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the adoption of industrial robots in manufacturing sector for fast production capacities.

Market Definition: Global Industrial Automation Market

An industrial automation service operates machinery and different processes through controlled system such as computers, robots, control systems and information technologies. Automation is the key to standardize manufacturing, fast production, cost reduction, product quality and minimizing cost and many more facilities. It reduces the dependency on manual labor in different industries and ensures pace for mass production with superior performance as compared to humans.

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Market Drivers:

  • Industrial automation improves product quality and flexibility of manufacturing process is a driver for this market
  • Focus on optimum utilization of resources is a driver for this market
  • Government initiatives regarding adoption of industrial automation in different industries is boosting the growth of this market
  • Technological advancement in control, process monitoring and industrial automation is driving the growth of the market

Market Restraints:

  • High cost and high capital investment required for industrial automation hinders the growth of this market
  • Issues regarding security is restraining the market growth
  • Lack of professionals in industrial automation may hinder the growth of the market

Segmentation: Global Industrial Automation Market

By Component

  •  Industrial Robots
    • Traditional Industrial Robots
      • Articulated Robots
      • Cartesian Robot
      •  Selective Compliance Assembly Robot ARM(SCARA)
      • Parallel Robot
      • Others
    • Collaborative Industrial Robots
  • Machine Vision
    • Cameras
      • Analog Camera
      • Digital Camera
      • Smart Camera
    • Frame Gabber, Optics and Led Lighting
      • Processors and Software
  • Control Valves
  • Field Instruments
    • Flow Meters
    • Transmitters
      • Pressure Transmitters
      • Temperature Transmitters
      • Level Transmitters
  • Human–Machine Interface (HMI)
  •  Industrial PC
  •  Sensors
  •  Industrial 3D Printing

By Solution

  • Supervisory Control and Data Acquisition (SCADA)
  • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • Manufacturing Execution System (MES)
  • Product Lifecycle Management (PLM)
  • Functional Safety
  • Plant Asset Management (PAM)

By Industry

  • Process Industry
    • Oil & Gas
    • Chemicals
    • Paper & Pulp
    • Pharmaceuticals
    • Mining & Metals
    • Food & Beverages
    • Power
    • Others
  • Discrete Industry
    • Automotive
    • Machine Manufacturing
    • Semiconductor & Electronics
    • Aerospace & Defense
    • Medical Devices
    • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

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Key Developments in the Market

  • In April 2017, IBM and ABB collaborated for industrial artificial intelligence solutions and to enhance the production line through identifying critical faults throughout the manufacturing process. Customers will benefit from the profound understanding of ABB’s domain and comprehensive portfolio of digital alternatives coupled with the expertise of IBM in artificial intelligence and machine learning as well as various vertical industries
  • In July 2018, Microsoft Corp. and GE entered into a partnership to bring operational and information technology together and to eliminate hurdles faced by the industrial companies in advancing digital transformation projects. For driving innovation across the enterprise, GE will leverage Microsoft Azure for extra IT workloads and productivity instruments such as inner Predix-based deployments. This partnership will build deeper connections between both the companies and will enables customers worldwide to harness the power of the Predix portfolio suh as Predix Asset Performance Management

Competitive Analysis

Global industrial automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial automation market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Players

Few of the major competitors currently working in global industrial automation market are Emerson Electric Co., ABB, Siemens, Schneider Electric, Endress+Hauser Management AG, Yokogawa India Ltd., Honeywell International Inc., WIKA Instruments India Pvt. Ltd., Azbil Corporation, Fuji Electric Co., Ltd, 3D Systems, Inc., HP Development Company, L.P., FANUC CORPORATION, Stratasys Ltd., Hitachi, Ltd., Tegan Innovations, Rockwell Automation, Inc., Chaos Prime, Dwyer Instruments, Inc. and others

Research Methodology: Global Industrial Automation Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. 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. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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