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Industrial Control and Factory Automation Market by Solution, Component, Industry and Geography - Global Forecast to 2023

Industrial Control and Factory Automation Market: Global Forecast until 2023

  • October 2017
  • 219 pages
  • ID: 5136806
In this report:
The market for the automotive industry is expected to reach USD ##.## million by 2023 from USD ##.## million in 2016, at the highest CAGR of ##.##% between 2017 and 2023.
The industrial control and factory automation market in Asia Pacific (APAC) is expected to grow at the highest CAGR of ##.##% between 2017 and 2023.

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The industrial control and factory automation market anticipated to exhibit significant increase between 2017 and 2023

The industrial control and factory automation market is anticipated to be valued at ~$239.1B by 2023 from USD 155.26 in 2017, at a compound annual growth rate (CAGR) of 7.40 percent between 2017 and 2023. The main driving factors for the increase ot the industrial control and factory automation market are extensive use of enabling technologies in manufacturing, continuous innovation in industrial robotics boosting its adoption in manufacturing, need for mass production and connected supply chain to cater to the increasing population, and government actions toward the adoption of industrial automation in different industries. Nevertheless, high capital investment and limited re-investments and declining oil and gas prices affecting infrastructure-related investments are considered to be the main restraints

Industrial control and factory automation market for MES forecasted to grow at topmost cagr during projection period

The sector for manufacturing execution system is anticipated to increase at the maximal compound annual growth rate (CAGR) between 2017 and 2023. MES integrates all the activities from planning to automation in the manufacturing automation plants. The activities contain resource allocation and status, operation scheduling, dispatching, document control, management of resources, quality management, maintenance management, tracking and tracing of product, and performance study. The manufacturers are adopting MES because it saves costs, offers operational efficiency, and delivers high performance in production

Industrial control and factory automation market for discrete market to grow at topmost cagr during forecast horizon

The industry for the discrete sector is anticipated to rise at the highest CAGR (Compound annual growth rate) between 2017 and 2023. The discrete market is anticipated to be driven by the quick adoption of advanced manufacturing solutions by manufacturers to enhance visibility, operational excellence, and quality while reducing the lead-time. The discrete sector includes automotive, machine manufacturing, semiconductor & electronics, aerospace & defense, medical devices, and others that use automation as it improves consistency of processes, increases throughput, improves quality, reduces operation and work handling time, reduces manual work, and offers a high degree of safety

Industrial control and factory automation market in Asia-Pacific to grow at topmost cagr during projection period

The industrial control and factory automation market in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) between 2017 and 2023. China (CN) is one of the main countries supporting the increase of industrial control and factory automation in this area. China (CN) has been working on innovative industrial practices by implementing automation technologies in manufacturing firms. Furthermore, the research institutes and system integrators are collaboratively working to improve the manufacturing processes in China (CN). Moreover, in China (CN), industrial intellectualization and information integration is the main focus of the government industrial policy. These initiatives are anticipated to growth the industry demand for industrial control and factory automation in this country.

Following is the breakdown of the profiles of primary members taking part for the study:

• By Company category: Tier 1 - 48.0 percent, Tier 2 - 32.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite executives - 42.0 percent, Directors - 35.0 percent, and Others - 23.0 percent

• By Area: North America continent - 52.0 percent, EU - 23.0 percent, Asia-Pac - 18.0 percent, and rest of the world - 7.0 percent

The top players in the industrial control and factory automation market are Siemens, ABB, Emerson, Mitsubishi, and Schneider, Rockwell, General Electric, Yokogawa, Omron, and Honeywell..

Segment Research

The research report examines the industrial control and factory automation established on solution, enabling technology, component, sector, and territory. The sector has been divided by solution into supervisory control and data acquisition, programmable logic controller, distributed control system, manufacturing execution system, product lifecycle management, functional safety, and plant asset management ; by component into industrial robots, machine vision, control valves, control devices, field instruments, industrial 3D printing, human-machine interface, and industrial PC; The industries implementing automation are process and discrete sectors. The analysis includes the market broken down on the basis of 4 main regions-North America, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

Figures of segmentation, review, and forecast of the market established on solution, component, market, and area have been organized to give an global view of the industrial control and factory automation market.

Main drivers, market restraints, alternatives, and opportunities for the industrial control and factory automation market have been precised in this industry report.

The market research includes an exhaustive competitive analysis together with top players and their revenue.

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