The total market for Industrial Control and Factory Automation market is expected to grow at an estimated CAGR of 8.53% from 2014 – 2020.
(PRWEB) November 21, 2014
The Factory Automation & Industrial control market is expected to grow at a CAGR of 8.535% to reach from $171.2 billion in 2013 to $301.9 billion by the year 2020. Factory automation & Industrial control systems are used for automatic monitoring and controlling the operations and processes with the help of robots like devices and thereby reducing the human intervention. These automation systems are offering advantages like: speed production, least cost production, reduction in industrial waste, and easy production monitoring and management. The production managers can make the required changes immediately and therefore the response time is reduced. The emphasis by market players on energy saving and efficiency improvement is driving the market, with other market driver factors like internet of things and services integrating manufacturing and engineering, country and government impetus to manufacturing activities and shifting manufacturing base. The organizations are now adopting technologically advanced and smart manufacturing activities to utilize the resource optimally. Complete report is available at http://www.rnrmarketresearch.com/industrial-controls-scada-plc-dcs-factory-automation-field-devices-mes-erp-market-global-forecast-analysis-till-2016-market-report.html .
The Factory automation & Industrial control market is segmented on the basis of Technology, Field Devices, Geographies and Applications. The technology & services segment includes Industrial Control Systems like Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS) and Programmable Logic Control (PLC), Manufacturing Execution System (MES), Enterprise Resource Planning (ERP), and Information Technology System. The Field Devices Market is sub-segmented in industrial robotics, industrial networks, and control devices. The industrial control and factory automation system have applications mainly for discrete industries (automotive and transportation, mining, minerals & metals, and packaging) and process industries (oil & gas, chemical, food & beverage and pharmaceuticals). The overall industrial control and factory automation market is segmented on the basis of the four major geographical regions- North America (the U.S, Canada and others), Europe (U.K, Germany, Russia and others), the Asia Pacific (China, Japan, India and others) and Rest of the World (Latin America, The Middle East and others). Major players in the market includes Siemens Ag (Germany), ABB LTD (Switzerland), Emerson Electric Company (U.S), Rockwell Automation Inc (U.S.), Schneider Electric SA (France), Honeywell International Inc (U.S.) Johnson Controls Inc (U.S), General Electric Company (U.S.), Texas Instruments Inc (U.S) and Yokogawa Electric Corporation (Japan). Order a copy of this research at http://www.rnrmarketresearch.com/contacts/purchase?rname=80132 .
- Factory Automation & Industrial Control market is expected to grow at a CAGR of 8.53% from 2014 – 2020.
- This market includes statistics by technology & services, Field devices, application and geography with detailed classification splits by revenue.
- Overall view of industrial control and factory automation market is illustrated on segmentation, analysis, and forecast of the major geographical markets.
- Competitive landscape with identification of the key players with detailed market share analysis with individual market shares and revenue.
- Value chain analysis for industrial control and factory automation market is explained through Porter’s five forces.
- Major market trends, restraints, drivers, and opportunities for the industrial control and factory automation market along with special focus on high growth application segment.
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