Key players are Siemens Ag (Germany), ABB LTD (Switzerland), Emerson Process Management LLC (U.S), Rockwell Automation Inc (U.S.), Schneider Electric SA (France) and Honeywell International Inc (U.S.).
(PRWEB) July 30, 2014
According to the market research report "Mexico Factory Automation and Machine Vision Market by Technology (ICS, MES, ERP, ITS), Field Devices, Products (PC-based, Smart Camera, Embedded), Components (Camera, FGOL), Application (Process, Discrete) - Global Forecast & Analysis to 2013 - 2020", published by MarketsandMarkets, the Mexican market is expected to reach $6.99 Billion at a CAGR of 6.18% by 2020.
Browse 70 market data Tables and 96 Figures spread through 384 Pages and in-depth TOC on "Mexico Factory Automation and Machine Vision Market"
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The factory automation and machine vision is an emerging trend in the manufacturing organizations that provide smart manufacturing setup. It provides cost efficiency, quality and standard production, reliability and flexibility to the production process. The factory automation and machine vision includes the perfect blend of technologies, products, mechanical components, devices and Information Technology. The emerging applications like Heating Ventilation Air Conditioning (HVAC) systems, Human Machine Interface (HMI) and electronic power distribution systems will further surge the demand of automation systems in the coming future.
The overall Mexico Factory Automation and Machine Vision Market is segmented on the basis of technology, field Devices, products, components and applications. All the major segments are further segmented into sub segments, with separate classification. The Mexico factory automation & machine vision market is expected to reach to $6.99 Billion by the year 2020 from $4.61 Billion in 2013, with a projected CAGR of 6.18%.
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The emphasis by market players on energy saving and efficiency improvement is driving the market, with other market driver factors proximity to the U.S., government impetus to manufacturing activities and shifting manufacturing base of automotive companies from China to Mexico.
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