Industry Controls and Factory Automation Market Global Analysis 2020 Research Report
Industry Controls and Factory Automation Market Information Report: Information by Component (Industrial Robots, Machine Vision, Control Valves, HMI, Industrial PC, Industrial 3D Printing) Solution (SCADA, PLC, DCS, PAM, PLM, MES) Industry and by Region - Global Forecast to 2023
Rising adoption of industrial robots in manufacturing sector driven by collaborative robots, increasing government initiatives toward the adoption of industrial automation in different industries, increasing use of enabling technologies in manufacturing sector, connected enterprise along with the mass production to cater to rising population, and focus on industrial automation as well as optimum utilization of resources are some of the major key drivers driving the Industry Controls and Factory Automation s market. Asia-Pacific region is actively participating in upgrade of its industries through implementation of industrial automation within the manufacturing facilities. Moreover, China, over the last decades has become a global manufacturing hub, with many multinational companies setting up high volume production facilities in the country. Countries such as Taiwan, Thailand, and Indonesia have a great scope for industrial controls and factory automation as these countries are witnessing significant industrialization. Moreover, in these countries, along with the growing manufacturing facilities, competition among manufacturers is also growing. China and India are the fastest growing economies in Asia-Pacific, and the manufacturing industry is expected to grow substantially during the forecast period. Moreover, the industries in these countries have witnessed some evolutionary changes in the past few decades in the region in terms of its application in manufacturing plants, transport industry, and other critical infrastructural application areas, driving the market for industrial control and factory automation market in the region.
Industrial controls and factory automation market has been segmented on the basis of component, solution, industry, and region. Based on end-use, the market is classified into process industry including (chemicals, Oil & Gas, Paper & Pulp, Pharmaceuticals, Mining & Metals, Food & Beverage, Power, and Others) and discrete industry including (Automotive, Machine Manufacturing, Semiconductor & Electronics, Aerospace & Defense, Medical Devices, others). The mining and metals industry is expected to dominate the industry controls and factory automation market due to its relation to the extraction of mineral and metal reserves and fabrication of metals. Moreover, the metal industry has been offering metal working processes such as grinding, spinning, and forging. The industry control and factory automation market has been driven by the adoption of automation in the metals & mining industry as it provides better productivity, minimizes wear, enhances reliability, and improves quality of the operations.
Industry Controls and Factory Automation Market by region is segmented into Asia Pacific, North America, Europe, and the Middle Eats & Africa, and South America. Within Asia-Pacific region, the majority of the growth of industry controls and factory automation can be attributed to China and India, where the manufacturing industry is growing tremendously. Due to the growing production, urbanization, and competition among manufacturers, there is an increased necessity for higher operational efficiency. Additionally, industries such as power generation, food & beverage, pharmaceutical, and chemicals are growing significantly in Asia-Pacific and the centrally controlled operation of these manufacturing facilities through industry controls and factory automation systems and is expected to increase the productivity within the factory premises. These factors are projected to drive the industry controls and factory automation market during the forecast period.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
Continued…
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