Global Analysis and Forecast", the Industrial Automation Control Market is estimated to reach US$ 324.6 Bn by 2027 from US$ 158.5 Bn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The industrial automation control experiencing a steady growth with regards to the research and development activities, product innovations, investments, and technological integrations, and deployment in the current scenario and is anticipated to rise exponentially in the coming years. The market for industrial automation control comprises of some well-established players across the globe. Since last decade, the demand in different end-user industry has accelerated significantly with growing adoption of automation and ground-breaking technology enhancements.
Top Key Players: ABB Ltd, Honeywell International Inc., Siemens AG, Emerson Electric Co., Bosch Rexroth AG, General Electric Company, Hitachi, Ltd., Koyo Electronics Industries Co., Ltd., Mitsubishi Heavy Industries, Ltd., Omron Corporation, Rockwell Automation, B&R Industrial Automation Gmbh, and Beckhoff
As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from regional players as well as the leading global companies across the world. Use of automation is gaining high momentum in both process and discrete industries, depending upon the usage of advanced technologies. Both the sector uses different technologies, solutions, and component to ensure proper implementation of industrial automation.
The report segments the global industrial automation control market as follows:
Global Industrial Automation Control Market - By Solutions
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Control System (PLC)
- Product Lifecycle Management (PLM)
Global Industrial Automation Control Market - By Industry Vertical
- Electronics & Semiconductor
- Food & Beverage
- Metal & Machinery
- Aerospace & Defense
Global Industrial Automation Control Market - By End User
- Process Industry
- Discrete Industry
Source: The Insight Partners