Industrial Control and Factory Automation Market expected to reach USD 239.11 Billion by 2023 at a CAGR of 7.4% between 2017 and 2023

According to the new market research report "Industrial Control and Factory Automation Market by Solution (SCADA, PLC, DCS, MES, PLM, PAM, Functional Safety), Component (Industrial Robots, Industrial 3D Printing, Control Valves, Machine Vision, HMI), Industry and Geography - Global Forecast to 2023", the industrial control and factory automation market is expected to be valued at USD 239.11 Billion by 2023 from USD 155.26 in 2017, at a CAGR of 7.4% between 2017 and 2023. Factors that are driving the growth of the market include the 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 growing population, and government initiatives toward the adoption of industrial automation in various industries.

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DCS to hold largest share of the industrial control and factory automation market during forecast period

Distributed Control System (DCS) handles the entire control structure of a plant as a single automation system. The installation of DCS in the power generation industry enables the companies to reduce downtime and improve production using optimal resources. The application of DCS in the oil & gas industry has also increased significantly with the rise in exploration activities in the oil fields. There are many benefits of using DCS systems in manufacturing plants such as ensuring decision integrity, simplifying complex operations, and increasing productivity. These benefits are influencing the growth of the industrial control and factory automation market.

IIoT to hold largest share of enabling technology supporting the manufacturing industries by 2023

Industrial Internet of Things (IIoT) used in manufacturing plants is an amalgamation of machine learning, big data, sensor data, and machine-to-machine (M2M) communication. The several processes in the manufacturing industries, such as shipping/logistics/transportation, assembly, packaging, and warehousing, use IIoT for better connectivity with the other connecting devices. The advantages include predictive and proactive maintenance, real-time monitoring, asset/resource optimization, and remote diagnosis. The IIoT supports the industrial control and factory automation market by providing real-time connectivity in the production process.

Industrial robots to hold largest share of industrial control and factory automation market by 2023

Industrial robots are re-shaping manufacturing industries by decreasing the manual labor. Industrial robots are used in industrial plants to provide the best outcome with no errors from a remote location. Using the automated robots in industrial production line reduces the time, cost, and waste, as well as helps in producing high-quality products with precision. Industrial robots offer various benefits such as accuracy, flexibility, lower labor cost, high speed, less product damage, and quiet operation. Different types of robots are used for various purposes in the industries. These factors drive the growth of the industrial control and factory automation market for industrial robots.

APAC to hold largest share of industrial control and factory automation market by 2023

The major application industries for the industrial control and factory automation market in Asia Pacific (APAC) are food, automotive, paper, textile, packaging, and printing. APAC is preferred as a manufacturing hub and hence motor vehicle suppliers such as Volkswagen (Germany), Toyota Motor (Japan), Renault (France), Daimler (Germany), and the local manufacturers such as Tata Motors (India), and Mahindra and Mahindra (India) have made investments in automation to support the growth of the market in this region. Adoption of automation in the automotive industry in APAC drives the growth of the industrial control and factory automation market in this region.

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The major players in the industrial control and factory automation market are Siemens (Germany), ABB (Switzerland), Emerson (US), Mitsubishi (Japan), and Schneider (France), Rockwell (US), General Electric (US), Yokogawa (Japan), Omron (Japan), and Honeywell (US).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Augmented Reality and Virtual Reality Set to Bring in a Comprehensive Change in Healthcare Industry!

The adoption of new technologies in the healthcare sector such as Internet of Things (IoT), augmented reality (AR), and virtual Reality (VR) has been on the rise with the willingness of the medical practitioners to reduce the healthcare costs. The augmented and virtual reality in healthcare market was valued at USD 769.2 million in 2017 and is expected to reach USD 4,997.9 million by 2023, at a CAGR of 36.6% during the forecast period. The increasing penetration of connected devices in the healthcare sector, the growing need to reduce the healthcare cost, and the increased investment in AR and VR in healthcare are the major drivers for the augmented reality in healthcare and virtual reality in healthcare market. 

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The rising interest of people in the augmented and virtual reality market will be the key driver for the use of healthcare AR and VR devices. Key challenges faced by hospitals and clinics are data management and clinical operations management due to the increasing number of patients with chronic diseases and growing need for improved patient outcomes. Moreover, healthcare centers need to efficiently manage medical equipment, patients, and employees. The technological innovations help healthcare centers to improve the service quality by providing care at low cost with less time to service. 

AR and VR are used in various hospitals for body check-up of patients before surgeries. The hospitals, clinics, and surgical centers are making apt use of the AR and VR technology to gather critical information of patients. The use of AR and VR in pharma and biotechnology companies is expected to be a new trend in their businesses. Companies have been trying to use these technologies to empower their sales representatives. The use of AR and VR for sales training and pharmaceutical sales can be a driving factor to drive the AR and VR in healthcare market. Augmented reality and virtual reality in government and defense healthcare institutions can provide the ability to enhance the efficiency of quality of care. The government funding in the R&D of AR and VR in healthcare would be a major boost for the AR and VR companies in the next five years. 

The major application areas for AR and VR in healthcare include patient care management, medical training and education, fitness management, pharmacy management, and surgery. The use of AR and VR for rehabilitation and therapies would help the market for patient care management lead the augmented and virtual reality in healthcare market. The surgery application in AR and VR is expected to grow at the highest rate in augmented and virtual reality in healthcare market. The use of AR and VR can help surgeons to perform surgeries more efficiently. The surgery might be a minimally invasive procedure or locating a tumor within the body, augmented reality healthcare apps can help save lives and treat patients seamlessly.

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The pharmacy management is one of the most practical applications for the healthcare industry. The use of AR and VR is expected to bring in a lot of innovation for pharmacists and also for patients to take proper medication. The pharmacist can use the AR and VR glasses to easily find medicines in the pharmacy using the new improved technology. Similarly, patients can use AR and VR on their glasses with pop-up reminders for medication. This would ensure the preciseness of the medicine at the right time. Patients would be given warning alerts if inappropriate medicines are picked. The increase in the acceptance of this new technology is likely to help the pharmacy management application to grow at a high rate in the AR and VR in healthcare market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pinpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Ethernet Controller Market worth 11.89 Billion USD by 2023

The report "Ethernet Controller Market by Function (PHY & Integrated), Bandwidth (Ethernet, Fast Ethernet, Gigabit Ethernet), Packaging (Flip-chips, and Grid Arrays, QPF, QFN, and Others), Application and Geography - Global forecast to 2023", The Ethernet controller market is expected to grow from USD 8.28 Billion in 2017 to USD 11.89 Billion by 2023, at a CAGR of 6.22% between 2017 and 2023. The growing demand for high-performance applications, integration of advanced features, small form factor, and easy interface with 16 and 32-bit embedded CPUs are the key driving factors for the Ethernet controller market. 

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Ethernet controller market for flip-chips and grid arrays expected to grow at the highest CAGR during the forecast period

The market for flip-chip and grid arrays is expected to witness a significant growth during the forecast period owing to factors such as high pin density, low thermal resistance, and low inductance. The Ethernet controller market by packaging was dominated by the flip-chip and grid array. In 2016, flip-chip and grid array held the largest market size of the overall Ethernet controller market for packaging.  The increased adoption of the flip-chip packaging methodology is a result of its smaller size regarding both height and area. Flip-chips also offer reduced inductance, allowing higher speed signals, coupled with a considerably better heat conductivity. Also, the performance in high-frequency applications is superior when using flip-chips in comparison with the other interconnection methods, because the length of the connection path is minimized. Similarly, the grid array packages enable high-density connections. This is due to the ability of the grid arrays that allow the underside of a chip package to be used for connectivity.

Increasing use of servers is driving the Ethernet controller market

Among applications, servers are expected to lead the overall Ethernet controller market due to the highest CAGR during the forecast period. The enterprise migration to the cloud and the role of emerging technologies such as artificial intelligence, IoT, and analytics are increasing the use of servers. The increasing number of broadcasters offering direct-to-consumer (D2C) propositions through OTT services, along with traditional distribution routes has also propelled the growth of servers.
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APAC expected to hold the largest market share, while North America projected to witness the highest growth rate

APAC is expected to account for the largest share of the Ethernet controller market in 2017, followed by North America and Europe. The market in APAC is expected to grow at the highest CAGR during the forecast period. The growth of this market in APAC can be attributed to the increased use of Ethernet controller in servers, consumer applications, and desktop systems. The growth in the market for Ethernet controller in APAC is also driven by the rising demand for VoIP solutions, gaming consoles, and digital signage in the region.

The major players in the Ethernet controller market include Intel (US), Broadcom (Singapore), Microchip (US), Marvell (US), and Microsemi (US).

About MarketsandMarkets™
 
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Fluid Handling System Market worth 73.28 Billion USD by 2023

According to the new market research report "Fluid Handling System Market by Pumps (Centrifugal and Positive Displacement), Control Valves (Rotary and Linear), Flow Meters (Magnetic, Coriolis, Differential Pressure, Ultrasonic), Industry, and Geography - Global Forecast to 2023", the fluid handling system market is projected to be valued at USD 73.28 Billion by 2023, growing at a CAGR of 4.8% between 2017 and 2023. Factors driving the growth of the market include the increasing demand for different types of pumps in the oil and gas industry, high demand for advanced systems in the chemical and wastewater management industry, and increased focus on plant automation.

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Fluid handling system market for control valves expected to grow at the highest CAGR between 2017 and 2023

The growth of the control valves market can be attributed to the increasing need for wireless infrastructure to maintain/monitor equipment in various plants, revenue shift in the industry, rising demand for control valves for oil and gas and subsea applications, increased focus on automation, rising number of new nuclear plants, and enhancement of existing plants.

Pumps projected to hold the largest share of the market during the forecast period

Pumps are used across a wide range of industries such as water and wastewater, chemicals, energy and power, oil and gas, and building and construction. Thus, the increasing investment in these industries in developed as well as developing nations, in turn, increases the demand for pumps. In the global pump market, advanced intelligent pump technologies are increasingly being adopted to improve the efficiency of the pumping operation.

Market for building and construction industry to grow at the highest CAGR between 2017 and 2023

Commercial buildings and construction sites are surrounded by several types of fluids and gases through their lines to maintain the smooth operation of HVAC, fire protection, and water and wastewater management. Fluid handling systems ensure the proper flow and control of fluids in the building and construction industry. The increasing adoption of building automation systems, such as HVAC systems and fire safety systems, is expected to drive the growth of the fluid handling system market in this industry.

APAC to hold the largest share of the fluid handling system market during the forecast period

The robust presence of local and regional fluid handling system manufacturers encourages the growth of the fluid handling system market in APAC. Further, the rising demand for efficient and accurate measurement devices, increasing number of industrial infrastructural activities, and high demand for fluid handling systems in the chemicals and water and wastewater industries fuel the growth of the fluid handling system market in APAC.

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Alfa Laval AB (Sweden), Colfax Corporation (US), Crane Co. (US), Flowserve Corporation (US), and Graco Inc. (US) are among the leading players in the fluid handling system market. Other key players in the fluid handling system market include Bürkert GmbH & Co. KG (Germany), Dover Corporation (US), INDEX Corporation (US), Ingersoll-Rand plc (Ireland), and SPX Flow, Inc. (US).

About MarketsandMarkets™
 
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
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