Industrial Control and Factory Automation Market worth $229.3 billion by 2025

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 2025", the global industrial control and factory automation market size is projected to reach USD 229.3 billion by 2025 from USD 151.8 billion in 2020, at a CAGR of 8.6%. The growth of this market can be driven by the factors such as increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in the manufacturing sector, connected supply chain along with mass production to meet the demands of rising population, government initiatives toward the adoption of industrial automation in various industries.

- Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Browse 79 market data Tables and 46 Figures spread through 198 Pages and in-depth TOC on "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 2025"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/factory-industrial-automation-sme-smb-market-541.html

“Sensors to capture largest market share of global industrial control and factory automation market for components”

Sensors are an essential part of industrial control and factory automation solutions. Manufacturers of sensors are continuously focusing on developing advanced solutions to help end users in enhancing their production efficiency. The smart sensor can transform simple motor into intelligent machines, which inform machine operators about the operating conditions of machines and about their servicing requirements to avoid unexpected machine breakdowns, optimizing the performance of machines. Hence, it is expected to capture the largest market share in the component of the industrial control and factory automation market by 2025.

“Process automation and control in industrial manufacturing plant drives growth for DCS ”

DCS held the largest market share of the industry control and factory automation market. This growth is attributed to a high rate of industrialization in developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. The advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

 “APAC to be largest market for industrial control and factory automation during forecast period.”

The market in Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is expected to be the fastest-growing region for the industrial control and factory automation market due to the technological innovations and high adoption of automation technologies in various industries. The major application areas for industrial control and factory automation in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automobiles. China is one of the major players from the APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for industrial control and factory automation in this country.

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US), and Dwyer (US), among many others.

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 7500 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, "Knowledgestore" 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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

 

Industrial Control and Factory Automation Market worth $229.3 billion by 2025

 

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 2025", the global industrial control and factory automation market size is projected to reach USD 229.3 billion by 2025 from USD 151.8 billion in 2020, at a CAGR of 8.6%. The growth of this market can be driven by the factors such as increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in the manufacturing sector, connected supply chain along with mass production to meet the demands of rising population, government initiatives toward the adoption of industrial automation in various industries.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Browse 79 market data Tables and 46 Figures spread through 198 Pages and in-depth TOC on "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 2025"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/factory-industrial-automation-sme-smb-market-541.html

“Sensors to capture largest market share of global industrial control and factory automation market for components”

Sensors are an essential part of industrial control and factory automation solutions. Manufacturers of sensors are continuously focusing on developing advanced solutions to help end users in enhancing their production efficiency. The smart sensor can transform simple motor into intelligent machines, which inform machine operators about the operating conditions of machines and about their servicing requirements to avoid unexpected machine breakdowns, optimizing the performance of machines. Hence, it is expected to capture the largest market share in the component of the industrial control and factory automation market by 2025.

“Process automation and control in industrial manufacturing plant drives growth for DCS ”

DCS held the largest market share of the industry control and factory automation market. This growth is attributed to a high rate of industrialization in developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. The advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

 “APAC to be largest market for industrial control and factory automation during forecast period.”

The market in Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is expected to be the fastest-growing region for the industrial control and factory automation market due to the technological innovations and high adoption of automation technologies in various industries. The major application areas for industrial control and factory automation in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automobiles. China is one of the major players from the APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for industrial control and factory automation in this country.

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US), and Dwyer (US), among many others.

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 7500 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, "Knowledgestore" 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. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Industrial Control and Factory Automation Market worth $229.3 billion by 2025

 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 2025", the global industrial control and factory automation market size is projected to reach USD 229.3 billion by 2025 from USD 151.8 billion in 2020, at a CAGR of 8.6%. The growth of this market can be driven by the factors such as increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in the manufacturing sector, connected supply chain along with mass production to meet the demands of rising population, government initiatives toward the adoption of industrial automation in various industries.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Browse 79 market data Tables and 46 Figures spread through 198 Pages and in-depth TOC on "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 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/factory-industrial-automation-sme-smb-market-541.html

“Sensors to capture largest market share of global industrial control and factory automation market for components”

Sensors are an essential part of industrial control and factory automation solutions. Manufacturers of sensors are continuously focusing on developing advanced solutions to help end users in enhancing their production efficiency. The smart sensor can transform simple motor into intelligent machines, which inform machine operators about the operating conditions of machines and about their servicing requirements to avoid unexpected machine breakdowns, optimizing the performance of machines. Hence, it is expected to capture the largest market share in the component of the industrial control and factory automation market by 2025.

“Process automation and control in industrial manufacturing plant drives growth for DCS ”

DCS held the largest market share of the industry control and factory automation market. This growth is attributed to a high rate of industrialization in developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. The advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

 “APAC to be largest market for industrial control and factory automation during forecast period.”

The market in Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is expected to be the fastest-growing region for the industrial control and factory automation market due to the technological innovations and high adoption of automation technologies in various industries. The major application areas for industrial control and factory automation in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automobiles. China is one of the major players from the APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for industrial control and factory automation in this country.

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US), and Dwyer (US), among many others.

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 7500 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, "Knowledgestore" 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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Industrial Control and Factory Automation Market worth $229.3 billion by 2025

 

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 2025", the global industrial control and factory automation market size is projected to reach USD 229.3 billion by 2025 from USD 151.8 billion in 2020, at a CAGR of 8.6%. The growth of this market can be driven by the factors such as increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in the manufacturing sector, connected supply chain along with mass production to meet the demands of rising population, government initiatives toward the adoption of industrial automation in various industries.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US), and Dwyer (US), among many others.

Browse 79 market data Tables and 46 Figures spread through 198 Pages and in-depth TOC on "Industrial Control and Factory Automation Market by Industry, and Geography - Global Forecast to 2025"

“Sensors to capture largest market share of global industrial control and factory automation market for components”

Sensors are an essential part of industrial control and factory automation solutions. Manufacturers of sensors are continuously focusing on developing advanced solutions to help end users in enhancing their production efficiency. The smart sensor can transform simple motor into intelligent machines, which inform machine operators about the operating conditions of machines and about their servicing requirements to avoid unexpected machine breakdowns, optimizing the performance of machines. Hence, it is expected to capture the largest market share in the component of the industrial control and factory automation market by 2025.

“Process automation and control in industrial manufacturing plant drives growth for DCS ”

DCS held the largest market share of the industry control and factory automation market. This growth is attributed to a high rate of industrialization in developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. The advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

 “APAC to be largest market for industrial control and factory automation during forecast period.”

The market in Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is expected to be the fastest-growing region for the industrial control and factory automation market due to the technological innovations and high adoption of automation technologies in various industries. The major application areas for industrial control and factory automation in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automobiles. China is one of the major players from the APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for industrial control and factory automation in this country.

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 7500 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, "Knowledgestore" 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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Industrial Control and Factory Automation Market worth $229.3 billion by 2025

 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 2025", the global industrial control and factory automation market size is projected to reach USD 229.3 billion by 2025 from USD 151.8 billion in 2020, at a CAGR of 8.6%. The growth of this market can be driven by the factors such as increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in the manufacturing sector, connected supply chain along with mass production to meet the demands of rising population, government initiatives toward the adoption of industrial automation in various industries.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US), and Dwyer (US), among many others.

Browse 79 market data Tables and 46 Figures spread through 198 Pages and in-depth TOC on "Industrial Control and Factory Automation Market - Global Forecast to 2025"

“Sensors to capture largest market share of global industrial control and factory automation market for components”

Sensors are an essential part of industrial control and factory automation solutions. Manufacturers of sensors are continuously focusing on developing advanced solutions to help end users in enhancing their production efficiency. The smart sensor can transform simple motor into intelligent machines, which inform machine operators about the operating conditions of machines and about their servicing requirements to avoid unexpected machine breakdowns, optimizing the performance of machines. Hence, it is expected to capture the largest market share in the component of the industrial control and factory automation market by 2025.

“Process automation and control in industrial manufacturing plant drives growth for DCS ”

DCS held the largest market share of the industry control and factory automation market. This growth is attributed to a high rate of industrialization in developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. The advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

 “APAC to be largest market for industrial control and factory automation during forecast period.”

The market in Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is expected to be the fastest-growing region for the industrial control and factory automation market due to the technological innovations and high adoption of automation technologies in various industries. The major application areas for industrial control and factory automation in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automobiles. China is one of the major players from the APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for industrial control and factory automation in this country.

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 7500 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, "Knowledgestore" 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. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Industrial Control and Factory Automation Market worth $229.3 billion by 2025

 

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 2025", the global industrial control and factory automation market size is projected to reach USD 229.3 billion by 2025 from USD 151.8 billion in 2020, at a CAGR of 8.6%. The growth of this market can be driven by the factors such as increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in the manufacturing sector, connected supply chain along with mass production to meet the demands of rising population, government initiatives toward the adoption of industrial automation in various industries.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Browse 79 market data Tables and 46 Figures spread through 198 Pages and in-depth TOC on "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 2025"

“Sensors to capture largest market share of global industrial control and factory automation market for components”

Sensors are an essential part of industrial control and factory automation solutions. Manufacturers of sensors are continuously focusing on developing advanced solutions to help end users in enhancing their production efficiency. The smart sensor can transform simple motor into intelligent machines, which inform machine operators about the operating conditions of machines and about their servicing requirements to avoid unexpected machine breakdowns, optimizing the performance of machines. Hence, it is expected to capture the largest market share in the component of the industrial control and factory automation market by 2025.

“Process automation and control in industrial manufacturing plant drives growth for DCS ”

DCS held the largest market share of the industry control and factory automation market. This growth is attributed to a high rate of industrialization in developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. The advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

 “APAC to be largest market for industrial control and factory automation during forecast period.”

The market in Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is expected to be the fastest-growing region for the industrial control and factory automation market due to the technological innovations and high adoption of automation technologies in various industries. The major application areas for industrial control and factory automation in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automobiles. China is one of the major players from the APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for industrial control and factory automation in this country.

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US), and Dwyer (US), among many others.

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 7500 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, "Knowledgestore" 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. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Industrial Control and Factory Automation Market Growth Opportunities concealed in rising Economies by 2024

The 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 2024", The industrial control and factory automation market is likely to reach USD 269.5 billion by 2024 from USD 160.0 billion in 2018, at a CAGR of 9.08%. The growth of this market can be attributed to the increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in manufacturing sector, connected supply chain along with mass production to cater rising population, government initiatives towards, the adoption of industrial automation in various industries.

• Request Sample pages Of Report :-
https://www.marketsandmarkets.com/requestsampleNew.asp?id=541

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US) and Dwyer (US), among many others.

Browse 119 market data Tables and 48 Figures spread through 222 Pages and in-depth TOC on "Industrial Control and Factory Automation Market - Global Forecast to 2024"

“Articulated robots dominate the industrial robot market”

The industrial robots segment is growing at a significant pace during the forecast period and has the highest market share of components in the industrial control and factory automation market. Manufacturers are installing industrial robots to make production and distribution easy and efficient. The installation of industrial robots is lessening the human intervention in production process, thereby reducing the cost of manufacturing with increase in quality and production capacity.

“Process automation and control in industrial manufacturing plant drives the growth for DCS ”

DCS held the highest market share in the solutions of industry control and factory automation market. This growth is attributed to a high rate of industrialization rate in the developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. Advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

“Process industries to lead the industrial control and factory automation market from 2018 to 2024”

Process industries had the higher market share in industry control and factory automation market in 2017. The rate of adoption of solutions related to the industrial control and factory automation is high in process industries owing to rising cost pressure on manufacturers to optimize the production process. Furthermore, increasing demand for real-time visibility and complex operations in oil and gas, power, metals and mining, and food & beverages industries is expected to drive the demand for industrial control and factory automation solutions in the process industry. Due to the complex nature of the automation in the process industry, the number of components and technologies deployed in the process industry is higher than the discrete industry. Particularly, control technologies, such as DCS, is employed only in the process industry and the number of PLCs and PACs is employed more in the process industry than the discrete industry.

• Enquiry Before Buying :-
https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=541

“APAC to be the largest market for industry control and factory automation during the forecast period”

Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is the fastest growing region for industrial control and factory automation market due to the technological innovation and increasing adoption of the automation technologies in various industries. The major application industries for the industrial control and factory automation market in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automotive. China is one of the major players from APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve the Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for the industrial control and factory automation in this country.

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 7500 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.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Industrial Control and Factory Automation Market New Growth Opportunities worth $269.5 billion – Business Data 2024

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 2024", The industrial control and factory automation market is likely to reach USD 269.5 billion by 2024 from USD 160.0 billion in 2018, at a CAGR of 9.08%.

About : Industrial Control and Factory Automation Market

The growth of this market can be attributed to the increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in manufacturing sector, connected supply chain along with mass production to cater rising population, government initiatives towards, the adoption of industrial automation in various industries.

• Request Sample Pages of Report :- 

https://www.marketsandmarkets.com/requestsampleNew.asp?id=541

Major Players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US) and Dwyer (US), among many others.

Browse 119 market data Tables and 48 Figures spread through 222 Pages and in-depth TOC on "Industrial Control and Factory Automation Market"
“Articulated robots dominate the industrial robot market”

The industrial robots segment is growing at a significant pace during the forecast period and has the highest market share of components in the industrial control and factory automation market. Manufacturers are installing industrial robots to make production and distribution easy and efficient. The installation of industrial robots is lessening the human intervention in production process, thereby reducing the cost of manufacturing with increase in quality and production capacity.

“Process automation and control in industrial manufacturing plant drives the growth for DCS ”

DCS held the highest market share in the solutions of industry control and factory automation market. This growth is attributed to a high rate of industrialization rate in the developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. Advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

“Process industries to lead the industrial control and factory automation market from 2018 to 2024”

Process industries had the higher market share in industry control and factory automation market in 2017. The rate of adoption of solutions related to the industrial control and factory automation is high in process industries owing to rising cost pressure on manufacturers to optimize the production process. Furthermore, increasing demand for real-time visibility and complex operations in oil and gas, power, metals and mining, and food & beverages industries is expected to drive the demand for industrial control and factory automation solutions in the process industry. Due to the complex nature of the automation in the process industry, the number of components and technologies deployed in the process industry is higher than the discrete industry. Particularly, control technologies, such as DCS, is employed only in the process industry and the number of PLCs and PACs is employed more in the process industry than the discrete industry.

“APAC to be the largest market for industry control and factory automation during the forecast period”

Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is the fastest growing region for industrial control and factory automation market due to the technological innovation and increasing adoption of the automation technologies in various industries. The major application industries for the industrial control and factory automation market in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automotive. China is one of the major players from APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve the Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for the industrial control and factory automation in this country.

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 7500 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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Increased Payload Capacity and Reliability expect Industrial Control and Factory Automation Market worth $269.5 billion by 2024

“Articulated robots dominate the industrial robot market”

The industrial robots segment is growing at a significant pace during the forecast period and has the highest market share of components in the industrial control and factory automation market. Manufacturers are installing industrial robots to make production and distribution easy and efficient. The installation of industrial robots is lessening the human intervention in production process, thereby reducing the cost of manufacturing with increase in quality and production capacity.

Browse 119 market data Tables and 48 Figures spread through 222 Pages and in-depth TOC on "Industrial Control and Factory Automation Market"

Major Players : Industrial Control and Factory Automation Market

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US) and Dwyer (US), among many others.

“Process automation and control in industrial manufacturing plant drives the growth for DCS ”

DCS held the highest market share in the solutions of industry control and factory automation market. This growth is attributed to a high rate of industrialization rate in the developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. Advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

“Process industries to lead the industrial control and factory automation market from 2018 to 2024”

Process industries had the higher market share in industry control and factory automation market in 2017. The rate of adoption of solutions related to the industrial control and factory automation is high in process industries owing to rising cost pressure on manufacturers to optimize the production process. Furthermore, increasing demand for real-time visibility and complex operations in oil and gas, power, metals and mining, and food & beverages industries is expected to drive the demand for industrial control and factory automation solutions in the process industry. Due to the complex nature of the automation in the process industry, the number of components and technologies deployed in the process industry is higher than the discrete industry. Particularly, control technologies, such as DCS, is employed only in the process industry and the number of PLCs and PACs is employed more in the process industry than the discrete industry.

“APAC to be the largest market for industry control and factory automation during the forecast period”

Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is the fastest growing region for industrial control and factory automation market due to the technological innovation and increasing adoption of the automation technologies in various industries. The major application industries for the industrial control and factory automation market in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automotive. China is one of the major players from APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve the Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for the industrial control and factory automation in this country.

About MarketsandMarkets™
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Industrial Control and Factory Automation Market worth $269.5 billion by 2024

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 2024", The industrial control and factory automation market is likely to reach USD 269.5 billion by 2024 from USD 160.0 billion in 2018, at a CAGR of 9.08%. The growth of this market can be attributed to the increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in manufacturing sector, connected supply chain along with mass production to cater rising population, government initiatives towards, the adoption of industrial automation in various industries.

• Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Browse 85 market data Tables and 48 Figures spread through 222 Pages and in-depth TOC on "Industrial Control and Factory Automation Market - Global Forecast to 2024" View detailed Press Release here -
https://www.marketsandmarkets.com/PressReleases/factory-automation.asp

“Articulated robots dominate the industrial robot market”

The industrial robots segment is growing at a significant pace during the forecast period and has the highest market share of components in the industrial control and factory automation market. Manufacturers are installing industrial robots to make production and distribution easy and efficient. The installation of industrial robots is lessening the human intervention in production process, thereby reducing the cost of manufacturing with increase in quality and production capacity.

“Process automation and control in industrial manufacturing plant drives the growth for DCS ”

DCS held the highest market share in the solutions of industry control and factory automation market. This growth is attributed to a high rate of industrialization rate in the developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. Advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

“Process industries to lead the industrial control and factory automation market from 2018 to 2024”

Process industries had the higher market share in industry control and factory automation market in 2017. The rate of adoption of solutions related to the industrial control and factory automation is high in process industries owing to rising cost pressure on manufacturers to optimize the production process. Furthermore, increasing demand for real-time visibility and complex operations in oil and gas, power, metals and mining, and food & beverages industries is expected to drive the demand for industrial control and factory automation solutions in the process industry. Due to the complex nature of the automation in the process industry, the number of components and technologies deployed in the process industry is higher than the discrete industry. Particularly, control technologies, such as DCS, is employed only in the process industry and the number of PLCs and PACs is employed more in the process industry than the discrete industry.

“APAC to be the largest market for industry control and factory automation during the forecast period”

Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is the fastest growing region for industrial control and factory automation market due to the technological innovation and increasing adoption of the automation technologies in various industries. The major application industries for the industrial control and factory automation market in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automotive. China is one of the major players from APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve the Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for the industrial control and factory automation in this country.

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US) and Dwyer (US), among many others.

Don’t miss out on business opportunities in Industrial Control and Factory Automation Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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 7500 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, "Knowledgestore" 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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

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.

• Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownload.asp?id=541

Browse 69 Market Data Tables and 89 Figures spread through 218 Pages and in-depth TOC on "Industrial Control and Factory Automation Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/factory-industrial-automation-sme-smb-market-541.html
Early buyers will receive 10% customization on reports.

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.

• Speak to Analyst :-
https://www.marketsandmarkets.com/speaktoanalyst.asp?id=541

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).

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.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com