Industrial Controls and Factory Automation Market - Global Forecast & Analysis to 2014 - 2020
Integration of smart mechanical systems with IT technology has pushed the Industrial Controls and Factory Automation Market to the new heights. These systems are now being used in the industries to make the standardized and reliable production activities. The automation in the production activities are offering advantages in: cost-efficiency, waste reduction, speed production, ease in production monitoring and management, reduced feedback and action times, over the traditional manual processes. The various mechanical instruments and devices are coupled with the smart computing or IT systems for the better results in automation. The scope of the industrial controls and factory automation is not limited to the production floor, but it is extended to the overall business processes. The software systems like Enterprise Resource planning (ERP) are helping the market to extend their service offerings. It is indirectly offering customers better quality, standardized and reliable products within time and at affordable cost.
The Industrial Controls and Factory Automation market is projected to reach $301.9 Billion by 2020, from $171.2 Billion in the year 2013, with a CAGR of 8.53%. the major players in the market includes: as Siemens Ag (Germany), ABB LTD (Switzerland), Emerson Electric Company (U.S), Rockwell Automation Inc (U.S.), Schneider Electric SA (France) and Honeywell International Inc (U.S.).
The main drivers for the market includes, increasing focus on energy saving and efficiency improvement, internet of things and services playing crucial role in integration of manufacturing and engineering. The other driver is country specific force for manufacturing activities and shifting change in the manufacturing base.
The report covers the market by technology, field devices, applications and geography of the market. It provides the detailed analysis of the current market scenario and its estimation till the year 2020. The market is expected to grow well in developing regions such as APAC, which is mainly attributed to the fact that there will be a rise in factory automation and industry control system implementation.
The report describes the value chain for market by considering all the major stakeholders in the market and their role in the analysis. The report also provides a detailed study of the Porter’s five force analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them.
The Americas, region leads in the market share of Industrial Controls and Factory Automation market, with more developments in the market. The recently released new industrial policies in the U.S. are to accelerate the investments in the industries. The APAC region is projected to grow with a highest CAGR in the market.
The report covers the brief description of major players that are active in the Industy Control and Factory Automation market. It also covers the competitive landscape of these players which includes the key growth strategies.
Scope of the report
The research report categorizes the “Industrial controls and Factory automation Market” on the basis of the different technology & services, field devices, application, and geographical analysis.
On the basis of Technology & Services
The different technology & services for industrial controls and factory automation systems includes industrial control systems (ICS), manufacturing execution system (MES), enterprise resource planning, integrated manufacturing system, machine vision systems, motion control drives, information technology system, and system integration services.
On the basis Field devices
The different field devices in factory automation systems are industrial networks, control devices, industrial robotics, and others.
On the basis Application
The different applications of the systems are in discrete industry and process industry.
On the basis of geography
The geography segmentation includes the Americas, Europe, APAC and Rest of the world (ROW).
The report covers the market data and information, with regards to the market drivers, trends and opportunities, key players, and competitive outlook. This report also makes ways for market tables to cover the sub-segments. In addition, it profiles ten companies, which include overview, products & services, financials, strategy, SWOT analysis, recent developments and MnM View.
Source : http://www.marketsandmarkets.com