Industrial Automation Market 2018 with focus on Production Value, Gross Margin Analysis, Sales, Demand, Emerging Technologies and Projected Industry Size by 2022

Market Synopsis of Industrial Automation Market:

Industrial automation involves using computer aided control devices to operate different industrial processes by replacing human involvement. Global industrial automation market is expected to grow at USD 149 Billion by 2022, at 6% of CAGR between 2016 and 2022.

Key Players

Siemens AG (Germany), ABB Ltd. (Switzerland), Emerson Electric Company (U.S.), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yokogawa Electric (Japan), Ametek, Inc. (U.S.), Rockwell Automation, Inc. (U.S.) and Fanuc (Japan) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Industrial Automation Market. Industrial Automation have wide range of application in several industries including oil & gas, aerospace & defense, electrical & electronics, automotive & transportation, chemical, pharmaceuticals, mining & metals, food & beverages and electric power generation among others.

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Market Synopsis of Industrial Automation Market:

Drivers

• Advantages of industrial automation such as lower operating cost, reduction in human error, lower wastage, efficient manufacturing, synchronisation of procedures, quality production, faster product lifecycle and others.
• Growing industrial base and rising number of companies
• Increasing capabilities of sensors and automation technology and the advent of robots
• Rise of complementary industries such as automotive industries and rise in demand due to rising per capita income and population around the world
• Reduction of risk and hazard in dangerous work and concurrent reduction of companies liabilities due to accidents
• Improvements in human machine interface and control the state of industrial automation equipment.
• Growing interconnectivity and internet of things, developments in computer aided systems, and others
• Growing centralisation of manufacturing and need for greater control over manufacturing variables

Restraints

• Requirement for business restructuring
• Large number of small scale industries in nations like India which do not possess the means of buying such systems
• Fragmented company structure and disoriented manufacturing
• High cost of installation and maintenance
• Opposition to automation by trade unions due to loss of employment
• Lack of awareness and scarcity of investment
• Lack of trained manpower

Segments of Industrial Automation Market:

• Type: Fixed Automation, Programmable Automation
• Technology: Supervisory control and data acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), Human Machine Interface (HMI),
• End user industries: Machine manufacturing, oil & gas, aerospace & defence, electrical & electronics, automotive & transportation, chemical, pharmaceuticals, mining & metals, food & beverages, electric power generation

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Regional Analysis of Industrial automation market

The regional analysis of Industrial automation market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. The ongoing global trend towards greater industrial automation is being reflected in an increase in the number of industrial robots into the US. The European market is led by Germany which has a large automotive industry and large players such as Audi, Volkswagen and others. The developed regions have a faster uptake of technology and large industrial sectors which drive the market in these regions. The lower population of these regions coupled with the research ecology is expected to drive the market.

The Asian pacific market is however growing at a faster rate led by China and India. Growing capacity and mass production are driving the trends for the market for industrial automation. Japan is an established behemoth of automation which suits its economy and polity well. The growing sizes and changing industrial structure also is a trend in the market. For example, mini steel plants have increasingly utilised automation to drive the market in its favour by integrating the disoriented manufacturing process generally equipped in large plants.

The Middle East and Africa market is led by nations such as Saudi Arabia, UAE and others. Africa is expected to result in moderate growth due to poor economy and smaller industrial base. The poor volume of sales of many African nations and lower qualified manpower also do not favour automation.

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