The Global Industrial Automation Market research report additionally talks about the diverse improvement plans and arrangements of the business, item details, the way toward assembling the item, creation volume, and item draft. Additionally, the report gives a clear overview of the business practicality, market methodologies, venture return investigation, item volume, free market activity proportion, and the business value chain. In this report, the key distributors, particular merchants, traders, information assets, and supplement, have been examined.
The Global Industrial Automation Market accounted to USD 192.8 billion in 2016 growing at a CAGR of 7.2% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2019 to 2026.
Industrial automation is defined as the amalgamation of all machinery, processing systems, test facilities and factories which became automated because of great technological progress. The latest trend in this market are increased in usage of robots in industries, untapped regions like Asia Pacific shows growth opportunity for the market, recent technological developments in industrial automation will grow the market further.There is need of Industrial automation for several industries like Automotive and Transportation, Metals and Mining, Energy and Power System, Chemical, Material, and Food, Measurement and Instrumentation, Environment and Building Technologies, Heavy Industries, Oil and Gas, Pulp and Paper, and Hydro Powerwill create a huge market for the industrial automation.
Major Market Drivers:
- Growing interest in international competitive shooting
- Increasing use in entertainment gaming
- Health benefits of shooting sports and enhancement of physicaldiscipline to raise demand for global events
- High procurement costs
- Stringent game hunting regulations
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Major Key players profiled in this report are:
ABB Ltd, Adept Technology, Bosch, Honeywell Solutions, Emerson Electric, Schneider Electric, Mitsubishi Electric, Yaskawa Electric,Kuka, Nextnine Ltd, General Electric Company, Yokogawa Electric Corporation, Voith GmbH., and FANUCCorporationamong others. In 2017, ABB acquired B&R, a major player in machine and automation. This will help the ABB to strengthen its position in market.
On the basis of automation type the industrial automation market is segmented into Distributed Control System (DCS), Programmable Logic Control Systems (PLC), Machine Vision Systems, Manufacturing Execution Systems (MES), Human Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), Product Lifecycle Management (PLM), Plant Asset Management, Computer Numerical Control (CNC) Routers, and Electronic Control Units (ECU). The SCADA market is expected to grow in the forecasted period.
On the basis of geography, industrial automation market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
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On the basis of application the industrial automation market is segmented into Automotive and Transportation, Metals and Mining, Energy and Power System, Chemical, Material, and Food, Measurement and Instrumentation, Environment and Building Technologies, Heavy Industries, Oil and Gas, Pulp and Paper, and Hydro Power. The Environment and Building Technologies market is expected to grow in the forecasted period.
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