Factory Automation Market 2019 Global Industry Size, Share, Trends, Growth Factors, Historical Analysis, Opportunity Assessment and Potential of Industry 2022
Market Research Future published a research report on “Factory Automation Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India – May 1, 2019 /MarketersMedia/ —
Market Scenario:
Factory Automation can be defined as the use of computer aided control devices to operate different industrial processes by replacing human involvement. Factory Automation helps to operate multiple processes in controlled manner. It helps for mass production by reducing time and increasing production quality.
Industrial Automation consists of different levels such as sensor level, automation control level automation, supervision level and enterprise level. The sensor level can also be called as the process level that uses sensors and actuators for getting values of the process variables on periodic or continuous basis. Control devices which include PC’s, PLC’s and DCS are used by the automation companies at control level. PLC is majorly a machine control whereas DCS leads the process control. The automation control level operates using different embedded processors, PID algorithms to control all processes. Factory Automation includes various technologies as supervisory control and data acquisition (SCADA), human machine interface (HMI). Supervisory control and data acquisition is a controlled system architecture which uses computers, graphical user interfaces and network data communications for high-level processes. Human Machine Interface includes the electronics required to signal and control the state of industrial automation equipment. The major benefits of Factory Automation can be considered as replacing human involvement from risky areas of work, greater quality of production and economy improvement.
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The industry players are emphasized on increasing the efficiency of manufacturing process which is the major driver in Factory Automation market. Apart from it, developments in computer aided systems, and internet of things (IoT), engineering technologies are the factors driving Factory Automation market. Usage of robots in industrial controller mechanisms has been a market trend. However, the decreasing human labor has led to a threat in factory automation. Lack of awareness and scarcity of investment by many companies could be the major restraints for factory automation.
Key Players
The prominent players in the Factory Automation Market are – Siemens AG, ABB Ltd, Emerson Electric Corporation, Rockwell Automation, Honeywell International Inc., Schneider Electric, Rexroth Bosch Group, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, and Omron Corporation.
Industry News:
In April 2019, Kyocera Corporation, a Japanese multinational ceramic, and electronics manufacturer, has initiated construction of a new facility at Yasu manufacturing complex for the development and production of automated production equipment and strengthen its use of AI and robotics in manufacturing. It is designed to facilitate production of equipment for smart factories.
In April 2019, ATS Automation Tooling Systems Inc., a leader in factory automation, has announced the launch of its Illuminate™ manufacturing intelligence IIoT platform.
In April 2019, The Procter & Gamble Company, an American multinational producer of consumer goods, has rolled out Predix Manufacturing Data Cloud for enabling the creation of ‘connected factories.’
Market Segmentation:
By type, the global factory automation market has been segmented into fixed automation, programmable automation, flexible automation, and integrated automation. Among these, the fixed automation segment is currently placed at the leading position in the global marketplace. Its valuation is poised to reach USD 120 Bn mark by the end of 2022.
By technology, the factory automation market has been segmented into Supervisory control and data acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), and Human Machine Interface (HMI). The Supervisory control and data acquisition (SCADA) segment is anticipated to strike a CAGR of 10% over the assessment period.
By end-user industries, the global factory automation market has been segmented into manufacturing, automotive, packaging & processing, energy & power, semiconductor & electronics, printing & converting, and others. Among these, the manufacturing segment is likely to lead the market growth and scale a valuation of USD 50 Bn by 2022.
Regional Analysis:
The regional assessment of the global factory automation market covers four major regions, viz. Asia Pacific, North America, Europe and the Rest of the World (RoW). North America is likely to dominate the growth pattern of the market over the next few years. The ongoing trend of adoption of industrial robots in the U.S. is one of the major factors responsible for driving the expansion of the factory automation market in the region. Asia Pacific is a potential market for factory automation. Emerging economies such as China, Japan, etc. are anticipated to contribute significantly towards the development of the regional market in the years to come.
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Intended Audience
• Process Automation and Instrumentation Manufacturers
• Industrial Robot Manufacturers
• MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
• System Integrators
• Government Organizations
• Research/Consultancy firms
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Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 507814
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