Industrial Automation Market Size, Share, Emerging Trends, Business Growth, Development Status, Opportunity Assessment, Competitive Landscape and Regional Forecast 2023
Market Research Future published a research report on “Industrial Automation Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – November 12, 2018 /MarketersMedia/ —
Market Scenario:
Industrial Automation can be defined as the use of computer aided control devices to operate different industrial processes by replacing human involvement. Industrial 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 like PC’s/PLC’s/DCS and others. are used by the automation 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. Industrial 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 industrial 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 industrial automation market. Apart from it, developments in computer aided systems, internet of things (IoT), engineering technologies are the factors driving industrial automation. Usage of robots in industrial controller mechanisms has been a market trend. The decreasing human labor has led to a threat in industrial automation. Lack of awareness and scarcity of investment for many companies could be the major restraints for industrial automation.
Global Industrial Automation Market is expected to grow at USD 149 Billion by 2022, at 6% of CAGR between 2016 and 2022.
Key Players
The prominent players in the Industrial Automation Market are – 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)
Industrial Automation Global Market – Segmentation
• Segmentation by Type: Fixed Automation and Programmable Automation
• Segmentation by Technology: Supervisory control and data acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), Human Machine Interface (HMI) among others
• Segmentation by End Users: Machine manufacturing, Oil & gas, Aerospace & defense, Electrical & electronics, Automotive & transportation, Chemical, Pharmaceuticals, Mining & metals, Food & beverages and Electric power generation
Regional Analysis:
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.
Currently, there has been news in Japan that factory automation has paved a way for establishment of robot training centers. There has been an upward trend in industrial automation in the Asia pacific nations including Vietnam. It is proved that using industrial robots helps saving time and increasing product quality and production capacity leading to improve the competitiveness. This factors are expected to drive the industrial automation market in Asia-Pacific Region.
Industry News
November, 2017, ABB and Kawasaki Heavy Industries, two global industrial automation and robot suppliers, announced today that the companies will join forces to share knowledge and promote the benefits of collaborative robots, in particular those with dual arm designs. The global cooperation will become effective immediately. Under the new cooperation, which is the world’s first to focus on ‘cobots,’ both robot makers will continue independently manufacturing and marketing their own offerings while working together on joint technical and awareness opportunities. This includes educating policy makers, NGOs and the general public about the benefits of collaborative automation, and creating common industry approaches to safety, programming and communications.
December, 2017, -Toshiba Electronic Devices & Storage Corporation has today started to ship five new high-current photorelays in DIP4 and DIP6 packages, additions to its portfolio of photorelays incorporating MOSFETs fabricated with the latest U-MOS VIII process. The new photorelays offer multiple options, with an off-state output terminal voltage ranging from 30 to 200V and a steady on-state current of 0.7 to 5.0A. They can replace 1-Form-A mechanical relays in various DC and AC applications, contributing to improved system reliability and reducing the space needed for relays and relay drivers. They deliver a rated operating temperature of 110°C (max), making it easier to accommodate temperature margins in system designs. In addition, the new photorelays provide a rated transient on-state current three times larger than the rated steady on-state current, contributing to design safety.
December, 2017, -Emerson has agreed to acquire Cooper-Atkins, a leading manufacturer of temperature management and environmental measurement devices and wireless monitoring solutions for foodservice, healthcare and industrial markets. Cooper-Atkins is a longtime technology leader in foodservice markets with a comprehensive offering of temperature management and monitoring products for spot inspection and fixed location uses, including restaurants, supermarkets and other places where food is handled, prepared and stored. Their solutions are modernizing food quality management utilizing mobile and cloud-based quality, safety and compliance systems.
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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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Organization: Market Research Future
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