Global Industrial Automation Market By Component (Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface, Industrial PC, Sensors, Industrial 3D Printing), Solution (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Functional Safety, Plant Asset Management (PAM)), Industry (Process Industry, Discrete Industry), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Industrial Automation Market

Global industrial automation market is to register a substantial CAGR of 8.8% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the adoption of industrial robots in manufacturing sector for fast production capacities.

Market Definition: Global Industrial Automation Market

An industrial automation service operates machinery and different processes through controlled system such as computers, robots, control systems and information technologies. Automation is the key to standardize manufacturing, fast production, cost reduction, product quality and minimizing cost and many more facilities. It reduces the dependency on manual labor in different industries and ensures pace for mass production with superior performance as compared to humans.

Market Drivers:

Industrial automation improves product quality and flexibility of manufacturing process is a driver for this market

Focus on optimum utilization of resources is a driver for this market

Government initiatives regarding adoption of industrial automation in different industries is boosting the growth of this market

Technological advancement in control, process monitoring and industrial automation is driving the growth of the market

Market Restraints:

High cost and high capital investment required for industrial automation hinders the growth of this market

Issues regarding security is restraining the market growth

Lack of professionals in industrial automation may hinder the growth of the market

Segmentation: Global Industrial Automation Market

By Component

Industrial Robots Traditional Industrial Robots Articulated Robots Cartesian Robot Selective Compliance Assembly Robot ARM(SCARA) Parallel Robot Others Collaborative Industrial Robots



Machine Vision Cameras Analog Camera Digital Camera Smart Camera Frame Gabber, Optics and Led Lighting Processors and Software



Control Valves

Field Instruments Flow Meters Transmitters Pressure Transmitters Temperature Transmitters Level Transmitters



Human–Machine Interface (HMI)

Industrial PC

Sensors

Industrial 3D Printing

By Solution

Supervisory Control and Data Acquisition (SCADA)

Programmable Logic Controller (PLC)

Distributed Control System (DCS)

Manufacturing Execution System (MES)

Product Lifecycle Management (PLM)

Functional Safety

Plant Asset Management (PAM)

By Industry

Process Industry Oil & Gas Chemicals Paper & Pulp Pharmaceuticals Mining & Metals Food & Beverages Power Others

Discrete Industry Automotive Machine Manufacturing Semiconductor & Electronics Aerospace & Defense Medical Devices Others



By Geography

North America U.S. Canada Mexico

South America Brazil Argentina Rest of South America

Europe Germany France United Kingdom Italy Spain Russia Turkey Belgium Netherlands Switzerland Rest of Europe

Asia-Pacific Japan China South Korea India Australia Singapore Malaysia Indonesia Thailand Philippines Rest of Asia-Pacific

Middle East and Africa South Africa Egypt Saudi Arabia United Arab Emirates Israel Rest of Middle East and Africa



Key Developments in the Market

In April 2017, IBM and ABB collaborated for industrial artificial intelligence solutions and to enhance the production line through identifying critical faults throughout the manufacturing process. Customers will benefit from the profound understanding of ABB's domain and comprehensive portfolio of digital alternatives coupled with the expertise of IBM in artificial intelligence and machine learning as well as various vertical industries

In July 2018, Microsoft Corp. and GE entered into a partnership to bring operational and information technology together and to eliminate hurdles faced by the industrial companies in advancing digital transformation projects. For driving innovation across the enterprise, GE will leverage Microsoft Azure for extra IT workloads and productivity instruments such as inner Predix-based deployments. This partnership will build deeper connections between both the companies and will enables customers worldwide to harness the power of the Predix portfolio suh as Predix Asset Performance Management

Competitive Analysis

Global industrial automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial automation market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Players

Few of the major competitors currently working in global industrial automation market are Emerson Electric Co., ABB, Siemens, Schneider Electric, Endress+Hauser Management AG, Yokogawa India Ltd., Honeywell International Inc., WIKA Instruments India Pvt. Ltd., Azbil Corporation, Fuji Electric Co., Ltd, 3D Systems, Inc., HP Development Company, L.P., FANUC CORPORATION, Stratasys Ltd., Hitachi, Ltd., Tegan Innovations, Rockwell Automation, Inc., Chaos Prime, Dwyer Instruments, Inc. and others

Research Methodology: Global Industrial Automation Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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