Factory automation implies a set of technologies and automatic control devices to enhance the productivity and quality of products and simultaneously decrease the production cost.
Also known as industrial automation, it minimizes human intervention in the industry and ensures a superior performance as compared to humans. It comprises the use of computers, robots, control systems, and information technologies to handle industrial processes.
According to the Segmentation of types, all the market of Automation and Controls can be divided as follows:
The first kind need to mention is Field Devices, it hold a comparatively larger share in Vietnam market, which accounts for about 63.14% in 2019.
The following is Industrial Control Systems share 23.25% market share in 2019. While others share the rest.
Increasing government funding to promote the adoption of automated systems in various industrial verticals, flourishing demand for automation from various manufacturing sectors, growing innovations in industrial robotics, increasing technological advancements in manufacturing, and demand for mass production and associated supply chain to cater to the growing population. In addition, growing digitalization and accelerating pace of change, industry 4.0 revolution, increasing demand for safety compliance of automation products, and growing manufacturing sector in emerging economies further provides significant opportunities for the various stakeholders in this market. However, factors such as rising unemployment, high capital investments, decreasing oil and gas prices affecting infrastructure related investments are expected to hinder the growth of the market to some extent.
In 2018, the global Automation and Controls market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Automation and Controls status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automation and Controls development in United States, Europe and China.
The key players covered in this study
Emerson
ABB
Mitsubishi Electric
Fuji Electric
Yokogawa
Fanuc
Schneider Electric
Bosch Rexroth
Siemens
Omron
Honeywell
Keyence
Rockwell
Universal Robots
Kuka
Johnson Controls
Market segment by Type, the product can be split into
Field Devices
Industrial Control Systems
Others
Market segment by Application, split into
Textiles and Clothing
Chemical Industry
Machinery
Electronics and Optical
Food and Beverages
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Automation and Controls status, future forecast, growth opportunity, key market and key players.
To present the Automation and Controls development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Automation and Controls are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Automation and Controls . Industry analysis & Market Report on Automation and Controls is a syndicated market report, published as Global Automation and Controls Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Automation and Controls market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.