Material handling application uses various equipment for operations, which need automation control and monitoring for effective functioning. Automation control solutions allow end-user industries to exercise better control over material handling. Automation control solutions help to reduce errors, decrease cycle time, and streamline processes. Other key benefits are better control during operation and higher energy efficiency. The global industrial automation and control market considers under its scope, the sales revenue from implementations of PLCs and DCSs, including hardware components such as drives and sensors. In recent years, industrial automation and control have been associated with an increase in the adoption of smart devices, such as sensors, for efficient data collection and conversion of data into information. Adoption of industrial automation and control has been steady in both process and discrete industries, globally, over the last five years. The industrial automation and control market is expected to show increased growth momentum in developing economies such as India, China, Mexico, and Indonesia over the forecast period.
“The latest trend gaining momentum in the market is Integration of IoT to reduce operational cost. The global automation control market for material handling is growing with the adoption of IoT. The deployment of IoT in factories helps end-user businesses to utilize automation control solutions in improving productivity and reducing downtime costs. The developments in real-time 3D volumetric model help in performing operations efficiently. The development in automation control with IoT helps to anticipate failures in advance and save money.”
According to the report, one of the major drivers for this market is Low cost of sensors and transmitters. Automation control products are shaping the future of material handling applications with the adoption of sensors and transmitters in material handling equipment. The low cost of sensors and transmitters coupled with the deployment of advanced wireless communication technologies is driving the global automation control market for material handling. Advanced wireless communication technologies such as Bluetooth Low Energy (BLE) and ZigBee have proven to be effective in carrying information over short distances while maintaining low power consumption. ZigBee is particularly effective in remote and harsh environment. For remote applications, wireless sensors are ideal. Thus, it is expected that the fall in prices of wireless sensors will spur the growth of automation control for material handling in process industries. In non-critical systems, the implementation of wired sensors is significantly higher. A similar fall in prices of wired sensors is expected to push their adoption for non-critical applications over the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Interoperability challenges. Interoperability is the ability of systems to provide information to and exchange data with other systems for planning, integration, execution, and coordination. The integration of automation control products and solutions in material handling with traditional systems, for cross-platform compatibility in the industry, faces interoperability challenges. End-user industries such as oil and gas, chemical and petrochemical, and power generation (remote operations) face such issues as they depend on legacy equipment, which is expensive to replace.
The global Automation Control for Material Handling market was valued at 24200 million US$ in 2018 and will reach 35200 million US$ by the end of 2025, growing at a CAGR of 5.5% during 2019-2025.
This report focuses on Automation Control for Material Handling volume and value at global level, regional level and company level. From a global perspective, this report represents overall Automation Control for Material Handling market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Automation Control for Material Handling in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Automation Control for Material Handling manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
ABB
Emerson
Honeywell
Rockwell Automation
Siemens
Accord Technologies
Analog Devices
CAN-ENG Furnaces International
Eaton
Flintec
GE
MEL Systems and Services
Mitsubhishi
OMRON
Rexroth Bosch
Schneider Electric
Yokogawa Electric
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Distributed control systems (DCS)
Programmable logic controllers (PLC)
Motion Control
Segment by Application
Process industry
Discrete industry
Summary:
Get latest Market Research Reports on Automation Control for Material Handling. Industry analysis & Market Report on Automation Control for Material Handling is a syndicated market report, published as Global Automation Control for Material Handling Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Automation Control for Material Handling market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.