Wiseguyreports.Com Adds “Industrial Controls and Factory Automation -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2021” To Its Research Database
Ceskaa’s projection for global industrial control and factory automation market has been witnessing growth, as the organization of resources and people is moving away from traditional systems toward integrated networks, which include both automated software and hardware elements. The elements utilized in multiple components has shown the potential to boost the growth of global industrial control and factory automation market.
The global market for industrial control and factory automation is expected to grow from $177.6 billion in 2015 to $199.9 billion in 2016 at a year-on-year (YOY) growth rate of 12.6%. In addition, the market is expected to grow at a five-year CAGR (2016 to 2021) of 5.1%, to reach $256.9 billion in 2021. The mentioned increasing trend is penetrating across society and the global economy. Industries like Aerospace & Defense, Transportation, Electrical & Electronics, Manufacturing, Food & Beverages, Oil & Gas, Pharmaceuticals, Chemicals and Water management have all focused toward complete automation.
In many situations, increased reliance on control and automations sources, including DCS, HMI, MES, PLC, PLM and SCADA technologies, will serve as a key component toward reaching climate change, energy security and environmental goals of political entities across the globe.
SCADA – SUPERVISORY CONTROL AND DATA ACQUISITION
PLM – PRODUCT LIFE CYCLE MANAGEMENT
PLC – PROGRAMMABLE LOGIC CONTROLLER
DCS – DISTRIBUTED CONTROL SYSTEM
HMI – HUMAN MACHINE INTERFACE
MES – MANUFACTURING EXECUTION SYSTEM
WIRED NETWORK (INDUSTRIAL ETHERNET)
SHORT RANGE WIRELESS NETWORK
WI-FI SHORT RANGE WIRELESS NETWORK
BLUETOOH SHORT RANGE WIRELESS NETWORK
OTHERS SHORT RANGE WIRELESS NETWORK
MACHINE VISION SYSTEM
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