Siemens (Germany) and ABB (Switzerland) are Some of the Leading Players in the Industrial Control and Factory Automation Market – Report by MarketsandMarkets™

“Industrial Control and Factory Automation Market”
Automation systems provide real-time information and advanced predictive monitoring, which helps in increasing the productivity of the plants. SCADA, HMI, DCS are the various solutions, which help in providing real time data and ensuring continuous inspection of the plants and systems, thereby improving the manufacturing process.

Siemens was the leading company in the industrial control and factory automation market in 2016. The company manufactures a complete range of automation products needed in manufacturing plants such as MES, monitoring systems, PC-based automation, and PLM software. Factors that are driving the growth of the market include the extensive use of enabling technologies in manufacturing, continuous innovation in industrial robotics boosting its adoption in manufacturing, need for mass production and connected supply chain to cater to the growing population, and government initiatives toward the adoption of industrial automation in various industries.

• Download Informational PDF Brochure :-

Browse 69 Market Data Tables and 89 Figures spread through 218 Pages and in-depth TOC on “Industrial Control and Factory Automation Market – Global Forecast to 2023”
Early buyers will receive 10% customization on reports.

The company offers a wide industrial automation portfolio of products, which helps it to gain a competitive advantage in the industrial control and factory automation market. The launch of Sinema Server network software in July 2017 for industrial applications that visualize and monitor networks facilitated the expansion of its base. To maintain its position in the market, the company has been focusing on inorganic growth strategies such as collaboration. In June 2017, the company collaborated with Tata Consultancy Services (India) for procuring a cloud-based software named MindSphere, which helps in the preventive maintenance in manufacturing plants. Moreover, the company focuses on the strategy of contracts. In May 2017, Siemens received a contract by Colbun S.A. (Chile) to upgrade the Central Termoelectrica Nehuenco-I plant in which Siemens used its automation SPPA-T3000 control system.

DCS to hold largest share of the industrial control and factory automation market during forecast period

Distributed Control System (DCS) handles the entire control structure of a plant as a single automation system. The installation of DCS in the power generation industry enables the companies to reduce downtime and improve production using optimal resources. The application of DCS in the oil & gas industry has also increased significantly with the rise in exploration activities in the oil fields. There are many benefits of using DCS systems in manufacturing plants such as ensuring decision integrity, simplifying complex operations, and increasing productivity. These benefits are influencing the growth of the industrial control and factory automation market.

IIoT to hold largest share of enabling technology supporting the manufacturing industries by 2023

Industrial Internet of Things (IIoT) used in manufacturing plants is an amalgamation of machine learning, big data, sensor data, and machine-to-machine (M2M) communication. The several processes in the manufacturing industries, such as shipping/logistics/transportation, assembly, packaging, and warehousing, use IIoT for better connectivity with the other connecting devices. The advantages include predictive and proactive maintenance, real-time monitoring, asset/resource optimization, and remote diagnosis. The IIoT supports the industrial control and factory automation market by providing real-time connectivity in the production process.

Industrial robots to hold largest share of industrial control and factory automation market by 2023

Industrial robots are re-shaping manufacturing industries by decreasing the manual labor. Industrial robots are used in industrial plants to provide the best outcome with no errors from a remote location. Using the automated robots in industrial production line reduces the time, cost, and waste, as well as helps in producing high-quality products with precision. Industrial robots offer various benefits such as accuracy, flexibility, lower labor cost, high speed, less product damage, and quiet operation. Different types of robots are used for various purposes in the industries. These factors drive the growth of the industrial control and factory automation market for industrial robots.

APAC to hold largest share of industrial control and factory automation market by 2023

The major application industries for the industrial control and factory automation market in Asia Pacific (APAC) are food, automotive, paper, textile, packaging, and printing. APAC is preferred as a manufacturing hub and hence motor vehicle suppliers such as Volkswagen (Germany), Toyota Motor (Japan), Renault (France), Daimler (Germany), and the local manufacturers such as Tata Motors (India), and Mahindra and Mahindra (India) have made investments in automation to support the growth of the market in this region. Adoption of automation in the automotive industry in APAC drives the growth of the industrial control and factory automation market in this region.

• Request Sample Pages of Report :-

The major players in the industrial control and factory automation market are Siemens (Germany), ABB (Switzerland), Emerson (US), Mitsubishi (Japan), and Schneider (France), Rockwell (US), General Electric (US), Yokogawa (Japan), Omron (Japan), and Honeywell (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States