Global Industrial Automation Market Size is estimated to expand rapidly in coming years, at a CAGR of xx.xx % from 2018 to 2025. In 2017, the global market valuation was USD xx.xx billion, and it is anticipated to be greater than USD xx.xx billion by 2025. In recent moments, global manufacturers are constantly looking for methods of transforming global operations throughout the value chain by process automation. To achieve this, the incorporation of all procedures into various activities is a prerequisite regardless of their physical place. Thanks to technological progress in system surveillance, regulate and industrial automation, production companies globally have significantly enhanced their productivity. In order to ensure that manual job is minimized in multiple industrial procedures such as the production procedures, industrial automation is concentrated in automation.
The industry includes multiple methods of automation, including robotics, IT, control systems technologies and manufacturing technologies. Automatic control system (DCS), attachment to personal equipment, conveyor straps, SCADA, programmable logic controls and conveying devices are the most common automation equipment used. In countless procedures, price of manufacturing, all the methods mentioned above perform an important part in lowering manual and work requirements, decreasing manufacturing danger and enhancing manufacturing throughput.
Strong supply from manufacturing industries and emerging countries combined with the need for stronger decision-making are important factors. The intensive rivalry is currently facing industry, which in fact stimulated market growth. One of the main drivers of this industry is the spread of technology. In addition to the cost and flexibility of industrial automation equipment, this can again hinder market growth. Security problems stay an agricultural technology problem, too.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global industrial automation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial automation market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
Industrial Automation Market: Secondary Research
To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.
Industrial Automation Market: Primary Research
For conducting primary research, several primary sources of the demand, as well as supply sides, have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in the industrial automation market are included as primary sources of the supply side.
After performing comprehensive engineering of industrial automation market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.
The industrial automation market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
Regionally, Asia Pacific region is expected to be the highest growing region in the global market of industrial automation. This growth is mainly ascribed due to high consumer base, favorable government policies, low manufacturing cost, lower cost of raw material and labors. Industry competitors collaborate or merge in order to develop their company operations in this area with national actors. Today, the United States and Europe are the biggest industrial automation industry due to economic development. Industries like drug products, chemicals, petroleum and gas, electricity, petrochemical and plastic management, mining, etc. have been seized on the industry.
Global Industrial Automation Market Size, Share Analysis by Region 2018
Global Industrial Automation Market Study Objective
1. To forecast the market size of industrial automation market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of industrial automation market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of industrial automation market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of industrial automation market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the industrial automation market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
ABB Ltd, Adept Technology, Bosch, Honeywell Solutions, Emerson Electric, Schneider Electric, Mitsubishi Electric, Yaskawa Electric, General Electric and Kuka are some of the key players in the market of industrial automation. There are different explanations for investment in automation. It helps for example to improve product quality, to improve plant efficiency and to lower emissions in extremely industrialized countries. The application of factory automation technologies in rapidly developing countries is motivated by mastering manufacturing mass. The current situation has gained significance in high product quality, high power consumption and other economic elements.
Global Industrial Automation Market Study Report Offer You!
The global industrial automation market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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