Global Industrial Control and Factory Automation Market Report 2019 – Immense Benefits Tendered By Industry 4.0 for Industrial Manufacturing

DUBLIN, Feb. 11, 2019 /PRNewswire/ —

The “Industrial Control and Factory Automation Market by Solution, Component, Industry and Geography – Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The industrial control and factory automation market is expected to grow from USD 160.0 billion in 2018 to USD 269.5 billion by 2024, at a CAGR of 9.08%.

The growth of this market can be attributed to the increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in manufacturing sector, connected supply chain along with mass production to cater rising population, government initiatives towards, the adoption of industrial automation in various industries. However, the fluctuating market trend observed in end-user industries is likely to hamper the demand for field instruments and significant capital investment required for automation solutions are the restraints for the market.

Industrial 3D printers optimize end-use parts manufacturing and prototype production for a wide range of products

The market for 3D printers in components is expected to grow at a high rate from 2018 to 2024. Industrial 3D printing comprises scanning and printer software. Scanning software has a huge potential owing to its use at various stages of product development, such as concept phase, design, prototype, engineering, production, and quality control.

Capturing physical measurements of any physical object to add or improve the parts through CAD and comparison of parts at different phases of development are key factors expected to drive the market for scanning software. Scanning software allows the manufacturing of tools by 3D printing without working on the design by simply scanning the tool that has already been developed using traditional methods.

Cost-saving and operation optimization drive the market for MES

The industrial control and factory automation market for MES solution is likely to grow at the highest rate from 2018 to 2024. Manufacturers are adopting the MES technology to reduce cost and provide opportunities in the operation and deliverance of high-performance production assets across the supply chain. This is leading toward high growth rate for the MES segment.

APAC to be fastest-growing market for industrial control and factory automation during the forecast period

Among all regions, the market in APAC is expected to grow at the highest rate from 2018 to 2024. The growth of the market in this region is attributed to the technological innovation and increasing adoption of the automation technologies in various industries. Key industries for the industrial control and factory automation market in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, automotive, APAC is an auto-manufacturing hub, and hence motor vehicle suppliers such as Volkswagen (Germany), Toyota Motor Corporation (Japan), Renault-Nissan Alliance (Netherlands), Daimler (Germany), and local manufacturers such as Tata Motors (India) and Mahindra and Mahindra (India) have made investments in automating their production sites in the coming years.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Industrial Control and Factory Automation Market
4.2 Industrial Control and Factory Automation Market, By Solution (2018-2024)
4.3 Industrial Control and Factory Automation Market, By Component (2018-2024)
4.4 Industrial Control and Factory Automation Market, By Process Industry (2018-2024)
4.5 Industrial Control and Factory Automation Market, By Discrete Industry (2018-2024)
4.6 Industrial Control and Factory Automation Market, By Region (2018-2024)

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Increasing Use of Enabling Technologies in Manufacturing
5.1.1.2 Rising Adoption of Industrial Robots in Manufacturing Sector Driven By Collaborative Robots
5.1.1.3 Connected Enterprise Along With Mass Production to Cater to Rising Population
5.1.1.4 Government Initiatives Toward the Adoption of Industrial Automation in Various Industries
5.1.1.5 Emphasis on Industrial Automation and Optimum Utilization of Resources
5.1.2 Restraints
5.1.2.1 Significant Capital Investment Required for Automation Solutions
5.1.2.2 Fluctuating Market Trend Observed in End-Use Industries Likely to Hamper the Demand for Field Instruments
5.1.3 Opportunities
5.1.3.1 Immense Benefits Tendered By Industry 4.0 for Industrial Manufacturing
5.1.3.2 Increasing Demand for Safety Compliance Automation Solutions
5.1.4 Challenges
5.1.4.1 Lack of Standardization of Protocols for Industrial Communication
5.1.4.2 Lack of Skilled Personnel
5.1.4.3 Persistent Growth of Cyberattacks
5.2 Enabling Technologies
5.2.1 Artificial Intelligence (AI)
5.2.1.1 AI Enhances the Business Prospects
5.2.1.2 Key Use Cases of AI in Industry
5.2.2 AR and VR
5.2.2.1 Increasing Investment Trends in AR
5.2.3 Industrial Cyber Security
5.2.3.1 Industrial Cyber Security is Vastly Implemented in Energy and Power Industry
5.2.4 Big Data Analytics
5.2.4.1 High Adoption Rate of Consulting and System Integration Services Due to Complexity of Big Data Software Solutions
5.2.5 Industrial Internet of Things (IIoT)
5.2.5.1 Growing Rate of Adoption of Industrial Internet of Things in Industries
5.2.6 Blockchain
5.2.6.1 Rising Demand for Faster Blockchain Across Industries

6 Industrial Control and Factory Automation Market, By Component
6.1 Introduction
6.2 Industrial Robots
6.2.1 Articulated Robots Dominate the Industrial Robot Market
6.2.2 Traditional Industrial Robots
6.2.2.1 Articulated Robots
6.2.2.2 Cartesian Robot
6.2.2.3 Selective Compliance Assembly Robot Arm(Scara)
6.2.2.4 Parallel Robot
6.2.2.5 Others
6.2.3 Collaborative Industrial Robots
6.3 Machine Vision
6.3.1 Image Processing is an Important Part in Machine Vision
6.3.2 Cameras
6.3.2.1 Analog Camera
6.3.2.2 Digital Camera
6.3.2.3 Smart Camera
6.3.3 Frame Gabber, Optics, and Led Lighting
6.3.3.1 Processors and Software
6.4 Control Valves
6.4.1 Regulation of Flow Rate is One of the Important Aspects of Control Valves
6.5 Field Instruments
6.5.1 Field Instruments are Important Part of Industry Automation and Control
6.5.2 Flow Meters
6.5.3 Transmitters
6.5.3.1 Pressure Transmitters
6.5.3.2 Temperature Transmitters
6.5.3.3 Level Transmitters
6.6 Human-Machine Interface (HMI)
6.6.1 Better Visualization of Data Drives the Market for HMI
6.7 Industrial Pc
6.7.1 Criticality in Industrial Applications and Ability to Expand More as Compared to Normal Pc Drives the Market for Industrial PC
6.8 Sensors
6.8.1 Non-Contact Sensors are Gaining Prominence
6.9 Industrial 3D Printing
6.9.1 Industrial 3D Printers Optimize End-Use Parts Manufacturing and Prototype Production for A Wide Range of Products

7 Industrial Control and Factory Automation Market, By Solution
7.1 Introduction
7.2 Supervisory Control and Data Acquisition (SCADA)
7.2.1 Power Industry Held the Largest Market Share for SCADA
7.3 Programmable Logic Controller (PLC)
7.3.1 Use of PLCin Industrial Processes
7.4 Distributed Control System (DCS)
7.4.1 Process Automation and Control in Industrial Manufacturing Plant Drives the Growth for DCS
7.5 Manufacturing Execution System (MES)
7.5.1 Cost-Saving and Operation Optimization Drive the Market for MES
7.6 Product Lifecycle Management (PLM)
7.6.1 PLM Software is the Backbone of Manufacturing Industries
7.7 Functional Safety
7.7.1 There is Wide Adoption of Functional Safety Certified Systems in Process and Discrete Industries
7.8 Plant Asset Management (PAM)
7.8.1 Valuable Asset Information is Gathered From PLM Software
7.8.2 Reduction in Downtime and Heavy Losses in Manufacturing Processes By Implementation of PAM

8 Industrial Control and Factory Automation Market, By Industry
8.1 Introduction
8.2 Process Industry
8.2.1 Oil & Gas
8.2.1.1 Increasing Offshore Oil and Gas Activities Enables the Scale of Adoption of Automation Solutions
8.2.2 Chemicals
8.2.2.1 Compelling Solutions are Offered By Industry Control and Factory Automation in the Chemicals Industry
8.2.3 Paper & Pulp
8.2.3.1 Process Control is Essential for Manufacturers in Paper and Pulp Industry
8.2.4 Pharmaceuticals
8.2.4.1 Operational Efficiency of the Pharmaceuticals Plants Have Increased Due to Industry Automation Solutions
8.2.5 Mining & Metals
8.2.5.1 Automation in Mining and Metals Industry has Provided Better Productivity and Safety
8.2.6 Food & Beverages
8.2.6.1 Increasing Trend of Automation in Food and Beverages Industry
8.2.6.2 New Innovations and Requirement of Meeting Consumer Demand Leads to the Adoption of Industrial Control and Factory Automation
8.2.7 Power
8.2.7.1 Rapid Industrialization, Infrastructural Development, and Integration of Advanced Technologies Impact Power Industry
8.2.8 Others
8.3 Discrete Industry
8.3.1 Automotive
8.3.1.1 Automotive Manufacturers are Significantly Investing in Smart Factories
8.3.2 Machine Manufacturing
8.3.2.1 Less Time Consumption and Reliable Products are the Outcome of the Automation in Machine Manufacturing
8.3.3 Semiconductor & Electronics
8.3.3.1 Growing Trend of Implementation of Industry Control and Factory Automation in Semiconductor and Electronics Industry
8.3.4 Aerospace & Defense
8.3.4.1 Aerospace Greatly Rely on Automation
8.3.5 Medical Devices
8.3.5.1 Adoption of Innovative Solutions in Medical Devices Industry Can Be Seen Due to Factory Automation
8.3.6 Others

9 Industrial Control and Factory Automation Market, By Geography

Company Profiles

  • 3D Systems
  • ABB
  • Azbil
  • Chaos Prime
  • Danfoss
  • Dwyer
  • Emerson
  • Endress+Hauser
  • FANUC
  • Fuji Electric
  • General Electric
  • HP
  • Hitachi
  • Honeywell
  • Krohne
  • Mitsubishi Electric Corporation
  • Omron
  • Pinpoint Information Systems
  • Progea
  • Rockwell Automation
  • STRATASYS
  • Schneider Electric
  • Siemens
  • Tegan Innovations
  • Vega Grieshaber
  • WIKA
  • Win-911 Software
  • Yokogawa

For more information about this report visit https://www.researchandmarkets.com/research/8mgqdk/global_industrial?w=5

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