Industrial Control and Factory Automation Market Worth 153.30 Billion USD by 2022

India - English

News provided by

Sep 29, 2016, 12:30 ET

PUNE, India, September 29, 2016 /PRNewswire/ --

The report "Industrial Control and Factory Automation Market by Technology (SCADA, PAC & RTU, DCS, Safety, MES & MOM, PLM), Component (Industrial Robots, Machine Vision, Control Valves, Enclosures, Cables), Industry (Process, and Discrete) - Global Forecast to 2022" published by MarketsandMarkets, the market is expected from USD 108.80 Billion in 2015 to reach USD 153.30 Billion by 2022, at a CAGR of 4.88% between 2016 and 2022.

(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 65 market data Tables and 107 Figures spread through 240 Pages and in-depth TOC on "Industrial Control and Factory Automation Market"

http://www.marketsandmarkets.com/Market-Reports/factory-industrial-automation-sme-smb-market-541.html
Early buyers will receive 10% customization on report.

The industrial control and factory automation market is driven by the growing demand for automation products in the manufacturing process across various industry verticals mainly due to the increasing focus on production and operational efficiency, as well as optimal usage of resources. The market is also driven by the increasing adoption of industrial internet technologies and advancements in M2M communication, as these enable manufacturers to better analyse the real time data and act accordingly for predictive maintenance.

"DCS segment accounted for the largest share of the market, by technology"

DCS (distributed control systems) is the largest technology segment of the market primarily due to increased demand from the growing electric power generation and oil & gas industries. Growth in these industries is attributed to the surge in manufacturing activities across Asia-Pacific and the Middle East countries.

"MES & MOM technology segment is estimated to be the fastest growing"

The MES (manufacturing execution system) & MOM (manufacturing operations management) technology segment is expected to grow at the highest CAGR between 2016 and 2022. This expected growth is attributed to the increased focus on cost savings, improvement in operation, and better utilization of production assets across the supply chain.

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

APAC region is estimated to be the fastest growing market for industrial control and factory automation during the forecast period. The market in this region is expected to register high growth because of the growing industrial sectors in China and India. Factory automation is increasing in China due to increasing adoption of the technology in the country's large number of automotive manufacturing plants.

Inquiry Before Buying: - http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=541

This report also profiles the most promising players in the industrial control and factory automation market. The competitive landscape of the market presents a very interesting picture where a large number of big and small players have become a force to be reckoned with. Major players operating in this market include Siemens AG (Germany), Emerson Electric Company (U.S.), General Electric Company (U.S.), Schneider Electric SE (France), ABB Ltd. (Switzerland), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yokogawa Electric (Japan), and Rockwell Automation, Inc. (U.S.).

Browse Related Reports

Smart Factory Market by Technology (PLM, MES, PLC, SCADA, ERP, DCS, HMI), Component (Sensors & Actuators, Communication Technologies, Industrial Robotics, Machine Vision), Industry (Process, Discrete), and Geography - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/smart-factory-market-1227.html

Process Automation & Instrumentation Market by Instrument (Pressure, Temperature, Level and Humidity Transmitter), Solutions (PLC, DCS, SCADA, HMI, APC, MES and Safety Automation), Application, and Geography - Global Trend and Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/process-automation-market-1172.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M'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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: [email protected]

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets