However, most of the industrial units operate on a tight budget, especially for SMEs; therefore, there are limited re-investment opportunities, as profits are not very high. This is one of the major restrains for the growth of the market as not all production facilities can afford investment in automation and industrial control. Another challenge for companies in the market is the lack of trained professionals who can assist the implementation of automation processes. Companies are offering training programs and certifications to interested individuals to overcome this challenge.
Key companies profiled in this report are Ametek, Inc., Bosch Automation, Emerson, Honeywell International, Mitsubishi Corporation, National Instrument Corporation, Schneider Electric, General Electric Co, Siemens Ag, and Yokogawa Electric Corporation.
KEY BENEFITS
This report provides market intelligence for the various segments such as applications, products and geographies to enable companies to make investment decisions
The report provides impact analysis of the top factors such as drivers, restraints and opportunities for short and mid-term
Value chain analysis discusses importance of the various functions performed by all stakeholders
Porter’s five forces analysis provides detailed competitive scenario, threat of substitutes & new entrants and the potency of buyers and suppliers of the market.
Automation and industrial control is essential for energy efficiency. The report discusses the implication of various government initiatives and regulations on the market
The company profiles include SWOT analysis and key strategies followed by companies to understand the growth prospects and competitive landscape of the market
Estimations for the market segments are calculated for the analysis period of 2013-2020 along with historic revenue of 2012
The report discusses the challenges and trends in various geographic regions so that companies can plan their strategies based on the regional trends
KEY MARKET SEGMENTS
GLOBAL MARKET, BY APPLICATION
Power
Textile
Automotive
Chemical
Printing And Packaging
Plastics
Oil And Gas
Food Processing
Pharmaceutical
Original Equipment Manufacturers (OEM)
GLOBAL MARKET, BY PRODUCT
Industrial Control Systems
Field Devices
Machine Vision
Manufacturing Execution Systems (MES)
Sensors
Motion & Drives
Relays & Switches
Others
GLOBAL MARKET, BY GEOGRAPHY
North America
Europe
Asia-Pacific
RoW
KEY AUDIENCES
Product manufacturers of industrial automation controls
Technology providers for automation solutions
Research organizations
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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