Adoption of IOT and advancement in M2M communication technology are factors propelling the growth of the industrial control and factory automation market. However, lack of skilled professionals and requirement of high investment to shift from traditional manufacturing to smart manufacturing are factors restraining the growth of the market. On the other hand, industrial revolution 4.0 would create opportunities in the market.
The industrial control and factory automation market is segmented into technology, component, industry, and geography. The technology segment is further classified into SCADA, PLC & RTU, DCS, MES, HMI, and safety. The components covered in the market are industrial robot, machine vision, valve, control device, and field instrument. On the basis of industry, the market is classified into discrete and process industry. Geographically, the market is segmented based on North America, South America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA).
The prominent companies operating in the market are Siemens AG, Rockwell Automation, ABB Ltd., Schneider Electric, General Electric, Emerson Electric Corporation, Honeywell International Inc., Mitsubishi Electric, Yokogawa, and Johnson Controls. They have adopted strategies, such as mergers & acquisitions, partnerships, collaborations, expansions, new product launches, joint ventures, agreements, and others to strengthen their position in the market.
KEY BENEFITS FOR STAKEHOLDERS:
The report offers a detailed analysis of key driving and restraining factors of the world industrial control and factory automation market.
This report offers an in-depth quantitative analysis of the current market and estimations through 2015 and 2020, which assists in identifying the prevailing market opportunities.
An exhaustive analysis of key strategies adopted by leading manufacturers helps in understanding competitive scenario.
The report provides an extensive analysis of current and future market status of the world industrial control and factory automation market.
Comprehensive analysis has been done in this report by constructing market estimations for the key market segments between 2015 and 2020.
An extensive analysis of current research and clinical developments within the world industrial control and factory automation market is provided with key market dynamic factors that help in understanding the behavior of the market.
The world industrial control and factory automation market is segmented into North America, South America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA).
KEY MARKET SEGMENTS:
PLC & RTU
Latin America, Middle East and Africa (LAMEA)
KEY MARKET PLAYERS:
Emerson Electric Corporation
Honeywell International Inc.
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