The “Factory Automation & Industrial Controls Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Factory Automation & Industrial Controls Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Factory Automation & Industrial Controls market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.
Top Manufacturers of Factory Automation & Industrial Controls Market Are:
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Scope of the Report:
Factory Automation & Industrial Controls Market Report Answers the Following Questions:
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the global Factory Automation & Industrial Controls market?
- What are the key market trends impacting the growth of the global Factory Automation & Industrial Controls market?
- What are the challenges to market growth?
- Who are the key vendors in the global Factory Automation & Industrial Controls market?
- What are the market opportunities and threats faced by the vendors in the global Factory Automation & Industrial Controls market?
- Trending factors influencing the market shares of the relevant regions.
- What are the key outcomes of the five forces analysis of the global Factory Automation & Industrial Controls market?
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Key Market Trends:
Utilities Sector Expected to Register a Significant Growth
Process automation paves the path for digital data and analytics that can reduce power system costs by following means
By reducing operations and maintenance costs
By improving power plant and network efficiency
By reducing unplanned outages and downtime and
By extending the operational lifetime of assets.
The overall savings from these digitally-enabled measures are estimated to be in the order of USD 80 billion per year over 2016-40, or about 5% of total annual power generation costs based on the enhanced global deployment of available digital technologies to all power plants and network infrastructure.
Data centers worldwide consumed around 194 TWh of electricity in 2014, or about 1% of total demand. Although data center workload is estimated to triple by 2020, related energy demand is expected to grow by only 3%, due to continued efficiency gains. This is expected to drive the growth in power generation for meeting the demand from ICT sector.
The evolution of smart grid and a synchronization to match the variable demand for the electricity, between the peak demand period to rest of the period demand, is expected to further create high demand from the energy and utilities sector. Due to the automation of processes and a networked system communication, digitalization can help integrate the renewable energy by enabling grids to match energy demand to times when the wind is blowing and the sun is shining.In the European Union alone, increased storage and digitally-enabled demand response is estimated to reduce curtailment of solar PVs and wind power from 7% in 2017 to 1.6% in 2040, avoiding 30 million tons of CO2 emissions in 2040.
China Expected to Hold a Major Share in Asia Pacific region
Despite China accounting for 25% of the worlds manufacturing activities, its manufacturing productivity is a mere one-fifth of that of developed economies. Companies in the country are, thus, embracing Industry 4.0 to improve productivity. A strong indicator of automation uptake in the country is the 58% increase in robot density in 2017 as compared to 2015. Further, the Chinese governments programs, such as the Made in China 2025 plan, are promoting the use of R&D in factory automation and technologies and its investments. Also, as most of the automation equipment is imported from Germany and Japan, the Made in China initiative aims to expand the country’s domestic production of automation hardware and equipment.
China is the 28th fastest in the world, and has a very high industrial production rate. These factors act as drivers for the automation market in the country. Investments are being planned for aiding the quality of growth, addressing environmental concerns, and reducing overcapacity, for the same. The number of companies deploying factory and process automation technologies and robotics in the country is less when compared to the enormous size of Chinas manufacturing base and the number of workers it employs. This trend presents a great opportunity for companies in the industrial automation sector in China.
Automation in the country is also expected to be augmented by the uptake of smart manufacturing. As per the Ministry of Industry and Information Technology, China is anticipated to initiate 100 smart manufacturing pilot projects in 2018. According to the 13th Five-Year Plan of Smart Manufacturing, China aims to establish its intelligent manufacturing system and complete the key industries transformation by 2025.
Market Dynamics: –
- Drivers: (Developing regions and growing markets)
- Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
- Opportunities: (Regional, Growth Rate, Competitive, Consumption)
The report provides key statistics on the market status of the Factory Automation & Industrial Controls Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Factory Automation & Industrial Controls.
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- Analyzing the size of the Factory Automation & Industrial Controls market on the basis of value and volume.
- Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Factory Automation & Industrial Controls market.
- Determining the key dynamics of the Factory Automation & Industrial Controls market.
- Highlighting significant trends of the Factory Automation & Industrial Controls market in terms of manufacture, revenue, and sales.
- Deeply summarizing top players of the Factory Automation & Industrial Controls market and showing how they compete in the industry.
- Studying industry processes and costs, product pricing, and various trends related to them.
- Displaying the performance of different regions and countries in the global Factory Automation & Industrial Controls market.
Detailed TOC of Factory Automation & Industrial Controls Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Emphasis on Cost Cutting and Business Process Improvement
4.3.2 Increased Adoption of Internet of Things (IoT) and Machine- to-Machine Technologies
4.4 Market Restraints
4.4.1 Lack of Skilled Workforce Preventing Enterprises from Full-scale Adoption of Factory Automation
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Field Devices
184.108.40.206 Machine Vision
220.127.116.11 Motors and Drives
18.104.22.168 Relays and Switches
22.214.171.124 Other Field Devices
5.1.2 Industrial Control Systems
126.96.36.199 Other Control Systems
5.2 By End-user Industry
5.2.2 Chemical and Petrochemical
5.2.5 Food and Beverage
5.2.6 Oil and Gas
5.2.7 Other End-user Industries
5.3.1 North America
188.8.131.52 Rest of Europe
5.3.3 Asia Pacific
184.108.40.206 Rest of Asia-Pacific
5.3.4 Latin America
220.127.116.11 Rest of Latin America
5.3.5 Middle East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Rockwell Automation Inc.
6.1.2 Honeywell International Inc.
6.1.3 General Electric Co.
6.1.4 ABB Limited
6.1.5 Dassault Systemes SE
6.1.6 Schneider Electric SE
6.1.7 Emerson Electric Company
6.1.8 Autodesk Inc.
6.1.9 Mitsubishi Electric Corporation
6.1.10 Siemens AG
6.1.11 Aspen Technology Inc
6.1.12 Robert Bosch GmbH
6.1.13 Texas Instruments Inc.
6.1.14 Yokogawa Electric Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
Phone: US +14242530807/ UK +44 20 3239 8187
Email: [email protected]
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