Global industrial automation market is to register a substantial CAGR of 8.8% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the adoption of industrial robots in manufacturing sector for fast production capacities.
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Key Developments in the Market
·
In April 2017, IBM and ABB collaborated for industrial
artificial intelligence solutions and to enhance the production line through
identifying critical faults throughout the manufacturing process. Customers
will benefit from the profound understanding of ABB's domain and comprehensive
portfolio of digital alternatives coupled with the expertise of IBM in
artificial intelligence and machine learning as well as various vertical
industries
·
In July 2018, Microsoft Corp. and GE entered into a partnership
to bring operational and information technology together and to eliminate
hurdles faced by the industrial companies in advancing digital transformation
projects. For driving innovation across the enterprise, GE will leverage
Microsoft Azure for extra IT workloads and productivity instruments such as
inner Predix-based deployments. This partnership will build deeper connections
between both the companies and will enables customers worldwide to harness the
power of the Predix portfolio suh as Predix Asset Performance Management
Key Insights in the report:
·
Complete and distinct analysis of the market drivers and
restraints
·
Key market players involved in this industry
·
Detailed analysis of the market segmentation
·
Competitive analysis of the key players involved
Market Drivers:
·
Industrial automation improves product quality and flexibility
of manufacturing process is a driver for this market
·
Focus on optimum utilization of resources is a driver for this
market
·
Government initiatives regarding adoption of industrial
automation in different industries is boosting the growth of this market
·
Technological advancement in control, process monitoring and
industrial automation is driving the growth of the market
Market Restraints:
·
High cost and high capital investment required for industrial
automation hinders the growth of this market
·
Issues regarding security is restraining the market growth
·
Lack of professionals in industrial automation may hinder the
growth of the market
Global Industrial Automation
Market By Component (Industrial Robots, Machine Vision, Control Valves, Field
Instruments, Human–Machine Interface, Industrial PC, Sensors, Industrial
3D Printing), Solution (Supervisory Control and Data Acquisition (SCADA),
Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing
Execution System (MES), Product Lifecycle Management (PLM), Functional Safety,
Plant Asset Management (PAM)), Industry (Process Industry, Discrete Industry),
Geography (North America, South America, Europe, Asia-Pacific, Middle East and
Africa) – Industry Trends and Forecast to 2026
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Detailed TOC: @ https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-automation-market
Segmentation: Global Industrial Automation Market
By Component
o Industrial
Robots
o Traditional
Industrial Robots
o Articulated
Robots
o Cartesian Robot
o Selective
Compliance Assembly Robot ARM(SCARA)
o Parallel Robot
o Others
o Collaborative
Industrial Robots
o Machine
Vision
o Cameras
o Analog Camera
o Digital Camera
o Smart Camera
o Frame Gabber,
Optics and Led Lighting
o Processors and
Software
o Control
Valves
o Field
Instruments
o Flow Meters
o Transmitters
o Pressure
Transmitters
o Temperature
Transmitters
o Level
Transmitters
o Human–Machine
Interface (HMI)
o Industrial
PC
o Sensors
o Industrial
3D Printing
By Solution
o Supervisory
Control and Data Acquisition (SCADA)
o Programmable
Logic Controller (PLC)
o Distributed
Control System (DCS)
o Manufacturing
Execution System (MES)
o Product
Lifecycle Management (PLM)
o Functional
Safety
o Plant Asset
Management (PAM)
By Industry
o Process
Industry
o Oil & Gas
o Chemicals
o Paper &
Pulp
o Pharmaceuticals
o Mining &
Metals
o Food &
Beverages
o Power
o Others
o Discrete
Industry
o Automotive
o Machine Manufacturing
o Semiconductor
& Electronics
o Aerospace &
Defense
o Medical Devices
o Others
By Geography
·
North America
o U.S.
o Canada
o Mexico
·
South America
o Brazil
o Argentina
o Rest of South
America
·
Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
·
Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest of
Asia-Pacific
·
Middle East and Africa
o South Africa
o Egypt
o Saudi Arabia
o United Arab
Emirates
o Israel
o Rest of Middle
East and Africa
·
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Data Bridge Market Research
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UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: Corporatesales@databridgemarketresearch.com
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