Rise in Demand from Manufacturing Industry Anticipated to Drive Industrial Automation Market over the Forecast Period: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Industrial automation is defines as the controlling & processing of heavy industrial machines, equipment and devices with the help of advanced systems & software, which are backed up by advanced technologies for instance cloud, machine learning, robotics and others. The automation devices include PCs, Programmable logic controller (PLC), Programmable automation controller (PAC), etc. The system can be very complex in nature, has huge number of devices working in synchronization using automation technologies. The key advantages are included lower operating costs, lower wastage, reduction in human errors, efficient manufacturing, improve quality production, raise the level of safety, synchronization of procedures, reduce routing checks and a faster product lifecycle. According to study, “Industrial Automation Market, by Type (Fixed Automation and Programmable Automation), by Technology (SCADA, PAC, PLC, DCS, HMI) and End-User (Machine Manufacturing, Oil & Gas, Aerospace & Defense, Electronics, Automotive, Pharmaceuticals) – Forecast to 2023” the key companies operating in the industrial automation market are Emerson Electric Co., Schneider Electric SE, General Electric Company, Honeywell International, Inc., Yokogawa Electric, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Fanuc Corporation, Siemens AG, Ametek, Inc., ABB Ltd. Key companies in the manufacturing industry are focused on adopting & implementing industrial automation solutions to enhance the overall productivity & educate their employees and reduce high cost while accomplishing precision & flexibility. Based on type, industrial automation market is segmented into fixed automation and programmable automation. Based on component, market is segmented into industrial robots, control valves, industrial 3D printing and machine vision market. Based on technology, market is segmented into Supervisory control and data acquisition (SCADA), PLC, PAC, Distributed control system (DCS), Human-machine interface (HMI), Operator training simulators (OTS), Variable frequency drive (VFD), Product lifecycle management (PLM), Asset performance management (APM), Plant asset management (PSM), Manufacturing execution system (MES) and Plant asset management (PSM) and Computer numerical control (CNC) routers. In addition, based on end-use industry, market is segmented into oil & gas, electrical & electronics, machine manufacturing, automotive & transportation, aerospace & defense, food & beverages, chemical, mining & metals, pharmaceuticals, electric power generation and others. The industrial automation market is driven by rise in demand of industrial automation in manufacturing industries, followed by increase in government policies supporting adoption of industrial automation, rise in interconnectivity & Internet of Things (IoT) developments in computer-aided systems, growth in focus on economic diversification in emerging markets, rapidly surge in demand for fast production capacities and growth in organizations focused on worker safety. However, high implementation cost of equipment is a major restraint factor of market. Moreover, growth in adoption of industrial 4.0 across various industries and rise in industrial robotics are key opportunities for market. Based on geography, the European region dominates the industrial automation market owing to growth in automotive production and rise in consumer electronics production in the region. The Asian-Pacific and North-American regions are anticipated to witness lucrative growth rate due to upsurge in economic growth, increase in the use of industrial robots and expand in urbanization over the forecast period. The global market is predictable to reach US $341.41 billion in 2023, growing at a CAGR of 9.35%, during 2019-2023. To know more, click on the link below:– Global Industrial Automation Market Research Report Related Reports:- Global Industrial Automation Control Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use Global Industrial Automation Equipment (IAE) Market by Equipment Type, Industry Vertical, and Region 2014-2025: Growth Opportunity and Business Strategy Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications ankur@kenresearch.com +91-9015378249 Tags: ABB Ltd Industrial Automation Market, Africa Industrial Automation Market, Alþjóðlegur sjálfvirkni markaður, Ametek Inc. 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