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Detailed examination of the automation market made available by top research firm

Industrial Market Research

The automation market is mainly driven by the adoption of IoT and advancement in M2M communication technology, as they help manufacturers to better analyze the real-time data and act accordingly for predictive maintenance.

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Industrial control and factory automation is the convergence of smart mechanical technologies with information technology. Organizations across process as well as discrete industries use industrial control and factory automation solutions to improve operational efficiency and minimize or reduce human intervention.

The adoption of advanced manufacturing practices in the U.S.

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and a few countries in Europe and growing demand of robotics and other automation technologies in emerging economies such as China is expected to create growth opportunities for the industrial control and factory automation market in near future.

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The increasing end user investments in the field of monitoring, visualization, and control equipment, enhances the global SCADA market growth and transform into an indispensable part of industrial automation.

However, the future of factories and enterprises depends largely on how the next generation SCADA is designed and deployed across complex industrial applications. The adoption SCADA is increasing with the emergence of smart manufacturing.

In addition, there is a paradigm shift towards application development that helps in better control and communication among different devices. Such apps are enabling operators to remotely monitor and modify important data of key parameters such as pressure, temperature, and flow among others, via smartphones and tablets.

One such app is ProSoft i-View introduced by ProSoft Technology Inc. (U.S.), which provides real-time remote SCADA and process control capability for plant operators.

The product works with the Ethernet/IP or Modbus TCP/IP networks and can display live process control values in a list format, including user-established variance allowances with realtime alarms and notifications.

The technological developments in SCADA system and its deployment through integration of other solutions enabled the manufacturers to have more opportunities. This emerging trend is increasingly becoming evident with globalized service support and cost factors playing a crucial role.

The key players operating in this segment include ABB Limited (Switzerland), Rockwell Automation Inc. (U.S.), and Schneider Electric (France), among others

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The Americas accounted for the largest share of the industrial control and factory automation market in 2017. This large share can be attributed to the presence of major vendors of industrial control and factory automation products and the adoption of these products by a large number of end users in the region.

The market in Asia-Pacific is expected to grow at the highest CAGR from 2017 to 2023, and accounted for a share of major of the industrial control and factory automation market in 2017. The growth of the industrial control and factory automation market in Asia-Pacific is driven by the growing industrial sectors in China and India.

Furthermore, the adoption of factory automation products in China is increasing, as a large number companies operational in the automotive sector have set up their manufacturing plants in the country. Factory automation solutions are being rapidly adopted by several manufacturers in the automotive sector for faster production process, improved operational efficiency, and reduced of complexity of the production process.

Major companies operational in the industrial control and factory automation market include Siemens AG (Germany), Emerson Electric Co. (U.S.), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International, Inc.

(U.S.), Rockwell Automation, Inc. (U.S.), Yokogawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), and ABB Ltd.

(Switzerland)Smart Home technology moving towards connected systems from connected devices.

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