Albany, NY -- (SBWire) -- 01/11/2016 --Market outlook for the industrial automation control market in APAC
Technavios research analyst predicts the industrial automation control market in APAC to grow steadily at a CAGR of 8% during the forecast period. The surge in the demand for chemical and petrochemical products from APAC is the primary growth driver for this market. The high adoption of automation control solutions across chemicals plants in China, Japan, South Korea, India, and Taiwan has been contributing to the growth of the market. For instance, during 2013, China accounted for more than one-third of the global chemicals trade.
The adoption of cloud-based SCADA is expected to boost the market growth during the forecast period. Cloud-based SCADA enables end-users to control and monitor sensors and transmitters by using the Internet. It eliminates the need for on-premise software installation as it is accessible through the cloud, leading to a reduction in initial investment. Moreover, it's highly accurate, reliable, and aids scalability and faster deployments.
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Competitive landscape and key vendors
The industrial automation control market in APAC has the presence of numerous small, medium, and large vendors, including international and regional players. However, the market is dominated by few large international vendors. These international vendors provide a broad product and service portfolio, which comes with multiple features and functionalities and service options for different end-user segments.
The top vendors in the market are -
ABB
Honeywell
Rockwell Automation
Schneider Electric
Siemens
Other prominent vendors in the market include Emerson Electric, GE, Metso, Mitsubishi Heavy Industry, Omron, Yokogawa Electric, and Toshiba.
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Product segmentation and analysis of the industrial automation control market in APAC
APC
DCS
MES
PLC
SCADA
PLC constituted 33% of the market share during 2015. Low price, high flexibility, and low maintenance has made PLC a preferred choice among several customers. Rapid industrialization has contributed to the high adoption rate of PLC across industries in APAC. For instance, as of 2015, China has more than 120 automobile production plants, where a majority of the plants are using PLC for their automation solution needs.
End-user segmentation and analysis of the industrial automation control market in APAC
Process industry
Discrete industry
The process industries accounted for 82% of the market share during 2015. These industries require continuous monitoring and control of fluids such as water, milk, and oil. Automation control products, along with valves and other flow instruments, constantly monitor and regulate the flow and mixing of such fluids during the production process.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the industrial automation control market in APAC?
What are the key market trends impacting the growth of the industrial automation control market in APAC?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the industrial automation control market in APAC?
What are the key outcomes of the five forces analysis of the industrial automation control market in APAC?
Related reports
PLC Market in APAC 2015-2019: http://www.marketresearchreports.biz/analysis/299594
DCS Market in APAC 2015-2019: http://www.marketresearchreports.biz/analysis/293456
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Industrial Automation Control Market in APAC to Grow Steadily at a CAGR of 8% During 2016-2020: MarketResearchReports.biz
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