The global automation and control systems market in pharmaceutical and biotech industry is segmented on basis of communication technology, offering and region.
Sarasota, FL -- (SBWIRE) -- 07/13/2018 -- Global Automation and Control System Market: Overview
Automation basically means the use of various control systems for operating equipments like machinery, processes in factories, boilers and heat treating ovens, stabilization of ships, aircrafts and other applications and vehicles with minimal or reduced human intervention. Automation and control system is the integration of IT technology with the mechanical systems. These systems are used for reliable and standardized production systems. It offers customers improved quality with standardization and dependable products within the time and at an economical cost. In the pharmaceutical and biotech industry automation and control systems are mainly used for manufacturing and packaging, to provide high quality products and also improving efficiency in manufacturing and packaging.
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Global Automation and Control System Market: Growth Factors
Factors like the rise in generic drugs, increasing prevalence of chronic illness, growing need for productivity of pharmaceutical drugs and the rising investment by biotechnology market for new drugs are expected to escalate the need for automation and control systems thereby driving the market. Also the growing healthcare awareness and technological advancement is fuelling the market significantly. Increasing R&D and the outsourcing of pharmaceutical companies is also leading the market growth in automation and control systems. However, the absence of skilled workers and the different standards adopted by the different equipment manufacturers are some major factors hampering the growth of this market.
Global Automation and Control System Market: Segmentation
The global automation and control systems market in pharmaceutical and biotech industry is segmented on basis of communication technology, offering and region. Based on communication technology, the market is grouped into wired technology and wireless technology. By offering, the market is classified into, facility management systems, fire protection systems and security and access control systems. Depending on the region, the market is divided into, North America, APAC, Europe and RoW.
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Global Automation and Control System Market: Regional Analysis
North America is expected to dominate the market for automation and control systems in pharmaceutical and biotech industry, owing to the huge number of ageing population and the growing investments in the industry. Technological advancement along with the trend of awareness about the industry has led to the growth of the market in this region. APAC followed by Europe is estimated to be the fastest growing regions in the automation and control systems market. Emerging economies like India and China are growing at a rapid rate due to the increasing investments in R&D, large pool of patients and the growing government funding with the rising awareness about healthcare sector. Also the growing trend in technological advancements is expected to fuel the market in these regions.
Global Automation and Control System Market: Competitive Players
Some of the vital players in the global automation and control systems market in pharmaceutical and biotech industry include General Electric, Honeywell International, Siemens AG, and M+ W Group, among others.
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Global Automation and Control System Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa