factory automation market is expected to reach $185.0 billion by 2016 at a CAGR of 7.58% from 2011 to 2016.
Dallas, TX -- (SBWIRE) -- 02/27/2014 -- According to a new market research report “Industrial Controls (SCADA, PLC, DCS) & Factory Automation (Field Devices, MES, ERP) Market : Global Forecast & Analysis (2011 – 2016).
Browse 68 tables and in-depth TOC on “Industrial Controls (SCADA, PLC, DCS) & Factory Automation (Field Devices, MES, ERP) Market”
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The factory automation market is expected to grow from $120.0 billion in 2010 to $185.0 billion in 2016, at a CAGR of 7.58% from 2011 to 2016. The key companies with respect to factory automation include Siemens (Germany), ABB (Switzerland), Emerson Process Management (U.S.), Rockwell Automation (U.S.), Schneider Electric (France), Honeywell (U.S.), Omron (Japan), Yokogawa (Japan), and others.
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Asia-Pacific is expected to grow at the highest rate due to increase in production activities in APAC, cheap labor, huge population base, and lucrative government policies. China is the growth engine for automation in Asia in spite of lower levels of plant automation. India too is gaining factory automation market shares worldwide.
The revenue for factory automation market is expected to grow from $120 billion in 2010 to $185 billion in 2016, at a CAGR of 7.58% from 2011 to 2016. The key companies with respect to factory automation include Siemens (Germany), ABB (Switzerland), Emerson Process Management (U.S.), Rockwell Automation (U.S.), Schneider electric (France), Honeywell (U.S.), Omron (Japan), Yokogawa (Japan), and others. Growing trends in automation are characterized by functional integration and geographic distribution. On the technical level, the goal is to easily connect devices and software components from different vendors. In terms of global demands, the growth drivers for factory automation include the automobile, pharmaceuticals, power sector along with chemical and oil and gas.
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The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the factory automation market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro and micro-markets with respect to Americas, Europe, Asia-Pacific and Rest of the World.
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