MarketResearchReports.biz has announced the addition of a report titled “Industrial Control and Factory Automation Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2016–2024”.
Albany, NY -- (SBWIRE) -- 08/13/2018 -- The detailed study on the global industrial control and factory automation market offers in-depth insights into various trends affecting the current market outlook, key growth drivers, lucrative regional avenues, and the prevailing competitive dynamics.
The global market for industrial control and factory automation technologies and infrastructures is expected to rise at a promising CAGR during the forecast period of 2016–2024. The demand rides on the back of the rising adoption of smart manufacturing practices that underlie cost optimization, process flexibility, and improvements in production technologies. The growth of the market is catalyzed by substantial advances in process monitoring and the rapid strides taken by the overall industrial automation over the past few decades.
Request For Sample Copy Of This Report @ https://www.marketresearchreports.biz/sample/sample/1357420
Rapid advancements in manufacturing IT are boosting the global industrial control and factory automation market. The need for a robust production environment in various industrial sectors, especially in developing and developed regions, is a key factor bolstering the demand for industrial automation, thus propelling the market growth. The several attractive benefits of industrial automation technologies for the production environment has been underpinning their demand.
The rising popularity of enterprise resource planning (ERP), particularly in several emerging economies world over, coupled with increasing integration of mechanical systems with modern IT tools, is a factor expanding the potential of the market. The rising affordability of ERP solutions, along with the advent of user-friendliness system, is a significant trend bolstering their uptake in the manufacturing industry.
The recent inroad made by internet of things (IoT) and the adoption of engineering technologies in the manufacturing and process industries in various parts of the world is a noteworthy factor accentuating the market. Sizeable investments by governments of several developing countries as well as private players on augmenting production capacities in recent years have imparted big fillip to the adoption of industrial control and factory automation. The trend is especially evident in numerous economies of Asia Pacific.
Request To Send An Enquiry @ https://www.marketresearchreports.biz/sample/enquiry/1357420
The lack of awareness of industrial control and factory automation in less developed regions over the world has impeded their widespread adoption. This is particularly observed among small and medium enterprises (SME). The absence of standardization in these systems poses as another impediment to the market expansion. The paucity of professionals to assist in seamless operations and integration of factory automation units with conventional systems is a key constraint. In addition, the uptake is beset by the lack of training programs. Nevertheless, rapid advances being made in industrial robotics in various parts of the globe is likely to contribute attractive chunks of revenue to the global market.
Top players operating in the industrial and control and factory automation market include ABB Ltd., Omron Corporation, Rockwell Automation, Siemens Ag, General Electric Co, National Instrument Corporation, Schneider Electric, Mitsubishi Corporation, Emerson, Bosch Automation, Bosch Automation, and Ametek Inc.
Request To Buy This Premium Report @ https://www.researchmoz.com/checkout?rep_id=1357420&licType=S
About MarketResearchReports.biz
MarketResearchReports.biz is the most comprehensive collection of market research reports, supporting clients' market intelligence needs with over 100,000 market research reports, company profiles, data books, and regional market profiles in its repository. We also offer consulting support for custom market research needs.
Our document database is updated by the hour, which means that our customers always have access to fresh data spanning over 300 industries. From Fortune 500 companies to SMEs, Marketresearchreports.biz has built a veritable reputation for fulfilling the most exacting market research needs.
Contact Us
State Tower
90 State Street, Suite 700
Albany, NY 12207
United States
Toll Free: 866-997-4948
(USA-Canada)
Tel: +1-518-621-2074
E: sales@marketresearchreports.biz