Pune, India -- (SBWIRE) -- 10/03/2017 -- Market Highlights
Industrial controls and factory automations are the advanced technology to control the equipment and machines in the industries. The emergence of the information technology and adoption of the automation technologies has revolutionized the manufacturing sectors. The automation reduces the human intervention, so the human error are reduced which is causing various industrial unit to adopt the automation systems. Robotics are mostly used in the factory automation and industry control as it leads to advantages in controlling, better precision, reducing assembly time, reduction in labor costs, and reduction in the risk of exposure to production hazards. This are the factors driving the industry control and factory automation market.
Global Industry Controls and Factory Automation Market is expected to show a growth at CAGR of about 4.6% from 2016 to 2021.
North America are the largest markets for industry control and factory automation market. Major players are focusing the Asian Market due to increase in industrial growth in the region. For increasing the overall revenue major players are targeting emerging countries like China and India. Therefore, Asia-Pacific region is expected to contribute significantly to the industry controls and factory automation market.
Key Players
The key players of Global Industry controls and factory automation Market report include-
- ABB Ltd.,
- Siemens AG,
- Emerson Electric Company,
- Mitsubishi Electric Corporation,
- Schneider Electric Se,
- General Electric Company,
- Omron Corporation,
- Rockwell Automation, Inc.,
- Yokogawa Electric Corporation,
- Nextnine Ltd.
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Scope of the report
This study provides an overview of the global electric steering industry, tracking market segments across the categorized four geographic regions. The report provides a five-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, and Rest of the world. The scope of the study segments the global Industry controls and factory automation based on technology, component, and end user.
The emergence of the information technology and adoption of the automation technologies has revolutionized the manufacturing sectors. The automation reduces the human intervention, so the human error are reduced which is causing various industrial unit to adopt the automation systems. Robotics are mostly used in the factory automation and industry control as it leads to advantages in controlling, better precision, reducing assembly time, reduction in labor costs, and reduction in the risk of exposure to production hazards. This are the factors driving the industry control and factory automation market. The global Industry controls and factory automation market is expected to show a growth at CAGR of about 4.6% from 2016 to 2021.
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North America have the largest share market
North America are the largest markets for industry control and factory automation market. Major players are focusing the Asian Market due to increase in industrial growth in the region. For increasing the overall revenue major players are targeting emerging countries like China and India. Therefore, Asia-Pacific region is expected to contribute significantly to the industry controls and factory automation market.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global Industry controls and factory automation market, including the high-growth regions, countries and their political, economic, and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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