Global Industrial Automation Control Market to Grow at a CAGR of 7.59% During the Period 2016-2020

The Report Global Industrial Automation Control Market 2016-2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

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Albany, NY -- (SBWire) -- 06/10/2016 --About the Industrial Automation Control Market

Industrial automation control solutions help organizations to optimize business operations through efficient control of various processes with minimal (or reduced) human intervention. The data collected from field devices and systems gives businesses a competitive edge.

Automation solutions such as DCS, PLC, drives, and sensors improve organizational efficiency by facilitating uninterrupted machine operation, reduce total cost of ownership, and provide real-time information.

Most companies are opting for automation control solutions to comply with government regulations for curbing greenhouse gas emission and goods manufacturing practices (GMP), among others. Automation solutions not only help companies to reduce costs and bring uniformity, but also provide alerts in case of leaks and detect impurities.

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Technavios analysts forecast the Global Industrial Automation Control Market to grow at a CAGR of 7.59% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial automation control market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of the following automation control systems:

DCS
PLC
Drives
Sensors

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The market is divided into the following segments based on geography:

Americas
APAC
EMEA

Technavio's report, Global Industrial Automation Control Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
Emerson
Honeywell
Siemens

Other prominent vendors
Bosch Rexroth
Control Systems International
General Electric
Hitachi
IDEC
Keyence
Koyo Electronics
Metso
Mitsubishi Heavy Industries
Omron
Panasonic
Rockwell Automation
Schneider Electric
Toshiba
Yokogawa Electric

Market driver
Need to comply with government policies and regulations
For a full, detailed list, view our report

Market challenge
High customer switching cost
For a full, detailed list, view our report

Market trend
Growing demand for smart factories
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
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 key vendors?
What are the strengths and weaknesses of the key vendors?

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View this press release online at: http://rwire.com/696860