HOME Research Insight Industry Control and Factory Automation Market – New Revenue Pockets

Industry Control and Factory Automation Market – New Revenue Pockets

The human being is continuously advancing the production processes from the inception industrial revolution in 18thcentury, as new technologies are stepping in. The Industrial Controls and Factory Automation finds its application in various discrete and process industries including industries like oil & gas, chemicals, food & beverages, pharmaceuticals, automotive & transportation, mining, minerals & metals, packaging and others. The manufacturers of the goods will have an additional benefit if they are shifting to the wireless technology in industrial controls and factory automation, as it will offer cost-efficient, feasible and flexible production environment.

The market for industry control and factory automation is driven by the increasing focus on energy saving and efficiency improvement. The industrial control devices are making it possible for the organizations to smoothen their production activities also make them standardized, enabling cost cuttings and waste reductions. The Internet of things and services is to play crucial role in the industrial control and factory automation market, as they facilitate improvement in the industry’s engineering, production, logistics and life cycle management as they integrate the factors of production. The organizations are surviving in the cut-throat competitive environment, where they are striving for having competitive edge over others in production process, and this has pushed the market to the incessant advancement. The market for Industrial Control and factory Automation is finding a prospect in the emerging markets where there is a good scope for the implementation of factory automation systems and these emerging markets are China, India and Brazil. The market for refurbished robots is in upsurge, and also for the robotic systems-manufacturing and parts and servicing. Even the governments of some regions are supporting the use of refurbished robots, by not levying any duty charges.

The basic factors such as increasing need of real-time surveillance of the process, virtual monitoring, and the integration of the automation systems with the mobile technology and satellite communication are expected to aid the growth of industrial control and factory automation market during the forecasted years. The cloud-based SCADA software solution which is used as a control system in the industry is another technology in the trend. This will enable users to view the real-time processed& historical data which is uploaded to cloud and can be accessed by a devices such as smart-phones, tablets, and computers. Major companies have started adopting cloud based SCADA platforms which is expected to significantly reduce problems related to IT network deployment cost, reliability, and system functionality. RecentlyABB partnered with the Globalogix to provide a cloud-based SCADA infrastructure to their customer in Oil and Gas sector.

Major players operating in this market are generally providing the entire package of industrial control and factory automation systems, software’s and solutions to their clients and including the provision of hardware, software and services. The players such as Siemens Ag (Germany), ABB LTD (Switzerland), Emerson Electric Company (U.S), Rockwell Automation Inc (U.S.), Schneider Electric SA (France) and Honeywell International Inc (U.S.) are considered as the leaders in the industrial control and factory automation market. However, players like Johnson Controls Inc (U.S), General Electric Company (U.S.), Texas Instruments Inc (U.S) and Yokogawa Electric Corporation (Japan) are the major contributors in the market.

Related Reports:

Industrial Controls and Factory Automation Market by Technology (ICS, MES, ERP, ITS), Field Devices (Industrial Network, RFID, Industrial Robotics and Control Devices), Application (Process, Discrete) - Global Forecast & Analysis to 2014 - 2020

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