HOME Research Insight Siemens (Germany) and ABB (Switzerland) are Some of the Leading Players in the Industrial Control and Factory Automation Market



Siemens (Germany) and ABB (Switzerland) are Some of the Leading Players in the Industrial Control and Factory Automation Market


Industrial control and factory automation is used in manufacturing plants of various industries for reducing human errors, as well as improving efficiency and quality of the final product. Automation systems provide real-time information and advanced predictive monitoring, which helps in increasing the productivity of the plants. SCADA, HMI, DCS are the various solutions, which help in providing real time data and ensuring continuous inspection of the plants and systems, thereby improving the manufacturing process. The industrial control and factory automation market is expected to be worth USD 239.11 Billion by 2023, at a CAGR of 7.4% between 2017 and 2023. Increasing demand for automation systems in manufacturing plants is one of the major factors boosting the growth of the market

Siemens (Germany), ABB (Switzerland), Emerson (US), Mitsubishi (Japan), and Schneider (France) are some of the leading players in the industrial control and factory automation market. Some of the key strategies adopted by the major players to gain a competitive edge in the market include product launches and developments, agreements, contracts, joint ventures, collaborations, partnerships, expansions, and acquisitions.

Siemens was the leading company in the industrial control and factory automation market in 2016. The company manufactures a complete range of automation products needed in manufacturing plants such as MES, monitoring systems, PC-based automation, and PLM software. The company offers a wide industrial automation portfolio of products, which helps it to gain a competitive advantage in the industrial control and factory automation market. The launch of Sinema Server network software in July 2017 for industrial applications that visualize and monitor networks facilitated the expansion of its base. To maintain its position in the market, the company has been focusing on inorganic growth strategies such as collaboration. In June 2017, the company collaborated with Tata Consultancy Services (India) for procuring a cloud-based software named MindSphere, which helps in the preventive maintenance in manufacturing plants. Moreover, the company focuses on the strategy of contracts. In May 2017, Siemens received a contract by Colbun S.A. (Chile) to upgrade the Central Termoelectrica Nehuenco-I plant in which Siemens used its automation SPPA-T3000 control system.

ABB was another leading company in the industrial control and factory automation market in 2016. The company has a strategically balanced portfolio. The company focuses more on acquisitions. For instance, in March 2017, the company launched world’s first digital distribution transformer that facilitates better asset management. The company has adopted the strategy of acquisition to maintain its position in the market. Moreover, in April 2017, ABB acquired Bernecker & Rainer Industrie-Elektronik GmbH (Austria), an innovative leader in PLCs, industrial PCs, and factory automation, to strengthen its base. Furthermore, in July 2017, ABB acquired KEYMILE GmbH (Germany) for its communication network business to strengthen its digital grid portfolio.

Other companies involved in the development of industrial control and factory automation include Rockwell (US), General Electric (US), Yokogawa (Japan), Omron (Japan), and Honeywell (US).

Related Reports:

Industrial Control and Factory Automation Market by Solution (SCADA, PLC, DCS, MES, PLM, PAM, Functional Safety), Component (Industrial Robots, Industrial 3D Printing, Control Valves, Machine Vision, HMI), Industry and Geography - Global Forecast to 2023

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