Global Industrial Control and Factory Automation Market report added by Market Study Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Global Industrial Control and Factory Automation Market to reach USD 270.4 billion by 2027.
Global Industrial Control and Factory Automation Market is valued approximately USD 139.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.6% over the forecast period 2020-2027.
Industrial control systems integrate industrial software and hardware with network connectivity devices to support industrial infrastructure. Industrial controls & Factory automation systems help to deduct the operational cost of manufacturing and standardize the manufacturing process for improving quality. Industrial Control and Factory Automation also saves manpower cost by reducing labor in factories, quality control & auditing and minimizing the cost of rework as robots are highly effective and low on errors. Significant initial capital investments and re-investments for industrial control and factory automation systems and solutions are the major factors restraining the growth of global Industrial Control and Factory Automation market during the forecast period.
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Major Market Players in This Report:
Mitsubishi Electric Corporation
Yokogawa Electric Corporation
The detailed segments and sub-segment of the market are explained below:
Industrial 3D Printing
Supervisory Control and Data Acquisition (SCADA)
Programmable Logic Controllers (PLC)
Distributed Control Systems (DCS)
Manufacturing Execution Systems (MES)
Product Lifecycle Management (PLM)
Plant Asset Management (PAM)
Global Industrial Control and Factory Automation Market report main highlights:
Industrial Control and Factory Automation Market Forecast by regions, type and application, with sales and revenue, from 2020 to 2027.
Industrial Control and Factory Automation Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
Industrial Control and Factory Automation Market Size (sales, revenue) forecast by regions and countries from 2020 to 2027 of Industrial Control and Factory Automation industry.
The Global Industrial Control and Factory Automation Market growth is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2027. In 2019, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Industrial Control and Factory Automation Market trend for development and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions offered.
Industrial Control and Factory Automation Market report also mentions market share accrued by each product in the market, along with the production growth.
Table of Content:
- List of Abbreviations
- Scope of the Report
- Global Industrial Control and Factory Automation Market Research Methodology
- Global Industrial Control and Factory Automation Market Introduction
- Global Industrial Control and Factory Automation Market Landscape
- Market Segmentation by Product
- Market Segmentation by Country
- Market Growth Drivers
- Market Challenges
- Market Trends
- Market Size and Forecast
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