Industrial Controls and Factory Automation Market

Date: 5/19/2014

Global Industrial Controls and Factory Automation Market by Technology, Field Devices and Applications

The Industrial Controls and Factory Automation Market Is Projected To Reach $301.9 Billion by 2020, From $171.2 Billion in the Year 2013, With A CAGR Of 8.53%

  • By: marketsandmarkets.com
  • Publishing Date: May 2014
  • Report Code: SE 2505

Integration of smart mechanical systems with IT technology has pushed the Industrial Controls and Factory Automation Market to the new heights. These systems are now being used in the industries to make the standardized and reliable production activities. The automation in the production activities are offering advantages in: cost-efficiency, waste reduction, speed production, ease in production monitoring and management, reduced feedback and action times, over the traditional manual processes. The various mechanical instruments and devices are coupled with the smart computing or IT systems for the better results in automation. The scope of the industrial controls and factory automation is not limited to the production floor, but it is extended to the overall business processes. The software systems like Enterprise Resource planning (ERP) are helping the market to extend their service offerings. It is indirectly offering customers better quality, standardized and reliable products within time and at affordable cost.

The main drivers for the market includes, increasing focus on energy saving and efficiency improvement, internet of things and services playing crucial role in integration of manufacturing and engineering. The other driver is country specific force for manufacturing activities and shifting change in the manufacturing base.

With the new surge of innovation in technology, the industrial control systems and factory automation systems are now being utilized by various industries for accurate and reliable process control. In the present scenario when the size of the hardware is reducing and the use of embedded systems have shown a reasonable growth; the upcoming trend of nanotechnology, nanotech sensors, machine-to-machine communication systems and Internet of things will generate growth to market.

The market is driven by the increasing prominence on energy saving and improving efficiency. The ‘Internet of things’ and the promising trend of cloud based technologies and services are increasing the scope of the industrial controls and factory automation system. The number of internet users have increased drastically in the last decade and almost doubled in the last eight years. With the advancement in wireless technology protocols there has been development in products like introduction of wireless PLC’s, and wireless Remote Terminal Units (RTU), and so on in order to make the automation control systems compatible with the wireless protocols. The countries and governments are promoting the automated and smart manufacturing activities. The market is finding good prospects in the emerging manufacturing bases, increased scope of refurbished robot markets and attractive but untapped potential market of field devices such as Radio Frequency Identification Device (RFID) and Industrial robots. The market is fuelling in the emerging economies like India, China and Brazil.

The Industrial Controls and Factory Automation market is projected to reach $301.9 Billion by 2020, from $171.2 Billion in the year 2013, with a CAGR of 8.53%. the major players in the market includes: 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.).

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Human Machine Interface (HMI) Panels and Enhanced Operator Interface Terminals Improve Industrial Automation and Process Control Efficiency

Human Machine Interface (HMI) Panel PCsAIS, the leader in visualization, control and monitoring and displays solutions, with comprehensive in-house custom engineering and management capabilities, announces the availability of their expansive family of scalable Human Machine Interfaces (HMIs) and operator interface panels for automation and process control industries.  Applications in process industries such as Oil Refineries, Rigs & Processing Plants, Chemical Processing Plants, Gas Pipelines, Coalmines, Printing Industries, Paper & Textiles, Automotive Refueling Stations & Petrol Stations, Power Generation, Water & Waste Water, Food & Beverage, benefit from utilizing AIS’s HMIs, operator interfaces and rugged panel PCs for visualizing, controlling and monitoring for automation, process flow and batch control. Learn More >