Nov 6 2014
Research and Markets has announced the addition of the "Industrial Controls and Factory Automation Market by Technology, Field Devices & Application - Global Forecast & Analysis to 2014 - 2020" report to their offering.
With the new surge of innovation in technology, 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.
Some of the major companies present in the market are: 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 market. However, players like Johnson Controls Inc (U.S), General Electric Company (U.S.), Texas Instruments Inc (U.S) and Yokogawa Electric Corporation (Japan).
Geographically, the market is majorly covered by the Americas, APAC, Europe and Rest of The World (ROW). The Americas market accounts the highest market and is followed by the Europe market which is then followed by APAC. Rest of the world (ROW), cover a small market share at present; however, they are expected to show growth in coming years due to the increasing rate of industrial controls and factory automation systems.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Industrial Control And Factory Automation Market By Technology
5 Industrial Control And Factory Automation Market By Field Devices
6 Industrial Control And Factory Automation Market By Application
7 Industrial Control And Factory Automation Market By Geography
8 Competitive Landscape
9 Company Profiles
- Abb Ltd.
- Emerson Electric Co.
- General Electric
- Honeywell International
- Johnson Controls, Inc.
- Rockwell Automation
- Seimens Ag
- Texas Instruments, Inc.
- Schneider Electric
- Yokogawa Electric Co.
For more information visit http://www.researchandmarkets.com/research/5r7bhd/industrial