LONDON–(BUSINESS WIRE)–Nov 27, 2020–
The industrial automation control market is expected to grow by USD 25.18 billion, progressing at a CAGR of almost 5% during the forecast period.
Click & Get Free Sample Report in Minutes
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201127005172/en/
Technavio has announced its latest market research report titled Global Industrial Automation Control Market 2020-2024 (Graphic: Business Wire)
The increasing focus towards smart factories is one of the major factors propelling market growth. However, factors such as exposure to cybersecurity threats will hamper the market growth.
More details:https://www.technavio.com/report/industrial-automation-control-market-size-industry-analysis
Industrial Automation Control Market: Product Landscape
Sensors convert a physical quantity into electrical signals and these signal indications are processed through an electronic automation system and portray physical variations or error signals in the device or instrument. Market growth in this segment will be faster than the growth of the market in the drivers SCADA and PLC segment.
Industrial Automation Control Market: Geographic Landscape
The rising industrialization and increasing investments in power, water and wastewater treatment, and food and beverages industries will significantly drive industrial automation control market growth in this region over the forecast period. 45% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial automation control in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Related Reports onIndustrialsInclude:
Global Playout Automation Market: The playout automation market size has the potential to grow by USD 1.68 bn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Global Building Automation and Control Systems Market: The building automation and control systems market size has the potential to grow by USD 27.83 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Companies Covered:
- ABB Ltd.
- Eaton Corporation Plc
- Emerson Electric Co.
- General Electric Co.
- Honeywell International Inc.
- OMRON Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Sensors – Market size and forecast 2019-2024
- DCS – Market size and forecast 2019-2024
- Drives – Market size and forecast 2019-2024
- SCADA – Market size and forecast 2019-2024
- PLC – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Process industry – Market size and forecast 2019-2024
- Discrete industry – Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Eaton Corp. Plc
- Emerson Electric Co.
- General Electric Co.
- Honeywell International Inc.
- OMRON Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20201127005172/en/
CONTACT: Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website:www.technavio.com/
KEYWORD:
INDUSTRY KEYWORD: ENGINEERING OTHER MANUFACTURING MANUFACTURING STEEL
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 11/27/2020 10:47 AM/DISC: 11/27/2020 10:47 AM
http://www.businesswire.com/news/home/20201127005172/en
Copyright Business Wire 2020.
Google News
https://news.google.com
Google News is a news aggregator and app developed by Google. It presents a continuous, customizable flow of articles organized from thousands of publishers and magazines. Google News is available on Android, iOS, and the web. A beta version was launched in September 2002 and released officially in January 2006.
