DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Industrial Controls and Factory Automation Market - by Technology, Components, End Use industries, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2015-2020)" report to their offering.
Global Industrial Automation Market is expected to grow at a CAGR of 6.81% between 2015 and 2020 reaching $ 190.45 billion by 2020 from $137 billion in 2015.
North America dominates the Global Industrial control and Factory Automation Market followed by Europe. Asia-Pacific is expected to be the fastest growing region in this industry.
Growing demand for smart factories, emergence of Internet of Things(IoT), mass customization, supply chain synchronization, integration of systems, increasing R&D and innovation in Artificial intelligence of products and services and advancement in the M2M communication technology are some of the key growth factors of this industry. Limited re-investment opportunities due to low profits, tight budgets for SMEs, reduced security and high installation and maintenance costs and lack of trained professions are some of the constraints in this industry.
Artificial Intelligence based automation is going to be a disruptor in increasing productivity and convenience. Automation companies need to maximize responsiveness to local customer needs, minimize domination of central corporate cultures, continuously adapt , innovate and utilize global resources prudently to expand globally.
- ABB Ltd
- Emerson Electric company
- General Electric
- Honeywell International
- M+W group
- Mitsubishi Electric Corporation
- Rockwell Automation
- Schneider Electric
1. Executive Summary
2. Market Overview
3. Market Dynamics
4. By Technology
5. By Component
6. By End Use Industries
7. By Region
8. Vendor Market Share Analysis
9. Company Profiles
10. Industry Structure
11. Industry M&As, Consolidations
12. Investment Opportunities
13. Global Industrial Controls and Factory Automation Market- Road Ahead
For more information about this report visit http://www.researchandmarkets.com/research/z5jwgl/global_industrial