DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Industrial Automation Market - by Technology, Components - Market Size, Demand Forecasts, Industry Trends and Updates (2015-2020)" report to their offering.
Global Industrial Automation services market is estimated to exceed $52.7 billion by 2020 growing at a CAGR of 10.63% for the forecasted period.
North America dominates the Global Industrial Automation Market followed by Europe. Asia-Pacific is expected to be the fastest-growing region in this industry. In 2015, U.S. companies exported nearly $10.5 billion worth of products to foreign markets.
Need for operational efficiency, Rapidly growing SMEs, growing inclination towards Internet of Things (IoT) and cloud-based automation, growing demand for smart factories, mass customization, supply chain synchronization, integration of systems, increasing R&D and innovation in Artificial intelligence and advancement in the M2M communication technology are some of the key growth factors of this industry. High installation and maintenance costs and lack of trained professions are some of the constraints in this industry.
Major companies in this industry include Honeywell International Inc., General Electric Company, Mitsubishi Electric, Rockwell Automation, Johnson Controls Inc., ABB Ltd., Samsung Electronics Co., Ltd., Siemens AG and Schneider Electric. Most of the regional and local vendors are vertically integrated. International players can grow by acquiring regional or local players.
- ABB Ltd.
- Emerson Electric Company
- General Electric
- Mitsubishi Electric Corporation
- Nextnine Ltd
- Omron Corporation
- Rockwell Automation, Inc.
- Schnieder Electric
Yokogawa Electric Corporation
1. Executive Summary
2. Market Overview
3. Market Dynamics
4. By Technology
5. By Component
6. By Region
7. Vendor Market Share Analysis
8. Company Profiles
9. Industry Structure
10. Industry M&As, Consolidations
11. Investment Opportunities
12. Global Industrial Automation market-Road Ahead
For more information about this report visit http://www.researchandmarkets.com/research/tvssww/global_industrial