DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Industrial Control and Factory Automation Market - Global Forecast to 2022" report to their offering.
The industrial control and factory automation market is expected from USD 108.80 Billion in 2015 to reach USD 153.30 Billion by 2022, at a CAGR of 4.88% between 2016 and 2022. The market is expected to witness significant growth in the coming years, owing to the adoption of industrial control and factory automation solutions in several manufacturing processes that help manufacturers meet the latest industrial automation standards, save energy, and improve quality.
The major factors expected to drive the growth of the market are advancements in industrial internet and machine to machine communication technologies, increased focus on improved efficiency and low cost of production, government support for the adoption of new technologies in the manufacturing sector, and better connected supply chain.
This report focuses on detailed segmentations of the market, combined with qualitative and quantitative analysis of each and every aspect of the classification based on technology, component, industry, and geography.
Based on technology, the industrial control and factory automation market has been classified into Supervisory Control and Data Acquisition (SCADA); Programmable Logic Controller (PLC), Programmable Automation Controller (PAC), & Remote Terminal Unit (RTU); Distributed Control System (DCS); Product Lifecycle Management (PLM); Manufacturing Execution Systems (MES) and Manufacturing Operations Management (MOM); Human Machine Interface (HMI); and safety control systems.
DCS was the largest segment of the market in 2015, due to increased demand for this technology from power and oil & gas industries. Manufacturing Execution System (MES) and Manufacturing Operations Management (MOM) is expected to grow at a highest CAGR of 8.21% between 2016 and 2022.
Companies Mentioned:
- ABB Ltd.
- Emerson Electric Company
- General Electric Company
- Mitsubishi Electric Corporation
- Nextnine Ltd.
- Omron Corporation
- Rockwell Automation, Inc.
- Schnieder Electric SE
- Siemens AG
-
Yokogawa Electric Corporation
Report Structure:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Industrial Control and Factory Automation Market, By Technology
8 Industrial Control and Factory Automation Market, By Component
9 Geographical Analysis
10 Industrial Control and Factory Automation Market, By Industry
11 Competitive Landscape
12 Company Profiles
13 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/rdr6l7/industrial
