DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Industrial and Factory Automation Market - Forecast (2015-2020)" report to their offering.
Industrial and specifically factory automation is the use of different control systems, software and other technologies for automation of the factory. The day to day technological advancements are helping the manufacturing process and other such tasks perform a lot faster and cost effective. The use of these technologies increases productivity, quality, almost negates wastage, faster interaction with different departments within the company and other such perks.
The challenges for this market are reduced security and high installation and maintenance costs. The biggest market for this industry exists in china which is the primary hub of global manufacturing industry. China for example accounts for more than 60% of Siemens control systems manufacturing. The need for automation is due to growing need for better quality products with increased production rates and also to reduce the labor costs.
The Industrial Automation equipment and services market is slated to grow at 7.05% CAGR for the next five years. The market is estimated to reach $283.2bn by 2018.
Control systems have the largest market in factories with M2M interaction making the process completely automated. Software's like ERP gives business management solutions, PAC aids with M2M interaction in control systems. Sensors help in differentiating, error control and production management.
Innovative products and services are gradually capturing the Industrial Automation market. Companies such as Sick AG are offering better miniature sensors to which are affordable and productive. Siemens who already have strong market in Asia are increasing production due to demand for automation in emerging countries like India.
Key Topics Covered:
1. Market Overview
2. Executive Summary
3. Market Landscape
4. Market Forces
5. Strategic Analysis
6. Industrial & Factory Automation Market by System Types
7. Industrial & Factory Automation Market by Hardware
8. Industrial & Factory Automation Market by Industry Verticals
9. Industrial & Factory Automation Market - Geographic Analysis
10. Market Entropy
11. Investment Opportunities - Analysis by Target companies/customers, Capital Investments, ROI, Payback Period and Source of Funds.
12. Company Profiles
- ABB Ltd
- Schneider Electric
- Rockwell Automation
- Beckhoff Automation
- General Electric
- Honeywell International
- Mitsubishi Electric Corp
- Sick AG
- Siemens AG
- Invensys Plc
- Yokogawa Electric Corp
- Danaher Corp
- Omron Corp
- Weidmuller Holding AG
-
Teledyne
For more information visit http://www.researchandmarkets.com/research/g8sc5m/industrial_and
