DUBLIN--(BUSINESS WIRE)--The "Global Industrial Controls and Factory Automation Market - By Technology, Components, End Use industries, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.
Global Industrial control and Factory automation market is expected to grow at a CAGR of 6.78% between 2016 and 2022 reaching $ 216.5 billion by 2022 from $146.21 billion in 2016.
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.
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.
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.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Global Industrial Controls And Factory Automation Market Segmentation, Forecasts And Trends - By Revenue
6. By Technology
7. By Component
8. By End Use Industries
9. By Region
10. Vendor Market Share Analysis
11. Company Profiles
12. Industry Structure
- ABB Ltd
- Emerson Electric company
- General Electric
- Schneider Electric
- Honeywell International
- Mitsubishi Electric Corporation
- Yokogawa Electric
- Rockwell Automation
- M+W group
For more information about this report visit https://www.researchandmarkets.com/research/lnxzn7/global_industrial