DUBLIN--(BUSINESS WIRE)--The "Global Industrial Automation Market - By Technology, Components, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.
Global Industrial Automation services market was $ 35.22 billion in 2016 and is estimated to reach $ 64.46 billion by 2022 growing at a CAGR of 10.6% for the forecasted period.
Industrial Automation involves automation of manufacturing, quality control and material handling processes. It involves usage of control systems, information technologies and robots to handle different processes in an industry. Various types of Industrial Automation include Fixed or Hard Automation, Programmable Automation and Flexible or Soft Automation. Project engineering and installation holds major share in this market. Advantages of Industrial Automation include increased productivity, improved product quality, reduced routine checks and improved operational efficiency.
North America dominates the Global Industrial Automation Market followed by Europe. Asia-Pacific is expected to be the fastest growing region in this industry. During 2015-16, 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.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Global Industrial Automation Market Segmentation, Forecasts And Trends - By Revenue
6. By Technology
7. By Component
8. By Region
9. Vendor Market Share Analysis
10. Company Profiles
- Rockwell Automation, Inc.
- Mitsubishi Electric Corporation
- Emerson Electric Company
- ABB Ltd.
- General Electric
- Omron Corporation
- Schnieder Electric
- Yokogawa Electric Corporation
For more information about this report visit https://www.researchandmarkets.com/research/7jbd2v/global_industrial