DUBLIN--(BUSINESS WIRE)--The "South East Asia Industrial Automation and Process Control Market by Product Type (DCS, PLC, SCADA, PLM), Industry Vertical (Textile, Oil and Gas, Food and Beverages, Life Sciences, Automotive, Packaging) - Industry Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The market is expected to grow at a CAGR of 7.8% from 2019 to 2025 to reach $4.97 Billion by 2025
The growth of industrial automation and process control in Southeast Asia is majorly supported by government initiatives, growing demand for industrial automation backed by growing production demands, and the advent of Industry 4.0. Growing needs for mass production and mounting pressure for reducing operational cost is also contributing to the overall growth of this market. However, high capital investment and the direct impact of industrial automation on employment are the major restraining factors for the consistent growth of this market.
Based on product type Southeast Asia industrial automation & process control market is segmented into product lifecycle management, distributed control system, supervisory control, and data acquisition system, variable frequency drive, general motion control, programmable logic controller, sensors & transmitters, manufacturing execution system, flowmeters, machine safety systems, enterprise asset management, human-machine interface, process safety system, operator training simulators.
At present, product lifecycle management commanded the largest share of the Southeast Asia industrial automation & process control market by product type and expected to witness high growth during the forecast period.
A programmable logic controller is expected to grow with the fastest CAGR throughout the forecast period. PLC can continuously monitor and help industry to make decisions based on the data collected. This certainly helps industries to save a considerable amount of time, money, and energy spent on impulsive decisions.
Based on industry vertical, the Southeast Asia industrial automation & process control market is majorly segmented into the process industry and discrete industry. In 2019, the process industry dominated the overall Southeast Asia industrial automation and process control market and is expected to continue its dominance throughout the forecast period. The process industry offers immense opportunities to incorporate disruptive technologies such as robots and automation & process control.
An in-depth analysis of the geographical scenario of the market provides detailed qualitative and quantitative insights about the major countries including Singapore, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines. In 2019, Singapore commanded the largest share of Southeast Asia industrial automation & process control market followed by Vietnam and Thailand.
The large share of this country is attributed to the high per capita income in the region with the manufacturing industry as a major contributor to it. The high advent of Industry 4.0 and rapid automation of industrial manufacturing & processing industry backed by strong government initiatives such as National Robotics Program is also aiding Singapore to emerge as the most dominating country in the Southeast Asia industrial automation & process control market.
Key Topics Covered:
2. Research Methodology
3. Market Share Analysis, by Key Players
4. Executive Summary
5. Market insights
5.2. Market Dynamics
22.214.171.124. Government Initiatives to Promote The Adoption of Automated Systems in Various Industrial Verticals
126.96.36.199. Increasing Demand for Automation From Various Manufacturing Sectors
188.8.131.52. Growing Innovations in Industrial Automation Systems
184.108.40.206. Growing Need for Mass Production With Reduced Operation Cost
220.127.116.11. Growing Risk of Unemployment
18.104.22.168. High Capital investments
22.214.171.124. Digital Transformation and Rapid Technological Advancements
126.96.36.199. Industry 4.0 Revolution
188.8.131.52. Growing Manufacturing Sector in Emerging Economies
184.108.40.206. Lack of Skilled Workforce
220.127.116.11. Automated Cyber Threat
6. Southeast Asia Automation and Process Control Market, by Product Type
6.2. Product Lifecycle Management
6.3. Distributed Control System
6.4. Supervisory Control and Data Acquisition System (Scada)
6.5. Variable Frequency Drive
6.6. General Motion Control
6.7. Programmable Logic Controller
6.8. Sensors and Transmitters
6.9. Manufacturing Execution System
6.11. Machine Safety Systems
6.12. Enterprise Asset Management
6.13. Human-Machine interface
6.14. Process Safety System
6.15. Operator Training Simulators
7. Southeast Asia Automation and Process Control Market, by Industry Verticals
7.2. Process Industry
7.3. Discrete Industry
8. Southeast Asia Automation and Process Control Market, by Geography
9. Competitive Landscape
9.2. New Product Launches
9.3. Partnerships, Collaborations, Alliances & Agreements
9.5. Mergers & Acquisitions
10. Company Profiles
10.1. Siemens AG
10.1.1. Business Overview
10.1.2. Financial Overview
10.1.3. Product Portfolio
10.1.4. Strategic Developments
10.2. ABB Group
10.3. Fanuc Corporation
10.4. Rockwell Automation, Inc.
10.5. Emerson Electric Corporation
10.6. Universal Robots
10.7. Schneider Electric SE
10.8. Honeywell international, Inc.
10.9. Panasonic Corporation
10.10. Eaton Corporation
10.11. Scott Automation & Robotics (A Subsidiary of Scott Technology)
10.12. Yokogawa Electric Corporation
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