Global Industrial Automation and Control Systems Market size was valued at US$ XX Bn in 2019 and expected to reach US$ XX Bn by 2019 at a CAGR of 7.8 % during the forecast period. The global Industrial Automation and Control Systems market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Industrial Automation and Control Systems report also provides trends by market segments, technology, and investment with a competitive landscape.
To know about the Research Methodology :- Request Free Sample Report Based on the control system, the industrial automation and control systems market is segmented into distributed control systems (DCS), programmable logic controllers (PLC), supervisory control and data acquisition (SCADA), and others. In terms of revenue, the DCS segment dominated the market for factory automation and industrial controls in 2019. A distributed control system (DSC) is an automated management solution for monitoring and controlling a variety of industrial activities. It's utilized for data collection, data visualization, process control, process supervision, and information reporting. It consists of a high-speed communication network and several local controllers for plant control. It also contributes to the reduction of component failure risks and the timely upgrade of obsolete technologies. The increasing industrialization of developing countries such as China, India, and the Middle East are credited with this increase. Increased government backing for industrialization and impending development plans in industries such as power, energy, and utilities characterize such developing countries.
In North America, because of the growing popularity of biosimilars, the pharmaceutical and biotech industries have boosted their usage of automation and control systems in recent years. Some of the key factors driving the growth of the global automation and control system market in the pharmaceutical and biotech industries are an increase in generic drugs, an increase in the prevalence of chronic diseases, an increase in the need for pharmaceutical drug productivity, and an increase in biotechnology market investment for new drugs. Furthermore, the global automation and control system market in the pharmaceutical and biotech industries is growing due to increased healthcare awareness. Government actions to encourage the adoption of industrial automation are also projected to boost the industry. The German government, for example, suggested the Industry 4.0 strategy, which prioritizes process automation, the industrial internet of things (IIoT), cognitive and cloud computing, and artificial intelligence. The factories and industrial plants are moving towards Industry 4.0 and implementing smart processes as a result of this approach.
Overview of Industrial Automation and Control Systems:
Control systems and equipment, such as computer software and robots, are used in industrial automation to accomplish tasks that were formerly performed manually. These systems automate the operation of industrial equipment, minimizing the amount of operator interaction and oversight required. Digitization and the Industry 4.0 revolution have accelerated the growth of automation in a variety of industries by requiring the use of smarter and automated solutions to optimize production processes, such as robotics and control systems.Global Industrial Automation and Control Systems Market Dynamics:
Due to the rising adoption of process automation across various industries such as automotive, energy utilities, and chemicals, the market is expected to rise significantly over the forecast period. Due to the system's reliability and effectiveness, the companies are dramatically decreasing labor and operational costs, as well as avoiding human errors. Furthermore, automotive manufacturers all over the world recognize that the next generation of robots and automation technology represents a game-changing opportunity to improve productivity, quality, safety, and cost parameters in the automotive industry. Additionally, higher robotic automation investment year over year is expected to boost demand for robot automation systems. The high costs of automated systems are linked to the use of effective and reliable hardware and software. Automation equipment necessitates a higher initial investment in automation technologies (an automated system can cost millions of dollars to design, fabricate, and install). They also require more maintenance than a manually controlled machine, and have a lower degree of product flexibility than a manual system; these drawbacks are projected to limit market growth.Industrial Automation in Chemical Industry:
Automation has benefited many chemical facilities in India, and it is a trend that is spreading over the world. When a modular system design is integrated into a plant, it can optimize processes and pre-define several functions that perform engineering duties. Any facility that is concerned about the commissioning process can look towards automation as a solution to meet the demanding environmental standards. This is because numerous alarms may be managed when concerns develop, which avoids a considerable amount of human error that could otherwise occur.Impact of Covid-19
The COVID-19 outbreak has had a severe influence on the industrial control sector, has production facilities in the electronics and semiconductor industries have been shut down due to the slowdown and unavailability of personnel around the world. The COVID-19 epidemic has resulted in a severe and long-term reduction in production capacity. Furthermore, travel bans and facility closures kept people out of their workplaces, resulting in a decrease in the industrial control market's growth in 2020.Global Industrial Automation and Control Systems Market Segmentation:
To know about the Research Methodology :- Request Free Sample Report Based on the control system, the industrial automation and control systems market is segmented into distributed control systems (DCS), programmable logic controllers (PLC), supervisory control and data acquisition (SCADA), and others. In terms of revenue, the DCS segment dominated the market for factory automation and industrial controls in 2019. A distributed control system (DSC) is an automated management solution for monitoring and controlling a variety of industrial activities. It's utilized for data collection, data visualization, process control, process supervision, and information reporting. It consists of a high-speed communication network and several local controllers for plant control. It also contributes to the reduction of component failure risks and the timely upgrade of obsolete technologies. The increasing industrialization of developing countries such as China, India, and the Middle East are credited with this increase. Increased government backing for industrialization and impending development plans in industries such as power, energy, and utilities characterize such developing countries.Advantages of DCS Systems in Various Industries:
In comparison to traditional centralized control systems, DCS may be used for big and complex industrial processes while also providing increased control dependability. As a result, it has a wide range of uses in industries like oil and gas, chemical, food and beverage, nuclear power, wastewater management, and automobiles. One of the primary drivers propelling the market's favorable outlook is significant growth in the oil and gas industry, as well as rising industrial automation around the world. In addition, the growing need for efficient optimization solutions in the power and energy sectors is propelling the market forward. DCS allows operators to operate, report, and monitor plant components independently, as well as manage databases, visuals, control logic, and security systems. Based on Component Type, in 2019, the control valves segment had the biggest market share and this is projected to continue throughout the projected period. Control valves have a large market share due to their widespread use in the oil and gas industry, which benefits they provide in terms of pressure and temperature control throughout downstream, middle, and upstream activities. Furthermore, the rising number of power production plants around the world, as well as the growing demand for energy and electricity in developing nations are likely to drive up demand for control valves in the power generating industry.Global Industrial Automation and Control Systems Market Regional Insights:
In North America, because of the growing popularity of biosimilars, the pharmaceutical and biotech industries have boosted their usage of automation and control systems in recent years. Some of the key factors driving the growth of the global automation and control system market in the pharmaceutical and biotech industries are an increase in generic drugs, an increase in the prevalence of chronic diseases, an increase in the need for pharmaceutical drug productivity, and an increase in biotechnology market investment for new drugs. Furthermore, the global automation and control system market in the pharmaceutical and biotech industries is growing due to increased healthcare awareness. Government actions to encourage the adoption of industrial automation are also projected to boost the industry. The German government, for example, suggested the Industry 4.0 strategy, which prioritizes process automation, the industrial internet of things (IIoT), cognitive and cloud computing, and artificial intelligence. The factories and industrial plants are moving towards Industry 4.0 and implementing smart processes as a result of this approach.Recent Development:
Rockwell Automation, Inc. announced in February 2020 that it had reached an agreement to buy ASEM, S.p.A., a pioneer in digital automation technologies based in Italy. ASEM provides a full variety of Industrial PCs (IPCs), HMI software and hardware, secure Industrial IoT gateway solutions, and remote access capabilities. The objective of the report is to present a comprehensive analysis of the Global Industrial Automation and Control Systems Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Industrial Automation and Control Systems Market dynamics, structure by analyzing the market segments and project the global Industrial Automation and Control Systems market size. Clear representation of competitive analysis of key players By Control System, price, financial position, product portfolio, growth strategies, and regional presence in the Global Industrial Automation and Control Systems Market make the report investor’s guide.Global Industrial Automation and Control Systems Market Scope: Inquire before buying
