Global Machine Automation Controller Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.31% during the forecast period, i.e. 2017-2025. Manufacturing industry requires high efficiency and accuracy due to heavy demand in the market. The machine automation controller is mainly consists of automation control devices such as Programmable Logic Devices (PLC’s), Distributed Control System (DCS) and industrial PC. These control devices are highly efficient and are design to sustain harsh environment and gradually increment demand in the industry.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
The machine automation controller market is estimated to be USD xx.xx by 2019 and is expected to reach USD xx.xx by 2024, contributing xx.xx% in the market..DCS offers centralized control operation allowing accurate monitoring, reporting and control of the individual parts working on the manufacturing process. Moreover, the ability of DCS to manage highly complex operations during manufacturing even makes it more demanding and is considered as an ideal solution in companies and large manufacturing set up.
Machine automation controllers are likely used with IP20 and IP65 rating where the automated system is constantly in contact with dust, liquid and solid objects which are capable of damaging the system and cause production break down. DCS and Industrial PC are configured with IP65 or IP20 protocol since they provide addition protection. The market for IP20 is expected to register higher growth during the period 2019 to 2024.
The oil and gas industry is the capital industry which uses automated machines for exploration, filling, drilling and for other purposes due to lack of skilled labors. Oil and gas companies are constantly trying to automate their manufacturing processes to improve productivity at less operational cost. With the help of modern equipment and advanced automated systems, gas and oil companies will reorganize operations and reach higher productivity.
ABB (Switzerland) is one of the leading manufacturers of automation controller. The company’s advanced strategies and innovative business ideas has helped them to build highly efficient and flexible controller which are installed in various industries such as water management, oil & gas industry and energy & power.
The global market for machine automation controller can be segmented by product type, function, industry and region. Based on the product type the market for machine automation controller has been segmented into IPC controller and modular controller. On the basis of function type global machine automation market has been segmented into logic sequence, robotics, motion and database connection. Based on the end user industry type global machine automation controllers market has been segmented into food and beverages, automotive, cosmetics, pharmaceutical, oil & gas industry and energy and power industry.
Based on the geographies, the global machine automation controllers market has been classified into four regions such as North America, Europe, Asia-pacific and other. Among these regions North America accounts for high market share in market with CAGR of xx.xx% for automation controllers and will sustain a boost in upcoming forecast followed by the Europe. Emerging countries from Asia-pacific such as India, China, Japan and Australia are anticipated to showcase a significant growth in global market for automation controller due expanding automation technology and prominent player investing in the market to meet growing demand in the respective region.
The main key companies contributing in the market of machine automation controller are ABB, Honeywell, Kontron, Siemens, Emerson, Mitsubishi electronics, Rockwell automation, Advantech. The study identifies and analyzes the market dynamics, such as drivers, restraints, opportunities, and industry-specific challenges pertaining to the market. It also profiles key players operating in the AGV market. The growth of this market is driven by the factors such as the growing demand for automation in material handling across industries, emerging e-commerce industry, rising requirement for workplace safety standards, and growing productivity owing to improved supply chain processes.
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