BANGALORE, October 30, 2015 /PRNewswire/ --
Mordor Intelligence announces the publication of their report Global Factory Automation & Industrial Controls on October 30, 2015.
The Global Factory Automation & Industrial Controls market was valued at $196.64 billion in 2015 and is estimated to reach $276.23 billion by 2021, which is growing at a CAGR of 7.03% during 2015-2020.
Increased focus towards manufacturing in developing counties, Internet of Things (IoT) & Machine-to-Machine (M2M) technologies and focus towards cost cutting and business process improvements are fuelling the growth of the factory automation and industrial controls market. While lack of skilled labor and high installation costs are hindering the growth of this market.
Industrial Control Systems is poised to account for 37% market share in 2015 followed by Field Devices. Sensors are the highest contributor to the field devices and robotics is the fastest growing segment with a CAGR of 7.79% during the forecast period. North America dominates the FA & ICS market throughout the forecasted period fuelled by the industry friendly policies of the government. Asia Pacific is forecasted to exhibit highest growth rate due to rapid increase in the manufacturing facilities.
Get the Full Report Here: Global Factory Automation & Industrial Controls
The major segmentation in the report includes the market estimates by Products such as Field Devices - Machine Vision, Robotics, Sensors, Motion & Drives, Relays & Switches); Industrial Control & Systems - SCADA, DCS, PLC; Manufacturing Execution System - MES; Enterprise Resource Planning - ERP; Product Lifecycle Management - PLM. The report provides an in-depth analysis of the FA & ICS market across different geographical regions viz. North America, Europe, Asia-Pacific, Latin America and Middle East & Africa along with further country-wise segmentation. The FA & ICS Market in the report is also segmented on the basis of Industry verticals such as Automotive, Packaging, Chemical, Power, Pharmaceuticals, Food Processing, Oil & Gas, Textile, Plastic and Others with negligible market share.
The Factory Automation & ICS market report includes competitive vendor landscape while considering major companies such as Rockwell Automation, Honeywell, GE, ABB, Emerson, Dassault Systemes, Autodesk, Mitsubishi, Schneider Electric, Siemens, Invensys, Aspen Tech, Bosch, Texas Instruments, Johnson Controls, Inc. and Others.
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About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our singular focus is to provide research insights for business success. Our research team has expertise in diverse fields like Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive. However diverse the expertise maybe, everyone in our team shares one common trait - 'we love data and we love providing solutions to clients using that data'. Seeing your business flourish based on our solutions and strategy is what we love the most.
SOURCE Mordor Intelligence LLP