Global Industrial Control and Factory Automation Market was USD 114.11 billion in 2016, which is expected to reach USD 151.87 billion by 2022 at a CAGR of 4.88%. Further HVAC Systems and HMI are pulling the demand of Industrial control and Factory Automation.
Industrial Control system are typically control systems such as PLC, SCADA, and DCS which is used in production technology to monitor the production process. But the Cyber security of such systems are today's main issues. Malware infection on this system generates various faulty signals and may sometimes lead to loss in the system's operation capabilities. To avoid such cyber-attacks, Industrial Control Systems companies are collaborating with the IT security providers to protect the control systems and secure industrial customers.
Automation is using controls system that automatically operates a production process or an equipment.
Industrial Control and Factory Automation are the perfect way of engaging Mechanical Components to IT Systems. It is also a smart way of manufacturing to reduce the cost, increase standardization, quality improvements and optimizing the efficiency.
North America has largest share in Industrial Control and Factory Automation in 2014 because of increase in demand of safer and reliable process automation in different sectors. Asia - Pacific is the second largest leader in this market followed by EMEA. North America is expected to be the market leader till the forecasted period.
The major growth driver is the increase in Infrastructure Investment, need to counter cyber-attack on the industries, increase in need for developing an automation among diverse verticals of business etc. Automation can be useful in industries such as chemical, Oil and Gas, Power, and Water & Wastewater Industries where the risk involved to human capital is more. In 2012-14, Chemical companies in the US were attacked by hackers with an intention to collect IP.
Market has a constraint such as less availability of standardization, limited fund, lack of awareness, narrow geographic areas covered, low profit margin so firms do not re-invest, less trained professional availability.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
Industry Value Chain Analysis
Porter's Five Forces
4. Global Industrial Control and Factory Automation Market Segmentation, Forecast and Trends - By revenue
5. By type
6. By component
Industrial control system
7. By Industry
Oil & Gas
food & Beverages
Water & Waste water management
8. By Region
9. Vendor Market Share Analysis
10. Company Profiles
Yokagawa Electric Co.
M+W Group GmbH
11. Industry Structure
Industry M&As, Consolidations
Global Industrial Control and Factory Automation market Road ahead