Global Factory Automation and Industrial Controls Market is accounted for $151.85 billion in 2020 and is expected to reach $339.86 billion by 2028 growing at a CAGR of 10.6% during the forecast period. An increase in the adoption of robots in the global manufacturing industry and initiatives undertaken by governments of different countries are driving the market growth.
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By geography, Asia Pacific is going to have significant growth during the forecast period. An increase in industrial production in countries, such as China, India, and Germany and strong growth purchase manager index numbers from Australia, China, and the UK will influence the growth in the Asia Pacific.
Some of the key players profiled in the Factory Automation and Industrial Controls include Rockwell Automation Inc., Honeywell International Inc., General Electric Co., ABB Limited, Dassault Systemes SE, Schneider Electric SE, Emerson Electric Company, Autodesk Inc., Mitsubishi Electric Corporation, Siemens AG, Aspen Technology Inc, Robert Bosch GmbH, Texas Instruments Inc., and Yokogawa Electric Corporation.
Control Systems Covered in Factory Automation and Industrial Controls Market
• Distributed Control Systems (DCS)
• Functional Safety
• Human-Machine Interface (HMI)
• Manufacturing Execution Systems (MES)
• Plant Asset Management (PAM)
• Product Lifecycle Management (PLM)
• Programmable Automation Controller (PAC)
• Programmable Logic Controllers (PLC)
• Safety Instrumented System (SIS)
• Supervisory Control And Data Acquisition (SCADA)
Products Covered:
• Software
• Machine Vision
• Sensors
• Power Backup
• Services
• Industrial Personal Computer (IPC)
• Industrial 3D Printing
• Motion and Drives
• Relays and Switches
• Industrial Control Systems
• Control Valves
• Field Device
• Automation Electronics
• Motor & Motor Control
• Remote Terminal Unit (RTU)
• Field Instruments
• Connectivity
• Robots
• Power and Energy Meters
• Measurement and Analytical Products
• Interrogate Threat System (ITS)
Applications Covered:
• Artificial Intelligence (AI)
• Augmented Reality (AR) and Virtual Reality (VR)
• Big Data Analytics
• Condition Monitoring
• Flow
• Industrial Cyber Security
• Industrial Internet of Things (IIoT)
• Level
• Pressure
End Users Covered:
• Process Industries
• Discrete Industries
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