Industrial Control For Process Automation

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Glycolic Acid - Global Market Outlook (2018-2027)

 

According to Stratistics MRC, the Global Industrial Control For Process Automation Market is accounted for $160.00 billion in 2018 and is expected to reach $379.75 billion by 2027 growing at a CAGR of 10.1%. Rising use of enabling technologies in manufacturing, increasing adoption of industrial robots in manufacturing sector driven by a collaborative robot. However, the significant capital investment required for automation solutions is likely to hamper the profit boundaries.

 

Browse the full report Industrial Control For Process Automation - Global Market Outlook (2018-2027)  at https://www.strategymrc.com/report/industrial-control-for-process-automation-market

 

Market Insights:

 

industrial control for process automation is a general term that encompasses several types of control systems and associated instrumentation used for industrial process control. Such systems can range from a few modular panel-mounted controllers to large interconnected and interactive distributed control systems with many thousands of field connections. All systems receive data received from remote sensors measuring process variables, compare these with desired set points (SPs) and derive command functions which are used to control a process through the final control elements (FCEs), such as control valves.

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Based on the end-user, the mining and metals industry is expected to witness the highest growth rate during the forecast period in process industries. The mining and metals industry is related to the extraction of mineral and metal reserves and fabrication of metals. The metal industry offers metalworking processes such as grinding, milling, spinning, and forging. By geography, Asia Pacific is expected to hold the highest market share in the industrial control and factory automation market due to the technological innovation and increasing adoption of the automation technologies in various industries. Key players operating in the market in the Asia Pacific are Mitsubishi Electric (Japan), Omron (Japan), Yokogawa (Japan), Fanuc (Japan), Yaskawa (Japan), and Fuji (Japan).

Some of the key players in the Industrial Control For Process Automation Market include ABB, Yokogawa, Wika, Stratasys, Siemens, Schneider Electric, Rockwell Automation, Omron, Mitsubishi Electric Corporation, HP, Honeywell, General Electric, Fanuc, Endress+Hauser, Emerson, Dwyer and 3D Systems  

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Components Covered:

• Industrial 3D Printing

• Sensors

• Human–Machine Interface (HMI)

• Industrial PC

• Control Valves

• Machine Vision

• Field Instruments

• Industrial Robots

Solutions Covered:

• Supervisory Control and Data Acquisition (SCADA)

• Programmable Logic Controller (PLC)

• Product Lifecycle Management (PLM)

• Plant Asset Management (PAM)

• Manufacturing Execution System (MES)

• Functional Safety

• Distributed Control System (DCS)

End Users Covered:

• Discrete Industry

• Process Industry

 

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