1 / 6

Global Industrial Automation Market

The global industrial automation market is expected to witness a CAGR of 9.3% during the forecast period. Industries are moving towards industrial automation of manufacturing and related processes owing to its agility, responsiveness, reliability, avoiding risks, and efficiency. The growing prominence of plant instrumentation and enterprise-level control components to automate hardware and software in various industries will propel the growth of the industrial automation market.

Research1
Download Presentation

Global Industrial Automation Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Industrial Automation Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Industrial Automation Market The global industrial automation market is expected to witness a CAGR of 9.3% during the forecast period. Industries are moving towards industrial automation of manufacturing and related processes owing to its agility, responsiveness, reliability, avoiding risks, and efficiency. The growing prominence of plant instrumentation and enterprise-level control components to automate hardware and software in various industries will propel the growth of the industrial automation market. Moreover, the rising need for monitoring, controlling, and analyzing machine operation and forecasting downtime & faults propels the demand for sensors. The advancement of automation solutions with integrated sensors will enhance the efficiency of manufacturing plants and reduce their operational cost, resulting in the growth of the industrial automation market.

  4. Global Industrial Automation Market ABB and ETH Zurich have expanded their partnership in robotics research as part of ETH’s RobotX initiative. The RobotX initiative is intended to position ETH as a leader in robotics research institutions. The effort will be supported by ABB’s Robotics and Discrete Automation business. The industrial sector has had an adverse impact due to the COVID-19 outbreak owing to less consumption of high-cost products and consumers being inclined to spend on essential goods & services. This has led to a decrease in sales of industrial automation products. However, countries like the US, China, India, etc., are spending huge amounts on industrial automation. China’s automation spending has increased to 30% of worldwide automation spending.

  5. Global Industrial Automation Market The rising demand for autonomous vehicles, rising pressure to minimize the carbon footprint by adopting electric vehicles, efficient production systems will force the automakers to develop new manufacturing processes resulting in the growth of the industrial automation market. North America is anticipated to grow at a faster pace in the industrial automation market owing to the huge demand for semiconductor products, massive technological development, rise in IoT R&D activities, and prosperous manufacturing sector. Some of the major players in the global industrial automation market include ABB, Rockwell Automation, Inc., Siemens, Emerson Electric Co., Schneider Electric, GENERAL ELECTRIC, Honeywell International Inc., Yokogawa Electric Corporation, Mitsubishi Electric Corporation, and AMETEK, Inc.

  6. For Sample Report :- https://www.vynzresearch.com/semiconductor-electronics/industrial-automation-market/request-sample www.vynzresearch.com

More Related