Industrial Automation Market

Industrial Automation Control Market Expected To Grow at a CAGR of 8.0% During The Forecast Period 2019 – 2027

ABB LTD., HONEYWELL INTERNATIONAL INC., SIEMENS AG – PROMINENT MARKET PARTICIPANTS IN INDUSTRIAL AUTOMATION CONTROL MARKET

The industrial automation control market is highly competitive in nature with considerable number of players, having a high level of dominance over the overall revenue share. Most of the companies operating in the industrial automation control market are present globally and have wide distribution and sales network through partnerships or authorized dealers.

The most prominent market players in industrial automation control market are ABB Ltd., Honeywell International Inc., Siemens AG, Emerson Electric Co., Bosch Rexroth AG, General Electric Company, Hitachi, Ltd., Koyo Electronics Industries Co., Ltd., Mitsubishi Heavy Industries, Ltd., Omron Corporation, Rockwell Automation, B&R Industrial Automation Gmbh, and Beckhoff among others for a considerable share of the market owing to their product offerings to the market.

Market leaders are involved in extensive research for the development of new products with advanced technology. For instance, in 2017, Mitsubishi Electric Established Factory Automation Service Center in Coimbatore, India. New facility will strengthen its nationwide factory automation products in India and facilitate expansion of its FA system business.  Subsequently, introduction of such initiation are expected to provide this market with lucrative growth opportunities.

Many well-known as well as small local companies are present in the market to provide diversified product to its customers. The larger firms are adopting the strategy of partnership, contractual alliances for the deployment of new technological solutions to enhance its product portfolio and expand its footprint in different geographies. Few on the important market initiative from the industry are mentioned below:

Year News Country
2019 Hitachi Ltd. announced that it will strengthen its wind power generator maintenance services and expand its core product of wind power generation solution business, as part of efforts to strengthen its renewable energy business, including community-based and collaborative creation-oriented energy projects that combine solar power, storage batteries, EMS*1 and other elements. Asia Pacific
2018 ABB Ltd. announced an investment of US$ 150 Mn in Shanghai, China. The investment is aimed to build most advanced, automated and flexible robotics factory. This production line will focus on machine learning, digital and collaborative solutions, and the R & D team will focus on AI research. Asia Pacific
2018 Honeywell Process Solutions has entered into a reseller agreement with the Software Products division of Applied Engineering Solutions, Inc. (aeSolutions). Through the reseller agreement, aeShield is integrated into Honeywell’s Process Safety Suite. North America
2017 ABB and Kawasaki collaborated to promote benefits and share knowledge connected with collaborative robots, for specifically dual arm designs. This collaboration will facilitate in educating NGOs, policy makers, and general public about the advantages of collaborative automation, and also, in developing common approaches of programming, safety, and communications for industries. Europe

 

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