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(I-SoftwareNews.Com, April 12, 2019 ) The global industrial automation control market accounted to US$ 158.5 Bn in 2018 and is expected to grow at a CAGR of 8.0% during the forecast period 2019 – 2027, to account to US$ 324.6 Bn by 2027.Europe is anticipated to be the highest revenue contributor in the industrial automation control market for the current year as well as throughout the forecast period. Developed markets including China, US and Japan has higher penetration however, there is still a lot of opportunity available for the industrial market to grow further even in the developed markets. The prospective for further installations is remarkable in many of these countries, particularly in non-automotive industry, but also in automotive industries in developing markets.
The integration of artificial intelligence will further reduce the intervention of humans, which will be beneficial for countries with inadequate and expensive labor force. However, this may also result in loss of employment in the labor-intensive economies.
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The major companies operating in the global market
ABB Ltd.
B&R Industrial Automation GmbH
Bosch Rexroth AG
Beckhoff Automation GmbH & Co. KG
Emerson Electric Co.
General Electric
Hitachi Ltd.
Honeywell International, Inc.
KOYO ELECTRONICS INDUSTRIES CO., LTD.
Mitsubishi electric corporation
The industrial sector is becoming increasingly entangled with artificial intelligence, big data as well as other such technologies. It is predicted that in the near future, automation will not only boost productivity but will also provide an advanced smart assistance to humans. The players are significantly investing in the development of industrial robots integrated with artificial intelligence. Further, the Chinese government is expanding its efforts to integrate artificial intelligence technologies into industrial sector. The integration of artificial intelligence will further reduce the intervention of humans, which will be beneficial for countries with inadequate and expensive labor force. However, this may also result in loss of employment in the labor-intensive economies.
This technological revolution in the factories has been encouraging the manufacturing industries to further invest into these emerging technologies in order to enhance their productivity and production cycle. Thus, the rapid expansion in the manufacturing industry is expected to drive the demand for industrial automation globally.
The global industrial automation control market by solution is segmented into Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Programmable Logic Control System (PLC), Product Lifecycle Management (PLM), and Others. These solutions covers infrastructure, industrial, and building sectors from the programmable relays to motion controllers to interface modules as these are suitable for both simple and complex process systems.
The industrial automation control market by end user is further segmented into process industry and discrete industry. Use of automation is gaining high momentum in both process and discrete industries, depending upon the usage of advanced technologies. Both the sector uses different technologies, solutions, and component to ensure proper implementation of industrial automations. The trend is expected to fuel the demand for industrial automation control across various industries.
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The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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