Regional Players Dominate the Competition Comprising ~45% of Total Competitors Despite the Presence of about ~500 Competitors including Large Number of Country-Niche Players and Global Players, finds a recent market study on the Global Industrial Automation and Control Systems Market
Industrial automation uses
technology and control systems, such as computers and robots, to complete
activities that were previously completed manually. These solutions reduce the
need for operator engagement and supervision by automating industrial equipment
operations. Industrial automation control system solutions require smart
devices for data gathering as well as secure infrastructures to enable
communications and data transfers.
“Ken
Research shares 3 key insights on the competitive landscape of this dynamic
market from its latest research study.”
Global
Players Constitute ~20% of the Total Number of Competitors, While Regional
Players Dominate Representing ~45% of Total Competitors.
A comprehensive competitive
analysis conducted during the Research
Study found that the Global Industrial
Automation and Control Systems Market is highly competitive with ~500 players,
including globally diversified players, regional players, and a large number of
country-niche players with their niche in advancement in Industrial Automation
and Control Systems solutions for multiple industries like Aerospace &
Defense, Automotive, Chemical, Energy & Utilities, Food &Beverage,
Healthcare, and Manufacturing. The majority of the global Industrial Automation
and Control Systems solution companies, including Schneider Electric, Rockwell
Automation, Inc., Honeywell International Inc., Emerson Electric co., ABB,
Mitsubishi Electric Corporation, Siemens, Omron Corporation, Yokogawa Electric
Corporation, and General Electric Co. maintained their leading positions in the
forecast period.
The majority of the country’s
players offer end-to-end solutions to the customer and industries to refining,
manufacture cosmetics, pharmaceutical, and polishing. Country Niche players
seeking to grow and diversify quickly.
The Ongoing
Efforts Of Leading World Specialists To Provide Industrial Automation And
Control Systems To Multiple Industries Is Likely to Boost the Market.
Detailed comparative analysis of
key competitors available within the Research Study shows that specialists
like Rockwell Automation are strongly focused on providing important Industrial
Automation and Control Systems that can be used across multiple industries,
including Aerospace & Defense, Automotive, Chemical, Healthcare, and
Manufacturing, and many more. The market is very competitive, and in order to
boost its reach, leading companies are employing aggressive techniques like
joint ventures, technological partnerships, and mergers and acquisitions. Key
market players are also anticipated to concentrate on cost-cutting, which would
make it challenging for new entrants to enter the market. However, it is
anticipated that market penetration would be achieved through creative
entrepreneurs supported by venture capital funding. As both private and public
sector enterprises come to the inevitable understanding that automation is
essential to producing integrated and sustainable products and services needed
by tech-savvy firms, innovation, productivity, and value are presumed to grow.
Emerson in
October 2022 introduced DeltaVTM IO.CONNECT, a new subscription
software service made to assist plants with modernization by providing an open
architecture pathway that enables the transition to more efficient control
schemes without completely overhauling current infrastructure. This can cut the
labor need for a complete rip-and-replace update by hundreds or thousands of
hours and by up to 40% in a typical plant with tens of thousands of I/O points
and several controllers.
Government
Programs Expansion to Support the Growth of the Industrial Automation and
Control Systems Market Worldwide
- The People's Republic of China's 14th
Five-Year Plan for National Economic and Social Development and Long-Range
Objectives for 2035 was also approved by the National People's Congress
(NPC) in March 2021. China's goal to enhance its core manufacturing
capabilities, including high-end novel materials, smart manufacturing, and
energy vehicles, is highlighted by the design.
- The Indian government aims for the
manufacturing sector's share of the GDP to expand from 17% to 25% through
2022. Businesses will definitely need to adopt Industry 4.0 and other
digital technologies to achieve the goal.
For More
Information, refer to below link:-
Start-ups in
Industrial Control Systems Manufacturing
Related Report
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Ken
Research
Ankur
Gupta, Head Marketing & Communications
