According to the report analysis, ‘Europe
Industrial Automation Equipment (iae) Market By Equipment Type, Industry
Vertical, And Country 2014-2025: Growth Opportunity And Business Strategy’
states that the Europe industrial automation equipment (IAE) market had a value
of USD 53.68 billion in 2018 and will grow at a moderate CAGR over 2019-2025
fostered by a continued acceptance of IAE in a magnitude of industries in the
region. However, from the Industrial internet of things (IIoT) to the IO-Link
communication, numerous trends in the industrial automation have attained the
adhesion in the recent past years and have become more than just industry
catchwords. The technology of IIoT is possibly the prevalent trend in the
recent time in factory automation, and IIoT technologies previously impact the
manner factories operate. This trend will endure in the near years as more
businesses build the conversion from digital to IIoT. Therefore, it is indispensable to appreciate
the terms being utilized, distinguish how the IIoT technologies are at present
being executed in smart factories, and formulate your business for the coming
years.
Moreover, the report of Europe industrial
automation equipment also suggests that
there are numerous key players which are presently functioning in this market
more actively for leading the fastest market growth and registering the highest
value of market share in the near future while developing the technologies in
the premises and improving the existing strategies of working includes ABB
Ltd., Azbil Corporation, Bharat Heavy Electrical Ltd, Danaher Corporation,
Emerson Electric Co., Fanuc Corp., General Electric Co., Hitachi, Ltd.,
Honeywell International Inc., Johnson Controls Inc, Metso Corporation,
Mitsubishi Electric Corp., Nextnine Ltd, NovaTech Process Solutions LLC, Omron
Corporation, Rockwell Automation Inc., Samsung Electronics, Schneider Electric
SE, Siemens AG, Toshiba Machine Co., Ltd., Yaskawa Electric Corp., Yokogawa
Electric Corporation and several others.
The acceptance of the IO-Link communication
endures to cultivate both in the US and across the globe. One of the
significant assistance of IO-Link is that it delivers the managers with
real-time sensor-level data that was once problematic, if not impossible, to
admittance. For many manufacturers, such devices propose the unexploited
impending for the superior conspicuousness into their operations and more
progressive, data-driven decision making.
With the IO-Link, device-level data can be
made reachable to the operators and plant managers, delivering the appreciated
insight into the machine performance, procedure inefficiencies, and many more.
The Real-time isolated watching of sensor status enables the operators to
address matters as they ascend, and often resolve anxieties before they
deteriorate to line cessation.
There are numerous compensations of an IO-Link
system comprising the standardized and reduced wiring, augmented the data
availability, remote configuration and monitoring, simple device substitution,
and advanced diagnostics.
However, based on the applications, the market
is segmented into Oil & Gas, Automotive & Transportation, Mining &
Metals, Machine Manufacturing, Energy and Power, Electrical & Electronics,
Aerospace & Defense, Chemical Industry, Pharmaceuticals, Food &
Beverages and several other Industries. Therefore, with the efficient
applications, the market of Europe industrial automation equipment will
increase more positively over the coming years.
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