Global Market Research Reports : Ken Research: Industrial Automation Equipment (iae) Market in Global

Thursday, July 11, 2019

Landscape of the Europe Industrial Automation Equipment Market Outlook: Ken Research

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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Europe Industrial Automation Equipment (iae) Market

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Wednesday, July 10, 2019

Landscape of the Global Industrial Automation Equipment Market Outlook: Ken Research

According to the report analysis, ‘Global Industrial Automation Equipment (iae) Market By Equipment Type, Industry Vertical, And Region 2014-2025: Growth Opportunity And Business Strategy’ states that the cumulative revenue of global industrial automation equipment (IAE) market will reach USD 1,717.8 billion during the period of 2019-2025, resulting from a unremitting growth of 4.55% per annum over the forecast years. Whereas, in the recent past decades, the automation technology in the industrial functioning has massively developed, thereby converting the nature of industrial and manufacturing operations. In the recent trend, the industries are no longer wholly dependent on the human workforce for the simple or complex functioning. With the wide digitalization and internet of things (IoT), industrial automation has become a competitive benefit in the recent’s industrial insights.

However, the manufacturers of the automation systems are developing the applications of technology for increasing the demand and generating the high value of revenue. For instance, the report also suggest that in the global industrial equipment market there are different several players with the different and profitable strategies for being in the market as a strong competitor and leading the fastest market growth with the handsome amount of share while developing the weakness into the strength and employing the young workforce with the innovative ideas 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.

Additionally, the machine learning and artificial intelligence are speedily going conventional. The technology has already infiltrated the consumer relationship management sectors, and is a cornerstone of the internet of things (IoT), industry 4.0 and Big Data. The consistent transformations in the customer behavior in terms of quality of product and customization generate the foremost difficulties for the manufacturers that are trying to transform the production system. This is where the technology of machine learning advantageous said by the producers. Furthermore, the digitalization of plants and machinery safeguards the efficient commissioning, optimized machine design, smooth operations and short changeover time. The procedure decreases the requirement on the overpriced prototypes while speeding up the time to market.

Not only has this, in the present era, the virtual reality and augmented reality are being effectively utilized in the numerous contexts from the customer submissions to the manufacturing. However, it is in the latter that augmented reality propose the immense value in the myriad forms, in the mixture with the several other technologies. Certainly, the virtual and augmented reality technologies are transforming the complex production procedures and the product improvements.

In the situation of the industrial and manufacturing automation, the virtual reality can support efficiently the manufacturer to simulate a product or atmosphere digitally. Thus, enabling them to interrelate and submerge themselves within in. The augmented reality enables the industrial operators to project the digital products or the information onto a real-world atmosphere. This is more industrious than projecting on a digitally simulated surrounding like in virtual reality.

Therefore, in the future, it is anticipated that the market of industrial automation equipment will increase across the globe more positively over the coming years.