In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Industrial Automation market for 2018-2023.
Industrial automation is the use of control systems, such as computers or robots, and information technologies for handling different processes and machineries in an industry to replace a human being.
Europe held the giant share in the overall market in 2017. followed by Asia Pacific. Analysts anticipate this trend to continue over the coming years.
Asia Pacific is also projected to offer several opportunities to the industrial automation market, especially in the measurement and instrumentation, and pulp and paper segments. Currently, the largest industrial automation market lies in Germany, a nation that is anticipated to maintain the leading position during the forecast period. The demand for industrial automations is forecast to rise rapidly in the Asia Pacific and the Europe regions.
Over the next five years, LPI(LP Information) projects that Industrial Automation will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Industrial Automation market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Computer Numerical Control (CNC) Routers
Machine Vision Systems
Plant Asset Management
Product Lifecycle Management (PLM)
Programmable Logic Control Systems (PLC)
Supervisory Control and Data Acquisition (SCADA)
Others
Segmentation by application:
Automotive and Transportation
Chemical
Energy and Power System
Food
Environment and Building Technologies
Oil and Gas
Others
We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East and Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
ABB
Adept
Bosch
Emerson Electric
FANUC
General Electric
Honeywell
Kuka
Mitsubishi Electric
Rockwell
Schneider Electric
Toshiba
Voith
Yaskawa Electric
Yokogawa Electric
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Industrial Automation market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Industrial Automation market by identifying its various subsegments.
Focuses on the key global Industrial Automation players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Industrial Automation with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Industrial Automation submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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