Industrial automation is defined as the use of automatic control devices and technology that results in the electronic control and operation of industrial processes without human interference and achieving superior performance than manual control used in various industries by using robotics and computer software.Industrial Automation is the replacement of humans with computers and machines. These automation devices include PCs, PLCs, PACs, and technologies include various industrial communication systems.
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Market Dynamics
The principal characteristics of Industrial Automation such as increased productivity, less wastage, increased level of safety, optimum cost of operation, reduction of human errors, enhanced product quality, and reduction of routine checks are boosting the market.Moreover, sustainability, energy efficiency and smart technologies like IOT, machine learning are expected to drive the market growth.Industries implement automation to increase productivity and their benefits and other associated expenses while improving precision and flexibility. Growing industrial base and the rising number of companies are the primary reason for the growth of the market.A few drawbacks of industrial automation are its installation and maintenance is very expensive, and opposition to industrialization by union people due to loss of employment is hindering the growth of the market.
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Segment Analysis
Based on technology, the global industrial automation market has been segmented into supervisory control and data acquisition, human-machine interface, distributed control system, and others. Distributed control system occupied the dominant market share.The distributed control system handles the entire control system of a single automation system and the benefit of reducing the downtime and improving production by using optimal resources.Additionally, the distributed control system is used in the application of oil & gas industry benefits in increasing the exploration activities in oil fields. In addition to this, it also benefits the manufacturing plants by simplifying complex operations, ensuring decision integrity, and improving productivity.
Competitive Landscape
Prominent players in global Industrial Automation market are ABB Ltd, Bosch, Honeywell Solutions, FANUC Corporation, Emerson Electric, Voith GmbH, Schneider Electric, Mitsubishi Electric, Rockwell Automation Inc., Toshiba Machine Corporation Ltd, Yaskawa Electric, Yokogawa Electric Corporation, General Electric, and others.
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