The factory automation and industrial controls market size is anticipated to expand at a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising use of control systems, such as computers or robots, and information technologies for handling different processes and machineries in the industry.
The categorization of software & hardware, and a mechanism that combines the hardware & software is known as industrial automation system. Automation control systems can increase flexibility and scalability. Industrial control systems improve working conditions and reduction of data analytics costs. Industrial automation plays a vital role in solving the requirements of companies.
During the COVID-19 pandemic, the strict lockdown in Europe affected the supply chain to major area and had a major impact on raw materials procurement. This, in turn, negatively impacted the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for smart manufacturing infrastructure is anticipated to drive the market growth during the forecast period.
- Rising government initiatives for industrial automation is projected to boost the market growth in the coming years.
- High cost of automated systems with effective and robust hardware and efficient software can spur the market growth.
- High cost of initial capital investments and re-investments for maintenance is expected to restrict the market growth.
- Ongoing advancement in the development pf cost-effective sensors can create lucrative opportunities during the forecast period.
Scope of the Report
The report on the factory automation and industrial controls market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
|
Details
|
Report Title
|
Factory Automation and Industrial Controls Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
Base Year
|
2020
|
Historic Data
|
2018–2019
|
Forecast Period
|
2021–2028
|
Segmentation
|
Products (Industrial Control Systems [Distributed Control System (DCS), Programmable Logic Controller (PLC), Supervisory Control and Data Acquisition (SCADA), Product Lifecycle Management (PLM), Human Machine Interface (HMI), Manufacturing Execution System (MES), Enterprise Resource Planning (ERP), and Others], and Filed Devices [ Machine Vision Systems, Robotics { Industrial}, Sensors and Transmitters, Motors and Drives , and Others], End-user Industry (Automotive, Chemicals and Petrochemicals, Utilities, Pharmaceutical, Food and Beverage, Oil & Gas, and Others)
|
Geography
|
Russia, Germany, The UK, and France
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
Key Players Covered in the Report
|
Honeywell International Inc.; ABB Limited; Schneider Electric SE; Siemens AG; Rockwell Automation Inc.
|
Factory Automation and Industrial Control Market Segment Insights
Filed devices segment to hold a significant market share
Based on products, the factory automation and industrial controls market is divided into industrial control systems and filed devices. The industrial control systems segment is segmented into distributed control system[DCS], programmable logic controller [PLC], supervisory control and data acquisition [SCADA], product lifecycle management [PLM], human machine interface[HMI], manufacturing execution system[MES], enterprise resource planning [ERP], and others. The filed devices segment is further segregated intomachine vision systems, robotics (industrial), sensors and transmitters, motors and drives, and others.
The industrial control system segment is anticipated to hold a key share of the market in the coming years due to improvement in accuracy and reduces costs, and safer to use robots on production lines with dangerous working conditions for humans. On the other hand, the filed devices segment is anticipated to expand at a rapid pace during the forecast period owing to improvement in process control.
Chemicals and petrochemicals segment is anticipated to hold a large market share
On the basis of end-users, the factory automation and industrial controls market is segmented into automotive, chemicals and petrochemicals, utilities, pharmaceutical, food and beverage, oil & gas, and others. The automotive segment is projected to constitute a major market share during the forecast period due to more efficient use of materials, better product quality, and shorter workweeks for labor. However, the chemicals and petrochemicals segment is expected to grow at a robust rate due to reduced waste with better supply and demand management.
Germany is estimated to account a major market share
In terms of geography, the market is classified as Russia, Germany, The UK, and France. Russia is expected to constitute a key share of the market during the projected period due to high production rates and increased productivity. However, the market in Germany is anticipated to expand at a rapid pace during the forecast period due to better product quality, improved safety and reduced factory lead times.
Segments
Segments Covered in the Report
The Europe factory automation and industrial controls market has been segmented on the basis
Product Types
- Industrial Control Systems
-
- Distributed Control System (DCS)
- Programmable Logic Controller (PLC)
- Supervisory Control and Data Acquisition (SCADA)
- Product Lifecycle Management (PLM)
- Human Machine Interface (HMI)
- Manufacturing Execution System (MES)
- Enterprise Resource Planning (ERP)
- Others
- Filed Devices
-
- Machine Vision Systems
- Robotics
- Sensors and Transmitters
- Motors and Drives
- Others
End-users
- Automotive
- Chemicals and Petrochemicals
- Utilities
- Pharmaceutical
- Food and Beverage
- Oil & Gas
- Others
Geography
- Russia
- Germany
- United Kingdom
- France
Key Players
- Honeywell International Inc.
- ABB Limited
- Schneider Electric SE
- Siemens AG
- Rockwell Automation Inc.
Competitive Landscape
Key players competing in the factory automation and industrial controls market includesHoneywell International Inc., ABB Limited, Schneider Electric SE, Siemens AG, Rockwell Automation Inc.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
In March 2020, the organization called Right Hand Robotics is a prominent supplier and also provides autonomous robotic picking solution.