Examining the Role of Industrial IoT in the Machine Automation Controller Market

1
MarketsandMarkets Presents
The Machine Automation Controller Market is
estimated to be worth USD 33.7 billion in 2019
and is expected to reach USD 41.5 billion by
2024, at a CAGR of 4.3 during 20192024. The
major factors fueling the growth of the Machine
Automation Controller Market include rising focus
on reducing overall operational cost, increasing
need to drive productivity in process industry,
and growing use of robots in manufacturing sector.
2
MarketsandMarkets Presents
DCS to lead the market by 2019 DCS offers
centralized control of plant operation allowing
flexible monitoring, control, and reporting of
individual components operating on the production
floor. Moreover, the unique ability of DCS to
manage highly complex processes of automation
makes it an ideal solution for companies with
large production setup. The installation of DCS
in the process industry enables companies to
reduce downtime and improve production using
optimal resources. The growing demand for
products such as foods, beverages, and chemicals
is expected to augment the growth of the segment
over the forecast period. Get PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id108072008
3
MarketsandMarkets Presents
IP65 rated controller to hold the largest share
of Machine Automation Controller Market Machine
automation controllers with IP65 rating are
utilized in a more demanding industrial
environment where the automated system is in
constant contact with dust, liquid, and solid
objects. IP65 rated automation controller offers
protection against dust and low-pressure jets of
liquid from all directions. Automation
controllers, such as DCS and industrial PC (IPC),
have IP65 rating because a few components, such
as flat panel monitors which do not have
additional protection. The need to protect these
external components has resulted in making IP65
rating a necessity.
4
MarketsandMarkets Presents
APAC to be largest market for Machine Automation
Controller during forecast period APAC is
expected to account for the largest share of the
Machine Automation Controller Market in 2019 and
the trend is anticipated to continue till 2024.
The huge domestic demand for automated
controllers has led to the establishment of
manufacturing units of various industries, such
as automotive, chemicals, food beverages, and
semiconductor electronics. However, growing
labor costs, rapidly evolving manufacturing
processes, and increasing operational costs have
resulted in companies operating adopting
automation technologies to address the challenges
effectively.
5
MarketsandMarkets Presents
Key Players Major players involved in the Machine
Automation Controller Market include ABB
(Switzerland), Emerson (US), Siemens (Germany),
Schneider Electric (France), Yokogawa (Japan),
Advantech (Taiwan), Delta Electronics (Taiwan),
Honeywell (US), Mitsubishi Electric (Japan),
Omron (Japan), Rockwell Automation (US), Robert
Bosch (Germany), Beckhoff Automation (Germany),
Kollmorgen (US), and Kontron (Germany). Browse
For More Details - https//www.marketsandmarkets.c
om/Market-Reports/machine-automation-controller-ma
rket-108072008.html
6
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets is a
blue ocean alternative in growth consulting and
program management, leveraging a man-machine
offering to drive supernormal growth for
progressive organizations in the B2B space. We
have the widest lens on emerging technologies,
making us proficient in co-creating supernormal
growth for clients. The B2B economy is
witnessing the emergence of 25 trillion of new
revenue streams that are substituting existing
revenue streams in this decade alone. We work
with clients on growth programs, helping them
monetize this 25 trillion opportunity through
our service lines - TAM Expansion, Go-to-Market
(GTM) Strategy to Execution, Market Share Gain,
Account Enablement, and Thought Leadership
Marketing.
7
MarketsandMarkets Presents
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.com Visit Our Website
https//www.marketsandmarkets.com Content
Source https//www.marketsandmarkets.com/PressRel
eases/machine-automation-controller.asp