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Market Research Future

Market Research Future. Industrial Automation Market Research Report- Forecast 2023.

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Market Research Future

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  1. Market Research Future Industrial Automation Market Research Report- Forecast 2023 Market Research Future (MRFR) estimates the global industrial automation market to be a USD 216.5 Billion market in 2023, with a CAGR of 9.35% over the forecast period of 2018-2023. The global industrial automation market was valued at USD 128.63 Billion in 2017. The current industrial revolution has garnered tremendous demand for automation in various industry verticals which sustains the growth of the global industrial automation market. Incessant need for improving efficiency, flexibility, quality, and productivity of manufacturing industries is driving the growth of the global industrial automation market. Manufacturers across the globe are investing heavily in automation which has given an impetus to the growth of the global industrial automation market. Moreover, the disruption caused by Industry 4.0 and the emergence of the Industrial Internet of Things has encouraged the adoption of advanced automation such as 3D printing and industrial robots across diverse industries. In addition, automation is desirable in the manufacturing sector to meet safety compliance. https://www.marketresearchfuture.com/reports/industrial-automation-market-2212 +1 (339) 368 6938 (US) +44 208 133 9349 (UK)

  2. Market Research Future Regional Analysis The global industrial automation market spans across the regions of North America, Asia Pacific, Europe, and the Rest of the World (Row). Europe is the largest market and accounted for USD 49.21 Billion in 2017. The industrial outlook of Europe looks promising and is showcasing an upswing post 2017. The growth of the industrial automation market is driven by strong private investment which is impacting the market positively. Being the automotive hub of the world, Europe holds ample scope for market expansion. Europe has been the frontrunner in the adoption of industrial automation which coupled with supportive financing conditions have created a healthy climate for corporate investments. Furthermore, government initiatives to improve production activities has aided the expansion of the Europe market for industrial automation. The growth of end-user industries such as food & beverage, oil & gas, and aerospace & defense also provide an impetus to the growth of the Europe industrial automation market. The UK, Germany, France, and Italy are the key contributors to the Europe industrial automation market. Access Full Report @ https://www.marketresearchfuture.com/reports/industrial-automation-market-2212 +1 (339) 368 6938 (US) +44 208 133 9349 (UK)

  3. Market Research Future Market Segments: The global industrial automation market has been segmented based on type, technology, and end user. By type, the market has been segmented into fixed automation and programmable automation. The fixed automation segment was the largest segment in 2017 and generated a revenue of USD 94.35 Billion, while the programmable automation segment is expected to emerge as the fastest growing segment over the forecast period. By technology, the market has been segmented into supervisory control & data acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Human Machine Interface (HMI), Programmable Automation Controller (PAC), and others. The Programmable Logic Controller (PLC) segment dominated the market in 2017, however, the Distributed Control System (DCS) segment is expected to be the fastest growing segment over the forecast period. By end user, the market has been segmented into Machine manufacturing, Oil & Gas, Aerospace & Defense, Electrical & Electronics, Automotive & Transportation, Mining & Metals, Food & Beverage, Pharmaceuticals, and others. The automotive & transportation segment was the largest segment in 2017 and accounted for 23.78 Billion in 2017 while the food & beverage segment is expected to grow at the fastest rate of 12.34% over the forecast period. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2212 +1 (339) 368 6938 (US) +44 208 133 9349 (UK)

  4. Market Research Future Major Players in this Research: The key players profiled in MRFR’s report include Siemens AG, ABB Ltd., Emerson Electric Co., General Electric Company, Schneider Electric SE, Honeywell International Inc., Mitsubishi Electric Corporation, Yokogawa Electric, Rockwell Automation, Inc., Ametek, Inc., and Fanuc Corporation Know More about this Report @ https://www.marketresearchfuture.com/press-release/industrial-automation-market +1 (339) 368 6938 (US) +44 208 133 9349 (UK)

  5. Market Research Future About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Know more http://www.marketresearchfuture.com/about-us +1 (339) 368 6938 (US) +44 208 133 9349 (UK)

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