According to the new market research report "Machine Automation Controller Market by Controller Type (DCS, PLC, Industrial PC), Form Factor (IP65, IP20), Industry (Oil & Gas, Energy & Power, Food & Beverages, Chemicals, Automotive), and Geography - Global Forecast to 2024", 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 2019–2024. 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.
"APAC to account for the largest share of machine automation controller market during the forecast period”
APAC is expected to account for the largest share of the machine automation controller market by 2019. Significant domestic demand for automated controllers has led to the establishment of manufacturing units in various industries, such as automotive, chemicals, food & beverages, and semiconductor & electronics, in APAC. However, growing labor rate, rapidly evolving manufacturing processes, and increasing operational cost have made companies operating in the region embrace automation technologies to tackle the challenges efficiently.
Key Market Players
As of 2018, Emerson (US), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Yokogawa (Japan), Advantech (Taiwan), Omron (Japan), Delta Electronics (Taiwan), Mitsubishi Electric (Japan), Rockwell Automation (US), Kollmorgen (US), Robert Bosch (Germany), Honeywell (US), Beckhoff Automation (Germany), and Kontron (Germany) were the major players in the machine automation controller market.
ABB (Switzerland) is among the leading manufacturers of machine automation controller worldwide. The company’s advanced automation solutions offer highly efficient and flexible performance which are installed in diverse industries such as water & wastewater management, oil & gas, and energy & power. ABB focuses on R&D as well as strengthens its entire product portfolio. For instance, the company invested USD 1.37 billion in R&D, which accounts for 4% of its overall revenues in FY17.
Recent Developments
- In November 2018, Emerson opened a new facility and first industrial solutions’ center in Jukjeon, South Korea. The USD 25 million facility will be used to serve Emerson’s automation solutions customers in the region. The new facility features an advanced system staging, training, and servicing capabilities.
- In August 2018, Siemens signed a contract with Bio-on (Italy), a leading player in high-quality bioplastic sector. Siemens deployed its automation and plant control and management system at Bio-on’s bio-plastic production plant in Bologna, Italy.
- In April 2018, B&R Automation, a subsidiary of ABB launched Automation PC 2200. The new PC is the company’s latest offering in its successful 2000 series of compact industrial PCs. The maintenance-free PC is available with dual or quad-core processors and can run on both Windows 10 IoT Enterprise and Linux operating system.
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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