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.
“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.
“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.
“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.
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).
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