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Machine Automation Controller Market share, size 2019 global growth, new updates, trends, opportunities, industry expansion, challenges and forecasts till 2024

A fresh report titled on “Machine Automation Controller Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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The Machine Automation Controller Market is estimated to grow from US$ 33.7 Billion by 2019 to US$ 41.5 Billion by 2024, at a CAGR of 4.3% during 2019–2024. This report spread across 171 pages, profiling 15 companies and supported with 66 tables and 69 figures is now available in this research.

Topmost Outstanding Market Players:

  • Yokogawa (Japan)
  • ABB (Switzerland)
  • Siemens (Germany)
  • Schneider Electric (France)
  • Emerson (US)
  • Advantech (Taiwan)
  • Honeywell (US)
  • Delta Electronics (Taiwan)
  • Mitsubishi Electric (Japan)
  • Rockwell Automation (US)
  • Omron (Japan)
  • Robert Bosch (Germany)
  • Beckhoff Automation (Germany)
  • Kontron (Germany)
  • Kollmorgen (US)

 

“DCS to witness high growth potential during the forecast period”

The market for DCS is expected to grow at a higher CAGR from 2019 to 2024.Reduced downtime and improved production using optimal resources have resulted in driving the demand for DCS. DCS helps plant operators in improving the effectiveness in operations, optimizing maintenance routines at the plant, and ensuring safety & reliability.

 

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“Energy & power to witness the highest growth rate during the forecast period”

The machine automation controller market for the energy & power industry is expected to grow at the highest CAGR from 2019 to 2024. Increasing energy requirement with the growing population has resulted in the modernization of grids where old grid equipment is being replaced with advanced setups that consist of smart grids, automated substation, and smart meters, among others. The increasing adoption of smart & automated technologies in power distribution is opening new market growth avenues for machine automation controllers.

 

“APAC to be the largest market form a chine automation controllers during the forecast period”

APAC is expected to lead the machine automation controller market, in terms of size, between 2019 and 2024.Factors such as the establishment of manufacturing units of various industries including automotive, chemicals, food & beverages, and semiconductor & electronics; the increasing need to upgrade legacy automation systems; and rising labor rates are driving the growth of the machine automation controller market in the region.

 

Competitive Landscape of Machine Automation Controller Market:

1 Overview

2 Market Ranking Analysis for Machine Automation Controller Manufacturers

3 Competitive Leadership Mapping, 2018

3.1 Visionary Leaders

3.2 Dynamic Differentiators

3.3 Innovators

3.4 Emerging Companies

4 Strength of Product Portfolio

5 Business Strategy Excellence

6 Competitive Situations and Trends

6.1 Product Launches

6.2 Contracts

6.3 Acquisitions

6.4 Agreements, Partnerships, and Joint Ventures

6.5 Expansions

 

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Field Device Management Market Analysis | By Company Profiles | Size | Share | Growth | Trends and Forecast To 2024

A fresh report titled on “Field Device Management Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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The Field Device Management Market is projected to grow from US$ 1.3 Billion in 2019 to US$ 1.8 Billion by 2024; it is expected to record a CAGR of 6.7%. This report spread across 157 pages, profiling 10 companies and supported with 67 tables and 57 figures is now available in this research.

Top Companies profiled in the Field Device Management Market:

  • Honeywell(US)
  • ABB (Switzerland)
  • Schneider Electric (France)
  • Siemens (Germany)
  • Emerson (US)
  • Rockwell Automation (US)
  • Yokogawa (Japan)
  • OMRON (Japan)
  • Mitsubishi Electric (Japan)
  • Fanuc (Japan)
  • Metso (Finland)
  • Valmet (Finland)
  • Hamilton Company (US)
  • Phoenix Contact (Germany)
  • Endress+Hauser (Switzerland)
  • Festo (Germany)
  • Omega Engineering (UK)
  • Hach (US)
  • Azbil Corporation (Japan)
  • Weidmüller (Germany)

 

“software segment to witness highest CAGR during forecast period”

Software offerings are expected to dominate the market due to the rising adoption of advanced technologies such as industrial automation, Industry 4.0, and IIoT.  FDM tools offer preventive maintenance management of devices. It helps for classifying and managing device maintenance information such as inspection schedules, inspection memos, and configuration information of devices. Moreover, operation information about field devices can be easily obtained remotely anywhere, which can be used for maintenance tasks

 

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“Based on industries, discrete industry is likely to fastest-growing industry during 2019–2024”

Discrete industries mainly include automotive, manufacturing, and aerospace & defence industries. The significance of information availability from field devices is continuously growing for meeting the demands of competitive and flexible production systems in discrete manufacturing. Discrete industries, particularly automotive and manufacturing, are expected to adopt field device management solutions at a faster rate.

 

Breakdown of primary participants’ profile:

  • By Company Type: Tier 1-54%, Tier 2-28%, and Tier 3-18%
  • By Designation: C-Level Executives-62%, Directors-25%, and Managers-13%
  • By Region: North America-28%, Europe-24%, APAC-38%,and RoW -10%

 

Competitive Landscape of Field Device Management Market:

1 Overview

2 Ranking Analysis of Key Players

2.1 Product Launches and Developments

2.2 Agreements, Partnerships, and Contracts

2.3 Mergers & Acquisitions

2.4 Expansions

3 Competitive Leadership Mapping

3.1 Visionary Leaders

3.2 Dynamic Differentiators

3.3 Innovators

3.4 Emerging Players

 

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Categories
Business News

Latest News: IoT in Chemical Industry Market by Technology Type (Enabling Technology and Operational Technology)-

Latest research report on “IoT in Chemical Industry Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis.

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The IoT in Chemical Industry Market is estimated to grow from US$ 48.9 Billion in 2019 to US$ 77.9 Billion by 2024, at a CAGR of 9.7%. This report spread across 216 Pages, Profiling 22 Companies and Supported with 69 Tables and 61 figures is now available in this research.

The enabling technology segment is projected to register the highest growth, in terms of value, during the forecast period. The growing concern toward the reduction of risk associated with chemical and metal industries, rising environmental concerns due to chemical release from the plants, and the rising emphasis on circular economy are driving the demand for digital transformation, which is leading to the growth in the IoT in Chemical Industry market.

The chemical verticals segment is estimated to register the highest growth rate, in terms of value, between 2019 and 2024. This is owing to the increase in chemical production across various regions and rise in demand for specialty chemicals in advanced engineering processes.

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The APAC IoT in Chemical Industry market is estimated to witness significant growth during the forecast period. The growing chemical production in China and increasing urbanization and industrialization are driving the IoT in Chemical Industry market in the region.

 

Top Companies profiled in the IoT in Chemical Industry:

  • Siemens AG (Germany)
  • General Electric Co (US)
  • ABB Ltd (Switzerland)
  • Rockwell Automation Inc. (US)
  • Emerson Electric Co (US)
  • Yokogawa Electric Corporation (Japan)
  • Honeywell International Inc. (US)
  • Mitsubishi Electric Corporation (Japan)
  • Schneider Electric SE (Germany)
Categories
Business News

Latest News: Instrumentation Valves and Fittings Market Expected to Grow at 3.9 Billion In Revenue by 2025

Latest research report on “Instrumentation Valves and Fittings Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis.

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The Global Instrumentation Valves and Fittings Market size is expected to grow from US$ 3.2 Billion in 2019 to US$ 3.9 Billion by 2025, at a CAGR of 3.0%. This report spread across 120 Pages, Profiling 14 Companies and Supported with 66 Tables and 71 figures is now available in this research.

#Key Players- Swagelok (US), Parker Hannifin (US), HY-LOK Corporation (South Korea), Fujikin (Japan), Bray International (US), Circor International (US), Hex Valves (US), AS-Schneider (Germany), Ham-Let (Israel), Oliver Valves (England), and Safelok (England).

The instrumentation valves and fittings industry is expected to witness limited product development and innovation in the coming years. Productivity improvement, cost control, and solid inventory planning will be the major focus areas of the manufacturers to improve profit margins in the coming years.

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Valves play a crucial role in the growth of the instrumentation valves and fittings market. Ball valves are used extensively owing to their low pressure drop and the ability to open and close quickly. These valves are used in various transmission, storage, and gas processing applications across industries.

“Oil & gas to dominate instrumentation valves and fittings market (in terms of share) during forecast period”

Instrumentation valves and fittings are used in the oil & gas industry in offshore rigs, refinery plants, and gas handling systems. Valves and fittings used in the oil & gas industry should be able to withstand harsh environmental conditions. As a result, maintenance, repair, and operations (MRO) activities are crucial for valves used in the oil & gas industry. Oil & gas is a cyclical industry; hence, players of this industry procure instrumentation valves and fittings to minimize dependency on suppliers.

 

Breakdown of primary participants’ profile:

  • By Company Type: Tier 1 = 30%, Tier 2 = 25%, and Tier 3 = 45%
  • By Designation: C-Level Executives = 35%, Directors = 45%, and Others = 20%
  • By Region: North America = 45%, Europe = 15%, APAC = 35%, and RoW = 5%

 

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