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:
2 Market Ranking Analysis for Machine Automation Controller Manufacturers
3 Competitive Leadership Mapping, 2018
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.4 Emerging Companies
4 Strength of Product Portfolio
5 Business Strategy Excellence
6 Competitive Situations and Trends
6.1 Product Launches
6.4 Agreements, Partnerships, and Joint Ventures
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