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Allied Market Research

Automation and Process Control Systems Market by Type (Robotics, Industrial Automation, Electrical Systems & Components, Testing, and Inspection & Certification), Components (Hardware, Software, and Services), Enterprise Size (Large Enterprises and Small & Medium Enterprises), End User (Food & Beverage, Automotive, Petro chemical, Oil & Gas, Chemical, Water Packaging, Paper & Pulp, Pharmaceutical, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

A12197
Pages: NA
Sep 2021 | 76 Views
   
Author(s) : Vineet Kumar
Tables: NA
Charts: NA
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COVID-19

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Automation and process control system is used where material handling, production process and product designs are integrated together through creative ideas and efforts in order to achieve flexible & manageable system. The software involves use of machine and equipment for performing physical operations in production process which cannot be performed by a human being. The day-to-day technological advancements in manufacturing sector are facilitating the manufacturing process and other tasks to perform faster and in cost-effective ways. Automated process control systems can significantly improve plant circumstances for workers and reduce the cost of employee insurance by excluding risky tasks. Manufacturers have the competitive advantage over other rivals because of the quality automation process brings to their production methods.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Units

 Value ($)

 Segments Covered

 Type, Components, Enterprise Size, End User, and Region.

 Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

 Companies Covered

ABB Ltd., Danaher Corporation, Emerson Electric Company, Mitsubishi Electric Corporation, Honeywell International Inc., Omron Corporation, Rockwell Automation Inc., Schneider Electric SA, Siemens AG, Yokogawa Electric Corporation

 

COVID-19 Scenario Analysis

  • The outbreak of COVID-19 virus in December 2019, led to the spread of disease in majority of the countries around the globe with the World Health Organization declaring it a public health emergency. The pandemic impacted almost every sector and it is expected to significantly impact the global automation and process control systems market as well..
  • The imposed lockdown has significantly affected the growth of the automation and process control system market, the reason being the partial or complete shutdown of the production unit which led to slow growth. The industries are unable to utilize all the resources which indirectly affect the automation and process control system market to grow. However, the slowdown is predicted for a short period, as the market is observing strong recovery as governments have allowed relaxation in the restrictions imposed resulting in the growth of the market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The rise in the demand for IoT products and adoption of automated business systems in the industries in order to achieve targeted production in the manufacturing industry drives the market growth. In addition to this, adoption of automation system by the automobile and mining sectors propel the growth of automation and process control system markets. However, lack of skilled workforce, lack of operating procedures, and increased cyber-attacks on the system are the factors that hamper the growth of the automation and process control system market. Furthermore, implementation of anti-cyber attack software and cloud computing in the process of automation creates opportunities for the automation and process control systems market during the forecast period.   

Market Trends for Automation and Process Control Systems Market 

Increased demand for Automation

The demand for automation has increased quickly in various business functions to attain low cost and high-quality production of goods. In addition, industries are working upon to integrate their system for the automation purpose which is expected to help them provide constant results with increased productivity and improved product quality. Furthermore, quality control problems involved with human error is reduced, due to efficiency, reliability, and faster work rate of automated process control systems.

Increased Investments in the Field of Research & Development

To meet the required demands, industries are investing a lot on R&D to come up with an effective automated system, which is capable enough to meet the demands. The manufacturers are focusing to accomplish safe, time-efficient and fast production results that propel the need for industrial automation. 

Key Segments Covered

Segments

Subsegments

 Type

  • Robotics
  • Industrial Automation
  • Electrical Systems & Components
  • Testing
  • Inspection & Certification

 Component

  • Hardware
  • Software
  • Services

 Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

 End User

  • Food & Beverage
  • Automotive
  • Petro chemical
  • Oil & Gas
  • Chemical
  • Water Packaging
  • Paper & Pulp
  • Pharmaceutical
  • Others


Key Benefits of the Report

  • This study presents the analytical depiction of the automation and process control systems market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the growth scenario of the market.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market.

Questions Answered in the Automation and Process Control Systems Market Research Report

  • Which are the leading players active in automation and process control systems market?
  • What would be the detailed impact of COVID-19 on automation and process control systems market?
  • What are the current trends that would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automation and process control systems market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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