Industrial Control and Factory Automation Market by Technology (SCADA, PAC & RTU, DCS, Safety, MES & MOM, PLM), Component (Industrial Robots, Machine Vision, Control Valves, Enclosures, Cables), Industry (Process, and Discrete) - Global Forecast to 2022
Report Summary : “The industrial control and factory automation market growth directly linked with penetration of industrial internet technologies and M2M communications” The industrial control and factory automation market was valued at USD 108.80 billion in 2015 and is projected to reach USD 153.30 billion by 2022, at a CAGR of 4.88% between 2016 and 2022. The advancements in industrial internet and machine to machine communication technologies, increased focus on efficiency and cost of production by manufacturers, government’s inclination towards adoption of new technologies in manufacturing sector, and increased connected supply chain are driving the market. This report aims to estimate the market size and future growth potential of the industrial control and factory automation market across different segments, such as technology, component, industry, and geography. It also analyzes sub segments with respect to individual growth trends, future prospects, and ...