Empowering Efficiency: Machine Automation Controller Market Hits $41.5 Billion by 2024
The Machine Automation Controller Market is expected to grow at a healthy rate. Based on projections, the market is expected to develop steadily from its estimated value of USD 33.7 billion in 2019 to USD 41.5 billion by 2024, or a Compound Annual Growth Rate (CAGR) of 4.3%.
The research lists a number of causes that are contributing to this expansion, including the development of controller types such Industrial PCs, PLCs, and distributed control systems (DCS). Diverse industry sectors, including oil and gas, energy and power, food and beverage, chemicals, and automotive, also have an impact on the market's growth. Machine automation controller demand is anticipated to expand gradually throughout the projected period as industries increasingly embrace automation to improve operational efficiency and productivity. This demand will be supported by continued technical breakthroughs and industry-specific requirements.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108072008
A number of important factors are driving the machine automation controller market's growth. First of all, there is a rising focus on cutting total operating costs across businesses, which is encouraging the use of automation solutions to minimise inefficiencies and streamline processes. Furthermore, there is a greater need than ever in the process industry to improve efficiency, which drives up demand for automation controllers to streamline production procedures and guarantee reliable results. In addition, the usage of robots and other automated machinery in the industrial industry is growing in order to increase production lines' flexibility and efficiency. The need for machine automation controllers, which are essential for managing and coordinating these automated systems, is further boosted by this development.
DCS to lead the market by 2019
With the help of distributed control systems (DCS), which offer centralised management of plant operations, individual production floor components may be easily monitored, controlled, and reported on. Because of its centralised control, DCS is especially well-suited for businesses with large production sets as it enables the efficient management of complex operations. The distinct capacity of DCS to manage extremely complex automation procedures improves operational effectiveness and guarantees seamless coordination between diverse components of the production environment. Consequently, DCS becomes the perfect answer for sectors looking to streamline their production procedures while upholding strict productivity and quality requirements.
Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=108072008
Distributed control systems (DCS) provide a number of advantages for process sector organisations, such as decreased downtime and increased productivity by making the best use of available resources. DCS minimises interruptions and maximises output by centralising control and monitoring tasks. This allows for streamlined operations and quick response to possible problems. The industry is expected to experience more expansion due to the rising demand for goods in a number of industries, including chemicals, food, and drink. The usage of DCS solutions is anticipated to increase as businesses work to satisfy changing customer and market demands. This will enhance operational performance and support the process industry's long-term growth.
IP65 rated controller to hold the largest share of machine automation controller market
Controllers for machine automation that have an IP65 rating are made especially for usage in harsh industrial settings where automated systems are subjected to liquids, solid particles, and dust. These controllers are appropriate for difficult operating situations because of their IP65 classification, which guarantees that they provide strong protection against dust infiltration and low-pressure liquid jets coming from all directions. To survive in these conditions, automation controllers such as Industrial PCs (IPC) and Distributed Control Systems (DCS) are frequently IP65 rated. Although some parts, like flat panel monitors, do not have extra protection, these controllers' total IP65 grade guarantees dependability and longevity in demanding industrial environments, increasing productivity and reducing downtime.
The necessity of protecting exterior components from liquids, dust, and other environmental elements has highlighted the importance of the IP65 certification in industrial environments. As automation systems are subjected to more rigorous working environments, it is crucial to make sure that external components are resilient. As a result, the IP65 rating has become essential, providing complete defence against dust infiltration and liquid jets at low pressure coming from any angle. Industrial automation controllers can maintain dependability and durability by conforming to strict IP65 specifications. This allows them to perform flawlessly in difficult settings while protecting vital components from potential harm or malfunction.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/machine-automation-controller-market-108072008.html
APAC to be largest market for machine automation controller during forecast period
With the greatest market share, Asia-Pacific (APAC) is expected to continue to dominate the machine automation controller market from 2019 to 2024. The region's significant local demand for automated controllers, which is driving the creation of manufacturing facilities across a variety of industries, is the driving force behind this trend. APAC's growing automotive, chemical, food and beverage, semiconductor, and electronics industries have all increased demand for automation solutions. The opening of manufacturing facilities highlights Asia-Pacific's crucial position in the worldwide automation of industry, which is being driven by strong economic growth, increasing industrialization, and technical advancements. It is anticipated that APAC's dominance in the machine automation controller market will endure, spurring additional growth and innovation throughout the region as it continues to lead the way in innovation and industrial development.
Nevertheless, in order to effectively address these difficulties, organisations are being forced to embrace automation technology as a strategic reaction to the growing labour costs, dynamic evolution of production processes, and rising operational expenses. Because labour costs are rising and manufacturing processes are changing quickly, businesses are looking for creative ways to maximise output, lessen their reliance on manual labour, and improve operational effectiveness. Automation technologies present a compelling option that helps businesses stay competitive in today's changing business environment by optimising resource utilisation, reducing the need for human interaction, and streamlining operations. Adopting automation not only puts businesses in a better position to respond to changing market needs and sustain sustainable growth in a highly competitive landscape, but it also helps offset the effects of growing labour and operating expenses.
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).
News Covered:
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Comments
Post a Comment