Industrial,Automation,Market,F technology Industrial Automation Market Future Prospects, Revenue Growt

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According to the report, the global industrial automation market by Fortune Business Insights in a report, titled “Industrial Automation Market Size, Share & Industry Analysis, By Component (Hardware and Software), By Industry (Discrete Industry and Process Industry), and Regional Forecast, 2019-2026.”The global industrial automation market size was valued at USD 157.04 Billion in 2018 is expected to reach USD 296.70 Billion by 2026, exhibiting a CAGR of 8.4%.The software segment is expected to hold major shares in the market during the forecast period owing to the high adoption of software solutions including human-machine interface (HMI), supervisory control and data acquisition (SCADA), manufacturing operations management (MOM) software and others. In addition, the hardware segment is expected to witness considerable growth owing to the high demand for sensors. For instance, in industries, more than 20 different types of sensors are deployed due to their monitoring capabilities and remote sensing application.For more information in the analysis of this report, visit - https://www.fortunebusinessinsights.com/industry-reports/industrial-automation-market-101589The Key Companies Present In The Industrial Automation Market Include:ABB Ltd.Emerson Electric Co.General Electric CompanyHoneywell International Inc.Mitsubishi Electric CorporationOmron CorporationRockwell Automation Inc.Schneider Electric SESiemens AGYokogawa Electric CorporationRising Adoption Of Technologies Will Aid GrowthThe increasing adoption of technologies such as artificial intelligence (AI) based smart robots, IoT, industrial 4.0 and others will contribute to the industrial automation market trends during the forecast period. The demand for technologies owing to its low manufacturing cost and enhanced quality and reliability will clearly have a positive impact on the market. The rising acquisitions and mergers by key players will create new growth opportunities. For instance, Siemens AG acquired mendix, a low-code application developer company. This acquisition was completed to strengthen its digital enterprise business segment. Moreover, the collaboration between Rockwell Automation and Plug and Play will aid the industrial automation market growth during the forecast period. For instance, Rockwell Automation collaborated with Plug and Play, an innovation platform. This collaboration helps Rockwell Automation to find new opportunities to leverage disruptive industrial IoT technologies.Increasing Demand for Robots Will Favor GrowthThe increasing demand for AI-based industrial robots in various applications such as part transfer, pick and place, packaging, semiconductor manufacturing and others will stimulate growth of the market. For instance, robots are used for self-optimization of the production lines and customized product solutions in the discrete automation industry. Furthermore, the collaboration of Schneider Electric with Stäubli Robotics will accelerate growth of the industrial automation market. For instance, in April 2018, Schneider Electric, France based company, collaborated with Stäubli Robotics to integrate robotics solutions into EcoStruxure smart machines by combining products and software into complete automated solutions. In addition, the partnership of Siemens AG with Alibaba Cloud will encourage growth of the market. For instance, Siemens AG partnered with Alibaba Cloud to develop the Industrial Internet of Things (IIoT) solutions in China.To Request, a Sample Copy of the Global Industrial Automation Market Research Report -https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/industrial-automation-market-101589Scope of the Industrial Automation Market Research Report –By ComponentHardwareSensorsPhotoelectric SensorsLaser SensorsInductive SensorsOthers Sensors (Magnetic or Radio Sensors, Optical Sensors, and Others)Programmable Logic ControllersHuman-Machine InterfaceServoMotorDriveLaser MarkersSafety Light CurtainRobotsSoftwareBy IndustryDiscrete IndustryAutomotiveElectronicsHeavy ManufacturingPackagingOthers (Aerospace and Defense, High Tech and Others)Process IndustryOil & GasChemicalsPulp & PaperMining and MetalsHealthCareOthers (Pharmaceuticals, Petroleum, and Others)By GeographyNorth America (U.S. and Canada)Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)Asia Pacific (Japan, China, India, South East Asia and Rest of Asia Pacific)Middle East & Africa (South Africa, Egpyt, GCC and Rest of Middle East & Africa)Latin America (Brazil, Mexico, and Rest of Latin America)Have Any Query? Ask Our Experts Table of Content - 5.Global Industrial Automation Market Analysis, Insights and Forecast, 2015 - 20265.1.Key Findings / Summary5.2.Market Sizing Estimations and Forecasts – By Product (Revenue) 5.2.1.Sensors 5.2.1.1.Photoelectric5.2.1.2. Laser5.2.1.3.Inductive5.2.1.4.Other5.2.2.PLC5.2.3.HMI5.2.4.Servo 5.2.4.1.Motor5.2.4.2.Drive5.2.5.Laser Markers (CO2 Laser Markers, UV Laser Marker etc.)5.2.6.Safety Light Curtains5.2.7.Robots5.3.Market Sizing Estimations and Forecasts – By Industry (Revenue) 5.3.1.Discrete Industry 5.3.1.1.Automotive5.3.1.2.Electronics5.3.1.3.Heavy Manufacturing5.3.1.4.Packaging5.3.1.5.Others (Aerospace and Defense, High Tech and Others)5.3.2.Process Industry 5.3.2.1.Oil & Gas5.3.2.2.Chemicals5.3.2.3.Pulp & Paper5.3.2.4.Mining and Metals5.3.2.5.HealthCare5.3.2.6.Others (Pharmaceuticals, Petroleum, etc)5.4.Market Sizing Estimations and Forecasts – By Region (Revenue) 5.4.1.North America5.4.2.Europe5.4.3.Asia Pacific5.4.4.Middle East and Africa5.4.5.South America6.North America Industrial Automation Market Sizing Estimations and Forecasts , 2015-20266.1.Market Sizing Estimations and Forecasts – By Product (Revenue) 6.1.1.Sensors 6.1.1.1.Photoelectric6.1.1.2. Laser6.1.1.3.Inductive6.1.1.4.Other6.1.2.PLC6.1.3.HMI6.1.4.Servo 6.1.4.1.Motor6.1.4.2.Drive6.1.5.Laser Markers (CO2 Laser Markers, UV Laser Marker etc.)6.1.6.Safety Light Curtains6.1.7.Robots6.2.Market Sizing Estimations and Forecasts – By Industry (Revenue) 6.2.1.Discrete Industry 6.2.1.1.Automotive6.2.1.2.Electronics6.2.1.3.Heavy Manufacturing6.2.1.4.Packaging6.2.1.5.Others (Aerospace and Defense, High Tech and Others)6.2.2.Process Industry 6.2.2.1.Oil & Gas6.2.2.2.Chemicals6.2.2.3.Pulp & Paper6.2.2.4.Mining and Metals6.2.2.5.HealthCare6.2.2.6.Others (Pharmaceuticals, Petroleum, etc)6.3.Market Size Estimates and Forecasts – By Country (Revenue) 6.3.1.United States6.3.2.Canada7.Europe Industrial Automation Market Sizing Estimations and Forecasts , 2015-20267.1.Market Sizing Estimations and Forecasts – By Product (Revenue) 7.1.1.Sensors 7.1.1.1.Photoelectric7.1.1.2. Laser7.1.1.3.Inductive7.1.1.4.Other7.1.2.PLC7.1.3.HMI7.1.4.Servo 7.1.4.1.Motor7.1.4.2.Drive7.1.5.Laser Markers (CO2 Laser Markers, UV Laser Marker etc.)7.1.6.Safety Light Curtains7.1.7.Robots7.2.Market Sizing Estimations and Forecasts – By Industry (Revenue) 7.2.1.Discrete Industry 7.2.1.1.Automotive7.2.1.2.Electronics7.2.1.3.Heavy Manufacturing7.2.1.4.Packaging7.2.1.5.Others (Aerospace and Defense, High Tech and Others)7.2.2.Process Industry 7.2.2.1.Oil & Gas7.2.2.2.Chemicals7.2.2.3.Pulp & Paper7.2.2.4.Mining and Metals7.2.2.5.HealthCare7.2.2.6.Others (Pharmaceuticals, Petroleum, etc)7.3.Market Size Estimates and Forecasts – By Country (Revenue) 7.3.1.Spain7.3.2.Italy7.3.3.Germany7.3.4.France7.3.5.UK7.3.6.Rest of Europe8.Asia Pacific Industrial Automation Market Sizing Estimations and Forecasts , 2015-20268.1.Market Sizing Estimations and Forecasts – By Product (Revenue) 8.1.1.Sensors 8.1.1.1.Photoelectric8.1.1.2. Laser8.1.1.3.Inductive8.1.1.4.Other8.1.2.PLC8.1.3.HMI8.1.4.Servo 8.1.4.1.Motor8.1.4.2.Drive8.1.5.Laser Markers (CO2 Laser Markers, UV Laser Marker etc.)8.1.6.Safety Light Curtains8.1.7.Robots8.2.Market Sizing Estimations and Forecasts – By Industry (Revenue) 8.2.1.Discrete Industry 8.2.1.1.Automotive8.2.1.2.Electronics8.2.1.3.Heavy Manufacturing8.2.1.4.Packaging8.2.1.5.Others (Aerospace and Defense, High Tech and Others)8.2.2.Process Industry 8.2.2.1.Oil & Gas8.2.2.2.Chemicals8.2.2.3.Pulp & Paper8.2.2.4.Mining and Metals8.2.2.5.HealthCare8.2.2.6.Others (Pharmaceuticals, Petroleum, etc)8.3.Market Size Estimates and Forecasts – By Country (Revenue) 8.3.1.China8.3.2.Japan8.3.3.India8.3.4.Rest of APACTOC Continued…!View Related Reports:Virtual Reality in Healthcare Market to Reach USD 30.40 Billion by 2026; Growing Use Of VR In Smart Wearables Will Foster Growth, says Fortune Business InsightsVirtual Reality in Manufacturing Industry to Rise at a Staggering 39.2% CAGR; Increasing Number of Product Launches to Provide Impetus to Growth, says Fortune Business Insights Blockchain in Energy Utilities Sector to Rise at 37.6% CAGR till 2026 Driven by Increasing Efforts to Promote Green Energy, says Fortune Business InsightsAbout us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. 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