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Global Plant Automation Solutions Market to grow at a CAGR of 6.47% during the period 2016-2020.

Press Release   •   May 09, 2016 08:43 EDT

Description

About Plant Automation Solutions

Plant automation encompasses various technologies starting from acquisition of raw materials to distribution of final products, and represents a revolution in the manufacturing industry. An automation control solution enables organizations in the process and discrete industries to increase the overall efficiency and functioning. It enables collection of data from field devices, which gives a competitive edge to end-users; allows uninterrupted system operations; provides accurate and real-time information to companies; improves efficiency metrics; and reduces total expenditure.

Technavios analysts forecast the Global Plant Automation Solutions Market to grow at a CAGR of 6.47% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global plant automation solutions market for 2016-2020.

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The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Plant Automation Solutions Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

ABB Electric

Emerson Electric

Honeywell International

Rockwell Automation

Schneider Electric

Siemens

Other prominent vendors

Control Systems International

Dassault Systmes

General Electric

Hitachi Group

Idec

Keyence

Koyo Electronics

Metso

Mitsubishi Electric

Mitsubishi Heavy Industries

Omron

Panasonic

Toshiba International

Yokogawa Electric

Market driver

Sharper industrial regulations

For a full, detailed list, view our report

Market challenge

Apprehensions among end-users about automation solutions

For a full, detailed list, view our report

Market trend

Growing focus on industrial Internet of Things (IoT)

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?