Factory Automation & Industrial Controls Market Present Scenario And The Growth Prospects With Forecast Upto 2030
Factory
Automation & Industrial Controls Market Overview:
Industrial Control and
Automation: Streamlining Manufacturing Processes
In today's fast-paced world,
industrial control and automation technologies are being used to streamline manufacturing
processes, boost productivity, and increase efficiency. These systems are used
in various industries such as automotive, pharmaceuticals, and food and
beverage, among others. This blog post will explore industrial control and
automation in more detail, including market trends, growth statistics, and
reports.
The Factory
Automation & Industrial Controls Market to register a CAGR of 9.30%
from 2022 to 2030.
Industrial Control and Automation
Market
The global industrial control and
automation market is projected to reach USD 269.5 billion by 2025, growing at a
CAGR of 7.4% during the forecast period (2020-2025). The growth of the market
can be attributed to the increasing demand for automation solutions in various
industries to improve operational efficiency, reduce costs, and enhance product
quality. The adoption of Industry 4.0 technologies, such as the Internet of
Things (IoT) and cloud computing, is also driving the growth of the market.
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Industrial Automation Statistics
According to a report by the
International Federation of Robotics (IFR), global sales of industrial robots
reached a new record of 384,000 units in 2018, a growth of 6% compared to the
previous year. The report also states that the adoption of robotics in
manufacturing is expected to grow significantly in the coming years, with the
Asia-Pacific region being the largest market for industrial robots.
Another report by Grand View
Research, Inc. predicts that the global industrial automation market size will
reach USD 326.14 billion by 2025, growing at a CAGR of 8.0% during the forecast
period. The report also highlights the increasing demand for automation
solutions in the automotive, oil and gas, and chemical industries, among
others.
Types of Industrial Control and
Automation Systems
There are various types of
industrial control and automation systems, including programmable logic
controllers (PLCs), distributed control systems (DCS), supervisory control and data
acquisition (SCADA) systems, and human-machine interface (HMI) systems. These
systems are used to monitor and control various processes in manufacturing
plants.
Advantages of Industrial Control
and Automation Systems
The adoption of industrial
control and automation systems offers several advantages, including:
- Increased Productivity: Automation systems can
perform tasks faster and more efficiently than human workers, resulting in
increased productivity.
- Improved Quality: Automation systems can perform
tasks with greater accuracy and consistency, resulting in improved product
quality.
- Reduced Costs: Automation systems can help reduce
labor costs, energy costs, and waste, resulting in cost savings for
manufacturing companies.
- Enhanced Safety: Automation systems can perform
tasks that are hazardous to human workers, resulting in improved safety in
the workplace.
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Reports on Industrial Control and
Automation
Several reports have been
published on industrial control and automation, including:
- Global Industrial Automation Market: This report
provides an in-depth analysis of the global industrial automation market,
including market trends, growth drivers, challenges, and opportunities.
- Programmable Logic Controller (PLC) Market: This
report provides an analysis of the global PLC market, including market
size, growth drivers, and key players.
- Distributed Control System (DCS) Market: This
report provides an analysis of the global DCS market, including market
size, growth drivers, and key players.
Conclusion
Industrial control and automation systems are becoming increasingly important in today's manufacturing industry. The adoption of these systems can help manufacturing companies improve productivity, reduce costs, and enhance product quality. The global market for industrial control and automation is growing at a significant rate, driven by the increasing demand for automation solutions in various industries. As the adoption of Industry 4.0 technologies continues to grow, we can expect to see even greater advancements in industrial control and automation in the coming years.
Appreciate the overview of factory automation and industrial controls. Valuable information for optimising production processes.
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