The rising adoption of smart grid technology is a key factor driving the global industrial automation market, says Fortune Business Insights in a report, titled “Industrial Automation Market Size, Share and 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 report on the industrial automation market offers an all-inclusive overview of the market. Through a combination of primary and secondary research methods, forecast values of the market are calculated for the period of 2019-2026.

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Top Players Mentioned In The Report -

ABB Ltd.
Emerson Electric Co.
General Electric Company
Honeywell International Inc.
Mitsubishi Electric Corporation
Omron Corporation
Rockwell Automation Inc.
Schneider Electric SE
Siemens AG
Yokogawa Electric Corporation
Rising Adoption Of Technologies Will Aid Growth



According to the report, the global industrial automation market on the basis of components is segmented into hardware and software. 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.

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The 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 the industrial automation market. 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

Major Table of Contents -

Introduction
Research Scope
Market Segmentation
Research Methodology and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Macro and Micro Economic Factors
Key Technological Trends and Developments
Porter’s Analysis
Value Chain Analysis
Global Industrial Automation Market Analysis, Insights and Forecast, 2015 - 2026
Key Findings / Summary
Market Sizing Estimations and Forecasts By Product (Revenue)
Sensors
Photoelectric
Laser
Inductive
Other
PLC
HMI
Servo
Motor
Drive
Laser Markers (CO2 Laser Markers, UV Laser Marker etc.)
Safety Light Curtains
Robots
Market Sizing Estimations and Forecasts By Industry (Revenue)
Discrete Industry
Automotive
Electronics
Heavy Manufacturing
Packaging
Others (Aerospace and Defense, High Tech and Others)
Process Industry
Oil and Gas
Chemicals
Pulp and Paper
Mining and Metals
HealthCare
Others (Pharmaceuticals, Petroleum, etc)
Market Sizing Estimations and Forecasts By Region (Revenue)
North America
Europe
Asia Pacific
Middle East and Africa
South America
TOC Continued…!

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