The global machine automation controller market will be driven by the increasing application of machine in manufacturing sector during the forecast period 2022-2027
Expert Market Research’s new report titled ‘Global Machine Automation Controllers Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global Machine Automation Controllers market, assessing the market by based on its segments such as controller types, form factors, industries and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
• Historical market size (2020): $36.18 billion
• Forecast CAGR (2022-2027): 4.51%
The growing application of machine automation controller in manufacturing to increase automation efficiency, increase productivity and improve flexibility, aiming to improve enterprise profitability, is driving the growth of the market. During the forecast period, the predicted rise in demand for power and power industry machine automation controllers, for efficient power distribution in various usage sectors final, is expected to be a major factor driving the growth of the market. In terms of region, Asia-Pacific accounts for a significant share of the market owing to the growing demand for the product from the food and beverage industry to facilitate integrated operations, improve performance and enhance product consistency.
Industry definition and major segments
Machine automation controller is defined as a device that facilitates synchronous control in a system by integrating various machines or devices. The machine automation controller uses an analog or digital network medium as a high-speed encoder to enable communication. Additionally, this controller eliminates the need for multiple controllers and sensors to reduce costs.
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On the basis of controller type, the market can be segmented into:
• Distributed Control System (DCS)
• Programmable Logic Controller (PLC)
• Industrial PC
Important form factors included in the market are:
On the basis of industry, the market has been categorized into:
• Processing industry
o Oil and gas
o Energy and Power
o Food and drinks
o Metals and mining
o Pulp and paper
• Discrete industries
o Aeronautics and Defense
o Semiconductors and Electronics
o Medical Devices
Regional markets for machine automation controllers include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Major trends in the Machine Automation Controllers market include increasing deployment of the product in the automotive industry owing to increasing sales of electric cars. In addition to this, the increasing adoption of Internet of Things (IoT) and artificial intelligence in this industry is expected to propel the growth of the market in the coming years. Additionally, technological advancements and growth in R&D activities in discrete industries such as aerospace and defense, and semiconductor and electronics sector are expected to contribute to the growth of the market during the period. forecast. Also, rising labor costs are expected to drive the demand for machine automation controllers over the forecast period.
Main market players
Major players in the market are Mitsubishi Electric Corporation, ABB Ltd., Siemens AG, Emerson Electric Co., and Honeywell International Inc., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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