Machine Automation Controller Market Size worth $47.10 Billion globally by 2026 | CAGR of 4.9% | Advantech, Beckhoff, Delta Electronics, Emerson, Honeywell, Omron
Global Machine Automation Controller Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Machine Automation Controller report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies.
Overview of the Global Machine Automation Controller Market:
The Global Machine Automation Controller Market is accounted for $29.19 Billion in 2017 and is expected to reach $47.10 Billion by 2026 growing at a CAGR of 4.9% during the forecast period (2019-2026).
The increasing focus on reducing the overall operational costs, the need to drive productivity in manufacturing industries, and the growing use of robots & robotics in the manufacturing sector is some of the factors fuelling the market growth. However, high initial capital investment for SMEs and difficulty in finding system failure results in increasing the downtime, which in turn is expected to restrain the growth of the market.
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Machine automation controllers are likely used with IP20 and IP65 rating where the automated system is constantly in contact with dust, liquid and solid objects which are capable of damaging the system and cause production break down. DCS and Industrial PC are configured with IP65 or IP20 protocol since they provide addition protection. IP65 rated automation controller offers protection against dust and low-pressure jets of liquid from all directions. Automation controllers, such as DCS and industrial PC (IPC), have IP65 rating because a few components, such as flat panel monitor which do not have additional protection. The need to protect these external components has resulted in making IP65 rating a necessity.
Based on end user, automotive as well as food and beverages industry are estimated to see significant growth in the global machine automation controllers market, on account of growing usage of machine automation controllers for industrial automation globally.
Regionally, APAC is expected to account for the largest share of machine automation controller market during the forecast period. Significant domestic demand for automated controllers has led to the establishment of manufacturing units in various industries, such as automotive, chemicals, food & beverages, and semiconductor & electronics, in APAC.
This comprehensive Machine Automation Controller Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Major Key Players:
1 ACS India
3 Beckhoff Automation
4 Delta Electronics
6 Hollysys Automation
10 Mitsubishi Electric and More…………..
Market Segment by Products:
- Compact Controller
- Modular Controller
Market Segment by Functions:
- Database Connection
- Logic Sequence
- Machine Monitoring
- Motion Control
- Network Safety
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Table of Contents:
1 Executive Summary
3 Machine Automation Controller Market Trend Analysis
4 Porters Five Force Analysis
5 Global Machine Automation Controller Market, By Type
6 Global Machine Automation Controller Market, By End User
7 Global Machine Automation Controller Market, By Geography
8 Key Developments
9 Company Profiling
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