Industrial Controls and Factory Automation Market growth analysis in Electrical Components & Equipment Industry | Technavio

NEW YORK, July 14, 2021 /PRNewswire/ -- Technavio has been monitoring the industrial controls and factory automation market and it is poised to grow by USD 60.15 billion during 2021-2025, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio has announced its latest market research report titled Industrial Controls and Factory Automation Market by Product, End-user and Geography - Forecast and Analysis 2021-2025

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As the business impact of the COVID-19 spreads, the industrial controls and factory automation market is expected to have negative growth.

Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.

This post-pandemic business planning research will aid clients to:

  • Addressing Potential Impacts by Facilitating changes in Process Designs
  • Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

 Download the Post-Pandemic Business Planning Structure

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Global Industrial Automation Control Market - Global industrial automation control market is segmented by product (sensors, DCS, drives, SCADA, and PLC), end-user (process industry and discrete industry), and geography (APAC, North America, Europe, South America, and MEA).
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Top 3 Vendor Analysis of Industrial Controls And Factory Automation Market 

ABB Ltd.

The company offers intuitive human system interface solutions for the process automation industry such as AC 800 M, AC 500 PLC, and AC700F.

Dassault Systemes SE

The company offers designing automation and embedded control systems.

Emerson Electric Co.

The company offers industrial automation and controls solutions such as programmable automation controllers, control software, and automation software

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get the report snapshot here for a detailed market share analysis of market participants during COVID-19 lockdown:
https://www.technavio.com/report/industrial-controls-and-factory-automation-market-industry-analysis

Industrial Controls and Factory Automation Market 2021-2025: Segmentation

Industrial controls and factory automation market is segmented as below:

  • Product
    • SCADA
    • PLC
    • DCS
    • Drives
    • Sensors
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA
  • End-user
    • Process Industry
    • Discrete Industry

The industrial controls and factory automation market is driven by changing market dynamics. In addition, the increasing focus on smart factories is expected to trigger the industrial controls and factory automation market toward witnessing a CAGR of almost 7% during the forecast period.

Get Actionable Insights on each Contributing Segments. Download Free Sample Report: https://www.technavio.com/talk-to-us?report=IRTNTR70712

Market Drivers
Market Challenges
Market Trends
Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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