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Newly released market study: PC-Based Automation Market - Global Forecast to 2023



21.02.2018 21:32:22 - Fast Market Research recommends "PC-Based Automation Market - Global Forecast to 2023" from Markets and Markets, now available

(live-PR.com) - PC-Based Automation Market by Offering (Hardware and Software), Component (IPCs, HMIs, PLCs, SCADA), Sales Channel (Direct Sales and Indirect Sales), Industry (Process and Discrete), and Geography - Global Forecast to 2023

"PC-based automation market expected to exhibit significant growth between 2018 and 2023"

The PC-based automation market is expected to grow at a CAGR of 4.9% between 2018 and 2023 to reach

 

USD 38.01 billion by 2023 from USD 29.92 billion in 2018. This market growth can be attributed to the evolution of IIoT and increasing demand for smart automation solutions, growing emphasis on regulatory compliances, and increasing need for efficient monitoring in manufacturing plants. However, high investments for the implementation of PC-based automation systems are restraining the growth of the PC-based automation market.

Full Report Details at
- fastmr.com/products/1309988-pc-based-automation-global?afid=702

"PLC to hold a major share of the PC-based automation market during the forecast period"

PLC is one of the most critical components in PC-based automation systems. It is widely used in almost all industrial applications to control the automation of industrial processes. Furthermore, PLCs are evolving continuously to include advanced features such as greater programming flexibility and ease, scalability, high memory, compactness, and high speed. These advanced features make PLCs the best option for a variety of industrial automation applications. This is driving the growth of the market for PLCs.

"Process industries to hold a larger share of the PC-based automation market during the forecast period"

The adoption rate of PC-based automation solutions in process industries is high owing to the rising cost pressure on manufacturers to optimize their production processes. Moreover, the increasing demand for real-time visibility and complex operations in industries such as oil & gas, energy & power, mining & metals, and food & beverages is expected to boost the demand for PC-based automation solutions in process industries.

"PC-based automation market in APAC expected to grow at a high rate during the forecast period"

The PC-based automation market in APAC is likely to grow at a high rate between 2018 and 2023. In APAC, countries such as India, China, and Japan play an important role in the overall growth of the PC-based automation market. In India, increasing infrastructural investments and government initiatives such as "Make in India" are supporting market growth. The Government of India is encouraging foreign companies to invest in the country to build their manufacturing facilities. Further, in China, the high adoption of advanced manufacturing technologies and government initiatives such as "Made in China 2025" are likely to accelerate the growth of the market for advanced manufacturing technologies, including PC-based automation, in the country.

The breakdown of the profiles of primary participants for the report has been given below.

* By Company Type: Tier 1 = 50%, Tier 2 = 30%, and Tier 3 = 20%
* By Designation: C-Level Executives = 70%, Directors = 20%, and Others = 10%
* By Region: North America = 40%, Europe = 35%, APAC = 15%, and RoW = 10%

The key players in the PC-based automation market include ABB (Switzerland), Advantech (Japan), Beckhoff Automation (Germany), Emerson Electric (US), General Electric (US), Honeywell (US), IDEC (japan), Kontron S&T (Germany), Mitsubishi Electric (Japan), OMRON (Japan), Robert Bosch (Germany), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany), and Yokogawa Electric (Japan).

Research Coverage:

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Author:
Bill Thompson
e-mail
Web: http://www.fastmr.com
Phone: 1.518.300.1215


 

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