Industrial Automation Market Is Worth US $113.99 Billion in 2016 and Is Expected to Reach US $153.83 Billion by 2022 - Scalar Market Research

Chicago, IL -- (SBWire) -- 08/10/2017 --According to the report, "Industrial Automation Market, By Technology (SCADA, DCS, PLC, MES, HMI, PLM), End-users (Manufacturing, Automotive, Aerospace & Defense, Oil & Gas, Chemical, Mining & Metals, Power & Energy, Processing Units, Food & Beverages), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America) Report Forecast - 2014 To 2022", the market for industrial automation is expected to grow at a steady rate during the forecast period.

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The global industrial automation market report focuses on the revenue forecasts and growth trends for this market. The report also offers in-depth analysis of the major drivers, restraints, market share and segmentation for the key players.

According to the industrial automation market report, the global market is expected to witness steady growth during the forecast period. This growth of the market is attributed to the growing demand for the advanced technologies, such as machine-to-machine and Internet of Things (IoT). Optimized resource allocation, industrialization, smart waste management, and the demand for improved process efficiency are also some of the major driving factors for the growth of this market on the global scale.

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However, the report suggests that high capital investment, lack of awareness, and lack of skilled professionals are some of the major restraining factors for the industrial automation market. Incompatibility and immobility of the industrial machinery parts are also some of the restraining factors for the growth of this market. However, advancing technologies and the increased research and development activities in the market are expected to create potential business opportunities for the market players around the world.

The industrial automation market report segments the global market by the technologies, end-users, and geographic regions. The report subdivides the technology segment into DCS, SCADA, HMI, PLC, and PLM. The major end-user segments covered in this report include food and beverages, power and energy, chemicals, aerospace and defense, automotive, manufacturing, mining and metals, oil and gas, and processing units. The major geographic regions of the market include North America, Latin America, Middle East and Africa, Europe, and Asia-Pacific.

The key players highlighted in the industrial automation market report include ABB Ltd., Emerson Electric Corporation, General Electric, Honeywell International, Inc., Johnson Controls, Inc., Rockwell Automation, Inc., Schneider Electric, Siemens AG, Yokogawa Electric Corporation, and such others. According to the report, the Asia-Pacific region is set to witness the most impressive growth during the forecast period. Thanks to the advancing technologies, the key players in the market are expected to witness attractive growth opportunities across the global market.

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