Industrial Automation – No More Accidents and Human Error
The
rapid adoption of industrial automation and control equipment can be
attributed to the use of robotics in industrial control and the surge
in labor costs.
Transparency
Market Research, in a report, titled “Industrial Automation Market
- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024,” offers sharp insights into the emergence,
functioning, growth, and future of the global industrial automation
market.
A
comprehensive evaluation of the market for industrial automation has
been provided in the report, which includes historical data, in-depth
qualitative insights, market projections, vendor analysis, an
assessment of the forces of supply and demand, stakeholder and value
chain evaluation, and a review of technological breakthroughs and
current trends. The latest research methodologies have been employed
to arrive at objective and verifiable findings.
By
deploying factory automation, companies can achieve a reduction in
assembly time, bring down production and labor costs, minimize human
errors and accidents, and alter production schedules as and when
needed. Recovering from the plight of the recession of 2008 and the
recent economic downturn, a number of companies have begun making
fresh investments in industrial automation.
The
report studies the global industrial automation market on the basis
of geography and an emphasis is given on four major segments: Europe,
Asia Pacific, North America, and Rest of the World. The US is by far
the largest market for industrial automation and remains the primary
growth driver for the global market. Japan has been identified as a
lucrative market for players within the industrial automation market.
For decades now, traditional outsourcing hubs such as India and China
have been boasting of cheap and easily available labor. However, the
cost of labor has been increasing gradually, compelling companies to
resort to industrial automation with the help of fully programmable
industrial processes and industrial robots.
Each
of the geographical segments has been evaluated in depth to ascertain
the leading region as well as the weakest link. Opportunities in
store in the most promising regions have been identified in the
report and the most strategic and practical way of capitalizing on
those prospects have been suggested.
One
of the prominent features of the report on the global industrial
automation market is the evaluation of the competitive landscape. The
top companies competing at a global, regional, and national level
have been identified and carefully examined. Johnson Controls, Inc.,
Siemens AG, Emerson Electric Corporation, ABB Ltd., Rockwell
Automation, Inc., Honeywell International, Inc., General Electric,
Schnieder Electric, Mitsubishi Electric, and Yokogawa Electric
Corporation are some of the leading players in the industrial
automation market. Some of these players have been profiled in the
report based on aspects such as company outlook, financial
performance, recent events and developments, business strategies, and
product and service portfolio.
No comments: