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Press release content from BusinessWire. The AP news staff was not involved in its creation.

Global Automation Solutions Market Outlook to 2026 by Solution and End-user - ResearchAndMarkets.com

January 21, 2019

DUBLIN--(BUSINESS WIRE)--Jan 21, 2019--The “Automation Solutions - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.

According to this report, the Global Automation Solutions Market is expected to grow at a CAGR of 4.8% during the forecast period.

Technological shift from PLC to PAC in automated loading equipment, emergence of IIoT analytics for improving ease of monitoring and service management and emergence of intelligence solutions for labor safety measures are some key factors fueling the market growth. However, strict regulations that mandate automation in hazardous workstations are hampering the market growth.

Amongst end-user, Oil & Gas segment accounted for considerable market share during the predicted period due to development of IIoT and technological enhancements.

Based on geography, North America region is expected to register highest market growth during the forecast period owing to largest implementation of industrial robotics in various industries

Solutions Covered:

Excitation Systems Security Instrumentation Distributed Control System (DCS) Product Lifecycle Management (PLM) Other Solutions

End-Users Covered:

Oil & Gas Pharmaceuticals Security and Surveillance Automotive Industrial Food and Beverage Other End-Users

Companies Profiled:

Rockwell Automation Schneider Electric Siemens Honeywell Emerson Electric Andritz AG ABB Group Mitsubishi Electric Corp. Swisslog Holding AG Sato Company Brenton, LLC BEUMER Group GmbH & Co. KG

For more information about this report visit https://www.researchandmarkets.com/research/r2npsz/global_automation?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190121005332/en/

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Related Topics:Industrial Automation



SOURCE: Research and Markets

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PUB: 01/21/2019 11:42 AM/DISC: 01/21/2019 11:42 AM