Industrial Automation And Control Systems Market
PUBLISHED: 2022 ID: SMRC22195
SHARE
SHARE

Industrial Automation And Control Systems Market

Industrial Automation and Control Systems Market Forecasts to 2028 - Global Analysis By Component (Industrial Robots, Control Valves and Other Components), Control System (Distributed Control System (DCS), Programmable Logic controller (PLC) and Other Control Systems), End User (Automotive, Aerospace and Defense and Other End Users) and Geography

4.9 (51 reviews)
4.9 (51 reviews)
Published: 2022 ID: SMRC22195

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2020-2028

Estimated Year Value (2022)

US $178.14 BN

Projected Year Value (2028)

US $357.31 BN

CAGR (2022 - 2028)

12.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

According to Stratistics MRC, the Global Industrial Automation and Control Systems Market is accounted for $178.14 billion in 2022 and is expected to reach $357.31 billion by 2028 growing at a CAGR of 12.3% during the forecast period. An industrial process's capability to operate securely, reliably, and safely depends on a group of people, hardware, and software commonly referred to as the industrial automation and control systems. Industrial automation is the process of replacing humans with machines and control systems, such as computers or robots, in a wide range of industrial operations.

According to the World Bank, the number of IoT-connected devices increased to 20.35 billion in 2017, up from 15.41 billion in 2015, and is predicted to reach 51.11 billion by 2023.


Market Dynamics:


Driver:

Technological Innovations

The industrial sector has witnessed an improvement in the inclusion of robotics engineering and technology into its production processes as a result of substantial technological advancements in robotics. Industrial robots are adaptable manipulator devices that can be programmed and controlled autonomously. Industrial robots are commonly used for tasks including welding, painting, ironing, assembling, pick-and-place, palletizing, product inspection, and testing. All of these activities require high levels of endurance, speed, and precision.

Restraint:

Large investments

Due to the installation of hardware like agile robots, sensory perception equipment, and mobility wheels, automation required huge capital expenditure. Exorbitant start-up costs are the result of this. Automation, however, exceeds human labor in productivity as costs decline over time. The operating costs of an organisation may decline even after replacing human workers. For SMEs, particularly those involved in low-volume production, automation is an expensive investment due to the cost of industrial robots as well as integration and associated costs, such as end effectors and vision systems.

Opportunity:

Government initiatives

Adoption of automation systems in industries is being boosting the market by supportive government initiatives. For instance, the German government has launched an "Industry 4.0" standard strategy that emphasises cloud computing, artificial intelligence, industrial IoT, and process automation. Additionally, the companies are using PLC systems to communicate between various departments of a manufacturing facility.

Threat:

Skilled manpower

The supply and demand for skilled and unskilled workers will have a direct impact on the mechanization of occupations. Furthermore, automation might be utilised earlier in higher wage countries, such as those in the service industry, than in lower wage countries. India, a developing nation, continues to deal with a lack of skilled workers in the automation industry.

Covid-19 Impact:

The COVID-19 outbreak had a significant impact on the industrial automation and control systems industry. As a result of the global slowdown and shortage of personnel, production sites in the electronics and semiconductor industries had to shut down. Production capacity has been severely reduced as a result of the COVID-19 pandemic. In addition, travel restrictions and facility closures hindered workers from travelling to work, which reduced the growth of the industrial automation and control system market in 2020.

The control valves segment is expected to be the largest during the forecast period

Due to the technologies' rapid developments, control valve type is predicted to continue during the projected period. Modern process facilities are constantly coping with challenges related to the environment, the economy, and competition. In order to achieve competitive advantage, an increasing number of industrial enterprises are investing money in instruments and technology. Through the optimization of their operations, innovative solutions are made possible by technological advancements which can boost process facilities in becoming more productive. As industry standards evolve and develop, suppliers of control valves and valve automation solutions will continue to innovate processes and products that resolve these new issues.

The distributed control system (DCS) segment is expected to have the highest CAGR during the forecast period

Owing to its benefits in the automation and control system, distributed control system (DCS) has the highest CAGR. An automated system for managing and operating industrial or plant processes is characterised as a distributed control system (DCS). A DCS is an automated system that combines the HMI, logic solvers, history, common database, alarm management, and common engineering suite into a single unit.

Region with largest share:

Due to the increasing cost of production in China and the rising Yuan against the dollar, investors are searching for other manufacturing sites. The government of India decided to be the destination where multinational corporations choose to manufacture their products; therefore, Asia-Pacific region is the largest market during the projection period. Furthermore, the country's adoption of factory automation technology is expected to be significantly impacted by the "Make in India" initiative.

Region with highest CAGR:

The pharmaceutical and biotech industries in North America have increased their use of automation and control systems in recent years as a result of the rising popularity of biosimilars. The upsurge of generic drugs, the growth in chronic disease prevalence, the rise in demand for pharmaceutical drug productivity, and the increase in biotechnology market investment for new drugs are some of the major factors spurring the growth of the global automation and control system market in the pharmaceutical and biotech industries. Furthermore, the pharmaceutical and biotech sectors' global automation and control system market is expanding as a result of increased healthcare awareness.


Key players in the market

Some of the key players in Industrial Automation and Control Systems market include Rockwell Automation, Inc., Honeywell International, Inc, Siemens AG, Emerson Electric Co, OMRON Corporation, ABB Ltd, Schneider Electric, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd and Yokogawa Electric Corporation.

Key Developments:

In October 2020, Emerson finalized its acquisition of Progea Group, a market-leading provider of industrial internet of things (IIoT), plant analytics, human machine interface (HMI), and supervisory control and data acquisition (SCADA) technologies.

In February 2020, Rockwell Automation, Inc. announced that it had reached an agreement to buy ASEM, S.p.A., a pioneer in digital automation technologies based in Italy. ASEM provides a full variety of Industrial PCs (IPCs), HMI software and hardware, secure Industrial IoT gateway solutions, and remote access capabilities.

Components Covered:
• Industrial Robots
• Control Valves
• Sensors
• Other Components

Control Systems Covered:
• Distributed Control System (DCS)
• Programmable Logic controller (PLC)
• Supervisory Control and Data Acquisition (SCADA)
• Other Control Systems

End Users Covered:
• Automotive
• Aerospace and Defense
• Chemical
• Food & Beverage
• Manufacturing
• Energy & Utilities
• Healthcare
• Mining & Metal
• Transportation
• Oil & Gas

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

 

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Industrial Automation and Control Systems Market, By Component
5.1 Introduction
5.2 Industrial Robots
5.3 Control Valves
5.4 Sensors
5.5 Other Components

6 Global Industrial Automation and Control Systems Market, By Control System
6.1 Introduction
6.2 Distributed Control System (DCS)
6.3 Programmable Logic controller (PLC)
6.4 Supervisory Control and Data Acquisition (SCADA)
6.5 Other Control Systems

7 Global Industrial Automation and Control Systems Market, By End User
7.1 Introduction
7.2 Automotive
7.3 Aerospace and Defense
7.4 Chemical
7.5 Food & Beverage
7.6 Manufacturing
7.7 Energy & Utilities
7.8 Healthcare
7.9 Mining & Metal
7.10 Transportation
7.11 Oil & Gas

8 Global Industrial Automation and Control Systems Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Rockwell Automation, Inc.
10.2 Honeywell International, Inc
10.3 Siemens AG
10.4 Emerson Electric Co
10.5 OMRON Corporation
10.6 ABB Ltd
10.7 Schneider Electric
10.8 Mitsubishi Electric Corporation
10.9 Kawasaki Heavy Industries, Ltd
10.10 Yokogawa Electric Corporation

List of Tables
1 Global Industrial Automation and Control Systems Market Outlook, By Region (2020-2028) ($MN)
2 Global Industrial Automation and Control Systems Market Outlook, By Component (2020-2028) ($MN)
3 Global Industrial Automation and Control Systems Market Outlook, By Industrial Robots (2020-2028) ($MN)
4 Global Industrial Automation and Control Systems Market Outlook, By Control Valves (2020-2028) ($MN)
5 Global Industrial Automation and Control Systems Market Outlook, By Sensors (2020-2028) ($MN)
6 Global Industrial Automation and Control Systems Market Outlook, By Other Components (2020-2028) ($MN)
7 Global Industrial Automation and Control Systems Market Outlook, By Control System (2020-2028) ($MN)
8 Global Industrial Automation and Control Systems Market Outlook, By Distributed Control System (DCS) (2020-2028) ($MN)
9 Global Industrial Automation and Control Systems Market Outlook, By Programmable Logic controller (PLC) (2020-2028) ($MN)
10 Global Industrial Automation and Control Systems Market Outlook, By Supervisory Control and Data Acquisition (SCADA) (2020-2028) ($MN)
11 Global Industrial Automation and Control Systems Market Outlook, By Other Control Systems (2020-2028) ($MN)
12 Global Industrial Automation and Control Systems Market Outlook, By End User (2020-2028) ($MN)
13 Global Industrial Automation and Control Systems Market Outlook, By Automotive (2020-2028) ($MN)
14 Global Industrial Automation and Control Systems Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
15 Global Industrial Automation and Control Systems Market Outlook, By Chemical (2020-2028) ($MN)
16 Global Industrial Automation and Control Systems Market Outlook, By Food & Beverage (2020-2028) ($MN)
17 Global Industrial Automation and Control Systems Market Outlook, By Manufacturing (2020-2028) ($MN)
18 Global Industrial Automation and Control Systems Market Outlook, By Energy & Utilities (2020-2028) ($MN)
19 Global Industrial Automation and Control Systems Market Outlook, By Healthcare (2020-2028) ($MN)
20 Global Industrial Automation and Control Systems Market Outlook, By Mining & Metal (2020-2028) ($MN)
21 Global Industrial Automation and Control Systems Market Outlook, By Transportation (2020-2028) ($MN)
22 Global Industrial Automation and Control Systems Market Outlook, By Oil & Gas (2020-2028) ($MN)
23 North America Industrial Automation and Control Systems Market Outlook, By Country (2020-2028) ($MN)
24 North America Industrial Automation and Control Systems Market Outlook, By Component (2020-2028) ($MN)
25 North America Industrial Automation and Control Systems Market Outlook, By Industrial Robots (2020-2028) ($MN)
26 North America Industrial Automation and Control Systems Market Outlook, By Control Valves (2020-2028) ($MN)
27 North America Industrial Automation and Control Systems Market Outlook, By Sensors (2020-2028) ($MN)
28 North America Industrial Automation and Control Systems Market Outlook, By Other Components (2020-2028) ($MN)
29 North America Industrial Automation and Control Systems Market Outlook, By Control System (2020-2028) ($MN)
30 North America Industrial Automation and Control Systems Market Outlook, By Distributed Control System (DCS) (2020-2028) ($MN)
31 North America Industrial Automation and Control Systems Market Outlook, By Programmable Logic controller (PLC) (2020-2028) ($MN)
32 North America Industrial Automation and Control Systems Market Outlook, By Supervisory Control and Data Acquisition (SCADA) (2020-2028) ($MN)
33 North America Industrial Automation and Control Systems Market Outlook, By Other Control Systems (2020-2028) ($MN)
34 North America Industrial Automation and Control Systems Market Outlook, By End User (2020-2028) ($MN)
35 North America Industrial Automation and Control Systems Market Outlook, By Automotive (2020-2028) ($MN)
36 North America Industrial Automation and Control Systems Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
37 North America Industrial Automation and Control Systems Market Outlook, By Chemical (2020-2028) ($MN)
38 North America Industrial Automation and Control Systems Market Outlook, By Food & Beverage (2020-2028) ($MN)
39 North America Industrial Automation and Control Systems Market Outlook, By Manufacturing (2020-2028) ($MN)
40 North America Industrial Automation and Control Systems Market Outlook, By Energy & Utilities (2020-2028) ($MN)
41 North America Industrial Automation and Control Systems Market Outlook, By Healthcare (2020-2028) ($MN)
42 North America Industrial Automation and Control Systems Market Outlook, By Mining & Metal (2020-2028) ($MN)
43 North America Industrial Automation and Control Systems Market Outlook, By Transportation (2020-2028) ($MN)
44 North America Industrial Automation and Control Systems Market Outlook, By Oil & Gas (2020-2028) ($MN)
45 Europe Industrial Automation and Control Systems Market Outlook, By Country (2020-2028) ($MN)
46 Europe Industrial Automation and Control Systems Market Outlook, By Component (2020-2028) ($MN)
47 Europe Industrial Automation and Control Systems Market Outlook, By Industrial Robots (2020-2028) ($MN)
48 Europe Industrial Automation and Control Systems Market Outlook, By Control Valves (2020-2028) ($MN)
49 Europe Industrial Automation and Control Systems Market Outlook, By Sensors (2020-2028) ($MN)
50 Europe Industrial Automation and Control Systems Market Outlook, By Other Components (2020-2028) ($MN)
51 Europe Industrial Automation and Control Systems Market Outlook, By Control System (2020-2028) ($MN)
52 Europe Industrial Automation and Control Systems Market Outlook, By Distributed Control System (DCS) (2020-2028) ($MN)
53 Europe Industrial Automation and Control Systems Market Outlook, By Programmable Logic controller (PLC) (2020-2028) ($MN)
54 Europe Industrial Automation and Control Systems Market Outlook, By Supervisory Control and Data Acquisition (SCADA) (2020-2028) ($MN)
55 Europe Industrial Automation and Control Systems Market Outlook, By Other Control Systems (2020-2028) ($MN)
56 Europe Industrial Automation and Control Systems Market Outlook, By End User (2020-2028) ($MN)
57 Europe Industrial Automation and Control Systems Market Outlook, By Automotive (2020-2028) ($MN)
58 Europe Industrial Automation and Control Systems Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
59 Europe Industrial Automation and Control Systems Market Outlook, By Chemical (2020-2028) ($MN)
60 Europe Industrial Automation and Control Systems Market Outlook, By Food & Beverage (2020-2028) ($MN)
61 Europe Industrial Automation and Control Systems Market Outlook, By Manufacturing (2020-2028) ($MN)
62 Europe Industrial Automation and Control Systems Market Outlook, By Energy & Utilities (2020-2028) ($MN)
63 Europe Industrial Automation and Control Systems Market Outlook, By Healthcare (2020-2028) ($MN)
64 Europe Industrial Automation and Control Systems Market Outlook, By Mining & Metal (2020-2028) ($MN)
65 Europe Industrial Automation and Control Systems Market Outlook, By Transportation (2020-2028) ($MN)
66 Europe Industrial Automation and Control Systems Market Outlook, By Oil & Gas (2020-2028) ($MN)
67 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Component (2020-2028) ($MN)
69 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Industrial Robots (2020-2028) ($MN)
70 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Control Valves (2020-2028) ($MN)
71 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Sensors (2020-2028) ($MN)
72 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Other Components (2020-2028) ($MN)
73 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Control System (2020-2028) ($MN)
74 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Distributed Control System (DCS) (2020-2028) ($MN)
75 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Programmable Logic controller (PLC) (2020-2028) ($MN)
76 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Supervisory Control and Data Acquisition (SCADA) (2020-2028) ($MN)
77 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Other Control Systems (2020-2028) ($MN)
78 Asia Pacific Industrial Automation and Control Systems Market Outlook, By End User (2020-2028) ($MN)
79 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Automotive (2020-2028) ($MN)
80 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
81 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Chemical (2020-2028) ($MN)
82 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Food & Beverage (2020-2028) ($MN)
83 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Manufacturing (2020-2028) ($MN)
84 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Energy & Utilities (2020-2028) ($MN)
85 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Healthcare (2020-2028) ($MN)
86 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Mining & Metal (2020-2028) ($MN)
87 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Transportation (2020-2028) ($MN)
88 Asia Pacific Industrial Automation and Control Systems Market Outlook, By Oil & Gas (2020-2028) ($MN)
89 South America Industrial Automation and Control Systems Market Outlook, By Country (2020-2028) ($MN)
90 South America Industrial Automation and Control Systems Market Outlook, By Component (2020-2028) ($MN)
91 South America Industrial Automation and Control Systems Market Outlook, By Industrial Robots (2020-2028) ($MN)
92 South America Industrial Automation and Control Systems Market Outlook, By Control Valves (2020-2028) ($MN)
93 South America Industrial Automation and Control Systems Market Outlook, By Sensors (2020-2028) ($MN)
94 South America Industrial Automation and Control Systems Market Outlook, By Other Components (2020-2028) ($MN)
95 South America Industrial Automation and Control Systems Market Outlook, By Control System (2020-2028) ($MN)
96 South America Industrial Automation and Control Systems Market Outlook, By Distributed Control System (DCS) (2020-2028) ($MN)
97 South America Industrial Automation and Control Systems Market Outlook, By Programmable Logic controller (PLC) (2020-2028) ($MN)
98 South America Industrial Automation and Control Systems Market Outlook, By Supervisory Control and Data Acquisition (SCADA) (2020-2028) ($MN)
99 South America Industrial Automation and Control Systems Market Outlook, By Other Control Systems (2020-2028) ($MN)
100 South America Industrial Automation and Control Systems Market Outlook, By End User (2020-2028) ($MN)
101 South America Industrial Automation and Control Systems Market Outlook, By Automotive (2020-2028) ($MN)
102 South America Industrial Automation and Control Systems Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
103 South America Industrial Automation and Control Systems Market Outlook, By Chemical (2020-2028) ($MN)
104 South America Industrial Automation and Control Systems Market Outlook, By Food & Beverage (2020-2028) ($MN)
105 South America Industrial Automation and Control Systems Market Outlook, By Manufacturing (2020-2028) ($MN)
106 South America Industrial Automation and Control Systems Market Outlook, By Energy & Utilities (2020-2028) ($MN)
107 South America Industrial Automation and Control Systems Market Outlook, By Healthcare (2020-2028) ($MN)
108 South America Industrial Automation and Control Systems Market Outlook, By Mining & Metal (2020-2028) ($MN)
109 South America Industrial Automation and Control Systems Market Outlook, By Transportation (2020-2028) ($MN)
110 South America Industrial Automation and Control Systems Market Outlook, By Oil & Gas (2020-2028) ($MN)
111 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Country (2020-2028) ($MN)
112 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Component (2020-2028) ($MN)
113 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Industrial Robots (2020-2028) ($MN)
114 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Control Valves (2020-2028) ($MN)
115 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Sensors (2020-2028) ($MN)
116 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Other Components (2020-2028) ($MN)
117 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Control System (2020-2028) ($MN)
118 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Distributed Control System (DCS) (2020-2028) ($MN)
119 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Programmable Logic controller (PLC) (2020-2028) ($MN)
120 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Supervisory Control and Data Acquisition (SCADA) (2020-2028) ($MN)
121 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Other Control Systems (2020-2028) ($MN)
122 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By End User (2020-2028) ($MN)
123 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Automotive (2020-2028) ($MN)
124 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
125 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Chemical (2020-2028) ($MN)
126 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Food & Beverage (2020-2028) ($MN)
127 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Manufacturing (2020-2028) ($MN)
128 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Energy & Utilities (2020-2028) ($MN)
129 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Healthcare (2020-2028) ($MN)
130 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Mining & Metal (2020-2028) ($MN)
131 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Transportation (2020-2028) ($MN)
132 Middle East & Africa Industrial Automation and Control Systems Market Outlook, By Oil & Gas (2020-2028) ($MN)
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials