What is Machine Automation Controllers Market?
Over the past couple of decades, since the global market has experienced rapid industrialization which has ultimately led to increased productivity and efficiency of the manufacturing industry. Thus, the demand for machine automation controllers will ultimately increase. These controllers monitor the manufacturing processes with the help of numerous GUIs (Graphical User Interfaces) in the manufacturing industry. Numerous types of controllers are used in the industry such as machine controllers, temperature controllers or inspectors. These processors enable users with higher processing speed, maintenance services, and minimizes the wastages during the manufacturing process.
The market study is being classified by Type (CPU Units, Digital Input / Output Unit, Analog Input / Output Unit, Load Cell Input Unit, Position Interface Unit and System Unit), by Application (PWB Mounting Process Management, Hard Disk Manufacturing Management and Rechargeable Battery Manufacturing Process) and major geographies with country level break-up. According to AMA, the Global Machine Automation Controllers market is expected to see growth rate of 4.76% and may see market size of USD41.32 Million by 2026.
Omron Corporation (Japan), Schneider Electric SE (France), Delta Electronics, Inc. (Taiwan), Auto Control Systems (Australia), Emerson Electric Co. (United States), Rockwell Automation, Inc. (United States), Parker Hannifin Corporation (United States), ACS, Inc. (United States), Eckelmann AG (Germany) and NEXCOM International Co., Ltd. (Taiwan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Advantech Co., Ltd. (United States) and Texas Instruments Inc. (United States).
The Players having a strong hold in the market are Omron Corporation, Schneider Electric, Delta Electronics, Auto Control Systems, and Emerson Electric.
Segment Analysis
Analyst at AMA have segmented the market study of Global Machine Automation Controllers market by Type, Application and Region.
On the basis of geography, the market of Machine Automation Controllers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Adoption of Manufacturing Automation in the Global Market
- Increasing focus on Minimizing the Operational Cost
Market Trend
- Upsurging Demand and Consumption has led to continues Enhancements in Process Industry
- Rising Adoption of Highly Automated Robots across the globe
Restraints
- Higher Initial Investments required for Automating Business Processes
- System Failures will require Maximum Downtime and Hamper Productivity
Opportunities
- Increasing Applications of Artificial Intelligence as well as IoT Enabled Systems
- Machine Automation Increases the overall Productivity of the Organization with Minimum Operational Cost
Challenges
- Upsurging Instances of Cyber Security Threats as well as Technical Failures
- Lack of Awareness among the Workers about Highly Automated Systems
On March 29, 2019, OMRON Corporation has introduced the fifth wave of factory automation (FA) control devices built on a common design platform for unified product specifications, for further innovation in control panel building. The products will be provided in 181 models in 6 categories including S8VK-WA series Switch Mode Power Supplies, E5DC-B Series Digital Temperature Controllers, G6D-F4PU Terminal Relay, G3DZ-F4PU Terminal SSR, XW6T series Common Terminal Blocks with Visible Indicators, A22NE-PD series Emergency Stop Switches.
IEC 61069-1:2016 defines the terminology and outlines basic concepts in the assessment of a basic process control system (BPCS) and a basic discrete control system (BDCS). In IEC 61069 these two, BPCS and BDCS, together are referred to as "basic control systems", (BCS). This second edition cancels and replaces the first edition published in 1991. This edition includes a couple of technical changes with respect to the previous edition. Reorganization of the material of IEC 61069-1:1991 to make the overall set of standards more organized and consistent; IEC TS 62603-1:2014 has been incorporated into this edition.
Key Target Audience
Machine Automation Controllers Manufacturers, Machine Automation Controllers Distributors and Traders, Upstream and Downstream Buyers, Research and Development Institutes, Government Agencies, Automation Industry Associations and Others