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Industrial Control and Factory Automation Market - Energy Efficiency in Manufacturing Process Drives Growth

01-04-2019 06:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The Industrial control and Factory automation is a rising trend in the manufacturing industry which provides smart manufacturing infrastructure. The industrial control and factory automation facilitates cost efficiency, quality of production; standardize manufacturing, reliability and flexibility in the process of manufacturing. Industrial control and factory automation offers perfect mix of mechanical components and devices and Information Technology.

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The emerging applications such as heating ventilation air conditioning (HVAC) systems, electronic power distribution systems and human machine interface (HMI) would further spur the demand of industrial controls and automation in the coming years. Technological developments in process monitoring, industrial automation and control over the last decades have contributed immensly towards improvement of productivity of all manufacturing industries globally.

The focus by industry players on achieving energy efficiency in manufacturing process is driving the market. In addition, others factors such as internet of things, country and government initiatives towards improving production activities, services blending manufacturing and engineering technologies and shifting production base are driving the market.

Other drivers are country wise investment and development plan for production activities and shifting in the manufacturing base. The market is expected to grow substantially in developing economies such as Asia-Pacific, which is primarily attributed to the rise in the factory automation and industry control system implementation.

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