Electrical Automation Market: Mechatronic Products Adoption A Boon
Buildings, residential and commercially, collectively consume 42% of the world's energy. However, due to ineffective building management systems, 50% of the energy used in buildings is getting wasted. For this, there exists a need for electrical automation to save on wastage, and the demand for the same is flourishing. IndustryARC says that the global electrical automation market size was at $27.64 billion in 2018 and the opportunities are mounting at a CAGR of 4% over the forecast period. Automation has made lives simpler, whose outcomes are smart homes coupled with a secure lifestyle.
The report is titled: “
Electrical Automation Market: By Types (Fixed or Hard Automation &
Others) By Process (Sensors, Actuators & Others) By EA Tools (Human Machine
Interface (HMI) & Others) By Functional Area (Industrial Electrical
Automation, Building Electrical Automation & Others) By Application (Lift
Control, Robotics, Energy & Emissions & Others), By Geography –
Forecast (2019-2025).” It provides a detailed analysis of the competitive landscape,
market trends, market drivers, market opportunities and strategic analysis of
the global electrical automation market.
Global Electrical Automation Market: Demand Analysis
Automation the process uses several control systems with minimal human intervention. It is utilized in various applications starting from household thermostat controlling a boiler to a huge industrial control system. Relay logic is the primary development of sequential control, through which electrical relays employ the electrical contacts that is either to start or stop the power supply to a device. Extensive range of automation is essential in large processes such as oil refining, steel mills, electrical power generation, chemicals, plastics, pulp, and paper mills, cement plants, automobile, and truck assembly, natural gas separation plants, aircraft production, glass manufacturing, fertilizer plants, food, and beverage processing, and in canning and bottling processes.
Global Electrical Automation Market: Leading Segments
Europe held the leading share of 36.19% in the global electrical automation market as of 2018. Companies in this region are aggressively adopting automation not only in new plants but also in the redesigning of existing processes. It reduces the necessity of labor in visual inspection, handling, integrating, and streamlining production processes. Wave of automation technologies and investments of ABB, Bosch, BMW, and Siemens in artificial intelligence are propelling the growth of Europe electrical automation market.
Electrical automation system design plays an indispensable role in building automation systems. Intelligent building application segment of the electrical automation market is currently most lucrative, expanding at a CAGR of 5.94% during the above-mentioned forecast period. Electrical grounding and electrical protection are the two major applications of electrical automation system in the intelligent building.
Global Electrical Automation Market: Disruptive Trends
o Electrical automation enhances energy savings in modern intelligent building and ensure safe and consistent operation of various interconnected equipment.
o Widespread application of electrical automation in power grid dispatching, substation, the distribution system and also in improving the production efficiency in power plants.
Energy conservation in the distribution
line, reactive power compensating system, illuminating system, and
light-current system are augmenting the significance of industrial electrical
Broad development space for optimization
of production with less cost, to monitor and improve the performance of
electrical equipment in electrical engineering is driving the growth of
electrical automation technology.
Global Electrical Automation Market: Competitive Landscape
Siemens, ABB, Emerson Process Management, Rockwell Automation, Schneider Electric, Honeywell process solutions, Mitsubishi electric, Yokogawa electric, Omron automation, and Danaher Industrial Ltd are the key strategic players which are operating with major shares in the global electrical automation market.
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What can you expect from the report?
The electrical automation market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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