Electrical Automation Market - Forecast(2019 - 2024)

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Electrical Automation Market Overview:

Technological advancements such as robotics, artificial intelligence, machine learning, and the Internet of Things are enhancing productivity at individual as well as industrial level. Electrical automation is the convergence of electronic system with automation to digitally control the process. As per the United Nations Industrial Development Organization (UNIDO), the manufacturing sectors has reduced its global capacity as an employer from 22% in 1991 to under 13% in 2016 and it is further foreseen to be deducting.[1] Leveraging over this stride of automation in manufacturing industries positively impacting production and assembly line, where it covers each aspect of industrial operations, electrical automation market is poised for exponential growth.

Various other end-user applications including infrastructure, lift control, robotics, gas measurement & regulation, marine and commercial vehicles for efficient as well as economic operations are employing electrical automation. Such immense range of adjacent sectors has driven the market size to $27.64 billion as of 2018 and is progressing with a global compound annual growth rate of 4% during the forecast period of 2019-2025.

 

Electrical Automation Market Outlook:

Some most trusted tool brand that help to perform electrical automation task in easy and reliable manner are human machine interface (HMI), distributed control system (DCS), and supervisory control and data acquisition (SCADA).

Further analysis of electrical automation market application segments estimated building electrical automation to be the leading subdivision progressing with an application CAGR of 5.94% going through 2025. Building automation is an example of a distributed control system, it’s an amalgamation of electrical hardware and communication network technology aimed at monitoring and controlling the mechanical, security, fire and flood safety, lighting, HVAC and humidity control and ventilation systems in a building. It is an effective tool for energy conservation and at the same time to regulate electric power distribution throughout the infrastructure. As per the Global Alliance for Building and Construction, energy demand in buildings could increase by 50%, while global building floor area is expected to double by 2050.[2] Thus, leveraging the global issue of energy security, electrical automation in buildings is forecast to submit substantial demands in the market.

Electrical automation is a trend developing globally and converging with numerous sectors from robotics and industrial to energy and emission. Europe being the front-runner in terms of technological advancement, is reckoned to be the region generating highest demand for electrical automation, accounting for 36.19% of the global demand in 2018. Some factors supporting the argument-

·      The drift augmented by the European automotive market towards automation is fuelling the electrical automation market of Europe. The demands from this specific sector can be estimated by the fact that 11% of the European Union manufacturing employment is sourced by its automotive sector.

 

·       The European Union is developing a body ensuring energy security. Fulfilling these objectives requires wiser energy usage which is diverting traffic towards electrical automation in infrastructures via smart grid technology and electrical relays. The goals set by the union creating demand for electrical automation are a fully-integrated internal energy market for a free-flow of energy without technical glitches and energy efficiency.[3]

 

 

Electrical Automation Market Trends and Growth Drivers:

·         Automation in the warehouse robotics market with a value of $2.79 billion as of 2018 is a major trend disrupting the electrical automation market. With the advent of virtual retail companies such as Amazon and E-Bay, warehouse associated with it are adapting electrical automation for efficient logistics operations alleviated of human-errors causing adverse economic effects.

·         Electrical automation solutions have also converged with the existing automation in food & beverages, banking, and oil & gas industry that is totally operated on digital control system to minimize human occupancy in operations and make the process precise, accurate and less-energy consuming. The flourishing retail automation market progressing with a CAGR of 8.60% (2019-2025), is stroking the electrical automation market with abundant demand. F&B retail giants such as McDonalds and KFC has stationed touch screen ordering and payment devices shrinking the necessity for cashier employees.

·         In 2018, Emerson publicized its association with Texas A&M College of Engineering to develop an Advanced Automation Laboratory. It is financed with a donation of $1.5 million to deliver practical knowledge about the purpose of electrical automation in oil and gas, refining, life sciences, and food and beverage industries.

 

 

Electrical Automation Market Challenges:

A major factor restraining the electrical automation market is its expensive cost of implementation with economically marginalized vendors deprived of its application. Majority of the electrical automation demand is from technologically developed economies with the larger markets of under-developed nations not being capitalized. However, with influx of investments into R&D targeting commercializing of electrical automation is foreseen to expand the market size and converge is with untouched arcades globally. And also, with global population expanding unrestrainedly, automation is an imperative asset for efficient production demand otherwise industries will fall short of production as per the requirements.

 

Electrical Automation Market Players Perspective:

Some of the key players operating in the electrical automation market are Siemens, ABB, Emerson Process Management, Rockwell Automation, Schneider Electric, Honeywell process solutions, Mitsubishi electric, Yokogawa electric, Omron automation, and Danaher Industrial Ltd.

Emerson through acquisition of intelligent platforms of General Electric in 2018 to is set to magnify its portfolio in the global automation market. Through this agreement, Emerson has increased opportunities to develop itself in electrical automation machine-control involved in metals & mining, life sciences, food & beverage, and packaging industries.

 

Electrical Automation Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the electrical automation market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various application segment in electrical automation market, and their specific advantages.

 

 

The   Pressure Sensors Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

 

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

 

 

Key Questions Addressed in the Electrical Automation Market Report

1.         Is the market for the electrical automation growing? How long will it continue to grow and at what rate?

2.         Which type of systems presents the major growth opportunities?

3.         Is there a possibility for change in the market structure over time? 

4.         Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?

5.         Do the key vendors look for partnerships to expand their businesses with respect to geography or product?

6.         What are the short-term, long-term, and medium-term growth drivers for the market?

7.         What are the short-term, medium-term, and long-term challenges for the market?

8.         What are the short-term, medium-term, and long-term opportunities for the market

9.         Who are the top players/companies of the market?

10.       What are the recent innovations in the market?

11.       How many patents have been filed by the leading players?

12.       What are the types of patents filed by the leading players?

13.       What is our Vision 2030 electrical automation market?

 

 

A few focus points of this Research are given below:

•           Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies

•           Provide an overview of the product portfolio, including product planning, development, and positioning

•           Discuss the role of technology companies in partnerships

•           Explore the regional sales activities

•           Analyze the market size and giving the forecast for current and future electrical automation market during the forecast 2019–2025

•           Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures.

 

 [1] https://sustainabledevelopment.un.org/content/documents/2537IDR2018_FULL_REPORT_1.pdf

 

[2] https://www.worldgbc.org/sites/default/files/GABC_Global_Status_Report_V09_november_FINAL.pdf

[3] https://ec.europa.eu/commission/priorities/energy-union-and-climate_en

1. Electrical Automation Market - Overview
1.1. Definitions and Scope
2. Electrical Automation Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Electrical Automation Market 
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 12 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 12 companies
3.1.4. Patent Analysis - Top 12 companies
3.1.5. Pricing Analysis 
4. Electrical Automation Market – Startup companies Scenario Premium
4.1. Top 12 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Electrical Automation Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 12 companies
6. Electrical Automation Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes 
7. Electrical Automation Market - Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. Electrical Automation Market – By Types (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. Fixed or Hard Automation
8.3.2. Programmable Automation
8.3.3. Flexible or Soft Automation
9. Electrical Automation Market – By Process (Market Size -$Million / $Billion)
9.1. Sensors
9.2. Actuators
9.3. Controllers
9.4. Others
10. Electrical Automation Market – By  EA Tools (Market Size -$Million / $Billion)
10.1. Human Machine Interface (HMI)
10.2. Distributed Control System (DCS)
10.3. Robotics
10.4. Others
11. Electrical Automation Market – By Functional Area (Market Size -$Million / $Billion)
11.1. Industrial Electrical Automation
11.1.1. Electrical Components & Lighting
11.1.2. Controllers
11.1.3. Industrial Robots
11.1.4. Compressors
11.1.5. Processing Machines
11.1.6. Remote Monitoring Systems (RMS)
11.1.7. Switchboards
11.1.8. Power Monitoring
11.1.9. Industrial Sensors
11.1.12. Human Machine Interface
11.2. Building Electrical Automation
11.2.1. Wiring Accessories
11.2.2. Automation Cabinets
11.2.3. Main Switchboard
11.2.4. Consumer Units
11.2.5. Others
11.3. Others
12. Electrical Automation Market – By Application (Market Size -$Million / $Billion)
12.1. Lift Control
12.2. Robotics
12.3. Energy & Emissions
12.4. Gas Measurement & Regulation
12.5. Traffic
12.5.1. Monitor and Analyze
12.6. Industrial Security
12.7. Lighting
12.8. Marine
12.9. Mobile Machinery
12.10. Commercial Vehicles
12.11. Production Systems and lines
12.12. Boilers and Power Plantsb
12.12.1. Monitoring
13. Electrical Automation - By Geography (Market Size -$Million / $Billion)
13.1. Electrical Automation Market - North America Segment Research
13.2. North America Market Research (Million / $Billion)
13.2.1. Segment type Size and Market Size Analysis 
13.2.2. Revenue and Trends
13.2.3. Application Revenue and Trends by type of Application
13.2.4. Company Revenue and Product Analysis
13.2.5. North America Product type and Application Market Size
13.2.5.1. U.S.
13.2.5.2. Canada 
13.2.5.3. Mexico 
13.2.5.4. Rest of North America
13.3. Electrical Automation - South America Segment Research
13.4. South America Market Research (Market Size -$Million / $Billion)
13.4.1. Segment type Size and Market Size Analysis 
13.4.2. Revenue and Trends
13.4.3. Application Revenue and Trends by type of Application
13.4.4. Company Revenue and Product Analysis
13.4.5. South America Product type and Application Market Size
13.4.5.1. Brazil  
13.4.5.2. Venezuela
13.4.5.3. Argentina
13.4.5.4. Ecuador
13.4.5.5. Peru
13.4.5.6. Colombia 
13.4.5.7. Costa Rica
13.4.5.8. Rest of South America
13.5. Electrical Automation - Europe Segment Research
13.6. Europe Market Research (Market Size -$Million / $Billion)
13.6.1. Segment type Size and Market Size Analysis 
13.6.2. Revenue and Trends
13.6.3. Application Revenue and Trends by type of Application
13.6.4. Company Revenue and Product Analysis
13.6.5. Europe Segment Product type and Application Market Size
13.6.5.1. U.K  
13.6.5.2. Germany 
13.6.5.3. Italy 
13.6.5.4. France
13.6.5.5. Netherlands
13.6.5.6. Belgium
13.6.5.7. Spain
13.6.5.8. Denmark
13.6.5.9. Rest of Europe
13.7. Electrical Automation – APAC Segment Research
13.8. APAC Market Research (Market Size -$Million / $Billion)
13.8.1. Segment type Size and Market Size Analysis 
13.8.2. Revenue and Trends
13.8.3. Application Revenue and Trends by type of Application
13.8.4. Company Revenue and Product Analysis
13.8.5. APAC Segment – Product type and Application Market Size
13.8.5.1. China 
13.8.5.2. Australia
13.8.5.3. Japan 
13.8.5.4. South Korea
13.8.5.5. India
13.8.5.6. Taiwan
13.8.5.7. Malaysia
14. Electrical Automation Market - Entropy
14.1. New product launches
14.2. M&A's, collaborations, JVs and partnerships
15. Electrical Automation Market – Industry / Segment Competition landscape Premium
15.1. Market Share Analysis
15.1.1. Market Share by Country- Top companies
15.1.2. Market Share by Region- Top 12 companies
15.1.3. Market Share by type of Application – Top 12 companies
15.1.4. Market Share by type of Product / Product category- Top 12 companies
15.1.5. Market Share at global level- Top 12 companies
15.1.6. Best Practises for companies
16. Electrical Automation Market – Key Company List by Country Premium
17. Electrical Automation Market Company Analysis
17.1. Market Share, Company Revenue, Products, M&A, Developments
17.2. Siemens
17.3. ABB
17.4. Emerson Process Management
17.5. Rockwell Automation
17.6. Schneider Electric
17.7. Honeywell process solutions
17.8. Mitsubishi electric
17.9. Yokogawa electric
17.10. Omron automation
17.11. Danaher Industrial Ltd
17.12. company 11
17.13. company 12
17.14. company 13 and more
"*Financials would be provided on a best efforts basis for private companies"
18. Electrical Automation Market - Appendix
18.1. Abbreviations
18.2. Sources
19. Electrical Automation Market - Methodology
19.1. Research Methodology
19.1.1. Company Expert Interviews
19.1.2. Industry Databases
19.1.3. Associations
19.1.4. Company News
19.1.5. Company Annual Reports
19.1.6. Application Trends
19.1.7. New Products and Product database
19.1.8. Company Transcripts
19.1.9. R&D Trends
19.1.10. Key Opinion Leaders Interviews
19.1.11. Supply and Demand Trends