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.
o
Energy conservation in the distribution
line, reactive power compensating system, illuminating system, and
light-current system are augmenting the significance of industrial electrical
automation.
o
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.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=18659
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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
Frequently Asked Questions:
Q. Does IndustryARC provide customized
reports and charge additionally for limited customization?
Response: Yes,
we can customize the report by extracting data from our database of reports and
annual subscription databases. We can provide the following free customization:
1. Increase the
level of data in application or end user industry.
2. Increase the
number of countries in geography chapter.
3. Find out
market shares for other smaller companies or companies which are of interest to
you.
4. Company
profiles can be requested based on your interest.
5. Patent
analysis, pricing, product analysis, product benchmarking, value and supply
chain analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
To request for a
proposal, provide your details in the below link:
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.