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According to Technavio’s research analysis, the rising demand for process automation will be one of the major factors that will have a positive impact on the growth of the global automation control market for material handling till 2021. The implementation of automation control in material handling is increasing due to significant improvements in intelligent automation tools. Intelligent automation tools such as intelligent I/O modules and intelligent motion controllers offer increased assistance in material handling operations with better effectiveness and lower cost. This decrease in the cost of services will drive the demand for process automation among end-user industries, in turn, propeling the growth of this global market. Our market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.
In terms of geographic regions, EMEA will be the major revenue contributor to the automation control market for material handling throughout the forecast period. Process industries such as oil and gas, chemical and petrochemical, food and beverage, and power generation are the key contributors to the automation control market for material handling in EMEA.
The competition among the players in the automation control market for material handling is based on factors such as product features, innovation, price, and customized solutions. The rise in R&D investments by leading OEMs and manufacturers has resulted in developments in automation control market for material handling. The rising need for automation control products with real-time and remote monitoring options will offer considerable growth opportunities for both the regional and global players in this automated material handling equipment market.
The leading vendors in the market are –
The other prominent vendors in the market are Accord Technologies, Analog Devices, CAN-ENG Furnaces International, Eaton, Flintec, GE, MEL Systems and Services, Mitsubhishi, OMRON, Rexroth Bosch, Schneider Electric, and Yokogawa Electric.
DCS or distributed control systems offer multi-disciplinary controllers for process control, custom applications, and business integration on single platform. DCS solutions are mainly used in process industries to enhance the overall efficiency and functioning. The development of IIoT-enabled DCS solutions offers opportunities to enhance material handling operations and improve asset management through remote M2M applications.
As per this market research report, the process industry will account for the maximum share of the automation control market for material handling until 2021. Process industries include oil and gas, chemical and petrochemical, food and beverages, power generation, and metals and mining sectors. The increasing need for automation control in material handling in the process industries and the rising R&D investments in automation control products by key vendors, will drive the growth of this automated material handling equipment market in this segment.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: MARKET SEGMENTATION BY END-USER
PART 08: REGIONAL LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
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