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The integrated machine control systems market will register a CAGR of more than 7% by 2022
The integrated machine control systems market growth will accelerate during the next few years and the emerging economies in APAC will contribute to the major growth of this global market owing to the increasing number of industrial and commercial projects. Furthermore, APAC is expected to hold the largest share of the global integrated machine control systems market owing to the sustained adoption of the systems during the predicted period.
“More than 40% of the incremental growth will be from the APAC”, says a senior market research analyst at Technavio for the industrial automation industry. “As most end-user industries are increasingly automating their processes, the integration of PLC and HMI in machine control systems has resulted in a series of benefits of lean automation solutions in the industrial sector, in turn, driving the sales of integrated machine control systems.”
Eaton and Komatsu are among the leading companies in the integrated machine control systems market
The integrated machine control systems market is moderately fragmented with the presence of several established integrated machine control systems manufacturers focusing on introducing innovative products by incorporating advanced technologies including the IoT. This will further induce emerging players to launch differentiated products resulting in a more fragmented market where the level of competition is quite intense.
This integrated machine control systems market analysis provides a detailed assessment of various companies in the integrated machine control systems market including:
- Eaton
- Komatsu
- OMRON
- Robert Bosch
- Rockwell Automation
- Siemens
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Growing M&A in the construction industry is boosting the demand for integrated machine control systems market.
With the increasing objectives of companies to expand their business operations and tackling market competition, many companies in the global construction industry are encouraging M&A activities. As a result, to improve the market share and increase their cash inflows, the players are merging with other established players and acquiring emerging startups, which will further fuel the growth of the market positively during the predicted period.
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