Resources
About Us
South East Asia Industrial Automation and Process Control Market by Product Type (DCS, PLC, SCADA, PLM), Industry Vertical (Textile, Oil and Gas, Food and Beverages, Life Sciences, Automotive, Packaging) - Industry Forecast to 2025
Report ID: MRSE - 10408 Pages: 210 Feb-2020 Formats*: PDF Category: Semiconductor and Electronics Delivery: 2 to 4 Hours Download Free Sample ReportThe Southeast Asia industrial Automation and Process Control market is expected to grow at a CAGR of 7.8% from 2019 to reach $4.97 billion by 2025. Industrial automation is incorporation of technologies and automatic control devices that results in automatic operation and control of several industrial processes without help of significant human interference in order to achieve superior performance than manual control. Automation mainly refers to the creation and application of technology to monitor and control the production and delivery of products and services. The growth in the Southeast Asia industrial automation and processing control market is primarily driven by factors, such as favorable government initiatives to promote the adoption of automated systems in various industrial verticals along with growing investments, increasing demand for automation from various manufacturing sectors, consistently increasing innovations particularly in industrial automation systems, and growing need for mass production with reduced operation cost.
Click here to: Get a Free Request Sample Copy of this report
Consistently increasing government initiatives for the adoption of automated systems in various industrial verticals in order to upgrade the skills of their workers to meet technology advancements principally in the fields of precision motion, electromechanical modules, and robotic applications expenditure have augmented the adoption of industrial automation and processing control technologies. These favorable initiatives along with increasing investments are expected to help organizations to modernize and automate the manufacturing process, upgrade the production capacity as well as capability, and minimize human intervention in extensive labor activities. The trend is anticipated to continue over the coming years as well, in turn fueling the overall growth of the industrial automation and processing control technologies market.
According to the Industry 4WRD: National Policy on Industry 4.0 report published by Ministry of International Trade and Industry, Government of Malaysia, in 2019, government launched policy on Industry 4.0 and allocated a budget of over $1.2 billion in order to help businesses to adopt Industry 4.0, that accelerate the adoption of smart technology such as automation, robotics, and artificial intelligence.
Technological advancements in industrial automation systems promoting the Southeast Asia industrial automation and process control market growth
Technological advancements in various advanced technologies such as Internet of Things (IoT), RFID, and Real-time Tracking System (RTLS) are playing significant role in the growth of industrial automation, which in turn, driving automation in manufacturing sector in Southeast Asia. Continually increasing developments in robotic technologies have certainly broadened the potential applications for smart industrial robots that encouraging the leading players in the industrial automation and processing control technology market to put more efforts towards enhancing the technology.
Growing adoption of product lifecycle management solutions to drive the market growth
Product lifecycle management (PLM) system have been widely used to integrate data, processes, business systems and, eventually, people in an extended enterprise that enable to manage product efficiently and cost-effectively. The growing adoption of PLM system for manufacturing industry, increasing innovations, superior design efficiency, reduced manufacturing cost and compliance risk is expected to encourage the growth of the industrial automation and processing control market during the forecast period.
Process industry expected to spearhead the industry growth
The increasing usage of robots and process manufacturing automated systems for the enhancement in quality and flexibility of the process is driving the demand for industrial automation and processing control technologies in process industry. In addition, high output and increased productivity have been two of the biggest factors nurturing the usage of automation, particularly in process industry in order to enhance efficiency and reduced compliance costs.
Vietnam: The fastest growing market
Vietnam is presently experiencing prominent growth in industrial automation and processing control technologies in various industries. This growth is largely driven by the increasing investments in high tech manufacturing industries, increasing demand for better-quality products, and growing adoption of automation systems and integrated process control systems. The increasing foreign investments, and growing adoption of automation in furniture, food processing, and electronics industry is also contributing to the growth of industrial automation and process control market in Vietnam.
Scope of the Report:
Market by Type
Market by Industry
Market by Geography:
Key Players
Some of the major players operating in the Southeast Asia industrial automation and process control market are Siemens (Germany), ABB (Switzerland), Fanuc Corporation (Japan), Rockwell Automation Inc. (U.S.), Emerson Electric Corporation (U.S.), Universal Robots (Denmark), Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), Honeywell International Inc. (U.S.), Panasonic Corporation (Japan), Eaton Corporation (Ireland), and Scott Automation and Robotics (Australia), among others.
Key questions answered in the report:
The growing demand for automation from various manufacturing sectors will propel the Southeast Asia industrial automation and process control market
Product lifecycle management witnessing a healthy growth
Southeast Asia industrial automation and processing control market holds significant growth opportunities in developing countries
Recent partnerships, acquisitions, and expansions have taken place in the Southeast Asia industrial automation and processing control market
Published Date: Aug-2024
Please enter corporate email id here & we’ll send you a free sample.
Subscribe to get the latest industry updates