logo
logo
Sign in

Electrical Automation Market: Mechatronic Products Adoption A Boon

avatar
Lohitha Reddy
Electrical Automation Market: Mechatronic Products Adoption A Boon

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).” This report covers Electrical Automation Market Size by Types and process, Electrical Automation Market share by top 5 companies and also the market share by start-ups during the forecast period. It also provides a detailed analysis of the competitive landscape, market trends, market drivers, market opportunities and strategic analysis of the global electrical automation market.

View Full Table of Contents of Electrical Automation Market:
https://www.industryarc.com/Report/18659/electrical-automation-market.html

Report Price (Single User): US $3850

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 are 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. The 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. The 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

Electrical automation enhances energy savings in modern intelligent building and ensure safe and consistent operation of various interconnected equipment.
Widespread application of electrical automation in power grid dispatching, substation, the distribution system and also in improving the production efficiency in power plants.
Energy conservation in the distribution line, reactive power compensating system, illuminating system, and light-current system are augmenting the significance of industrial electrical automation.
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.

Talk to one of our sales representatives about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=18659

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.

Related Reports:

A. Factory Automation Market
https://www.industryarc.com/Report/194/Factory-Automation-Electrical-Products-Market-Report.html

B. Automation Market
https://www.industryarc.com/Report/15493/automation-market.html

About IndustryARC:

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: +1-614-588-8538

collect
0
avatar
Lohitha Reddy
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more