INDUSTRIAL AUTOMATION AND CONTROL SYSTEMS MARKET ANALYSIS

Leading Companies

Global Industrial Automation and Control Systems Market: Key Developments

In March 2022, ABB announced to have received a contract of automating new greenfield plant of NatureWork in Thailand. ABB will be fulfilling the contract through supplying the software, hardware, and control room designs.

In May 2022, Emerson Electric Co. announced the launch of TopWorx DX Partial Stroke Test with HART 7, a new automation solution of the company that can increase safety and automation as it facilitates a separate emergency shutdown valve.

In December 2020, Honeywell International, Inc. announced the acquisition of Sparta Systems for US$ 1.3 billion in cash. This acquisition is expected to strengthen the service capability of Honeywell International, Inc. in industrial automation, enterprise performance management software, and digital transformation solutions for life science companies.

In March 2022, Kawasaki Heavy Industries, Ltd. announced the successful completion of verification tests for industrial automation with the use of a multi-use unmanned ground vehicle (MUGV). The company plans to make use of automated vehicle in their motorcycle production unit.

Global Industrial Automation and Control Systems Market: Key Companies Insights

The global industrial automation and control systems market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Some of the key players in the global industrial automation and control systems market are ABB, Emerson Electric Co., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., and Schneider Electric