Artificial Intelligence (AI) & Industrial Automation Revolutionizing the World

February 2020

Industrial Automation – Transforming Lives       

Braced up by machine learning and artificial intelligence (AI), automation has an impact on our daily lives. The seismic shift towards automation has transformed our daily routine. The adoption of smart home technology driven by IoT has made our homes smarter. We play our music by simply commanding a piece of hardware via voice command. Even the thermostats monitor our home environment, air conditioning and ventilation, and power down the heating in our absence.

Reshaping Industries with Automation

In the current scenario, the manufacturing sector is experiencing a gradual shift from manual assistance to automation, thereby giving birth to the term ‘industrial automation’. Most of the modern large-scale manufacturing operations are being automated which require minimum or zero human intervention. Industrial automation has become a prerequisite, with conventional manufacturing mechanisms becoming inadequate to meet the requirements.

The bolstering focus on economic diversification and favorable policies towards the manufacturing sector in the emerging markets are enabling industrial automation to reach out to a wider range of audiences. The adoption of the industrial internet of things (IIoT) is considered a major milestone achieved by the manufacturing sector. Automation has facilitated optimized production besides cost-effectiveness which has triggered its adoption across the globe.

Industrial automation – Stealing the Spotlight Globally

The industrial automation seems attractive with policies framed by the government to deploy automation across industries is predicted to foster the market globally. The growth of industrial automation is guided by the support extended in the favor of automation by several governments across country-level markets. For instance, the Chinese government is constantly funding for R&D for the adoption of IoT and industrial robots for smart factories. Manufacturers are constantly looking out for ways to transform their business operations globally across the value chain via process automation. Technological advancements in control, process monitoring, and industrial automation have helped to improve the productivity of the manufacturing industries across the globe.

Industrial automation encompasses several automation techniques like IT systems, robotics, manufacturing execution systems, control systems, and others. Human-machine interface, distributed control system (DCS), SCADA, conveyer belt, conveyance systems, and programmable logic controllers are the most commonly used automation equipment. All these aforementioned techniques play an integral part to reduce labor and manual requirement across processes, limits the risk of production hazards, and production cost, thus improving the throughput.

Industrial automation – The Regional Scenario

In a world of automation, human interference is gradually becoming obsolete with zero percent error. Europe, one of the largest markets for industrial automation is creating a huge impact on the automation industry. Led by Germany, Europe is estimated to retain its pole position in the long run. The market has captured sectors like chemicals, pharmaceuticals, power plants, oil and gas, pulp manager, petrochemicals, and mining which will enable the market to expand. Industrial automation has lowered operating cost, reduced wastage, minimized human error, besides quality production and faster product lifecycle, thereby increasing its adoption in the region.

Automation has transformed the way we live and has made our lives faster than ever before. ABB Ltd, Siemens AG, General Electric Company, Emerson Electronic Co, Honeywell International Inc., Schneider Electric SE, Yokogawa Electric, Mitsubishi Electric Corporation, Ametek Inc., Rockwell Automation Inc., and Fanuc Corporation are some of the prominent players offering industrial automation across the globe and making lives easier. Mitsubishi Electric Corporation has planned to fortify a latest test facility to integrate portfolio o technologies for net Zero Energy Buildings in Japan. The facility will enable the company to accelerate its evaluation, development, and demonstration of ZEB technologies in order to meet the surging demand for buildings.

For More Information, Visit: https://www.marketresearchfuture.com/reports/industrial-automation-market-2212

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