The PAC programming software market is expected to witness a CAGR of 16%, over the forecast period of 2018-2023. The regions considered under the scope of the report include – North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Top Leading Manufactures-
Opto 22, National Instruments, Schneider Electric Co., Wonderware Software, Ascon Corporation, Rockwell Automation, Honeywell International Inc., Siemens Ag, Hitachi Ltd., Eaton Corporation, Mitsubishi Electric Corporation
Rising Industrial Automation Projected to Drive the Markets Growth
Industrial automation has facilitated the control over various operations of industries, without any significant intervention from operators, using various control devices. Manufacturers of automation devices have responded to the increased scope of requirements of modern industrial applications, with industrial control devices. These devices blend the advantages of PLC-style deterministic machine or process control, with the flexible configuration and enterprise integration strengths of PC-based systems, using a PAC (programmable automation controller). Some of the advanced technologies used in industrial automation involve – cascade controls, modern control hardware devices (such as PAC and PLC sensors), other final control devices, standalone computing system, communication system, and human-machine interfacing systems. The developing economies are the primary growth engines of the automation industry. Countries, such as China and India, are investing heavily on the development of several industries. In India, the National Manufacturing Policy leads to the creation of national investment and manufacturing zones, in addition to increasing manufacturing activities in the automation sector, to boost the demand for factory automation products.
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-February 2018 – Honeywell collaborated with Equate Petrochemical Company, a global producer of petrochemicals. The companies signed an MoU, for the development of technologies that support operations at Equate.
-November 2017 – Mitsubishi Electric Corporation developed a supervisory control and data acquisition (SCADA) software and industrial-use computers, which were incorporated in e-F@ctory-brand solutions, for Edge computing on production floors, where network edges and data sources intersect
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global PAC Programming Software Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2020 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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