LONDON--(BUSINESS WIRE)--Technavio has been monitoring the industrial automation market in life sciences industry and it is poised to grow by USD 1.92 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Parker-Hannifin Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. are some of the major market participants. The demand for healthcare services will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Demand for healthcare services has been instrumental in driving the growth of the market.
Industrial Automation Market in Life Sciences Industry 2020-2024: Segmentation
Industrial Automation Market in Life Sciences Industry is segmented as below:
-
Product
- DCS
- SCADA
- PLC
- MES
-
Geography
- North America
- Europe
- APAC
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40901
Industrial Automation Market in Life Sciences Industry 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our industrial automation market in life sciences industry report covers the following areas:
- Industrial Automation Market in Life Sciences Industry size
- Industrial Automation Market in Life Sciences Industry trends
- Industrial Automation Market in Life Sciences Industry industry analysis
This study identifies open process automation as one of the prime reasons driving the growth of industrial automation market in life sciences industry during the next few years.
Industrial Automation Market in Life Sciences Industry 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the industrial automation market in life sciences industry, including some of the vendors such as ABB Ltd., Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Parker-Hannifin Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Backed with competitive intelligence and benchmarking, our research reports on the industrial automation market in life sciences industry are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Industrial Automation Market in Life Sciences Industry 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist the growth of the industrial automation market in life sciences industry during the next five years
- Estimation of the size of industrial automation market in life sciences industry and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the vendors in industrial automation market in life sciences industry
Table Of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- DCS - Market size and forecast 2019-2024
- SCADA - Market size and forecast 2019-2024
- PLC - Market size and forecast 2019-2024
- MES - Market size and forecast 2019-2024
- Market opportunity by Product
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- Mitsubishi Electric Corp.
- OMRON Corp.
- Parker-Hannifin Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
