Category Archives: Automation

DUBLIN, Feb. 23, 2022 /PRNewswire/ -- The "Global Automated Guided Vehicle Market (2021-2026) by Component, Type, Navigation Technology, Battery Type, Application, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Automated Guided Vehicle Market is estimated to be USD 2.31 Bn in 2021 and is expected to reach USD 3.62 Bn by 2026, growing at a CAGR of 9.4%.

Key factors such as the rapid growth of E-commerce and the need for automation in maritime applications for improvement drive market growth. The rise in demand for automation and increase in safety, accuracy, and productivity provide growth opportunities to the market. In addition, AGVs reduce labor costs from a long-term perspective in warehouses in many ways.

However, factors such as high investment cost and lack of flexibility are likely to restrain the market growth. Moreover, the availability of alternative autonomous mobile robots is a major challenge in the market.

Company Profiles

Some of the companies covered in this report are Savant Automation, Dematic, DF Automation & Robotics, E&K Automation, JBT, Kollmorgen, Konecranes, etc.

Countries Studied

Competitive Quadrant

Why buy this report?

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Influencers4.1 Drivers4.1.1 Rapid Growth of E-commerce and Mass Production4.1.2 Increasing Safety Precautions and Regulations in Workplace 4.1.3 Demand for Automation and Material Handling Processes Across Industries 4.2 Restraints4.2.1 High Initial Investment Costs4.2.2 Lack of Flexibility and Obstacle Resistance 4.2.3 Availability of Autonomous Mobile Robot4.3 Opportunities4.3.1 Rise in demand for automation by SMEs 4.3.2 Adoption of 4.0 Technologies 4.4 Challenges4.4.1 Low Labour Cost in Emerging and Developing Countries

5 Market Analysis5.1 Regulatory Scenario5.2 Porter's Five Forces Analysis5.3 Impact of COVID-195.4 Ansoff Matrix Analysis

6 Global Automated Guided Vehicle Market, By Components6.1 Introduction6.2 Software 6.3 Hardware 6.4 Services

7 Global Automated Guided Vehicle Market, By Type7.1 Introduction 7.2 Automated Guided Carts 7.3 Forklift AGVs 7.4 Towing AGVs 7.5 Unit Load Handlers 7.6 Heavy Burden Carriers 7.7 Others

8 Global Automated Guided Vehicle Market, By Navigation Technology8.1 Introduction 8.2 Magnetic Guidance8.3 Laser Guidance8.4 Vision Guidance8.5 Optical Tape Guidance8.6 Inductive Guidance 8.7 Others

9 Global Automated Guided Vehicle Market, By Battery Type9.1 Introduction9.2 Lead9.3 Lithium Ion9.4 Nickel Based 9.5 Others

10 Global Automated Guided Vehicle Market, By Application10.1 Introduction 10.2 Raw Material Handling10.3 Work in Process Movement10.4 Pallet Handling10.5 Finished Product Handling 10.6 Hazardous Materials Handling 10.7 Others

11 Global Automated Guided Vehicle Market, By Industry11.1 Introduction 11.2 Automotive 11.3 Healthcare11.4 Manufacturing11.5 Logistics11.6 Retail & E-commerce11.7 Food & Beverages11.8 Paper & Printing11.9 Chemical 11.10 Aviation 11.11 Others

12 Global Automated Guided Vehicle Market, By Geography

13 Competitive Landscape13.1 Competitive Quadrant13.2 Market Share Analysis13.3 Strategic Initiatives13.3.1 M&A and Investments13.3.2 Partnerships and Collaborations13.3.3 Product Developments and Improvements

14 Company Profiles 14.1 DF Automation & Robotics14.2 E&K Automation14.3 JBT14.4 Daifuku14.5 Dematic14.6 Eckhart14.7 Irwin Car14.8 Jungheinrich14.9 Kollmorgen14.10 Konecranes14.11 KUKA14.12 Lodige Industries 14.13 Murata Machinery14.14 Oceaneering International14.15 Savant Automation14.16 Scaglia Indeva14.17 Schaefer Systems International14.18 Scott14.19 Siemens14.20 Toyota14.21 VDL 14.22 WEWO Techmotion

15 Appendix

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Insights on the Automated Guided Vehicle Global Market to 2026 - Rise in Demand for Automation by SMEs Presents Opportunities - PRNewswire

DUBLIN--(BUSINESS WIRE)--The "Global Smart Machines in Enterprise, Industrial Automation, and IIoT by Technology, Product, Solution, and Industry Verticals 2022-2027" report has been added to ResearchAndMarkets.com's offering.

This report evaluates the smart machine market ecosystem including technology building blocks, leading company strategies, products, and services. The report evaluates various smart machine solutions, products, and services including autonomous robots, expert systems, intelligent assistants, neurocomputers, and wearable devices.

This report also evaluates the hardware, embedded software, and related services for smart machines. The report also assesses the market for smart machines in many industry verticals including aerospace and defense, automotive, banking, consumer electronics, healthcare, industrial automation, cybersecurity, transportation, and logistics with forecasts from 2022 through 2027.

Select Research Findings

Smart machines collectively represent intelligent devices, machinery, equipment, and embedded automation software that perform repetitive tasks and solve complex problems autonomously. Along with AI, IoT connectivity, and M2M communications, smart machines are a key component of smart systems, which include many emerging technologies such as smart dust, neurocomputing, and advanced robotics. Smart machines will also benefit significantly from advancements in the convergence of AI and IoT, also known as the artificial intelligence of things (AIoT).

The drivers for enterprise and industrial adoption of smart machines include improvements in the smart workplace, smart data discovery, cognitive automation, and more. Currently conceived smart machine products include autonomous robots (such as service robots), self-driving vehicles, expert systems (such as medical decision support systems), medical robots, intelligent assistants (such as automated online assistants), virtual private assistants (Siri, Google Assistant, Amazon Alexa, etc.), embedded software systems (such as machine monitoring and control systems), neurocomputers (such as purpose-built intelligent machines), and smart wearable devices.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Smart Machine Ecosystem

3.1 Cognitive Computing and Artificial Intelligence

3.2 Sensor Networks and Smart Dust

3.3 Application Specific Algorithm and Machine Learning

3.4 Purpose Built Smart Machines and Neurocomputer

3.5 Intelligent Automation and Robotic Process Automation

3.6 Industrial Automation System

3.7 Workplace Automation Systems

3.8 IoT and Smart Systems

3.9 5G, MEC, and Cloud Computing

4 Smart Machine Use Cases

4.1 Artificial Intelligence is Transforming ERP Solutions

4.2 Enabling IT Personnel to Focus on Strategic Tasks

4.3 Automation of a Manual Sub-Assembly Process in a Car Manufacturing Plant

4.4 Robotic Process Automation

4.5 Automation in the Workplace

5 Smart Machine Market Drivers and Challenges

6 Smart Machine Market Analysis and Forecasts

6.1 Global Market Forecast 2022 - 2027

6.2 Regional Market Forecast 2022 - 2027

7 Company Analysis

For more information about this report visit https://www.researchandmarkets.com/r/lq3zj1

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Global Smart Machines in Enterprise, Industrial Automation and IIoT 2022-2027: Asia-Pacific will Lead the Smart Machines Market by $12.7 billion by...

GREENVILLE, S.C.--(BUSINESS WIRE)--aeSolutions, a consulting, engineering, and systems integration company that provides industrial process safety and automation products and services, today announced company milestones achieved and overall performance for 2021. The companys significant achievements included outstanding client retention, several key hires to help propel the company into the future, and the release of its newest offering, aeAlarm.

In looking back at 2021, aeSolutions emerged smarter, stronger, more focused and even better positioned to serve our clients and partners, said Ken OMalley, president of aeSolutions. aeSolutions remains unparalleled in the industry when it comes to helping industrial clients achieve their risk management and operational excellence goals through our expertise in integrating process safety and automation. Our adaptability and capacity to pivot have demonstrated to our clients that we are a trusted partner and service provider, and they can rely on us to offer continuity and excellence even in difficult times.

In a year of continued challenges, aeSolutions enjoyed significant repeat business from 72% of its existing clients, a 3% increase over 2020. Furthermore, 43% of the companys business came from new clients.

Over the past two decades, aeSolutions has focused on growing a solid technical team and delivering resilient solutions to industries toughest challenges. To address both, the company has begun offering its clients Front End Loading (FEL) conceptual design services that integrate the expertise of all of its service lines rather than aligning under individual solution silos. aeSolutions has endeavored to streamline its product offerings by organizing around these market-facing teams, which has also meant developing strategic plans and raising the bar on project execution and delivery expertise. As a result, aeSolutions clients are better equipped to select the optimum design options for their capital projects.

OMalley went on to add, We have seen an uptick in clients seeking our support for projects that had been put on hold, as well as an increase in clients looking to us to bolster their reduced staff and take broader ownership of projects that would have been typically executed in-house. We are excited to continue strengthening relationships with our current clients and look forward to building relationships with the new.

As the pandemic continued into 2021, aeSolutions remained committed to hiring and developing the best talent, regardless of location; as such, the company continues to offer opportunities to work remotely. Additionally, the firm restarted its intern program and initiated the Rapid Skills Development program, designed to accelerate the process by which staff members who are early in their career become engaged in project work.

Key Personnel AppointmentsThe business added several key hires during 2021.

aeSolutions Launches Proprietary aeAlarm Rationalization ToolIn response to a growing market need, aeAlarm was created to support the alarm rationalization process by providing a clear and concise approach to critical alarm documentation. aeAlarm is a control system platform agnostic and is adaptable across all industrial sectors. It is effective for projects of all types and sizes, including small project rationalizations and large site-wide efforts. Additionally, the tool creates a platform to compile process safety information and generates customized reports and tables to expedite data tracking for site-specific Key Performance Indicators (KPIs).

Plans for 2022Heading into the coming year, aeSolutions will continue to strengthen its position as a valued partner to the worlds process manufacturers as they seek to conduct smarter, more resilient industrial operations and contribute to safer communities. To accomplish that, the firm will embrace and expand its renewed emphasis on core consulting and engineering expertise and focus on the growth and expansion of its core business of providing industrial markets with resilient solutions that integrate process safety and automation.

The goals for the company will include significant growth in headcount across all expertise areas in the first six months of the year and to continue to foster a culture and expectation of continual professional and personal growth. Through the development of the company and its stakeholders, aeSolutions aspires to enhance the way its stakeholders think about the relationship between customer and supplier, to advance the understanding that it is a relationship built on trust, and to have the embodiment of those ideals result in an excellent experience for the customer.

About aeSolutionsIn business since 1998, aeSolutions is a consulting, engineering, and systems integration company that provides industrial process safety and automation products and services. They specialize in helping industrial clients achieve their risk management and operational excellence goals through expertise in process safety, combustion control and safeguarding, safety instrumented systems, control system design and integration, alarm management, and related operations and integrity management systems. For more information, visit http://www.aesolutions.com.

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Industrial Process Safety and Automation Company aeSolutions Achieves Year of Outstanding Growth and Client Retention - Business Wire

The following article is an opinion piece written by Rich Ellson. The views and opinions expressed in this article are those of the author and do not necessarily reflect the official position of Technology Networks.

Sophisticated lab instruments let us do things we could hardly have imagined a decade ago. Researchers, from biopharma and biotech to universities and governments, are investing in lab instruments and techniques that speed up their research. Easy automation, improved workflows and miniaturized experiments combine for fast and accurate results. These exciting trends in the lab promise to grow in the coming years.

Lab instruments are ever more automated. That means less manual work and fewer errors as well as greater speed, accuracy and flexibility. Liquid handlers used across a wide range of research are my specialty. Some piston-based liquid handlers have made striking advancements. Some have onboard cameras to check that reagents are loaded correctly for complex experiments. Some use advanced automation to move materials without the need for a researcher to be present.

Automated instruments streamline and speed up workflows. The challenge and opportunity is that automating one element invariably presents new bottlenecks to solve. For example, the ability to combine many compounds using automation makes work go faster, but it may also require automated ordering. This in turn may streamline work to the point of requiring new methods of data collection and analysis. The trick is to determine the required level of automation for a given workflow and to address the outcomes that might occurwhich, though challenging, is a good problem to have.

I helped develop a liquid handler that uses sound waves to move liquids in the most complex of protocols. This acoustic liquid handler transfers nano- to micro-liter volumes for unprecedented miniaturization.

Automation, particularly for acoustic liquid handlers, is synergistic with miniaturization. The miniaturization of lab workflows can speed processes by a factor of 100. For example, Golden Gate and Gibson DNA assemblies and the polymerase chain reaction move from the microliter to the nanoliter scale. When working with smaller quantities, processes tend to get faster. Whats more, they get more accurate and cheaper, cutting reagent costs by 20- to 100-fold. At that point, the sky is the limit. Innovative, outside-the-box applications now become possible.

A great example of a non-intuitive application of automation and miniaturization is in the food industry. Traditionally, male chicks are destroyed soon after hatching because they are not valuable to the industry. Sexing was not feasible until after hatching. The resultant destruction of the male chicks raises ethical concerns. Furthermore, post-hatch sexing doubles required energy requirements and incubation space. An automated method now exists to sex the egg, using an instrument to extract a minuscule amount of fluid to analyze for biomarkers. The instrument determines the sex of the egg within a second and the male eggs are used for other purposes.

Its not easy to dream up new applications, because they require innovative mental leaps. But as we envision and embrace the possibilities of increased automation and miniaturization, we will have more personalized medicine, better diagnostics, less expensive and more readily available testing methods, and so on. More knowledge means the development of applications that can change behaviors and practicesand this is when human (and animal) health really begins to shift.

Before the pandemic, the world was moving slowly and somewhat unevenly toward remote work. COVID-19 was a shockwave that accelerated the shift. Now, many employees prefer to work from home, and companies are letting them. Though lab work does not seem to be amenable to remote work, thanks to sophisticated and automated instruments, researchers can be as productive at home as they are in the lab. For instance, a researcher can set up a complex multi-component experiment and walk away. The researcher can start and monitor the work from home, with no need to return to the lab for hours or days.

Some instruments are so intelligent that they can contact the service department for maintenance, part replacement or troubleshooting. These capabilities allow the researcher to focus on larger scale thinking and planning rather than minutia.

Virtual labs, remote labs and cloud labs are all extensions of the remote work movement. In these models, a researcher can remotely send instructions for an experiment run on the other side of the world. This is especially useful for smaller companies that may not have the required equipment or materials in-house. Companies are now building tools to manage experiments in cloud labs, closing the gap between user and service provider. The ecosystem is getting very interesting, and large sums of money are being invested in these new models. We will continue to see development along these lines in the coming years.

Older techniques are being revitalized via both automation and miniaturization. For instance, flow cytometers, which sort cells by surface biomarkers, were large, cumbersome instruments requiring extensive hands-on time. Despite the utility of cytometers, some labs shipped their cell sorting to core labs. It was not practical to have one in-house. But now some flow cytometers fit the benchtop, require less labor and are more versatile. While not fully automated, the improvements are significant. Labs that outsourced their work now perform it in-house. This has returned control to the lab and convenience to the researcher.

Likewise, instruments used for DNA cleanup have not been updated in 30 years. Their operation required constant attention and hundreds of touchpoints. Now a small, toaster-sized instrument updates the process. It reduces touchpoints, eliminates mundane tasks and lets researchers spend time in more useful ways.

The future of life science research is bright. Sophisticated instruments with greater capabilities will illuminate new understanding in biology. The interdisciplinary collaboration we foster here will make the tools both richer and more streamlined. My team and others will continue to build new automated instruments for miniaturized work. We will work with our partners and collaborators to determine their needs and visions. With our groundbreaking tools, investigators will transform life science research in fundamental ways.

Original post:

How Automation Will Take Scientific Innovation to New Heights - Technology Networks

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Process Automation Market in Europe: Segmentation Analysis

Technavio analyzes the process automation market in Europe by type (discrete automation and process automation) and geography (Germany, UK, France, and the Rest of Europe).

By type, the market will witness significant growth in the discrete automation segment during the forecast period. Discrete automation divides manufacturing into bits then brings them all together to make autonomous goods, thus enabling manufacturers to measure each process. Such benefits are driving the growth of the segment.

By geography, Germany will offer significant growth opportunities for market players. The increasing adoption of automation in the manufacturing sector and rising investments in AI technologies are driving the growth of the regional market. In addition, the rising popularity of collaborative robots in the automotive industry is expected to positively influence the growth of the process automation market in Europe.

The process automation market in Europe covers the following areas:

Process Automation Market SizingProcess Automation Market ForecastProcess Automation Market Analysis

Process Automation Market in Europe: Key drivers

The rising demand for process automation in the healthcare industry will be crucial in driving the growth of the market. The growing shortage of labor in the healthcare industry, hospitals, and clinics has forced end-users to adopt automated technologies. These technologies eliminate human errors and ensure efficient handling of medical goods and prevent delays or stock-outs of key items. Also, automation technologies enable healthcare companies to adhere to various regulatory standards and lower operational expenses. Many such benefits are increasing the adoption of automation technologies in healthcare technology, thereby driving the growth of the market.

In addition, the virtualization of automation systems will further accelerate the growth of the market during the forecast period. However, infrastructure and customization issues will reduce the growth potential of market players.

Get more highlights on major segments, regions, and other factors influencing the market growth.Download a Free Sample

Companies Mentioned

ABB Ltd.:The company offers process automation products such as Control Systems, PLC, and Industrial Analytics and AI.

Eaton Corp. Plc:The company offers process automation products such as Easy Control Relays, Easy Safety Relays, and Touch Panel HMI/PLC.

Emerson Electric Co.:The company offers process automation products such as programmable automation controllers, motion control, and automation software.

General Electric Co.:The company offers process automation and control services for power plants.

Honeywell International Inc.: The company offers process automation products such as Control and Supervisory Systems, Field Instruments, and Process Instruments products.

Grab our Free Sample to uncover other dominant players listed in our full report.

Related Reports:Infrastructure Monitoring Market by Technology and Geography - Forecast and Analysis 2022-2026

Digital Process Automation Market by Deployment and Geography - Forecast and Analysis 2022-2026

Process Automation Market in Europe Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 6.04%

Market growth 2022-2026

USD 2.43 billion

Market structure

Fragmented

YoY growth (%)

6.81

Regional analysis

Germany, UK, France, and Rest of Europe

Performing market contribution

Germany at 39%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Type

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: http://www.technavio.com/

SOURCE Technavio

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Process Automation Market in Europe to grow by USD 2.43 Bn | Maximum growth opportunities expected in German market | Technavio - PRNewswire

As the use of mobile technologies such as augmented reality and autonomous mobile robots in manufacturing continues to grow, wireless connectivity on the plant floor is fast becoming an imperative. In addition to making non-fixed automation possible, wireless networks also allow end users to integrate data more easily from large quantities of connected devices spread over a wide area.

However, traditional Wi-Fi may lack the efficiency, security, and control that mission-critical operations require. For instance, in legacy environments that were not designed with wireless connectivity in mind, fluctuations in temperature, humidity, moisture, and vibration, machines that give off an electrostatic charge, and even the placement of metal or glass walls may interfere with the transmission of reliable wireless signals. High device density may also compromise reliability in settings where hundreds or even thousands of sensors may need to be connected to the network. Moreover, the limited range of Wi-Fi may not be suitable for the scale of many industrial operations.

As a result, many manufacturers are turning to private cellular networkssome of which employ 5Gto provide connectivity in their facilities. One such example is British Sugar, which has recently partnered with telecommunications company Virgin Media 02 Business and Nokia to roll out a 4G private cellular network across multiple factory sites spanning a large geographical area. The network is being adopted in conjunction with British Sugars Factories of The Future upgrade initiative.

According to British Sugar, the new network will allow them to more effectively introduce new technologies such as artificial intelligence (AI), automated production lines, robots, and drones. AI will be used to monitor factory operations in real-time and predict maintenance and potential downtime in advance, reducing waste and downtime and cutting costs. Going forward, the company plans to further embrace Industry 4.0 through a planned seven-year partnership with Virgin Media 02 Business and Nokia. Currently, more than 15 digital manufacturing use cases have been planned for British Sugars 4G network, which has been designed to be easily upgradable to 5G.

During testing we were encouraged by the early results seen and as we have begun to roll out the targeted priority use cases to our users; they have been quick to give feedback about the time savings they have seenwith new plant commissioning, plant testing and day-to-day diagnostic processes being highlighted in particular, said Nick Smalley, program manager at British Sugar.

Cellular networkswhether 4G or 5Ghave several advantages over Wi-Fi for operators of expansive industrial facilities. For one, they provide broader coverage with fewer access points, granting end users the network range they need. Beyond that, they have a higher end-device capacity, meaning that the integration of many connected devices will not interfere with reliability. Finally, cellular networks have built-in encryption, and require that end-devices have a SIM (subscriber identification module) card to connect, which limits points of entry and bolsters cybersecurity.

While these benefits can be attained from a public cellular network, a dedicated private network tailored specifically to British Sugars operational needs can provide better coverage and more reliable performance, since it does not require its bandwidth be shared with others. Furthermore, it allows the company to maintain internal control of its confidential data.

Originally posted here:

British Sugar Factories of The Future 4g Private Network - Automation World

DUBAI, UAE, Feb. 22, 2022 /PRNewswire/ -- The globalIndustrial Automation Marketis expected to have a significant CAGR of 7% during the forecast period to reach a valuation of US$ 51 Bn by 2026, up from US$ 36 Bn in 2021.

The efficient flow of information across multiple units in anindustryallows for the most efficient conversion of raw materials to completed goods, emphasizing the importance of the connected enterprise system, which is a primary driver for theindustrial automationmarket.

Attributes

Details

Industrial Automation Market CAGR (2022 2032)

7%

Industrial Automation Market (2026)

US$ 51 Bn

Industrial Automation Market Attraction

Demand for real-time analysis of data to underpin growth of the market.

Theindustrial automation market growthcan be attributed to rising demand for real-time data analysis across geographies and increased adoption of cutting-edge technology across end-use industries to improve performance.

The significance of predictive maintenance and asset management solutions, which provide users with better visibility into their equipment condition, is accelerating thedemand for industrial automation solutions.

The efficient flow of information across different units in an industry allows for the most efficient conversion of raw materials to finished goods, highlighting the significance of the connected enterprise system, which augurs well forindustrial automation market future trends.

Request a report sample to gain comprehensive insights at: https://www.futuremarketinsights.com/reports/sample/rep-gb-14308

Industrial automation solutions adoption trendsare likely to be favoured by governments across the world as they are focusing on the development of process and distinct industries by launching a variety of initiatives and plans backed by investments to boost productivity.

Manufacturers can gain real-time access to plant floor data enabled byindustrial computing and automationtechnologies, which helps them centralize business data and multi-plant operations, thereby surging thesales of the industrial automation solutions.

As per the industrial automation market study, theindustrial automation market sizeis estimated to be aboutUS$ 51 Bnby 2026.

Key Takeaways:

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"The Asia Pacific region controls most of the global industrial automation market. The market is expanding positively and is expected to continue doing so on account ofsmart manufacturing and automation, and integration with the current manufacturing environment. Furthermore, the growing number of application areas, as well as the strong presence ofindustrial automation services companiesand the developing economies of Asian countries, all contribute to the market's growth." says an FMI researcher.

Competitive Landscape:

The industrial automation market appears to be highly competitive. Several well-established machine automation technologies providers form a solid competitive landscape.

These market participants attempt to maintain their positions by investing in collaboration, mergers and acquisitions, partnerships, product/technology launches, and expansion.

These strategies assist market participants in gaining a more significantindustrial automation market shareand meeting their expansion plans. They are primarily concerned with newtechnology advancements in industrial automation.

The market would be subjected to constant innovations and developments, intensifying competition amongtop industrial automation system integrators.

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Recent Developments in the Industrial Automation Marketinclude:

Key Segments

By Deployment:

By Component:

By End-use Industry:

Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-14308

Key Questions Answered in the Report

Top Reports Related To Industrial Automation Market Insights

Industrial Robotics Market:Rising emphasis on enhancing the productivity of high-volume production lines, particularly in the manufacturing of semi-conductors and electronic devices is favoring the growth in the market.

Refrigeration and Air Conditioning Compressors Market: Rising adoption of refrigeration and air conditioning compressors for various applications will increase the sales at a CAGR of2.7%, reaching a valuation ofUS$ 41.2 Bnby 2029.

About Future Market Insights (FMI)

Future Market Insights (FMI)is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latestmarket research reportsand industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized andsyndicated market research reportsdeliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Future Market Insights,1602-6 Jumeirah Bay X2 Tower,Plot No: JLT-PH2-X2A,Jumeirah Lakes Towers, Dubai,United Arab EmiratesFor Sales Enquiries:[emailprotected] For Media Enquiries:[emailprotected] Website:https://www.futuremarketinsights.com/ Report:https://www.futuremarketinsights.com/reports/industrial-automation-marketPress Release Source:https://www.futuremarketinsights.com/press-release/industrial-automation-market

SOURCE Future Market Insights

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Industrial Automation Market poised to attain US$ 51 Bn by 2026 at 7.0% CAGR by 2032, Says FMI - PRNewswire

RIOS Intelligent Machines, a startup developing artificial intelligence-powered robotic workcells for factory automation, has raised $28 million in Series A equity funding and debt financing.

This new round of funding, together with a $5 million venture round back in 2020, raise RIOS total capitalization to $33 million.

The oversubscribed Series A round was led by new deep tech investor Main Sequence, along with new major investors Yamaha Motor Ventures, Orbit Venture Partners, Hypertherm Ventures, and strong participation from existing investors Valley Capital Partners, Morpheus Ventures, Grit Ventures, and others.

Mike Zimmerman, partner at Main Sequence, is joining RIOS board of directors, and Anish Patel, Yamaha Motor Ventures COO and managing director, has joined as a board observer.

RIOS helps enterprises automate their factory assembly lines, warehouses or supply chain operations, by deploying its AI-powered robotic workcells on the factory floor.

Its robotic workcells are currently deployed in the United States in the manufacturing, consumer packaged goods, and food and beverage sectors.

RIOS pioneered the robots-as-a-service (RaaS) business model for robotic workcells well before other automation providers, and currently offers its robotic workforce through a factory automation-as-a-service agreement, in which customers have no upfront capital commitments.

The company has signed agreements with over a dozen customers in the US and Japan, from mid-size businesses to large enterprises. The new capital will be used to deploy its robotic fleet at scale to both new and existing customers.

Dr Bernard Casse, RIOS CEO, says: Bedrock sectors of our economy are crippled by a labor shortage problem that Covid turned into a full-blown crisis. Today, most factories in the world are labor-intensive, and with millions of jobs unfilled, manufacturers are unable to keep up with skyrocketing consumer demand and they are in extreme pain.

We have the cure to this trillion-dollar opportunity. Were re-industrializing America with best-in-class American technology, while upskilling our American workforce in the process and enabling them to access higher-level and better-paying jobs.

RIOS focuses on the last frontier of automation in factories, in which traditional automation breaks down. It has built a new breed of robots possessing unparalleled levels of dexterity, cognitive skills and autonomy, which are geared up to tackle hard-to-automate tasks in unstructured environments.

Today, the company has engineered some of the most sophisticated hardware and software and artificial intelligence platforms in the robotics space, which includes human-like tactile sensors for robots, haptics intelligence platform, and highest performance end-of-arm tooling.

Steve OHara, Managing Partner at Valley Capital Partners and a board member of RIOS, says: We are pleased to see the tremendous growth at RIOS since our initial investment.

From day one we were impressed with the RIOS team and believed their data-focused and full-stack technology approach would help differentiate them quickly as the demand for automation services grew.

We are excited to see how quickly their pipeline has grown, far exceeding our expectations from a robotics company at their size and stage and couldnt be more excited to continue to partner with Bernard and his team to build a world-class technology company.

RIOS value proposition to its customers are production-grade machines that meet throughputs and KPIs, are easy to use, have practically zero downtime, and can be integrated within their existing workflows. RIOS solutions offering comes with the fastest delivery on the planet and a premier customer experience.

RIOS business proposition and superior technology stack allows manufacturers of all sizes to access world-leading automation with no capital investment, helping them to reliably scale to meet their growing demand.

Mike Zimmerman, lead investor, says: RIOS combination of RaaS business model and adaptable end-to-end robotic workcell platform is the ideal answer to the labor and supply chain challenges facing manufacturers around the globe. Main Sequence was attracted to RIOS strong market traction, positive customer feedback and world-class team.

Were also thrilled that RIOS is strategically tapping into Australias ecosystem of industry experts, research institutions, and commercial companies to both commercialize innovative robotic technologies and get early access to the Australian market.

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RIOS raises $28 million to automate 'old-line industries' with AI robotic workcells - Robotics and Automation News

Leading Internet-of-Things (IoT) vendors are adopting OPC UA technology for edge-to-cloud applications. The growing list includes Amazon Web Services (AWS), Google Cloud, IBM, Microsoft, SAP and SIEMENS.

Key drivers behind this progression are, first and foremost, the global adoption of OPC UA as the open standard of choice for secure production-system interoperability across OT and IT networks, leveraging standardized data exchange. As such, there are over 850 registered OPC Foundation members supporting a large, rapidly growing eco-system of end-users, standards bodies, and vendors.

Second, OPC UA uses a standardized method of defining, discovering, and using Information Models (IMs) and services associated with the production systems. This standardized approach to semantic information sharing prevents vendor lock-in and costly custom programming needed for non-standard IM ingestion in the cloud. With the launch of the UA Cloud Library, OPC UA IMs are globally available to all cloud applications, making it easy for cloud applications to directly utilize OPC UA-based semantic information as well as live data coming from the edge.

Third, as a transport-agnostic, IEC standard, OPC UA is supporting two different communication patterns: Client/Server (over e.g. TCP or WebSockets) as well as Publish/Subscribe (over e.g. UDP or MQTT) to meet different industry requirements from the production systems to edge and cloud scenarios.

Fourth, the quality assurance program of the OPC Foundation extends to the OPC UA Publish/Subscribe communication patterns and forms the first multi-vendor, multi-cloud standard. Interoperability workshops, including leading PLC vendors, like Beckhoff and Siemens, sending OPC UA data from the controller, over MQTT, have already started.

Fifth, end users benefit from and eagerly welcome the commitment from major IoT vendors that support OPC UA as a standard for IoT communications. Stefan Hoppe, President of the OPC Foundation says: Its thrilling to see that OPC UA is the one solution harmonized for process and factory automation, scaling from field to cloud (and back). The continued vision of the OPC Foundation to establish OPC UA as THE open standard of choice for data interoperability throughout the world of automation started and flourished with controllers and visualization systems and has now reached IT & the cloud. This will lead to a further growth of the open eco-system, based on OPC UA.

The criteria for companies to be listed with these features is that they either support OPC UA over MQTT in their products today or that it is on their development roadmap.

See the testimonials from IT/OT companies:

AWSSanat Joshi, Managing Director, Manufacturing Industry Solutions, AWS:AWS understands the complexity of industrial data connectivity and the challenges manufacturers and industrial customers face implementing IIoT and Industry 4.0 applications. This is why AWS has a portfolio of services that extend cloud functionality into industrial operations to provide industrial edge capability. With AWS IoT Greengrass and SiteWise connecter, manufacturers can securely ingest OPC UA-based data onto AWS with open data access for real-time visualization, analytics, and machine learning to drive operational efficiencies, innovation, scalability, and agility.

BECKHOFFSven Goldstein, Product manager Connectivity, BECKHOFF:Beckhoff is the first automation vendor to support OPC UA Pub/Sub using both UDP and MQTT. The requirement to connect industrial assets in a secured and standardized format to the cloud is of utmost importance and an emerging topic in all industry sectors. With its PC-based control architecture, Beckhoff can easily adapt new communication technologies to enable machine builders to connect their assets directly to the cloud.

Google CloudCharlie Sheridan, Global Technical Directory Manufacturing, Automotive & Energy - Google Cloud:"Google Cloud is committed to openness and industry collaboration. By contributing to and leveraging the OPC UA Cloud Library, we can enable "cloud-based" access to OPC UA information models for our customers and partners. OPC UA will be our way of incorporating machine data into our data analytics and AI capabilities, to ultimately deliver on the promise of accessible data and easy-to-use AI across factories."

IBMUlas Cubuk, IBM App Connect for Manufacturing Product Manager, IBM:"IBM has a long-running partnership with OPC Foundation. OPC Foundations dedication to ensuring interoperability in automation was the number one choice for this partnership. We had a long journey in helping our customers to build patterns to publicize OPC UA messages via MQTT. Now we want to step up this game by adapting the OPC UA PubSub specification."

MicrosoftErich Barnstedt, Chief Architect Standards & Consortia, Azure IoT, Microsoft Corporation: Microsoft was the first vendor to support OPC UA PubSub over MQTT when we launched Microsoft OPC Publisher in 2016. Additionally, Microsoft has been working with the OPC Foundation on the OPC UA PubSub specification since the beginning.

SAPClaudius Link, Senior Vice President Engineering Manufacturing and Industrial IoT at SAP SE: SAP welcomes the evolution of standards to solve issues in the customers reality today, hybrid cloud and edge computing solutions are becoming the norm and the basis for many customers to accelerate their digital transformation. As a member of the OPC Foundation, SAP is committed to simplifying the integration of industrial and business operations, based on open communication patterns as defined by the OPC Foundation.

SiemensMelanie Ruhe, Head of Global Product Management MindSphere:Siemens Mindsphere is fully committed to OPC UA with its powerful data modelling capabilities and rich platform services to effortlessly connect shopfloor devices.

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Leading IoT Vendors Commit to OPC UA Adoption - Automation World

FRISCO, Texas, Feb. 23, 2022 /PRNewswire/ --Redwood Software and Advanced Systems Concepts, Inc. (ASCI) leaders in business and IT process automation today announced their merger and the addition of several new senior executives to its leadership team. The combination solidifies Redwood Software's position as the leader in business and IT process automation, now with the richest suite of automation capabilities, global reach and a world-class 24/7 dedicated customer success network.

Turn/River began consolidating these teams in 2019 when it acquired Advanced Systems Concepts, Inc. It added JSCAPE, a leading managed file transfer (MFT) platform, in 2020. Redwood is the latest acquisition, joining the platform in 2021. The combined companies will move forward as Redwood Software. ASCI's ActiveBatch and JSCAPE products will continue as distinct brands of Redwood Software, together with Redwood Software's leading cloud-based platform, RunMyJobs, the only workload automation solution specifically designed for the cloud.

"We see a huge untapped opportunity in the automation market that Redwood Software serves," said Matt Amico, a Turn/River principal and member of the Redwood Board of Directors. "By joining forces, we will redefine what's possible for enterprise customers looking to transform their mission critical operations with an intelligent, extensible and reliable suite of automation solutions that serve the entire enterprise automating processes from IT to finance to HR."

Additionally, the company announced significant expansions to its executive ranks. Kevin Greene, the former software chief at Logi Analytics, has joined as Redwood Software's new CEO. Joining Greene are Ashish Joshi, serving as Redwood's COO and CFO, Abhijit Kakhandiki as its Chief Product Officer, and Patty Donnelly as its Chief People Officer.

"We're thrilled to be joining this one Redwood team," said Redwood CEO Kevin Greene. "We've seen few companies facing such a large opportunity to impact so many mission-critical enterprise operations. By joining forces, our global reach will now empower us to redefine what's possible, bringing together the industry's top business process and automation engineering minds with unparalleled customer success."

Greene joined Redwood last month and is leading this next phase of growth for the company. He has more than 25 years of experience as an operator, investor and banker working with breakthrough enterprise software companies, including most recently as CEO of Logi Analytics. Prior to that, he spent 16 years in various venture capital, operating and investment banking roles at Valhalla Partners, Flagship Ventures, IBM and Goldman Sachs.

Joshi joins Redwood after serving as CFO for Optiva, a public company listed on the Toronto Stock Exchange. He has more than 20 years of experience as a finance and operations leader at Dell Technologies, GE Capital, Colfax Corporation and Go2Activity.

Kakhandiki joins Redwood and brings more than 30 years of deep product knowledge in the automation space. Most notably, he led product development as EVP of Product and Engineering at Automation Anywhere.

Donnelly brings more than 30 years of HR and talent management experience working with organizations ranging from high-growth entrepreneurial environments to large global companies. She's held leadership positions at Logi Analytics, Inovalon, Ciena, USi/ATT, Betrusted and PwC.

To learn more about Redwood Software and their products, visit: https://www.redwood.com/

About RedwoodRedwood Software delivers IT, finance and business process automation to help modern enterprises excel in the digital age. Redwood orchestrates and automates business processes across complex hybrid IT environments so enterprise organizations can focus on business agility, cost efficiency, and customer experiences. Our automation solutions help thousands of organizations across 150 countries execute with speed and precision. Learn more at http://www.redwood.com.

About Advanced Systems Concepts, Inc.Advanced Systems Concepts, Inc. (ASCI) is the creator of ActiveBatchsoftware, which helps organizations automate and manage their business and IT processes in a single platform. ASCIenables companies to reduce costs, both by eliminating human error and by allowing them to redeploy resources into more high-value tasks. Learn more at http://www.advsyscon.com.

About Turn/River CapitalTurn/River specializes in growth capital investments, founder liquidity, buyouts, spin-outs, and recapitalizationsof technology, web, and SaaS companies. Its strategy is to combine rigorous, iterative marketing, sales, and operational execution with flexible capital to help companies double and triple their growth and build value for everyone. Turn/River Capital is headquartered in San Francisco. For more information, please visit http://www.turnriver.com.

Contact info: Katti Wolfe, [emailprotected]

Phrase Bank AppendixThis news follows the acquisitions by Turn/River Capital, a leading technology-focused growth equity firm, of ASCIin 2019, JSCAPEin 2020 and Redwood Software in 2021.

SOURCE Redwood Software

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Redwood Software and Advanced Systems Concepts, Inc. (ASCI) Join Forces, Extending Leadership in Business and IT Process Automation - PRNewswire