ICS for Process Automation Market Share

Market Share of ICS for Process Automation Industry

The industrial control for process automation market isfragmented. The market is highly competitive due to the presence of many small and large players. Some of the key players includeABB Ltd.,Schneider Electric,Honeywell International Inc.,Siemens AG,Rockwell Automation,Omron Co.,General Electric Co., among others.

• June 2019 -Honeywell unveiled ExperionPKS Highly Integrated Virtual Environment (HIVE), a fundamentally new approach to engineering and maintaining industrial control systems. This is an evolution of the company’s flagship Experion Process Knowledge System (PKS). Experion PKS HIVE uses Honeywell's LEAPproject execution principles, software and networking to unchain control applications from physical equipment and controllers from physical IO. This enables control systems to be engineered and implemented in less time, at lower cost and risk, and with simpler, modular builds.
• June 2019 -Schneider Electric, opened its first smart factory in Mexico, a showcase for customers and partners to witness how digital transformation can help them make informed, data-driven decisions that bring about improved profitability, asset management performance, operational efficiency and a smarter productive workforce while keeping the operations secure, agile and environmentally sustainable.

Industrial Control for Process Automation Market Leaders

1. ABB Ltd.

2. Schneider Electric

3. Honeywell International Inc.

4. Siemens AG

5. General Electric Co.

*Disclaimer: Major Players sorted in no particular order