Connect with us

Technology

Industrial Control & Factory Automation Market worth $399.12 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., Oct. 21, 2024 /PRNewswire/ — The global industrial control & factory automation market is anticipated to grow from USD 255.88 billion in 2024 to USD 399.12 billion by 2029, at a CAGR of 9.3% during the forecast period according to a new report by MarketsandMarkets™. Several key factors are driving the industrial control and factory automation market, including increased IoT and Al integration in industrial environments, a growing emphasis on operational efficiency and productivity, and significant and ongoing government investments in 3D printing technologies, all of which are contributing to market growth. With the emergence of new technologies in firms, regulatory compliance regarding industrial solutions of immense significance is also involved. There is a growing need for innovative techniques to reduce production downtime and waste. For instance, the use of real-time data analytics in factories help companies optimize operations hence efficiency while reducing production waste.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Browse in-depth TOC on “Industrial Control & Factory Automation Market” 
160 – Tables
60 – Figures
336 – Pages

Industrial Control & Factory Automation Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 255.88 billion

Estimated Value by 2029

$ 399.12 billion

Growth Rate

Poised to grow at a CAGR of 9.3%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Technology, Component, Solutions, Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Complexity in deployment of industrial control & factory automation solutions

Key Market Opportunities

Increased demand for safety compliance automation solutions

Key Market Drivers

Increased adoption of IoT and AI in industrial environments

Distributed control system (DCS) segment is expected to account for the largest share of the Industrial control & factory automation market during the forecast period.

The industrial control system further segmented into Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Industrial PC, Human Machine Interface. A distributed control system (DCS) is expected to account for the largest share, which is an industrial automation solution primarily deployed in process industries to facilitate plant control through a distributed network of supervisory and control elements. DCS systems are vital for optimizing operational processes by distributing control across various plant sections. The market for DCS is driven by the need for operational efficiency, integration of advanced technologies, regulatory compliance, and the expansion of industrial infrastructure.

Aerospace industry segment to exhibit highest CAGR in the forecast year.

As the need for both commercial and defense aircraft grows, manufacturers are turning to enhanced automation to reach production targets more effectively. Automated systems enhance safety and precision in vital activities such as navigation and propulsion, greatly decreasing human error. Furthermore, automation is critical for cost management, speeding production processes like as assembly and testing, and maximizing the usage of innovative materials such as composites. The use of Al-driven digital twins improves real-time monitoring by increasing reliability and minimizing downtime.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=541

Asia Pacific is expected to hold the largest market share of the industrial control & factory automation market during the forecast period.

The growth of industrial control & factory automation industry in Asia Pacific can be attributed to rapid industrialization, commercialization of IIoT applications and increasing adoption of industrial robot. Asia Pacific is a manufacturing hub; hence, motor vehicle suppliers, such as Toyota (Japan), Renault-Nissan (Netherlands), and Daimler (Germany), Volkswagen (Germany), and local manufacturers, such as Tata Motors (India) and Hyundai Motors (South Korea), invest heavily in the smart factory market in Asia Pacific. The majority of prominent manufacturers from various industries have relocated their manufacturing operations to Asia Pacific due to the region’s low labor costs and availability of trained workers. Furthermore, governments across the area are encouraging Industry 4.0 and Industrial control & factory automation efforts through laws, incentives, and subsidies. Programs such as Made in China 2025 and make in India are encouraging industries to adopt advanced automation technologies like robotics, AI, and IoT to enhance competitiveness and productivity.

The key companies in the industrial control & factory automation companies include ABB (Switzerland), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), and Siemens (Germany).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=541

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Real-time Location Systems Market Size, Share & Industry Trends Growth Analysis Report by Hardware (Tags/Badges, Readers/Trackers), Technology (RFID, Wi-Fi, UWB, BLE, Infrared, Ultrasound, GPS, Zigbee, RuBee), Application (Inventory/Asset Tracking, Personnel Monitoring), Region – Global Forecast to 2029

Industrial Sensors Market Size, Share & Industry Trends Growth Analysis Report by Sensor Type (Level Sensor, Temperature Sensor, Gas Sensor, Pressure Sensor, Position Sensor, and Humidity & Moisture Sensor), Type (Contact & non-contact sensors), End-User Industry and Region – Global Forecast to 2029

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/factory-industrial-automation-sme-smb-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/factory-automation.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg 

 

View original content:https://www.prnewswire.co.uk/news-releases/industrial-control–factory-automation-market-worth-399-12-billion-by-2029—exclusive-report-by-marketsandmarkets-302281493.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

SINBON Is Expanding Possibilities Across Industries at Electronica 2024

Published

on

By

Brand’s technological innovation and broad capabilities are making ideas into reality across Europe’s key sectors

MUNICH and TAIPEI, Oct. 22, 2024 /PRNewswire/ — SINBON, a Taiwan-based electronic interconnect design and integration service provider, is unveiling its latest solutions to be showcased at the upcoming Electronica 2024 trade show. The lineup illustrates how the brand’s robust technological innovation and broad customization capabilities are expanding possibilities for Europe’s most critical industries.

Please join SINBON at Hall A2, Booth 241 at Electronica 2024: Messe München, Nov. 12 – 15, 2024

For visitors to experience firsthand, SINBON will have over 60 products for various industries on display, including several solutions new to Electronica this year:

Industrial IoT: Hybrid SPE connectors—the topic of a SINBON webinar to be broadcast live at the booth—and customized solutions for smart factories, robotics, and warehouse systemsGreen energy: Customized solutions for solar energy infrastructureElectric vehicle and e-mobility: NACS AC/DC charging cables; swappable batteries; customized connectors; CCS1 and CCS2 DC charging cables and inlets; connectors tailored to e-scooters and e-motorcycles; and system integration for e-bikesMedical: Solutions for patient monitoring equipment and surgical instruments; and the Electrical Muscle Stimulation (EMS) Impulse Pack with Arm Straps

Transforming the impossible to the possible across industries: VIRALIETY

SINBON’s theme for Electronica this year will be “VIRALIETY: Unreal to Real”— coined by combining the limitless possibilities of “virtual reality” with “variety.” The theme reflects the company’s ability to innovate to overcome challenges for customers with novel solutions, as well as its extensive capabilities and reach across industries.

“SINBON keeps some of Europe’s biggest industries linked with the latest connector technologies,” noted Barrie Ryan, President of SINBON Europe. “We’ve achieved this reach by transforming our clients’ ideas into reality. Often a solution doesn’t exist yet, and we have the capabilities to turn the impossible into the possible across a wide variety of sectors.” 

Exploring how hybrid SPE accelerates industrial IoT

Hybrid single pair ethernet (SPE) delivers greater power and data transmission speeds while minimizing cables in industrial spaces. To explore this new connectivity technology, SINBON’s booth will feature a live broadcast of the company’s webinar Elevating Industrial Connectivity: Hybrid Single Pair Ethernet on Thursday, November 14, 2024, 10:30AM Central European Summer Time (UTC +02:00).

Webinar details and registration: https://us02web.zoom.us/webinar/register/WN_B2c6tSpSQw24W4-kBO6Hyg#/registration

Interactive, hands-on experiences at Electronica 2024

Offering a new and memorable way to interact with SINBON experts, visitors to the booth will have the chance to play a game that involves finding the SINBON guru using Augmented Reality. Participants will be able to win a unique gift from the company.

Booth visitors will also have the chance to test SINBON’s solutions for themselves. For industrial and automotive industries, the company is making its charging cables for robots and EVs available for attendees to experience how quickly and seamlessly they charge. In addition, visitors can also try out the new EMS Arm Straps. Lastly, SINBON will share numerous product stories that explore how they came to life and how they solve customer pain points.

About SINBON Electronics

Established in 1989 in Taiwan, SINBON Electronics is a leading provider of integrated design and production services for bespoke interconnect solutions. Driven by a commitment to customer centricity and the principles of ESG, the company offers a wide range of products and OEM/ODM services that ensure reliability and efficiency, combining extensive engineering expertise, industry knowledge, and leading innovations to customize solutions for long-term customer success. SINBON has a global footprint, with operations in Taiwan, China, Japan, the United Kingdom, Germany, Hungary, and the United States.

To learn more about SINBON’s services, please visit www.sinbon.com or follow on LinkedIn.

Photo – https://mma.prnewswire.com/media/2534417/LinkedIn_1920x1080.jpg
Logo – https://mma.prnewswire.com/media/2533173/SINBON_Electronics_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/sinbon-is-expanding-possibilities-across-industries-at-electronica-2024-302280542.html

Continue Reading

Technology

Ariceum Therapeutics Presents Outstanding Data on its First-in-Class Radiopharmaceutical Drug 225Ac-Satoreotide at the European Association of Nuclear Medicine 2024

Published

on

By

225Ac-Satoreotide is a first-in-class somatostatin receptor 2 antagonist targeting extensive stage small cell lung cancer and is the first antagonist labelled with 225Ac to enter clinical developmentSatoreotide expressed a superior pharmacokinetic profile relative to DOTA-TATE with a higher pre-clinical anti-tumour efficacy, irrespective of radionuclide used100% survival with a single dose of 30 kBq 225Ac-satoreotide but not with 225Ac-DOTA-TATE

BERLIN, Oct. 22, 2024 /PRNewswire/ — Ariceum Therapeutics (Ariceum), a private biotech company developing radiopharmaceutical products for the diagnosis and treatment of certain hard-to-treat cancers, today announces that it presented data on its proprietary radiolabelled peptide SS0110 (satoreotide), a first-in-class antagonist of the somatostatin receptor 2 (SSTR2), at this year’s European Association of Nuclear Medicine (EANM) Annual Conference, held in Hamburg, Germany from 19-23 October 2024.

The Top-Rated Oral Presentation (TROP) entitled ‘225Ac-SSO110 induces long-lasting anti-tumour responses in contrast to 225Ac-DOTA-TATE and 161Tb-DOTA-TATE in the treatment of SSTR2-positive tumour xenografts’, details the anti-tumour efficacy of different radiolabelled satoreotide antagonists (225Ac, 161Tb, 177Lu-labelled SSO110) versus respective DOTA-TATE agonists (225Ac- and 161Tb-labelled DOTA-TATE) in mice engrafted with SSTR2 positive xenografts of small cell lung cancer (SCLC) and pancreatic cancer using clinically relevant associated dose ranges.  

Results demonstrate that 225Ac-satoreotide shows the strongest anti-tumoural effect in vivo at a low single dose when evaluating satoreotide and DOTA-TATE radiolabelled with different radionuclides. Irrespective of the radionuclides used, satoreotide demonstrated a higher pre-clinical anti-tumour efficacy when compared to DOTA-TATE which was less potent and required increased dose levels. Satoreotide was well tolerated across all dose levels and with all used radionuclides. These comparisons between satoreotide and DOTA-TATE will facilitate and guide further clinical development of satoreotide across multiple indications expressing SSTR2, such as SCLC, pancreatic cancers and Merkel Cell Carcinoma (MCC).

Previous comparisons between satoreotide and DOTA-TATE demonstrated that antagonist, 225Ac-satoreotide, is multiple times more potent than SSTR2 agonist, 225Ac-DOTA-TATE, signifying a durable complete response in standard murine xenograft models of SCLC in animal models, versus tumour growth delay.

Ariceum had previously shown at the Society of Nuclear Medicine and Molecular Imaging (SNMMI) Annual Meeting 2024 that 212Pb was not seen to be more potent than Lutetium or Terbium but caused more side effects and hence was not further pursued.

Manfred Rüdiger, Chief Executive Officer at Ariceum Therapeutics, said: “These results provide strong evidence for satoreotide and its potential to clinically outperform SSTR2 targeting agonists, by demonstrating significantly better efficacy in tumour growth control, up to complete tumour eradication depending on isotope used. In addition, when a single dose of 30 kBq 225Ac-satoreotide was administered, we observed high frequency of complete durable responses and 100% survival which strongly supports further clinical development for the treatment of SCLC, MCC and other cancers.”

Details of the oral presentation are as follow:

Title: 225Ac-SSO110 induces long-lasting anti-tumour responses in contrast to 225Ac-DOTA-TATE and 161Tb-DOTA-TATE in the treatment of SSTR2-positive tumour xenografts

Presenting Author: Prachi Desai, Scientist at Ariceum Therapeutics

Session Number: 1204
Session Title: M2M Track – TROP Session: Radiopharmaceutical Sciences + Translational Molecular Imaging & Therapy Committee: From Radionuclide to Clinical Translation

Oral Presentation Date & Time: Tuesday 22 October 2024, 09:00 AM09:10 AM CEST

Abstract Authors: Prachi Desai, Manuel Sturzbecher
–  Hoehne,
Dennis Mewis, Manfred Ruediger & Anika Jaekel  of Ariceum Therapeutics

Abstracts are available in the September edition of Springer’s European Journal of Nuclear Medicine and Molecular Imaging (EJNMMI) abstract book here and on the Ariceum website here.

About Ariceum Therapeutics

Ariceum Therapeutics (Ariceum) is a private, clinical stage radiopharmaceutical company focused on the diagnosis and precision treatment of certain neuroendocrine and other aggressive, hard-to-treat cancers. The name Ariceum is an anagram of ‘Marie Curie’ whose discovery of radium and polonium have been huge contributions to finding treatments for cancer.

Ariceum’s lead targeted systemic radiopharmaceutical product, 177Lu-satoreotide tetraxetan (“Satoreotide”), is an antagonist of the somatostatin type 2 (SSTR2) receptor which is overexpressed in neuroendocrine tumours (NETs) and some aggressive cancers such as small cell lung cancer (SCLC), or Merkel Cell Carcinoma (MCC), all of which have few treatment options and poor prognosis. Satoreotide is being developed as a ‘theranostic’ pair for the combined diagnosis and targeted radionuclide treatment of these tumours. Ariceum is also developing a radiolabelled PARP-inhibitor (ATT001), currently in Phase 1 clinical development under the trial name CITADEL-123. ATT001 was part of the acquisition of Theragnostics Ltd which was closed in June 2023.

Ariceum Therapeutics, launched in 2021, acquired all rights to Satoreotide from Ipsen. Ipsen remains a shareholder in the Company. Ariceum is headquartered in Berlin, with operations in Germany, Switzerland, Australia, United Kingdom and United States of America and with activities currently across the globe.

Ariceum is led by a highly experienced management team and supported by specialist investors including EQT Life Sciences (formerly LSP), HealthCap, Pureos Bioventures, Andera Partners and Earlybird Venture Capital. For further information, please visit www.ariceum-therapeutics.com.

About European Association of Nuclear Medicine (EANM)

The European Association of Nuclear Medicine (EANM) is a non-profit organization that promotes nuclear medicine and aims to improve public health. The EANM’s mission is to advance nuclear medicine through personalized healthcare, innovation in diagnosis and treatment, and raising awareness of nuclear medicine

View original content:https://www.prnewswire.co.uk/news-releases/ariceum-therapeutics-presents-outstanding-data-on-its-first-in-class-radiopharmaceutical-drug-225ac-satoreotide-at-the-european-association-of-nuclear-medicine-2024-302282011.html

Continue Reading

Technology

Kotak811 Launches ‘Scam The Scammers’ Playlist to Empower Customers

Published

on

By

MUMBAI, India, Oct. 22, 2024 /PRNewswire/ — Kotak811 announced the launch of its new YouTube playlist, ‘Scam The Scammers’. This innovative initiative aims to equip customers with the knowledge and tools to protect themselves from financial fraud.

With the surge in digital transactions, financial scams have become increasingly sophisticated. Recognising the need to empower customers, Kotak811 has curated this playlist to serve as a comprehensive resource. The videos cover a wide range of topics, including phishing attacks, fake call scams, and unauthorised transactions, offering viewers a clear understanding of how these scams operate and how to avoid falling victim.

Learn how to scam the scammer

For a deeper understanding of how to stay away from online frauds, explore the dedicated playlist ‘Scam The Scammers’ on YouTube. From detailed explanations to practical tips, these videos offer valuable insights into the safety measures in place.

Watch now: https://www.youtube.com/watch?v=xZreQiJole8&list=PL_M0wBiHI2EMh6X4LfGyXsydBe1wv_nvm&index=4 

About Kotak 811

When 8th November 2016 changed the way India transacted forever, Kotak811 was conceptualized to simplify banking and make it fully accessible online. Kotak811 was launched on 29th March 2017. As one of India’s first full service, truly digital bank, it offers customers a simple and convenient way to open a savings account and transact digitally using 180+ features on its Kotak811 Mobile Banking app, from home or on the move.

On 29th March 2022, Kotak811 presented itself as a bank within a bank, adopting a fresh and new brand identity with ‘digital at its core. As a brand ethos, Kotak811 continuously inquires into India’s banking challenges, innovates to bridge these gaps, and inspires Indians to adopt a way of banking that lets them take full control.

Kotak811 has customers from 1,000+ Cities & Towns covering over 10,000 pin codes, across the country. Every 5 seconds, a new Account is opened digitally. Interestingly, more than 50% of 811 Accounts are opened outside banking hours. Kotak 811 offers instant account opening in 3 mins and KYC via video call in 5 mins.

For more information, please visit the digital bank’s website at https://www.kotak811.com/zero-balance-savings-account-online/

Download the Kotak811 mobile banking app now:

●  For Android users: Mobile Banking App

●  For iOS users: Kotak811 Mobile Banking App

Disclaimer: This Article is for information purpose only

 

View original content:https://www.prnewswire.com/in/news-releases/kotak811-launches-scam-the-scammers-playlist-to-empower-customers-302282839.html

Continue Reading

Trending