Global Human Machine Interface Market 2020 Segmentation and Analysis by Recent Trends, Development and Growth by Trending Regions by 2023 – The Daily…

Global Human Machine Interface Market industry is anticipated to an extensive growth during the forecast period 2018-2023. Human Machine Interface Market report provides in detail analysis of market with revenue growth and upcoming trends. report contains the forecasts, market size, share estimates and profiles of the leading industry Players.

Human Machine Interface Market research report provides derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Human Machine Interface industry. The report is a reliable analysis of current scenario of the market, which covers several market dynamics.

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The global human machine interface market was valued at USD 3.30 billion in 2017, and is expected to reach a value of USD 5.73 billion by 2023 at a CAGR of 9.37%, during the forecast period (2018 2023). The scope of the market covers all stand alone and built-in HMI Interface systems.

The growing need for the monitoring of production and responding to the changing demands, through enhanced diagnostics, coupled with the need for greater efficiency and reduced downtime, have buoyed the growth of the human machine interface market.

Oil and Gas to Hold the Largest Share of the Market Among the Various End-user Verticals

With increasing pressure to improve operational performance, meet environmental specifications, and overcome rising energy costs, oil & gas operations must efficiently and securely monitor and control entire processes across local and remote locations. Also, ensuring consistently and proper functionality of the industrys equipment and system effectiveness are paramount. Thus, the oil & gas industry presents various challenges in terms of workforce allocation, efficiency and cost to oil & gas end-users. The difficulty to access remote locations, both physically and virtually, complicate the challenges immensely, especially in hazardous locations, which makes the task even more tough. Thus, the need for remote automation, real-time control, monitoring, and remote diagnosis of all equipment and processes creates a huge demand for HMI solutions. Further, adhering to standards, such as 49 CFR Part 192 Transportation of Natural and Other Gas by Pipeline and other workforce safety standards have been instrumental in driving the adoption of human machine interface market in the oil & gas industry.

Focus towards Cost-Cutting and Business Process Improvement

The developments in wireless technology have opened-up new avenues for this market with improved quality, and increase in production, which is further expected to fuel the demand for automation in the country. With technologies like DCS, PLC, SCADA, HMI, and MES, automation equipment has become more sophisticated, performing more complex actions at a low operating cost. Also, coupled with the advances in sensor technology, these technologies have started the era of smart manufacturing, resulting in business process improvement. Developing countries, like Brazil, India, and China are focusing on manufacturing to increase their industrial output to support and drive their economy forward. For example, China aims to move up the manufacturing value chain, however, labor rates in Chinese cities have increased dramatically in the past few years, meaning that supposed low-cost off shoring no longer makes sense without significant investment in automation. Also, being resourceful, demographically rich, and an increasing rate of the population entering the middle and upper classes is boosting the consumption at consumers end, and enabling industries to implement automation to maintain or enhance their production output. Thus, augmenting the growth of the human machine interface market.

Brazil to Drive the Market in Latin America

Brazils industries account for one-third of its GDP and include consumer durables, steel and petrochemicals, aircraft, and computers. Most large industries in the country are in the southern and southeastern regions. Brazil has experienced rapid economic growth in the immediate aftermath of the 2008 global recession. Thus, Brazil hopes to leverage the gains of robotics, both as a manufacturer and user. According to International Federation of Robotics, Brazilian robotics imports have increased at an annual rate of 5.3% between (2012-2016). As the rate is expected to rise in the near future, increasing deployment of industrial automation, and control systems is bound to be observed. Brazil is boosting its industrial production, distribution infrastructure, and power capacity, and enhancing its transmission to meet the needs of its growing economy. Similarly, it is expected that increasing nationwide investments in automotive (by global players), oil & gas, utilities (both government supported) along with the strict regulations of INMETRO in Brazil for workforce safety in hazardous location, are expected to aid the growth of the human machine interface market.

Key Developments

November 2017 Rockwell Automation announced its investment in The Hive, a Silicon Valley innovation fund and co-creation studio, to gain access to an ecosystem of innovators and technology start-ups with a focus on applications of artificial intelligence (AI) to industrial automation. July 2017 ABB completed the acquisition of B&R, the largest independent provider focusing on the product and software-based, open-architecture solutions for machine and factory automation worldwide. June 2017 GE launched New Solutions Purpose Built For Industrial Assets. GE Digital launched an integrated solution to deliver the industrial service model of the future that combines the power of ServiceMax which is companys cloud-based field service management solution, with its intelligent Asset Performance Management portfolio to develop service operations, reduce cost and eliminate unplanned downtime.

The Major Players include ABB LTD., HONEYWELL INTERNATIONAL INC. , ROCKWELL AUTOMATION INC., MITSUBISHI CORPORATION, SCHNEIDER ELECTRIC SE, EMERSON ELECTRIC CO., EATON CORPORATION, DASSAULT SYSTEMS, YOKOGAWA ELECTRIC CORPORATION, SIEMENS CORPORATION, ROBERT BOSCH GMBH, TEXAS INSTRUMENTS INC., KONTRON AG, ADVANTECH CO., LTD. JOHNSON CONTROLS INC., amongst others.

Major Regions: US, Canada, Mexico, UK, France, Germany, Italy, Spain, Rest of Europe, India, China, Japan, Australia, South Korea, Rest of APAC, GCC, South Africa, Rest of MEA, Brazil,Argentina, Rest of South Africa

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Major Points Covered in Table of Content of Human Machine Interface Market forecast 2023

1. Introduction of Human Machine Interface Market Report

1.1 Study Deliverables

1.2 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Analysis Methodology

2.3 Study Phases

2.4 Econometric Modelling

3. Executive Summary

4. Market Overview and Human Machine Interface Market Trends

4.1 Introduction

4.2 Market Trends

4.3 Porters Five Force Framework

4.3.1 Bargaining Power of Suppliers

4.3.2 Bargaining Power of Consumers

4.3.3 Threat of New Entrants

4.3.4 Threat of Substitute Products and Services

4.3.5 Competitive Rivalry within the Industry

5. Human Machine Interface Market Dynamics

5.1 Drivers

5.2 Restraints

5.3 Opportunities

6. Global Human Machine Interface Market, Segmented by Size

7. Global Human Machine Interface Market, Segmented by Technology Type

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8. Global Human Machine Interface Market, Segmented by Geography

8.1 North America

8.1.1 United States

8.1.2 Canada

8.1.3 Mexico

8.1.4 Others

8.2 South America

8.2.1 Brazil

8.2.2 Argentina

8.2.3 Others

8.3 Asia-Pacific

8.3.1 China

8.3.2 Japan

8.3.3 India

8.3.4 Others

8.4 Europe

8.4.1 United Kingdom

8.4.2 Germany

8.4.3 France

8.4.4 Others

8.5 Africa and Middle East

8.5.1 UAE

8.5.2 South Africa

8.5.3 Saudi Arabia

8.5.4 Others

9. Competitive Landscape

9.1 Introduction

9.2 Market Share Analysis

9.3 Developments of Key Players

10. Key Vendor Analysis (Overview, Products & Services, Strategies)

11. Future Outlook of the Market

12. Disclaimer

And Many More.

For Detail TOC Click Here

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Global Human Machine Interface Market 2020 Segmentation and Analysis by Recent Trends, Development and Growth by Trending Regions by 2023 - The Daily...