The world is moving at a rapid speed (not speaking about the Earth’s rotation here). Rather, the increasing uptake of technologies like AI, automation, etc is high. More than 80% of managers tend to speed up workflow by automating tasks. This scenario goes the same for industrial control and factory automation as well.
According to Extrapolate, the global Industrial Control & Factory Automation Market is estimated to hit a revenue of $383.67 billion by 2030. To stay ahead of this cutthroat marketplace, knowing the top players in industrial control and factory automation is essential. This blog dives into the top 10 companies leading the way in this field, categorized based on their global presence.
What is Industrial Control & Factory Automation?
Industrial control and factory automation refer to the usage of different control systems for diverse purposes such as steering and stabilization of ships and aircraft, turning on telephone networks, and controlling machinery in factories, boilers, and heat-treating ovens. Reducing operating expenses while improving productivity, efficiency, and safety is the main objective.
Benefits of Industrial Control & Factory Automation
- Enhanced Productivity: Continuous operation made possible by automation technologies permits factories to run around the clock without the interruptions or downtime that come with employing human labor. As a result, output and efficiency rise significantly.
- Cost Reduction: Industrial automation can drastically cut overall operating expenses by limiting labor costs and lowering the requirement for employee perks like healthcare and paid time off. Furthermore, because automated systems are dependable, their maintenance costs are frequently lower.
- Better Quality: Production processes with automation have lower error rates. For example, jobs with a manual error rate of 1-1.5% can now be completed by machines with accuracy levels as low as 0.00001%. Improved brand reputation and increased client satisfaction are the results of this quality improvement.
- Increased Safety: Automation can assume risky tasks, lowering the possibility of accidents at work. Businesses can establish a safer working environment by removing human operators from hazardous areas.
- Improved Resource Utilization: Raw materials and energy are two commodities that automated systems maximize the utilization of. Lowering waste helps with ecological initiatives in addition to saving money.
- Flexibility and Scalability: AI and programmable robots, among other modern automation technologies, provide manufacturing processes with more flexibility. Changes in production demands can be swiftly accommodated by businesses without requiring a lot of downtime or reconfiguration.
Top 10 Industrial Control and Factory Automation Companies
1. ABB
ABB is a global leader in industrial technology, specializing in electrification, robotics, automation, and digitalization. The organization is dedicated to improving sustainability and productivity across various sectors, such as transportation, utilities, and manufacturing.
The ABB Ability Smart Sensor is a new product from ABB that turns conventional motors, pumps, and bearings into intelligent, networked devices. This innovation makes real-time monitoring and predictive maintenance possible, which greatly increases operational effectiveness and decreases downtime.
2. General Electric (GE)
General Electric is a multinational conglomerate known for its diverse range of products and services, including aviation, healthcare, power, and renewable energy. GE has a strong focus on digital industrial solutions, integrating advanced technologies into its operations.
GE has been advancing its Digital Wind Farm technology, which uses digital twins and data analytics to optimize wind turbine performance. This innovation enhances energy production and operational efficiency in wind energy generation.
3. Honeywell International
Honeywell International is a diversified technology and manufacturing company that provides a wide range of products and services, including aerospace, building technologies, performance materials, and safety solutions. The company is heavily invested in automation and control systems.
Honeywell has launched its Connected Plant solutions, which leverage advanced software and analytics to improve operational efficiency and safety in industrial environments. This initiative aims to enhance productivity and reduce operational costs.
4. Schneider Electric
Schneider Electric specializes in energy management and automation solutions, providing integrated solutions across various sectors, including buildings, data centers, infrastructure, and industries. The company emphasizes sustainability and efficiency.
Schneider Electric has introduced the EcoStruxure Automation Expert, a software platform that enables users to design, deploy, and manage automation systems more efficiently. This innovation supports the transition to Industry 4.0 by integrating IoT capabilities into automation processes 3.
5. Endress+Hauser Group Services AG
Endress+Hauser is a global leader in measurement and automation technology, providing solutions for process industries. The company focuses on instrumentation, services, and automation solutions to enhance process efficiency and reliability.
The SmartBlue software, created by Endress+Hauser, enables users to wirelessly configure and maintain equipment using Bluetooth. This invention improves operating efficiency in industrial environments and streamlines device administration.
6. Rockwell Automation
Rockwell Automation is a leading provider of industrial automation and information technology. The company focuses on helping manufacturers improve productivity and sustainability through innovative automation solutions.
The FactoryTalk InnovationSuite, developed by Rockwell Automation, combines machine learning, artificial intelligence, and the Internet of Things to improve industrial procedures. With the use of this suite, operational gains can be achieved through real-time data analysis and decision-making.
7. Emerson Electric
Emerson Electric is an international company that offers home and commercial automation solutions. Climate technologies, industrial automation, and process automation are the company's main areas of interest.
In order to maximize plant operations, Emerson expands Emerson Plantweb digital environment, which makes use of IoT and advanced analytics.
8. Mitsubishi Electric Corporation
Mitsubishi Electric is a Japanese multinational company that manufactures electrical and electronic equipment. The company is known for its automation solutions, including factory automation systems and robotics.
Mitsubishi Electric has developed the MELFA Robot, which features advanced AI capabilities for enhanced automation in manufacturing. This robot can adapt to various tasks, improving flexibility and efficiency on the production line.
9. Siemens
Siemens is a global technology company that focuses on electrification, automation, and digitalization. The company provides a wide range of products and services across various industries, including manufacturing, energy, and healthcare.
Siemens launched the Siemens Xcelerator, a comprehensive portfolio of software and services supporting digital manufacturing transformation. This platform integrates various technologies to enhance productivity and innovation
10. OMRON Corporation
OMRON is a Japanese company specializing in automation and control equipment. The company focuses on providing innovative solutions for manufacturing, healthcare, and social systems.
OMRON introduced the i-Automation concept, which integrates AI and IoT technologies into manufacturing processes. This innovation aims to enhance operational efficiency and flexibility in production environments.
Final Takeaway
As we wrap up our look at the top 10 industrial control and factory automation companies, it's clear that innovation and efficiency are driving forces in this sector. These companies are at the forefront of transforming manufacturing processes, making them more intelligent and responsive. Whether you're in the market for cutting-edge automation solutions or just keeping an eye on industry trends, understanding these leaders gives you a valuable perspective on where the future of industrial automation is headed.
