North America Factory Automation and Industrial Controls Market Size

North America Factory Automation & Industrial Controls Market Analysis

• The North America factory automation and industrial controls market is expected to register a CAGR of 8.12% during the forecast period (2021 - 2026). The growing incidents of coronavirus, are also forcing manufacturers to rely more on automation and digitalization for long-term operations to reduce the financial impact of epidemics and other potential economic challenges. Factories are reducing human interaction and installing device barriers between workers to protect them from infection, which is further expected to create a need for automated devices and systems. North American manufacturers across all industries are establishing the advancement foundation by increasingly enhancing their level of automation. In a race to be competitive with global manufacturing hubs, like China and Japan, North America still needs to be more aggressive in developing and adopting robotic and automation technologies.
• Therefore, to save energy and to gain cost-benefit, the trend of factory automation and industrial control systems is gaining traction in the region. According to a 2019 report from Oxford Economics, the United States is projected to lose more than 1.5 million jobs to automation over the next decade.The regional automotive sector has always led the way in implementing robotics in their manufacturing processes. Key industry manufacturers, like John Deere, are making significant investments to integrate automated technology both into their products and processes.
• The region is witnessing increasing robotic technologies adoption. For instance, in March 2020, globally renowned SCARA robot manufacturer, Epson Robots, collaborated with the US-based automation solutions provider, Air Automation Engineering (AAE), as part of an initiative to increase its technical support in the Midwest United States.
• The adoption of factory automation solutions can help these manufacturers in cost savings, enhance productivity, and improve quality. Recently, Royal Bank of Canada (RBC) collaborated with Microsoft and launched the Go Digital program, mainly to help the Canadian businesses in investing in smart automation technologies and cloud solutions. Presently, the program is available to Canadian food manufacturers and will continue to expand to other industries over time.
• Initiatives, like 'Advanced Manufacturing Partnership (AMP)', are increasingly undertaken to make the regional industry, various universities, and the federal government to invest in the emerging automation technologies. The government in Canada created a program, Automate Canada, a global cluster of companies, specializing in manufacturing automation solutions. In the past, it also invested USD 230 million to help automate Ontario's manufacturing sector.
• However, establishment of new automated manufacturing plant mandates the deployment of emerging automation technologies Including SCADA, DCS, RTU, PLC, and HMI. The setting up of these manufacturing plants requires large capital investments for equipment, software, and training. Investing such a large amount is difficult for new entrants who are setting up their first plant.