Market Share of North America Process Automation Industry
The barriers to exit are non-supportive, considering the high-cost equipment needed for producing these systems. Many companies operating in the market eliminate the competition by acquisitions and strategic mergers or new smart initiatives and hence the market is expected to become more competitive despite of consolidation during the forecast period. As of October 2020, Emerson announced the acquisition of the Progea Group. Also, collaboration with internet giants is increasingly visible on account of Industry 4.0. As of April 2021, Siemens partnered with Google Cloud with intentions to integrate Google Cloud's data cloud and artificial intelligence/machine learning (AI/ML) technologies with its factory automation solutions.
- April 2021 - Siemens launched a new servo motor. The Simotics S-1FS2 comes with a stainless-steel casing, IP67/IP69 protection, and high-resolution 22-bit absolute multiturn encoders, catering to the pharmaceutical and food industries.
- March 2021 - The company unveiled enhancements to its CIMPLICITY and Tracker software that provide critical decision support for operators to make them more efficient. CIMPLICITY is a solution for industrial companies building remote operations centers including power and water utilities with multiple locations. New releases deliver increased integration with Proficy Operations Hub and Proficy Historian to provide centralized web-based visualization, control, and data in context.
North America Process Automation Market Leaders
ABB Ltd
Siemens AG
Schneider Electric SE
General Electric Company
ROCKWELL AUTOMATION INC.
*Disclaimer: Major Players sorted in no particular order
