Middle East and Africa Factory Automation and Industrial Controls Market


Posted April 24, 2021 by manojshinde

The Middle East and Africa Factory Automation and Industrial Controls Market is expected to register a CAGR of approximately 6.8% during the forecast period (2021 - 2026).
 
The COVID-19 pandemic and lockdown restrictions across the region have affected industrial activities including disruption of supply chain. However, the pandemic has forced manufacturing industries to re-evaluate their traditional production processes and adapt to smart manufacturing practices across the production lines.

- Following the global economic recession led by COVID-19, the Middle Eastern and African factory automation and industrial control system market has witnessed positive impact from the demand side and mixed impact from the supply side in the first half of 2020. Smart factory initiatives have helped manufacturers overcome COVID-19 challenges and address issues such as workforce reductions, drops in sales for some specific products, social distancing, and extreme pressure to cut operational costs since most enterprises operating in the end-user industries (majorly manufacturing, automotive) had shuttered down their production sites due to lockdown restrictions.


Key Market Trends

Oil and Gas Industry to Drive the Market Growth

- The oil and gas industry is home to several government regulations for safety, reliability in the plant, and efficiency. The ICS finds applications in Remote Terminal Units (RTU) and pumping and compression stations to ensure safety.

Saudi Arabia Holds Significant Market Share

- Saudi Arabia is expected to be one of the leading regions in the Middle East & Africa region in the factory automation and industrial control system market, owing to increasing government investments in new technologies. Industry 4.0 is also playing a vital role in the future of the country’s automation and manufacturing sector.

Competitive Landscape

The Middle East and Africa factory automation and industrial controls market is moderately fragmented. Players are involved in product development and strategic activities such as partnerships, mergers, and acquisitions.

- September 2020 - COPA-DATA’s Zenon software platform was established as the standard software for digitalization and automation in the energy and utility sectors. In addition to strengthen market coverage in the region, COPA-DATA CEE/ME has founded a permanent branch office in Saudi Arabia.


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Issued By Statzy Market Research
Country India
Categories Automotive
Tags middle east and africa factory automation and industrial controls market , middle east and africa factory automation and industrial controls market forecast , middle east and africa factory automation and industrial controls market share , middle east and africa factory automation and industrial controls market size
Last Updated April 24, 2021