LONDON--(BUSINESS WIRE)--Technavio has been monitoring the industrial automation market in life sciences industry and it is poised to grow by USD 1.92 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Free Sample Report on Covid-19 Impact

Frequently Asked Questions-

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Parker-Hannifin Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. are some of the major market participants. The demand for healthcare services will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.

Industrial Automation Market in Life Sciences Industry 2020-2024: Segmentation

Industrial Automation Market in Life Sciences Industry is segmented as below:

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Industrial Automation Market in Life Sciences Industry 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our industrial automation market in life sciences industry report covers the following areas:

This study identifies open process automation as one of the prime reasons driving the industrial automation market in life sciences industry growth during the next few years.

Industrial Automation Market in Life Sciences Industry 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the industrial automation market in life sciences industry, including some of the vendors such as ABB Ltd., Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Parker-Hannifin Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Backed with competitive intelligence and benchmarking, our research reports on the industrial automation market in life sciences industry are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Industrial Automation Market in Life Sciences Industry 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Customer landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

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COVID-19 Impacts: Industrial Automation Market in Life Sciences Industry will Accelerate at a CAGR of Over 6% through 2020-2024 | Demand for...