Industry 4.0 Industrial Automation Outlook and Smart Factory Solutions by Planet Technology
The Industrial Control and Factory Automation Market is expected to reach $269.5 billion by 2024 — up from $160 billion in 2018.
Chino, CA (PRUnderground) November 6th, 2019
Factory automation is seeing explosive growth as manufacturers seek to expand fulfillment capabilities through robotics, AI and smart manufacturing technology. In fact, the industrial control and factory automation market is expected to reach $269.5 billion by 2024 — up from $160 billion in 2018.
Industry 4.0 refers to the fourth revolution in manufacturing. The first revolution was the use of water and steam to power factories. Mass production using electricity and assembly lines was the second. The third revolution was the introduction of computers and automation. Now, through connected devices, data analytics and artificial intelligence, “smart factories” are paving the way for autonomous systems that can operate entirely by themselves.
Every industrial market is poised for disruption:
Oil & Gas
Food & Beverages
Metals & Mining
Semiconductor & Electronics
Aerospace & Defense
The race towards factory automation means connectivity between machines, sensors and software is critical. Cyber-physical systems are equipped with sensors that allow them to gather data as they operate The longer they operate, the more data they capture, which in turn allows the entire system to operate more efficiently. Ultimately, reducing costs and increasing output.
Companies big and small or working towards solutions to meet the growing demand for process automation within smart factories.
The backbone of what makes these systems possible is the connected devices that power each sensor and component across the factory floor. In order to power these devices — and send and receive data using one cable — power over ethernet is used.
Power over Ethernet (POE) is a networking feature that lets network cables carry electrical power over an existing data connection with a single Cat5e/Cat6 ethernet cable. The added benefit of PoE is it uses low-voltage electricity, making it infinitely safer and less costly than using traditional power lines.
AI and Industrial Automation driven by Industry 4.0 are in great demand as companies and factories have been leveraging their management and manufacturing efficiencies in recent years. Through industrial automation, the inevitable process to future manufacturing, stable and high-quality production with less human labor are greatly expected. If we look closer at the factors of building an intelligent factory, the type of network infrastructure supporting the whole transition is crucial.
In Industrial Ethernet applications, message delivery between controlling PLC and devices is decisively important. Planet Technology focuses on network connectivity that supports IIoT devices, making sure they operate securely and efficiently. The complete product portfolio that Planet Technology offers is compliant with major industrial Ethernet protocols, such as Modbus TCP, EtherCAT and EN50155, for the information level, control level and device level in the industrial networks.
To find out more about PLANET’s network solutions to Industrial Automation, visit https://www.planetechusa.com to learn more.