Human Machine Interface Market (HMI) Growing at a CAGR of 9% During 2016 to 2022

PUNE, India, January 24, 2017 /PRNewswire/ --

The human machine interface (HMI) market is expected to be valued at USD 5.86 billion by 2022, growing at a CAGR of 9.0% between 2016 and 2022 while the market for software segment expected to grow at the highest rate during the forecast period dominated by Asia-Pacific.

Browse 74 tables and 86 figures, 11 Company profiles spread across 172 pages available at http://www.reportsnreports.com/reports/208651-human-machine-interface-market-global-forecast-analysis-2012-2017-by-product-display-terminals-controls-industrial-pc-interface-software-application-and-geography.html .

The key driving factors for the growth of the human machine interface (HMI) market are increasing adoption of industrial automation equipment in the manufacturing sector, evolution of industrial internet of things (IIoT) and rising demand for smart automation solution, and growing need of efficiency and monitoring in the manufacturing plant. However, high installation cost and complex designing structure of human machine interface (HMI) are some of the key factors restraining the growth of the HMI market.

The human machine interface (HMI) market for software offering is expected to grow at a higher rate during the forecast period. HMI software systems offer flexibility and reliability and also enhance efficiency of the production process, which is expected to increase the demand of human machine interface (HMI) software during the forecast period.

The oil and gas industry is expected to hold the largest size of the human machine interface (HMI) market during the forecast period. Safety and reliability of the oil and gas plant is crucial for the management of entire plant. Thus, the industry needs human machine interface (HMI) solutions for ensuring the safety and operational efficiency of the oil and gas plants.

The key players in the human machine interface (HMI) market include ABB Ltd. (Switzerland), Advantech Co., Ltd. (Taiwan), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International Inc. (U.S.), Kontron AG (Germany), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and Yokogawa Electric Corporation (Japan). Order a copy of Human Machine Interface Market (HMI) by Offering (Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) and Software (On-Premise HMI and Cloud-Based HMI)), Configuration Type (Stand-Alone HMI and Embedded HMI) - Global Forecast to 2022 research report at http://www.reportsnreports.com/purchase.aspx?name=208651 .

The HMI market in APAC is expected to grow at the highest rate between 2016 and 2022. The major factors driving the HMI market in the APAC region are continuous advancements and technological innovations in different industries, economic development in China, Japan, and India, growing infrastructure developments, and increasing foreign investment in the region. Furthermore, the emergence of China as the major manufacturing hub is increasing the scope of human machine interface (HMI) solutions in the region.

Related Reports: 

• Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Application Specific)), Product (PC Systems and Smart Camera Systems), Application, Vertical, and Geography - Global Forecast to 2022
• Machine Control System Market by Type (Total Stations, GNSS, Laser Scanners, Airborne Systems, GIS Collectors), Equipment (Excavators, Dozers, Graders, Scrapers, Loaders), Industry (Construction, Transportation, Agriculture, Mining) - Global Forecast to 2022
• Artificial Intelligence Market by Technology (Deep Learning, Robotics, Digital Personal Assistant, Querying Method, Natural Language Processing, Context Aware Processing), Offering, End-User Industry, and Geography - Global Forecast to 2022

Explore more reports on IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/ .

About Us: 

ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.

Contact:
Ritesh Tiwari
2^nd Floor, Metropole Building,
Next to Inox Theatre,
Bund Garden Road, Pune - 411013.
Maharashtra, India.
+ 1 888 391 5441
sales@reportsandreports.com

Connect with Us:  

LinkedIn: http://www.linkedin.com/company/reportsnreports

RSS/Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml