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The HMI market was valued at USD 4.3 billion in 2020 and is expected to reach USD 5.6 billion by 2025, at a CAGR of 5.2% from 2020 to 2025NEW YORK, June 2, 2020 /PRNewswire/ -- HMI market is expected to showcase significant growth from 2020 to 2025. APAC to continue to dominate global HMI market throughout forecast period. APAC is expected to continue to hold the largest share of the human machine interface market from 2020 to 2025.Factors such as increasing manufacturing activities, growing economic and infrastructural development, and rising FDIs in APAC are encouraging the adoption of HMI solutions in various industries in this region. With various industries shifting their manufacturing bases in APAC to capitalize on the availability of skilled and relatively cheap labor, APAC has transformed into a major manufacturing hub. The process and discrete manufacturing industries present in the region are progressively adopting automated technologies, which is one of the major factors driving the growth of the HMI market in APAC. Breakdown of the profiles of primary participants for the report has been given below: • By Company Type: Tier 1 = 39%, Tier 2 = 41%, and Tier 3 = 20% • By Designation: C-Level Executives = 42%, Directors = 36%, and Others = 22% • By Region: North America = 34%, Europe= 24%, APAC = 22%, and RoW = 20% The key players operating in the human machine interface market are ABB Ltd. (Europe), Rockwell Automation (US), and Siemens AG (Germany), Advantech Co, Ltd (Taiwan), Emerson Electric Co. (US), General Electric (US), Honeywell International, Inc (US), Mitsubishi Electric Corporation (Japan), Schneider (Europe), and Yokogawa (Japan). The research report analyzes the human machine interface market based on end-user industry, offering, configuration, and geography.Based on offering, the market has been segmented into hardware and software. Based on configuration, the human machine interface market has been classified into embedded HMI and stand-alone HMI.Based on end-user industry, the market has been classified into process and discrete industries. The report studies the HMI market for 3 regions—Americas, EMEA, and APAC. Reasons to Buy the Report: The illustrative segmentation, analysis, and forecast of the market based on end-user industry, offerings, configuration, and geography have been conducted to give an overall view of the human machine interface market. Major drivers, restraints, opportunities, and challenges pertaining to the human machine interface market have been detailed in this report. The report includes a detailed overview of the competitive landscape, along with the profiles of key market players. Read the full report: https://www.reportlinker.com/p05213599/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
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