The major factors fueling the growth of the Human Machine Interface market are rising adoption of industrial automation in the manufacturing process, rising demand for intelligent automation solutions, and advancement of IoT.
JERSEY CITY, NJ, June 23, 2022 /PRNewswire/ — Verified Market Research recently released a report, “human machine interface market” By offering (hardware, software, cloud, on-premise), by end-use sector (paper and pulp, water and wastewater treatment), by type (interface software, touchscreen, panel remote), by application (Factory Automation, Smartphones & Tablets, Consumer Electronics Applications), and by Geography. According to verified market research, the Human Machine Interface market size was valued at $3.44 billion in 2021 and is expected to reach $7.17 billion by 2030, growing at a CAGR of 8.74% from 2022 to 2030.
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Global human-machine interface market overview
The major driver of growth in the Human Machine Interface market is that HMI has significantly improved manufacturing processes in various verticals including Chemical & Petrochemical, Paper & Pulp, Water Treatment and Wastewater, Energy and Utilities, Oil and Gas, Pharmaceuticals. , Food and drink, Automotive. Thus, the utilization of HMI in various avenues is driving the growth of the Human Machine Interface market. In addition, the HMI enables data acquisition and supervisory control throughout the system, allowing parameters to be changed as operators choose. For example, in metal fabrication, the HMI will control the method and speed at which metal is going to be cut and bent.
Additionally, the growth of Internet of Things (IoT) across the globe is driving the demand for the human-machine interface market as the increasing use of connected devices demands more sophisticated HMIs. Factory automation devices and industrial controls are implemented to eliminate human intervention in the product and service development process. This, in turn, helps reduce production and labor costs, thereby helping to increase production. The human-machine interface plays a crucial role in industrial automation that improves industrial controls.
In February 2020, Rockwell Automation has acquired HMI and IPC market expert ASEM to strengthen its control and visualization portfolio. This acquisition will help expand Rockwell’s control and visualization hardware and software portfolio, which will enhance the company’s ability to deliver high-performance integrated automation solutions.
In September 2019, ABB launched next-generation HMIs, it reinvented process control to make real-time information more accessible to operators. The company has launched a new version of Minerals Process Control Library with a new graphical visual control interface, the first to display process information in its situational context.
Major market players are ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., Mitsubishi Corporation., Schneider, Electric Se., Emerson Electric Co., Eaton Corporation, Dassault Systems, Advantech Co, Ltd and Yokogawa among others .
Verified Market Research has segmented the global human-machine interface market on the basis of supply, end-use industry, type, application, and geography.
Human Machine Interface Market, By Offer
Human Machine Interface Market, By End-Use Industry
Human Machine Interface Market, By Type
Human Machine Interface Market, By Application
Human Machine Interface Market, By Geography
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