The COVID-19 pandemic and lockdown restrictions across the region have affected industrial activities including disruption of supply chain. However, the pandemic has forced manufacturing industries to re-evaluate their traditional production processes and adapt to smart manufacturing practices across the production lines.

- Following the global economic recession led by COVID-19, the Middle Eastern and African factory automation and industrial control system market has witnessed positive impact from the demand side and mixed impact from the supply side in the first half of 2020. Smart factory initiatives have helped manufacturers overcome COVID-19 challenges and address issues such as workforce reductions, drops in sales for some specific products, social distancing, and extreme pressure to cut operational costs since most enterprises operating in the end-user industries (majorly manufacturing, automotive) had shuttered down their production sites due to lockdown restrictions.

- The GCC is eyeing a new manufacturing era based on modern industrial society. The increasing active collaborations between government, regulators, and organizations for economic development is one of the major factors driving growth in the region's automation and manufacturing sectors.

- The market in these countries is majorly driven by increasing investments in the oil and gas industry. The progress in the oil and gas sector is translating into other industries and notably energy solutions. For instance, in October 2019, the Nigerian government partnered with the Government of Norway to work out measures that will help in the expansion of Nigeria's power sector.

- Saudi Arabia initiated USD 7 billion of renewable energy projects in 2018, with solar plants being the frontrunner. It is part of its plan to install 9.5 gigawatts of solar and wind capacity by 2023. such infrastructural developments are likely to provide for industrial controls and factory automation solutions.

Key Market Trends

Oil and Gas Industry to Drive the Market Growth

Free Sample report for this report is available :- https://www.statzyreports.com/report/sr496817/middle-east-and-africa-factory-automation-and-industrial-controls-market

- The oil and gas industry is home to several government regulations for safety, reliability in the plant, and efficiency. The ICS finds applications in Remote Terminal Units (RTU) and pumping and compression stations to ensure safety.

- In order to maintain the safety and environmental integrity without compromising on the efficiency of production, the oil and gas industry is increasingly adopting ICS. Automation helps in integrating information and control, power, and safety solutions to meet the demand for affordable energy and stringent government regulations.

- Moreover, the prevention of downtime and improving overall asset performance can be done through real-time monitoring of data from the ESPs. The effectiveness of oil and gas operators can be improved with the adoption of DCS, which enhances alarm management, provides proactive maintenance, and offers guided decision-making, improving overall asset performance.

- Due to its pre-salt development plans, the oil and gas segment is expected to witness steady growth in the coming years. The utilization of Big Data and the Internet of Things (IoT) is expected to help determine further opportunities for the companies. Moreover, the region has significant oil and gas rigs, offering ample opportunities for the market to grow in the region.

Saudi Arabia Holds Significant Market Share

- Saudi Arabia is expected to be one of the leading regions in the Middle East & Africa region in the factory automation and industrial control system market, owing to increasing government investments in new technologies. Industry 4.0 is also playing a vital role in the future of the country’s automation and manufacturing sector.

- Many mega projects, such as Saudi’s NEOM city, are also driving advanced control systems and automation in infrastructure development. Focus on the manufacturing sector led by Industry 4.0 indicates the companies readiness to adopt new technologies to boost production output at a better quality.

- The country has announced an investment of USD 500 billion into nine key investment sectors in the city: energy and water, mobility, biotech, food, technological and digital sciences, advanced manufacturing, media, and entertainment. Hence, the studied market has a tremendous opportunity for growth in Saudi Arabia over the forecast period.

- Notably, Saudi Arabia’s 2030 Vision calls for leveraging the Kingdom’s location, strategic partnerships, energy sources, and logistics to stimulate a new industrialization phase and automation in the country. It aims to bring manufacturing half of the Kingdom’s military needs within the Kingdom by 2030 and to automate the Kingdom’s renewable energy and industrial manufacturing sector.

Competitive Landscape

The Middle East and Africa factory automation and industrial controls market is moderately fragmented. Players are involved in product development and strategic activities such as partnerships, mergers, and acquisitions.

- September 2020 - COPA-DATA’s Zenon software platform was established as the standard software for digitalization and automation in the energy and utility sectors. In addition to strengthen market coverage in the region, COPA-DATA CEE/ME has founded a permanent branch office in Saudi Arabia.

- June 2020 - Rockwell Automation Inc. and PTC introduced Factory Insights as a Service, a turnkey cloud solution that enables manufacturers to achieve unprecedented impact, speed, and scale with their digital transformation initiatives.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit : https://www.statzyreports.com/report/sr496817/middle-east-and-africa-factory-automation-and-industrial-controls-market
Contact Us:
Poojan Dogra
Public Relations Manager
Email : [email protected]
Email : [email protected]
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com