Research and Markets has announced the addition of the "Human Machine Interface Market (HMI) by Offering, Configuration Type - Global Forecast to 2022" report to their offering.

The 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.

The key driving factors for the growth of the 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 HMI are some of the key factors restraining the growth of the HMI market.

The 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 HMI software during the forecast period.

The oil and gas industry is expected to hold the largest size of the 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 HMI solutions for ensuring the safety and operational efficiency of the oil and gas plants.

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 HMI solutions in the region.

Companies Mentioned:

  • ABB Ltd.
  • Advantech Co., Ltd.
  • Emerson Electric Co.
  • General Electric Co.
  • Honeywell International, Inc.
  • Kontron AG
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric Se
  • Siemens AG
  • Yokogawa Electric Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market Analysis, By Offering

8 Market Analysis, By Configuration Type

9 Sales Channels for HMI Solutions

10 Market, By End-User Industry

11 Geographical Analysis

12 Competitive Landscape

13 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/zqxv94/human_machine