Industrial Internet of Things (IIoT) and connected workplaces will be the future of manufacturing. As companies become more aware of the potential benefits of IIoT integrated networking devices in process efficiency and resiliency, more companies will invest in building smart factories. Leading manufacturers have also launched smart factory solutions to seize business opportunities.
According to reports, MarketsandMarkets' recent market research report "Global Forecast to 2022" shows that the smart factory market has entered a rapid growth period, with a market size of US$205.42 billion estimated in 2022 and a compound annual growth rate between 2017 and 2022. CAGR) is 9.3%.
The report also lists key players currently entering the smart factory market, including ABB, Emerson Electric, Fanuc, GE (General Electric), Honeywell, Mitsubishi Electric, Robert Bosch, Rockaway. Rockwell AutomaTIon, Schneider Electric, Siemens, Yokogawa Electric, etc.
Networked devices, IIoT technology and industrial robots are becoming more and more popular. By real-time visualizing the production data of field devices, users can monitor processes, improve work efficiency and process flexibility, and strengthen compliance with regulations. These benefits are the result of intelligence. The key to the growth trend of the factory.
For example, the ABB Ability platform's cloud services and advanced analytics capabilities allow users to create value from the structured data provided by the system, enable connected workplaces, provide real-time insights from the factory, and improve the precision of industrial automation programs. With quality, redefining and achieving manufacturing excellence.
A large number of networking and edge devices provide further insight into everyday operations. ABB's systems use important operational performance data such as temperature and vibration to reduce job downtime, reduce energy consumption and extend device life. Small self-powered low-voltage motors, so that ABB's networked energy management system process can run smoother than ever.
ABB Ability can progressively improve complex manufacturing systems. Accumulated baseline data allows users to fine-tune industrial procedures. Advanced tools for manufacturing execution systems (MES) assist design engineers in planning, building, operating, and maintaining industrial processes, with the flexibility to adopt optimal solutions and introduce new product lines.
Combine ABB's advanced software, artificial intelligence (AI) and machine learning systems, as well as strategic partner IBM's Watson Industrial AI solution, and Microsoft's enterprise-class cloud infrastructure Microsoft Azure. Allow ABB to meet the needs of automotive, food and beverage, industrial manufacturing and other applications, reducing operating costs, improving efficiency and flexibility.
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