Market Share of HMI Industry
The intensity of competitive rivalry in this market is high due to large-scale companies, such as ABB Ltd, Siemens AG, Rockwell Automation Inc., Honeywell International Inc., and Schneider Electric SE. Changing operational and business needs have actuated supported advancements regarding HMI innovation. Evolved forms of HMI, such as high-performance HMIs, touch screens, mobile devices, and more traditional models, are available in the market. The players in this industry are continually developing new product portfolios to gain competitive advantages with mergers and acquisitions, partnerships, and constant innovations.
- August 2022 - ABB India announced that the company has developed and elevated its smart power factory in Nelamangala, Bengaluru, to fulfill the substantial demand for the solutions and energy management technologies offered by the company. Moreover, the company also said that the smart facility harnesses advanced collaborative robotics technology for better human-machine interface (HMI), artificial intelligence (AI), and advanced digitalization technologies to construct a sophisticated, automated, and flexible future-ready factory.
- October 2022 - Schneider Electric released new updates to its EcoStruxure domain architecture and platform, EcoStruxure Power. According to the company, with the integration of ETAP Operator Training Software (eOTS) and EcoStruxure Power Operation energy management software, facility managers can experience a highly realistic Power Operation training environment driven by ETAP's electrical digital twin. Moreover, the integration allows all EcoStruxure Power Operation systems to continuously connect with ETAP Electrical Digital Twin and are designed and validated against contingencies utilizing their familiar EcoStruxure Power Operation human-machine interface.
Human Machine Interface Market Leaders
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Honeywell International Inc.
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Siemens AG
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Rockwell Automation Inc.
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Schneider Electric SE
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ABB Ltd
*Disclaimer: Major Players sorted in no particular order
