Industrial Automation Market size was valued at USD 159.5 Billion in 2021, registering a CAGR of 10.5% during the forecast period (2022-2030), and the market is projected to be worth USD 391.7 Billion by 2030.
The practise of applying intelligent technology to industrial processes in order to replace manual, monotonous, repetitive operations with highly efficient and automated workflows is known as industrial automation. Furthermore, automation reduces production costs, boosts productivity, improves quality, and improves industrial safety. Furthermore, when compared to outsourcing or moving offshore, it enhances process control and dramatically reduces lead times.
Industrial Automation Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Component (Hardware, Software, Service), By Application (Industrial Sensors, Machine Vision Systems, Field Instruments, Industrial Robots, Human machine Interface, Industrial PCs, Others), By Software Type (Manufacturing Execution System, Industrial Safety, Plant Asset Management, Supervisory Control And Data Acquisition), By Industrial Vertical (Oil and Gas, Manufacturing, Automotive, Healthcare, Food and beverages, Chemicals, Energy and Power) and companies (Rockwell Automation, Schneider Electricm, Siemens, Yokogawa Electric, Omron Corporation, ABB, Emerson Electric Co., Fanuc, General Electric, Honeywell International, Mitsubihi Electric), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 10.5%, over the forecast period of 2022–2030.
The increased adoption of Industrial Automation in the Sensors & Controls industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Industrial Automation also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Industrial Automation in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||391.7 Billion|
|By Component||Hardware, Software, Service|
|By Application||Industrial Sensors, Machine Vision Systems, Field Instruments, Industrial Robots, Human machine Interface, Industrial PCs, Others|
|By Software Type||Manufacturing Execution System, Industrial Safety, Plant Asset Management, Supervisory Control And Data Acquisition|
|By Industry Vertical||Oil and Gas, Manufacturing, Automotive, Healthcare, Food and beverages, Chemicals, Energy and Power|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Rockwell Automation, Schneider Electricm, Siemens, Yokogawa Electric, Omron Corporation, ABB, Emerson Electric Co., Fanuc, General Electric, Honeywell International, Mitsubihi Electric|
The COVID-19 pandemic has had a substantial negative influence on the Industrial Automation market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Rockwell Automation, Schneider Electricm, Siemens, Yokogawa Electric, Omron Corporation, ABB, Emerson Electric Co., Fanuc, General Electric, Honeywell International, Mitsubihi Electric
Market Segment Analysis:
- Industrial Sensors
- Machine Vision Systems
- Field Instruments
- Industrial Robots
- Human machine Interface
- Industrial PCs
By Software Type
- Manufacturing Execution System
- Industrial Safety
- Plant Asset Management
- Supervisory Control And Data Acquisition
- Programmable Logic Controller
- Distributed Control System
By Industry Vertical
- Oil and Gas
- Food and bevarages
- Energy and Power
- Metal and Mining
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Industrial Automation industries in the region.
Key Industrial Automation Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Industrial Automation Market segments.
– Largest Market Share Held by Industry to Industry for Industrial Automation
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Industrial Automation Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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