Industrial Automation Market Size Was USD 133.10 Billion In 2021 And Is Expected To Reach USD 217.2 Billion By 2027, At A CAGR Of 8.5% Percent, During The Forecast Period.
Market Overview:
Maximize Industry Research provides a high-level overview of the Industrial Automation Market, as well as current market snapshots and an in-depth explanation of its features. The market’s researched insights, as well as its ever-changing trends, industry environment, and all of the market’s major aspects, are all thoroughly examined in this study. This research method was used to examine the global Industrial Automation market, and the findings were presented in this report in a logical order.
Industrial Automation Market Scope:
The Industrial Automation Market Report provides a comprehensive analysis of market trends, dynamics, and other concerns. The reporting and analysis of the most important happenings that will have a market impact. It may help you identify the data in the research, as well as examine the competitive landscape of key businesses, market dynamics, and other factors that can help you determine whether your present marketing tactics are on track and how to enhance them.
The qualitative and quantitative data in the Industrial Automation Market report will help decision-makers understand which market segments, geographies, and driving factors are projected to expand at faster rates, as well as big potential areas.
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Industrial Automation Market Drivers:
As a consequence of global economic expansion, the market is expected to rise rapidly throughout the forecast period. Furthermore, the industrial automation market is being boosted by substantial growth in the CNC technology sector, particularly in Asia Pacific and Europe. The industrial automation industry is becoming a more tempting investment proposition for businesses all around the world. As a result, future production tools and real-time analytics will be more frequently adopted.
Computer-aided systems advancements, the industrial internet of things (IIoT), and future engineering 5G technologies are all predicted to fuel market expansion throughout the projection period. Continuous advancements in the field of Industrial IoT also contribute to the expansion of the automation industry and open up new business models. Red Lion, for example, debuted an innovative Signal Conditioner Automation Type line in June 2019. Aside from that, the global industrial automation market faces significant risks in a number of areas throughout the world, as the technology allows robots and computers to replace human labour.
Industrial Automation Market Segmentation:
By Automation Type:
Distributed Control System (DCS)
Programmable Logic Control System (PLC)
Machine Vision System
Manufacturing Execution System (MES)
Human Machine Interface (HMI)
Supervisory Control and Data Acquisition (SCADA)
Product Lifecycle Management (PLM)
Plant Asset Management
Computer Numerical Control (CNC) routers
Electronic Control Units (ECU)
Others
By End User:
Automation and Transportation
Metals and Mining
Oil and Gas
Pulp and Paper
Hydro power
Energy and Power System
Chemical
Material and Food
Measurement and Instrumentation
Industrial Automation Market Regional Analysis:
This report is divided into several key countries, each with its own market size, growth rate, import and export of Industrial Automation Market, which covers North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
North America dominates the industrial automation market in the region, in terms of revenue. The demand for novel manufacturing robotic technology is increasing across the sector, which is driving this growth. The region’s success is partly attributed to the strong manufacturing capabilities and trade potential of significant enterprises. The United States recently exported automation equipment worth USD 12.7 billion, according to the International Trade Administration. In addition, the United States is the world’s third-largest exporter, after only China and Germany. On a worldwide basis, the United States is a competitive top–tier provider of automation equipment.
COVID-19 Impact Analysis on Industrial Automation Market:
COVID 19 has a significant influence on the Industrial Automation Market in North America, Asia Pacific, the Middle East, Europe, and South America, according to the research. During this crisis, the research offers a complete examination of Industrial Automation Market alternatives, severe conditions, and harsh scenarios. The report briefly summarises the earnings as well as the financial and market growth challenges that were experienced during COVID-19 crisis.
Industrial Automation Market Key Players:
ABB Ltd.
Honeywell International Inc.
FANUC Corporation
Yaskawa Electric Corporation
Toshiba Machine Corporation Ltd.
Yokogawa Electric Corporation
Emerson Electric Company
General Electric Company
Rockwell Automation, Inc.
Mitsubishi Electric Corporation
Voith GmbH
GE Company
Honeywell International Incorporation
Omron Corporation
Schneider Electric SA
Siemens AG
Kuka AG
Keyence Corporation
Fanuc Corporation
Bosch Rexroth
Fuji Electric Co., Ltd.
Endress+Hauser AG
Hitachi Ltd.
Yaskawa Electric Corporation
Danaher Corporation
Ropoer Technologies
Phoenix Contact
AVEV
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