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The newest report from Data Bridge Market Research, “Industrial Automation Market” examines growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive environment in detail. In order to thrive in the rapidly evolving marketplace, businesses today require innovative and exceptional solutions. The Industrial Automation market research report serves as an outstanding resource, offering up-to-date technical and financial insights into the industry until 2030. Clients gain an unparalleled understanding of the best market opportunities within their respective sectors through this comprehensive report. Market segmentation is extensively covered, considering multiple aspects that can greatly assist businesses.
Data Bridge Market Research analyses that the Industrial Automation Market was valued at USD 175.76 billion in 2022 and is expected to reach USD 399.24 billion by 2030, registering a CAGR of 10.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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The industrial automation market is growing swiftly owing to the high adoption of automation solutions in the oil & gas, chemicals & materials, manufacturing and pharmaceutical sectors. The “distributed control system (DCS)” is expected to be the -growing solution segment due to the high adoption rate of Industrial internet of things (IIOT) to deploy automated control systems. This system is also used to control boiler side valves, boiler coal firing and fans, among other machineries of power generation processes.
Industrial Automation Market Drivers
Governments in Asia-Pacific and Europe are supporting the adoption of industrial automation systems and technologies for the digitalization of their individual manufacturing industry. For instance, Chinese government capitalised $577 million in emerging industrial robots under its Made in China plan in 2019, In this plan, the government goals to improve the production capabilities of Chinese sector. Under its 5 year Robot Industry Development Plan, China strategies to develop best robot manufacturers which create around 8–10 industrial clusters. Furthermore, the U.K. government announced plans to spend about $180 million on its “Manufacturing Made Smarter” scheme In September 2020, which is intended to promote innovation and interconnectivity in the country’s manufacturing sector.
Many industrial manufacturing procedures can be dangerous to humans. All over the manufacturing process, mechanical faults or human errors can result in deadly occurrences. As a result of this, the industrial automation industry must integrate safety measures to stop workplace accidents. Safety compliance automation products support in decreasing the danger of an accident. As a result, these safety instruments are manufactured to react reliably and swiftly. the International Standard Organization (ISO) and the Worldwide Electrotechnical Commission (IEC) manage international safety standards for machinery to assure product quality, worker safety, and technical compatibility of products and services.
Top Leading Key Players of Industrial Automation Market:
Recent Development
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Key Market Segments Covered in Industrial Automation Industry Research
Type
Component
Solution
Mode of Automation
End-use Industry
Industrial Automation Market Regional Analysis/Insights
The countries covered in the Industrial Automation Market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Table of Contents:
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-automation-market&Somesh=
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About Data Bridge Market Research, Private Ltd
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”
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