Industrial Automation Market: Global Trends, Share, Growth, Opportunity And 2031 | ABB Ltd, Siemens AG, Yokogawa Electric Corporation, Robert Bosch GmbH, Schneider Electric SE, OMRON Corporation, Advantech Co.

Published January 31, 2023

According to a new market research report published by Global Insight Services  Industrial Automation Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Industrial automation is the use of technology and control systems to reduce or eliminate the need for human intervention in the manufacture or operation of equipment and machinery. Automation can be used in a variety of industries, including manufacturing, food and beverage processing, transportation, healthcare, and others. In most cases, industrial automation is used to improve efficiency, productivity, and safety. 

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Top Key Players in Industrial Automation market: ABB Ltd, Siemens AG, Yokogawa Electric Corporation, Robert Bosch GmbH, Schneider Electric SE, OMRON Corporation, Advantech Co. 

Key Trends 

There are several key trends in industrial automation technology. One of the most significant is the trend toward using more sophisticated sensors and control systems. This allows manufacturers to automate more processes and to more accurately monitor and control their production lines.Another key trend is the increasing use of robotics. Robotics can be used for a variety of tasks, including welding, fabricating, and assembling parts. This allows manufacturers to automate more of their production processes, which can increase efficiency and productivity.

Key Drivers

The key drivers of the industrial automation market are the increasing labor costs, the need for increased productivity, and the need for improved quality control. The labor cost is the major driver for the market as it accounts for a large share of the total manufacturing cost.

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Market Segments 

The industrial automation market report is bifurcated on the basis of component, solution, industry, and region. On the basis of component, it is segmented into industrial sensors, field instruments, industrial PC, and others. By solution, it is divided into SCADA, PAM, PLC, and others. By industry it is divided into process industries and discrete industries. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Reasons to buy Industrial Automation Report:

  • Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
  • Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
  • Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
  • Develop business and M&A strategies through understanding of latest trends and emerging players in the market
  • Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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Key Questions answered in the report:

  • How is the market structured and what the key drivers and trends of this industry?
  • How is the market segmented and what is the size of each segment?
  • Which segments and geographies provide best growth opportunities?
  • What’s the competitive landscape and positioning of players in this market?
  • What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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