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Power & EnergyMarket Overview
of Global Industrial Automation market:The latest research study on the global Industrial Automation market finds that the global Industrial Automation market reached a value of USD 184583.41 million in 2022. It’s expected that the market will achieve USD 306941.8 million by 2028, exhibiting a CAGR of 8.85% during the forecast period.
Industrial automation helps improve product quality, reliability and productivity, while reducing production and design costs, by adopting new, innovative and integrated technologies and services. These devices and technologies can realize the automatic operation and control of industrial processes without manual intervention and have higher performance than manual control.
Limitations
Industrial automation is emerging in European and American countries. They also took the lead in entering Industry 4.0. They have rich experience in the commissioning, installation, and maintenance of industrial automation equipment. At the same time, the high costs and high maintenance costs involved in the R & D and installation of mechanical production systems. In developing countries, a lack of awareness of the benefits of industrial automation and skilled technical support may hinder market growth.
Opportunities
Although with the development of industrial automation, the risk of many jobs will be replaced by automation, is a big threat for the Labor market. However, the development of technology is the inevitable trend, therefore, in the future, whether business or government, skills training for the staff will be constantly upgrade, to adapt to the new job opportunities, to bring greater economic benefits for the enterprise.
Region Overview:
From 2023-2028, Europe is estimated to witness robust growth prospects.
Company Overview:
Siemens AG is one of the major players operating in the Industrial Automation market, holding a share of 10.49% in 2019.
Siemens AG is an engineering and manufacturing company. The Company focuses on areas of electrification, automation, and digitalization. Siemens also provides engineering solutions in automation and control, power, transportation, and medical diagnosis.
Emerson Electric Co. designs and manufactures electronic and electrical equipment, software, systems, and services. The Company offers its products for industrial, commercial, and consumer markets worldwide through its network power, process management, industrial automation, climate technologies, and commercial and residential solutions divisions.
Segmentation Overview:
Among different product types, Programmable Logic Control System (PLC) segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Automotive segment occupied the biggest share from 2018 to 2022.
The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Industrial Automation market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Research Scope
This report provides an overview of the global Industrial Automation market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Industrial Automation and its sub-markets in an intuitive way.
Key Companies in the global Industrial Automation market covered in Chapter 3:
Omron
Siemens AG
ABB Ltd
General Electric Company
Voith GmbH
Emerson Electric Company
Yaskawa Electric Corporation
Rockwell Automation, Inc.
Honeywell International Inc
Mitsubishi Electric Corporation
Toshiba Machine Corporation Ltd.
Yokogawa Electric Corporation
Schneider Electric
FANUC Corporation
In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Automation market from 2018 to 2029 is primarily split into:
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
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Automation market from 2018 to 2029 covers:
Automotive
Machine Manufacturing
Semiconductor and Electronics
Aerospace and Defense
Medical Devices
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
Key Factors Considered
COVID-19
Amid the COVID-19 crisis, the Industrial Automation market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
Chapter Outline
Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.
Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.
Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.
Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.
Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.
Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.
Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.
Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.
Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.
Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2029Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
