Industrial Automation and Control Systems Market Growth or Demand Increase or Decrease for what contains ?
The Industrial Automation and Control Systems Market is experiencing significant growth, driven by increased adoption of process automation across various industries such as automotive, energy utilities, and chemicals. The market size is expected to grow from USD 182.98 billion in 2023 to USD 318.30 billion by 2030, at a CAGR of 8.23% during the forecast period.
The market is predicted to grow significantly over the forecast period as more sectors adopt process automation, including automotive, energy utilities, and chemicals. Because of the system’s dependability and effectiveness, businesses are able to significantly reduce labour and operating costs while also minimising human errors.
Furthermore, automotive manufacturers throughout the world recognise that the next generation of robotics and automation technologies represents a game-changing chance to boost productivity, quality, safety, and cost factors in the automotive sector. Furthermore, increased robotic automation investment year after year is likely to drive demand for robot automation systems.
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Industrial Automation and Control Systems Market CAGR Estimation:
The Industrial Automation and Control Systems Market is projected to grow at a compound annual growth rate (CAGR) of 8.23% from 2024 to 2030.
Industrial Automation and Control Systems Market Overview:
The Maximise Market Research research gives clients a thorough overview of the competitive landscape and serves as a valuable resource for strategic planning. The thorough Industrial Automation and Control Systems Market overview contains detailed information on market size, trade statistics, key players, and a variety of industry indicators such as the life cycle and current trends.
Industrial Automation and Control Systems Market Segmentation:
- By Control System:
- Distributed Control Systems (DCS)
- Programmable Logic Controllers (PLC)
- Supervisory Control and Data Acquisition (SCADA)
- Others
The industrial automation and control systems market is divided into four segments: distributed control systems (DCS), programmable logic controllers (PLC), supervisory control and data acquisition (SCADA), and others. In terms of revenue, the DCS category led the market for factory automation and industrial controls in 2023. A distributed control system (DSC) is an automated management solution that monitors and controls a wide range of industrial processes. Its applications include data gathering, data visualisation, process control, process supervision, and information reporting. It is made up of a high-speed communication network and many local controllers for plant management. It also aids in the reduction of component failure risks and the prompt replacement of old technologies.
- By Component Type:
- Human-Machine Interface (HMI)
- Industrial Robots
- Control Valves
- Sensors
- Others
- By Vertical:
- Aerospace & Defense
- Automotive
- Chemical
- Energy & Utilities
- Others
Industrial Automation and Control Systems Market Growth or Demand in which regions??
- North America:
- Significant growth due to increased automation in the pharmaceutical and biotech industries, driven by rising demand for biosimilars and generic drugs.
- Government initiatives like the Industry 4.0 strategy promoting process automation and smart factories.
- Europe:
- Strong growth in automation driven by initiatives such as Germany’s Industry 4.0 strategy.
- Increased industrial automation and adoption of smart processes in manufacturing.
- Asia Pacific:
- Rapid industrialization in countries like China, India, and the Middle East.
- Government support for industrialization and development plans in sectors such as power, energy, and utilities.
Industrial Automation and Control Systems Market Scope Methodology:
The Industrial Automation and Control Systems market is competitive in terms of technical adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive analysis of the Industrial Automation and Control Systems Market’s drivers, limitations, opportunities, and problems. The Industrial Automation and Control Systems market estimates and growth rates were obtained using a bottom-up methodology.
To obtain insight into Industrial Automation and Control Systems Market penetration, pricing dynamics, demand analysis, and competitive landscape, the study did regional analysis at the local, regional, and worldwide levels. Essential information about the Industrial Automation and Control Systems Market, including players, investors, and new entrants, is provided to help with the creation of marketing strategies and investment plans.
The Industrial Automation and Control Systems Market was investigated using both primary and secondary data collection techniques. Primary methods included surveys, questionnaires, and interviews with industry executives and business owners, while secondary data sources included news announcements, annual and financial reports, white papers, and so on. The SWOT analysis was used to identify market vulnerabilities and weaknesses, and the PORTER framework was used to assess industry competitiveness in the energy-efficient lighting market.
Industrial Automation and Control Systems Market Key Players:
1.ABB
2.Emerson Electric Co.
3.Honeywell International Inc.
4.Kawasaki Heavy Industries, Ltd.
5.Mitsubishi Electric Corporation
6.OMRON Corporation
7.Rockwell Automation, Inc.
8.Schneider Electric
9.Yokogawa Electric Corporation.
10.General Electric Co.
11.Dassault Systemes SE
12.Siemens
13.M+W Group
14.Bosch Rexroth AG
15.Parker Hannifin Corporation
16.Other Key Players
Table of Content: Industrial Automation and Control Systems Market
Part 01: Executive Summary
Part 02: Scope of the Industrial Automation and Control Systems Market Report
Part 03: Global Industrial Automation and Control Systems Market Landscape
Part 04: Global Industrial Automation and Control Systems Market Sizing
Part 05: Global Industrial Automation and Control Systems Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Industrial Automation and Control Systems Market are:
- What is Industrial Automation and Control Systems Market?
- What is the growth rate of the Industrial Automation and Control Systems Market?
- Which are the factors expected to drive the Industrial Automation and Control Systems Market growth?
- What are the different segments of the Industrial Automation and Control Systems Market?
- What are the factors restraining the growth of the Industrial Automation and Control Systems Market?
- What is the demand pattern of the Industrial Automation and Control Systems Market?
- What major challenges could the Industrial Automation and Control Systems Market face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
