Industrial Automation Control Market is valued at USD 148.42 Billion in 2020 and expected to reach USD 264.42 Billion by 2027 with the CAGR of 8.6% over the forecast period.
Global Industrial Automation Control Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- The Major factors driving growth of the global Industrial Automation Control market is increasing demand for process automation from various industries, coupled with increasing penetration and adoption of internet of things (IoT).
Industrial automation is the use of control systems such as computers or robots, and information technologies for handling different processes and machineries in an industry to replace a human being. It is the second step beyond mechanization in the scope of industrialization. Industrial automation control systems involve the integration of devices, machines, and equipment within the manufacturing plant. Industrial automation control system solutions require secure infrastructures to enable communications and data transfers as well as smart devices for the collection of data. It is also require hardware, software, and communication solutions that turn the data collected by the sensors into information that results in an automatic action. Examples of this automation system are numerically controlled machines, paper mills, steel rolling mills, industrial robots, etc.
Global Industrial Automation Control market report is segmented on the basis of type and application. Based upon type Industrial Automation Control is classified into Sensors, DCS, Drives, SCADA and PLC. Based upon application Industrial Automation Control is classified into Process Industry and Discrete Industry.
The regions covered in this global Industrial Automation Control market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level market of Industrial Automation Control is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Industrial Automation Control market Report covers prominent players are like
Emerson Launches Modular Industrial Displays to Minimize Lifecycle Cost in Industrial Applications
News: - Jan. 27, 2020, Emerson has released the new portfolio of RXi industrial display and panel PC products for monitoring, visualizing and enhancing everyday production processes in life sciences, metals and mining, power and water, and manufacturing and machinery. A modular design is foundational to the industrial display platform, enabling users to select the right configuration based on application needs and minimizing lifecycle cost through flexibility, easy serviceability, and field upgradeability. In addition, the vivid and responsive displays improve an operator’s capabilities to make better decisions.
The Industrial Automation Control market is anticipated to witness significant growth over the forecast period on account of the increasing adoption of process automation across various industries such as automotive, energy utilities, and chemicals. Through automation, the companies are significantly reducing labor and operational expenses as well as minimizing human errors due to the system’s reliability and efficiency. According to public power Association, in 2017, more than 40% of this electricity was generated from non-carbon emitting sources. 10% of electricity generated in the U.S. is from public power facilities. Public power utilities generate more than USD58billion in annual revenue and invest more than USD2 billion annually directly back into the community. Adoption of internet of things (IoT) is also predicted to drive the growth of this market. In the automotive sector, IoT has enabled greater transportation efficiency and management capabilities and is leading us to a future of intelligent, autonomous vehicles. Those who use the IoT in industrial automation processes can connect multiple sites and locations so that they operate in harmony. According to IoT Analytics, the global IoT market reached USD151 billion in 2018 and is forecasted to grow to USD1, 567Billion by 2025. The Massive Opportunities in the Internet of Things Stats That Show The global internet of things (IoT) in banking, financial services, and insurance (BFSI) market size was valued at USD 17.85 billion in 2018 and is projected to reach USD 116.27 billion by 2026. High capital investments and high associated cost of services and maintenance are major factors expected to hamper growth of the global industrial control and factory automation market. In addition, lack of skilled professionals is another factor restraining growth of the target market. Moreover, Increase in demand for cloud-based services and growth in deployment of smart grid solutions to product critical infrastructure from cyber-attacks provide lucrative growth opportunity to industrial controls market.
North America is expected to dominate the growth of Industrial Automation Control Market, due to increasing demand for efficient and cost-effective automated production and manufacturing systems & machines. Currently, competitive economic conditions are compelling industries to increase production in a cost-effective manner. Increasing demand for industrial automation predicted to growth in e-commerce. The U.S. manufacturing employment has declined over the past 25 years, the future outlook is bright. Taken alone, the U.S. manufacturing sector would be the ninth-largest economy in the world, according to the National Association of Manufacturers. According to international trade administration, the United States has one of the largest automotive markets in the world. In 2018, U.S. light vehicle sales reached 17.2 million units, the fourth straight year in which sales reached or surpassed 17 million units. Overall, the United States is the world’s second-largest market for vehicle sales and production. Europe is second largest region for the growth of this market. Increasing awareness about virtual software and flexibility achieved by deploying automation software is further expected to surge the demand for virtualization in the global industrial automation control market in Europe during the forecast period.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 148.42 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||8.60 %|
|Market Size Expected in 2027:||USD 264.42 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||ABB, Emerson Electric, Honeywell, Rockwell Automation, Siemens, Toshiba, Mitsubishi, Omron , Others|
|Segments Covered||By Type, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Key Benefits for Global Industrial Automation Control Market Reports –
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa.
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