Industrial Automation Market Size [2023-2028] | To US $ 395.09 Billion, While Exhibiting an Impressive CAGR of 9.8% with Key Players - ABB, Emerson Electric, General Electric, Honeywell International

Industrial automation is increasingly being used to improve process control and save lead times, driving market expansion.

In 2021, the market for industrial automation was estimated to be worth USD 191.89 billion. With a CAGR of 9.8%, the market is anticipated to grow from USD 205.86 billion in 2022 to USD 395.09 billion in 2028. The availability of 5G wireless technology and Industry 4.0's increasing adoption are increasing the demand for automation solutions. Digital twins, industrial IoT, and augmented reality (AR) are projected to be important growth indicators for the worldwide industrial automation market.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/sample/Semiconductor-Electronics/factory-industrial-automation/25635

A cloud-based platform for product digitization and traceability called Kezzler AS and Rockwell Automation Inc. entered into a partnership in July 2021. The alliance intends to make it possible for producers to track their products from raw material suppliers to point of sale and beyond using cloud-based chain technologies.

𝐇𝐚𝐫𝐝𝐰𝐚𝐫𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐞 𝐭𝐡𝐞 𝐌𝐨𝐬𝐭 𝐭𝐨 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

With an estimated 35% of the overall revenue generated in the industrial automation industry over the next several years, Distributed Control Systems (DCS) are anticipated to drive a sizable amount of market revenue. Compared to conventional automation systems, DCS offers more features and capabilities. They can gather data from a variety of sources, including equipment, process parameters, and environmental factors, which aids in monitoring, regulating, and improving the manufacturing process. Additionally, they offer a consolidated platform for managing diverse production line components, giving production managers total command over the procedure.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/enquire/Semiconductor-Electronics/factory-industrial-automation/25635

The hardware industry is anticipated to contribute the most. Due to their crucial function in automation operations, industrial automation hardware components are becoming more in demand. The development of new technologies like robots and control systems, which lower labor costs, increase production rates, and improve product quality, has been sparked by the demand for effective and economical solutions.

𝐅𝐨𝐮𝐫𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐭𝐨 𝐄𝐦𝐛𝐫𝐚𝐜𝐞 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭

Industry 4.0 has altered the digital supply chain across all industries. Industry 4.0 must be adopted by businesses in order to adapt to changing client demands, such as those for individualized and rapid services. Due to the quick development of technology, business stakeholders work with tech-savvy firms to develop cutting-edge solutions based on tried-and-true technologies.

𝐋𝐈𝐒𝐓 𝐎𝐅 𝐊𝐄𝐘 𝐂𝐎𝐌𝐏𝐀𝐍𝐈𝐄𝐒 𝐏𝐑𝐎𝐅𝐈𝐋𝐄𝐃:
-ABB (Switzerland)
-Emerson Electric Co. (U.S.)
-General Electric Company (U.S.)
-Honeywell International Inc. (U.S.)
-Mitsubishi Electric Corporation. (Japan)
-Omron Corporation (Japan)
-Rockwell Automation Inc. (U.S.)
-Schneider Electric SE (France)
-Siemens AG (Germany)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐁𝐲

𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭:
-Hardware
-Software

𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐚𝐧𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐒𝐲𝐬𝐭𝐞𝐦:
-Distributed Control System (DCS)
-Supervisory Control and Data Acquisition System (SCADA)
-Manufacturing Execution System (MES)
-Safety Instrumented System (SIS)
-Programmable Logic Controllers (PLC)
-Human Machine Interface (HMI)

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
-Discrete Automation
-Process Automation

𝐑𝐞𝐜𝐞𝐧𝐭 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 :

In February 2020, Honeywell International Inc. and Tech Mahindra Limited teamed up to build digitally-enabled "Factories of the Future." By empowering manufacturers, the alliance and collaboration want to accelerate digital transformation. Similar to this, Siemens AG and SAP SE collaborated to offer enterprises business processes that are industry 4.0 enabled. These steps will make it possible to create a digital thread that runs across the full product lifecycle.

July 2021- Collaboration between Rockwell Automation Inc. and Kezzler AS, a cloud-based platform for product digitization and traceability. The alliance intends to make it possible for producers to track their products from raw material suppliers to point of sale and beyond using cloud-based chain technologies.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂@ https://www.extrapolate.com/Semiconductor-Electronics/factory-industrial-automation/25635

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐇𝐢𝐠𝐡 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Japan produces the most robots and industrial automation systems, making the Asia Pacific region a significant market for this technology. Japan's industrial automation demand is aided by the availability of robotics and automation equipment and by the existence of significant market participants including Yaskawa Electric, Omron Corp., Yokogawa Electric, Nidec Corp., and Mitsubishi Electric.

China is a major producer of sensors, microchips, batteries, and other IoT components, making Asia Pacific a significant market contributor. Additionally, government initiatives in India like Make in India and MSME help small and medium-sized businesses embrace cutting-edge manufacturing techniques. According to projections, the government's active initiatives will encourage market expansion in this area.

𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐁𝐲 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐭𝐨 𝐀𝐭𝐭𝐫𝐚𝐜𝐭 𝐇𝐢𝐠𝐡 𝐏𝐚𝐲𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫𝐬 𝐀𝐦𝐢𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝟒.𝟎

The leading companies are successful at innovating the machinery by including numerous technical elements like robotics, sensors, and other market-driving potential. Because of the sophisticated internal system's decreased worker force, less mistakes, and quicker operation of the work, the market has improved during the forecast period. Industrial automation is increasingly in demand as a result of growing awareness and technological advancements. The use of industrial automation is expanding as a result of the expansion of smart, secure, safe, and consistent operational manufacturing.

𝐓𝐀𝐁𝐋𝐄 𝐎𝐅 𝐂𝐎𝐍𝐓𝐄𝐍𝐓𝐒:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Industrial Automation Market
Chapter 5. Global Industrial Automation Market Overview, By Component, 2015 - 2028(USD Million)
Chapter 6. Global Industrial Automation Market Overview, By Control and Safety System, 2015 - 2028(USD Million)
Chapter 7. Global Industrial Automation Market Overview, By Industry, 2015 - 2028(USD Million)
Chapter 8. Global Industrial Automation Market Overview, By Geography, 2015 - 2028(USD Million)
Chapter 9. North America Industrial Automation Market Overview, By Countries, 2015 - 2028(USD Million)
Chapter 10. Europe Industrial Automation Market Overview, By Countries, 2015 - 2028(USD Million)
...Continued

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
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