Press release
Industrial Automation Market Technological Outlook and Raw Material Trends, 2023-2030
Industrial Automation Market
The rapid advancement of the manufacturing industry in Europe, the Middle East, and Africa has ushered in highly lucrative opportunities for the robotics sector. Industrial automation technologies are empowering companies to access real-time data from the plant floor, enabling them to integrate corporate data and manage multi-plant operations seamlessly. This capability is poised to expedite the growth of the industrial automation market significantly. For instance, Human-Machine Interface (HMI) systems empower manufacturers to closely monitor manufacturing processes and respond swiftly to changing production requirements, ultimately enhancing operational efficiency and reducing unplanned downtime, thereby offering greater transparency.
Moreover, the implementation of predictive maintenance and asset management systems furnishes users with valuable insights into equipment conditions by continuously monitoring various factors such as temperature, current, voltage, speed, vibration, and location. These systems also forecast when components are likely to fail, enabling proactive measures to be taken, thereby enhancing overall operational efficiency. Consequently, the elimination of unplanned downtime and reduced production waste become achievable objectives.
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Industrial Automation Market Report Scope and Research Methodology :
Industrial automation refers to the management of machinery and operations within diverse industrial sectors through the utilization of autonomous technologies like robotics and computer software. According to estimates from MMR, the global implementation of automation in the manufacturing industry is projected to attain a total value of $4.92 trillion by the year 2030. This implementation is anticipated to result in substantial time savings, with the manufacturing sector poised to benefit from approximately 749 billion working hours saved by automating around 64.2% of manufacturing tasks and processes.
Furthermore, the Industrial automation market is forecasted to experience significant growth, estimated at 8.5% during the specified forecast period. This growth can be attributed to the increasing adoption of process automation technology across a range of industrial sectors, including automotive, chemical, and energy utilities. The comprehensive report not only assesses the impact of industrial automation on output, top-line revenue, and supply chain efficiency but also highlights the improvements in product quality. Leveraging the expertise of research analysts specialized in the field of automation, the report meticulously examines the return on investment, encompassing both tangible and intangible benefits, within distinct industries and regions.
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What is Industrial Automation Market Segmentation:
by Components
1. Industrial Robots
2. Machine Vision System
3. Process Analyzer
4. Field Instruments
5. Human Machine Interface (HMI)
6. Industrial PC
7. Industrial Sensors
8. Industrial 3D Printing
9. Vibration Monitoring
by Solutions
1. Supervisory Control And Data Acquisition (SCADA)
2. Programmable Logic Controller (PLC)
3. Distributed Control System (DCS)
4. Manufacturing Execution System (MES)
5. Industrial Safety
6. Plant Asset Management (PAM)
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Who are Industrial Automation Market Key Players:
1. FANUC (Japan)
2. Yaskawa Electric Corporation (Japan)
3. Toshiba Corporation (Japan)
4. Yokogawa Electric Corporation (Japan)
5. Fuji Electric Co., Ltd. (Japan)
6. Hitachi, Ltd. (Japan)
7. Omron Corporation (Japan)
8. Mitsubishi Electric Corporation (Japan)
9. Keyence Corporation (Japan)
10. Accurate Industrial Controls Pvt. Ltd. (India)
11. Honeywell International Inc (US)
12. Emerson Electric Co. (US)
13. General Electric Company (US)
14. Rockwell Automation, Inc (US)
15. Danaher Corporation (US)
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Industrial Automation Market Regional Insights:
The North America Industrial Automation Market is poised for accelerated growth in terms of revenue during the forecast period, surpassing its performance in 2021 and 2022. This surge can be attributed to the escalating demand for cutting-edge manufacturing robotic technologies across various industry sectors. Additionally, the region benefits from the robust production capabilities and substantial trading potential of key companies, further bolstering its industrial automation market.
Table of content for the Industrial Automation Market includes:
1. Global Industrial Automation Market: Research Methodology
1. Global Industrial Automation Market : Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Industrial Automation Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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