openPR Logo
Press release

Saudi Arabia's Industrial Control and Factory Automation Market Set for Significant Growth, Expected to Reach USD 3,995.7 Million by 2030 | Infinium Global Research

Saudi Arabia's Industrial Control and Factory Automation

The industrial control and factory automation market in Saudi Arabia, valued at USD 2,385.3 million in 2022, is poised for substantial growth, projected to reach USD 3,995.7 million by 2030, with a robust CAGR of 7.65% over the forecast period. This remarkable growth is primarily attributed to the accelerating pace of automation in the country, driven by factors such as the need to reduce dependence on expatriate industrial workers and the expansion of various industries.

To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/saudi-arabia/sample-request/29978

Automation Revolutionizes Saudi Industries

Saudi Arabia is experiencing a rapid surge in industrial automation, driven by several compelling factors. The country's limited pool of skilled labor and substantial financial resources have played a pivotal role in promoting industrial automation. In October 2021, the Saudi Ministry of Industry and Mineral Resources unveiled ambitious plans to automate around 4,000 factories. This strategic move is aimed at reducing the nation's reliance on expatriate labor and achieving complete digital automation within five years. The cost associated with hiring expatriate workers has spurred the Saudi government to invest significantly in the Fourth Industrial Revolution. Consequently, the burgeoning trend of industrial automation is expected to fuel the demand for industrial control and factory automation solutions across various sectors in Saudi Arabia.

Industrial Expansion Drives Automation

Another catalyst for industrial automation is the continuous expansion of industries within Saudi Arabia. According to the General Authority of Statistics, the General Industrial Production Index surged to 139 in October 2022, marking an impressive 14% increase compared to October 2021. The country's expanding industrial production has prompted industries to enhance their production capacities. To achieve this, businesses are increasingly turning to automation as a means to boost production capacity while simultaneously managing production costs efficiently.

Vision 2030: Economic Transformation

Saudi Arabia's Vision 2030 program is at the heart of the nation's economic transformation. This ambitious program seeks to diversify and sustain the Saudi economy by enhancing productivity, increasing the private sector's contribution, and empowering the third sector. It is designed to reduce the nation's reliance on oil-centric industries significantly. Vision 2030 comprises 13 programs with 96 objectives, totaling 96 quantifiable targets. As part of this program, the Royal Commission for Jubail and Yanbu (RCJY) has been allocated a budget of SAR 41.5 billion to transform and strengthen industrial cities in Jubail and Yanbu. Key objectives include increasing the number of value-added manufacturing and transformation goods, as well as industrial production, in these cities. Automation is expected to play a pivotal role in achieving these transformative goals.

Challenges and Considerations

While industrial automation presents numerous advantages, it also poses certain challenges. Automation projects can be capital-intensive, requiring substantial investments in industrial control and automation equipment, integration, programming, and maintenance. Custom integration may be necessary in some cases, further increasing costs. Businesses, especially small and medium-sized enterprises, may encounter difficulties in determining the return on investment (ROI), particularly if they operate in small quantities or have irregular production schedules. The rapidly evolving nature of consumer preferences may necessitate frequent reprogramming of robots, adding to operational costs. Over-automation is another challenge that can lead to cost overruns and render some automation projects redundant.

Advancements in Robotic Technology

The field of industrial control and factory automation is undergoing a transformative phase driven by rapid technological advancements, including robotics, artificial intelligence, and machine learning. Robots are playing an increasingly pivotal role in enhancing human capabilities in various industries. The International Federation of Robotics (IFR) reports a more than threefold increase in the number of robots over the past two decades. Furthermore, emerging trends in robotics are set to accelerate the global adoption of robots in the coming years. These developments are expected to significantly boost productivity and support growth across various industries.

Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/saudi-arabia/customization/29978

Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Saudi Arabia Industrial Control and Factory Automation Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Saudi Arabia Industrial Control and Factory Automation Market

Chapter 4. Saudi Arabia Industrial Control and Factory Automation Market by Component

4.1. Industrial Robots

4.2. Machine Vision

4.3. Control Valves

4.4. Field Instruments

4.5. Human-Machine Interface

4.6. Sensors

4.7. Industrial 3D Printing

Chapter 5. Saudi Arabia Industrial Control and Factory Automation Market by Solution

5.1. PLC

5.2. SCADA

5.3. MES

5.4. DCS

5.5. PLM

5.6. Functional Safety

Chapter 6. Saudi Arabia Industrial Control and Factory Automation Market by Industry Vertical

6.1. Process Industries

6.1.1. Oil & Gas

6.1.2. Power

6.1.3. Food & Beverages

6.1.4. Chemicals

6.1.5. Metals & Mining

6.1.6. Pulp & Paper

6.1.7. Pharmaceuticals

6.1.8. Others

6.2. Discrete Industries

6.2.1. Automotive

6.2.2. Machine Manufacturing

6.2.3. Semiconductor & Electronics

6.2.4. Aerospace & Defense

6.2.5. Medical Devices

6.2.6. Others

Chapter 7. Company Profiles

7.1 Schneider Electric

7.1.1 Overview

7.1.2 Company Snapshot

7.1.3 Product Portfolio

7.1.4 Recent Developments

7.2 ABB7

7.2.1 Overview

7.2.2 Company Snapshot

7.2.3 Product Portfolio

7.3 Siemens

7.3.1 Overview

7.3.2 Company Snapshot

7.3.3 Product Portfolio

7.4 Yokogawa Electric Corporation

7.4.1 Overview

7.4.2 Company Snapshot

7.4.3 Product Portfolio

7.4.4 Recent Development

7.5 Honeywell International Inc.

7.5.1 Overview

7.5.2 Company Snapshot

7.5.3 Product Portfolio

7.5.4 Recent Development

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/saudi-arabia/enquiry/29978

Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Saudi Arabia Industrial Control and Factory Automation.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027

About Infinium Global Research:

Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Saudi Arabia's Industrial Control and Factory Automation Market Set for Significant Growth, Expected to Reach USD 3,995.7 Million by 2030 | Infinium Global Research here

News-ID: 3255109 • Views:

More Releases from Infinium Global Research LLP

Infinium Global Research LLP Launches Comprehensive Service to Assist Foreign Companies in India
Infinium Global Research LLP Launches Comprehensive Service to Assist Foreign Co …
Pune, India - October 26, 2024 - Infinium Global Research LLP is excited to announce the launch of a dedicated service aimed at providing end-to-end support for foreign companies entering or expanding within the Indian market. With a strategic network of partnerships with top legal and consulting firms and increased presence across key Indian cities, Infinium is well-equipped to facilitate smooth market entry, operational setup, and business expansion for international
Global Sterilization Services Market Size Worth USD 12.55 Billion By 2030 | CAGR 7.24%: Infinium Global Research
Global Sterilization Services Market Size Worth USD 12.55 Billion By 2030 | CAGR …
Infinium Global Research, a leading provider of market intelligence, has recently launched an in-depth report on the Global Sterilization Services Market, offering comprehensive analysis and detailed insights into its segments and market trends. The comprehensive study explores the impact of various factors such as drivers, restraints, and macro indicators on both the global and regional sterilization services market, providing crucial forecasts and dollar value projections. To Know More Request a Sample of
Global Proprotein Convertase Subtilisin/Kexin Type 9 Market is Projected to Surpass USD 5.09 Billion By the End of 2030 with a Growing CAGR of 9.56% | Infinium Global Research
Global Proprotein Convertase Subtilisin/Kexin Type 9 Market is Projected to Surp …
Infinium Global Research introduces a detailed analysis of the global and regional Proprotein Convertase Subtilisin/Kexin Type 9 (PCSK9) market, providing an extensive study of its segments, trends, forecasts, and dollar values in their latest report. This comprehensive study empowers stakeholders in the pharmaceutical and healthcare sectors with invaluable insights into this burgeoning market. To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/420 Market Insight: The global Proprotein Convertase Subtilisin/Kexin Type 9 market,
Global Neuromodulation Market is Anticipated to Reach USD 7.27 Billion and Growing at a CAGR of 9.59% During Forecast Period 2023 - 2030 | IGR
Global Neuromodulation Market is Anticipated to Reach USD 7.27 Billion and Growi …
Infinium Global Research, a pioneering market intelligence firm, introduces a comprehensive report delving into the Global Neuromodulation Market, providing extensive analysis and in-depth exploration of its segments, market trends, and projections. To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/93 Market Insight: The global neuromodulation market, valued at USD 3.51 Billion in 2022, is poised to ascend to USD 7.27 Billion by 2030, exhibiting a noteworthy CAGR of 9.59% during the forecast

All 5 Releases


More Releases for Saudi

Saudi Wakala Offers Efficient and Reliable Saudi Visa Stamping Services
Saudi Wakala, a renowned agency specializing in Saudi visa stamping services, is proud to announce its commitment to providing swift and reliable visa processing for travelers to Saudi Arabia. Located in New Delhi, Saudi Wakala has established itself as a trusted partner for individuals and businesses requiring efficient visa stamping services. Efficient Visa Processing Understanding the complexities and time-sensitivity associated with visa stamping, Saudi Wakala offers a streamlined process managed by an
saudi construction company,TOP saudi arabia construction companies list,civil co …
Abdul Ali Al-Ajmi Company Advanced Support Company Al Ashbelya Engineering Al-Dour Engineering Contracting Est. https://www.gdwatches.cn/ Free engineering construction consultation Email:nolan@wholsale9.com Alfanar Arabian Tile Co. Ltd. (ARTIC) Assad Said for Contracting Co Ltd Automated Buildings Company Bazy Trading and Contracting Bin Dayel Contracting Cercon City Cement Company Dar Al Majd EG & G Middle East East Consulting Engineering Center El Seif Engineering Contracting Company El Seif Engineering Contracting Company Engineering Development Co for Contracting FCC Company https://www.gdwatches.cn/ Free engineering construction consultation Email:nolan@wholsale9.com Jones Engineering Group Masar Consulting Engineer Meinhardt Arabia Mohammed M. Al Rashid Co. (MARCO) Qureshi Telecom Contracting &
Saudi Arabia Agriculture Market, Saudi Arabia Agriculture Industry, Saudi Arabia …
Saudi Arabia Agriculture is focussed on the spread of dates, dairy farm merchandise, eggs, fish, poultry, vegetables, and flowers to markets round the creation because it has attained its own potency within the production of such merchandise. The private sector additionally plays a role within the nation's agriculture, because the government offers long-term interest-free loans and inexpensive water, fuel, electricity, and duty-free imports of raw materials and machinery. Over the past
Saudi Arabia Pharmaceutical Market | pharmaceutical companies in saudi arabia, p …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Saudi Arabia Pharmaceutical Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The report examines Saudi Arabia pharmaceutical market for the period 2016–2026. The primary
Saudi Arabia Airport Privatization Sector Saudi Arabia Airport Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents Saudi Arabia Aviation Industry Overview Privatization in Saudi Arabia Saudi Arabia Civil Aviation Regulatory Authority 3.1 General Authority of Civil Aviation (GACA) 3.2 International Air Transport Association Saudi
Saudi Arabia Mutual Fund Sector Saudi Arabia Mutual Fund Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents 1. Saudi Arabia Financial Sector Overview 2. Saudi Arabia Stock Market and Exchange Overview 3. Saudi Arabia Mutual Fund Market Overview 4. Saudi Arabia Mutual Fund Program and Managers 4.1 Fund Managers and Companies 4.2 Types of Mutual Funds 5. Saudi Arabia Mutual Fund Asset Allocation 5.1 Market Overview 5.2 Mutual Fund Market Indicators