Automation And Controls Global Market Growing Trends and Technology Forecast to 2033 | Hitachi Ltd., Siemens AG, ABB Group, SICK AG, Advantech Co. Ltd.

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Automation And Controls Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $202.1 billion In 2028 At A CAGR Of 9.6% :

The automation and controls market size has grown rapidly in recent years. It will grow from $127.13 billion in 2023 to $139.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to industrial revolution, computerization, electrification programmable logic controllers (PLCs), digital revolution, internet of things (IoT).

The automation and controls market size is expected to see strong growth in the next few years. It will grow to $202.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to demand for smart manufacturing, rising labor costs and skills shortages, demand for remote monitoring and management, urbanization and infrastructure development, demand for smart manufacturing. Major trends in the forecast period include embrace of digital twins, technological advancements, augmented reality (AR) and virtual reality (VR), expansion of robotics and cobots, and integration of AI and machine learning.

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Automation And Controls Market Major Segments
The automation and controls market covered in this report is segmented -
1) By Product: Programmable Logic Controller (PLC), Supervisory Control And Data Acquisition (SCADA), Programmable Automation Controller (PAC), Distributed Control System (DCS), Human-Machine Interface (HMI), Manufacturing Execution System (MES)
2) By Application: Lighting, Heating, Ventilation and Air Conditioning (HVAC), Safety And Security, Other Applications
3) By End Use: Residential, Commercial, Industrial, Oil And Gas, Mining And Metals, Automotive And Transportation, Manufacturing Electrical And Electronics: Other End Users

Key Driver - Role of Robotics In Enhancing Automation And Control Market Growth

The surge in demand for industrial automation is expected to propel the growth of the automation and control market going forward. Industrial automation refers to the use of robotics, machines, and control systems to perform tasks that were traditionally carried out by human workers. It is preferred because it enhances efficiency, productivity, safety, and reliability while reducing operational costs and human error. Automation and control systems are useful for industrial automation as they streamline operations, enhance precision and productivity, and enable consistent quality and safety in manufacturing processes. For instance, in October 2022, according to the International Federation of Robotics, a Germany-based non-profit organization focused on promoting robotics, factories worldwide installed 517,385 new industrial robots in 2021. This marks a 31% increase from the previous year. Therefore, the surge in demand for industrial automation is driving the growth of the automation and control market.

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Prominent Trend - Revolutionizing Manufacturing With Emerson's New MTConnect Integration

Major companies operating in the automation and controls market are developing innovative products such as the MTConnect driver to secure their place in the market. This innovation aims to integrate CNC machines into the sophisticated IIoT automation ecosystem, enhancing thorough data analysis. For instance, in March 2022, Emerson Electric Co., a US-based engineering company, introduced the MTConnect driver for its Movicon. NExTTM 4.1.333 platform, enhances its industrial control offerings by enabling quick, simple integration and scalability. It enables the efficient collection and use of crucial data from manufacturing assets, such as machines, tools, and robots. Its integration aids in informed decision-making across both operational and enterprise levels. This read-only solution restricts the programming of axis-specific parameters but significantly broadens Movicon.NExT's capacity to assimilate production data within manufacturing environments.

Automation And Controls Market Players
Major companies operating in the automation and controls market are Hitachi Ltd., Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Group, Johnson Controls International PLC, Emerson Electric Co., Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Delta Electronics Inc., Rockwell Automation Inc., Bosch Rexroth AG, OMRON Corporation, Keyence Corporation, Fanuc Corporation, Dassault Systèmes SE, Fuji Electric Co. Ltd., Yaskawa Electric Corporation, KUKA AG, Yokogawa Electric Corporation, Phoenix Contact GmbH & Co. KG, Rittal GmbH & Co. KG, SICK AG, Advantech Co. Ltd., Beckhoff Automation GmbH & Co. KG, National Instruments Corporation, AVEVA Group PLC, B&R Industrial Automation GmbH, Universal Robots A/S

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the automation and controls market in 2023. The regions covered in the automation and controls market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automation And Controls Market Report Structure
3. Automation And Controls Market Trends And Strategies
4. Automation And Controls Market - Macro Economic Scenario
5. Automation And Controls Market Size And Growth
…..
27. Automation And Controls Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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