Press release
Modular Automation Market worth $7.0 Billion by 2029, at a CAGR of 7.9%
Modular Automation Market
The report "Modular Automation Market [https://www.marketsandmarkets.com/Market-Reports/modular-automation-market-10649136.html?utm_source=ABNewswire&utm_medium=Referral&utm_campaign=modular_automation_abnewswire_10649136] by Type (Modular Type Packages, Modular DCS), Mobility (Semi-automatic, Fully Automatic), Component (Robot Controllers, I/O Modules, Drives & Motors, Sensors & Actuators, Safety), End-user Industry - Global Forecast to 2029" The Modular Automation Market is projected to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2029, at a CAGR of 7.9% from 2024 to 2029. The market's growth is propelled by increasing demand for flexible manufacturing processes, cost efficiency, and the ability to quickly adapt to changing production needs. Technological advances and the push for Industry 4.0 integration are also driving adoption.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10649136 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10649136&utm_source=ABNewswire&utm_medium=Referral&utm_campaign=modular_automation_abnewswire_10649136]
Browse 170 market data Tables and 60 Figures spread through 262 Pages and in-depth TOC on "Modular Automation Market"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/industrial-software-market-27555137.html [https://www.marketsandmarkets.com/Market-Reports/modular-automation-market-10649136.html?utm_source=ABNewswire&utm_medium=Referral&utm_campaign=modular_automation_abnewswire_10649136]
[https://www.marketsandmarkets.com/Market-Reports/modular-automation-market-10649136.html]
Modular automation in North America holds the second highest market.
During the forecast period, North America is expected to hold the second-highest market share in the modular automation industry [https://www.marketsandmarkets.com/PressReleases/modular-automation.asp?utm_source=ABNewswire&utm_medium=Referral&utm_campaign=modular_automation_abnewswire_10649136]. This region benefits from a robust industrial base, advanced technological infrastructure, and significant investments in research and development. Industries such as automotive, pharmaceuticals, chemicals, food and beverage, and electronics are increasingly adopting modular automation to enhance efficiency, reduce operational costs, and maintain competitive advantages.
Modular Distributed Control Systems by Mobility to grow at the highest CAGR.
Modular Distributed Control Systems (DCS) by mobility are projected to grow at the highest CAGR during the forecast period. These systems offer advanced capabilities for managing and controlling complex industrial processes with enhanced flexibility and scalability. By decentralizing control functions and distributing them across various modules, modular DCS can be tailored to specific application needs, improving system reliability and efficiency.
Robot Controllers for Hardware, by type to hold the highest market share during the forecast period.
Robot controllers are essential for the precise operation and coordination of robotic systems, enabling tasks ranging from simple automation to complex, multi-axis movements. They provide critical functionalities such as real-time processing, motion control, and seamless integration with other automation components. efficiency. The growing adoption of robotics across various industries such as manufacturing, healthcare, and logistics drives the demand for advanced robot controllers. As companies strive for higher efficiency, productivity, and flexibility in their operations, the market for robot controllers is set to expand significantly, securing its position as the leading hardware type in modular automation.
Key Players
The Modular Automation Companies [https://www.marketsandmarkets.com/ResearchInsight/modular-automation-companies.asp?utm_source=ABNewswire&utm_medium=Referral&utm_campaign=modular_automation_abnewswire_10649136] includes significant Tier I and II players like ABB (Switzerland), Festo Inc. (Germany), Yokogawa Electric Corporation (Japan), Siemens (Germany), HIMA (Germany), and others. These players have a strong market presence in various North American, European, Asia Pacific, and RoW countries.
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=modular-automation-market-worth-70-billion-by-2029-at-a-cagr-of-79]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/modular-automation-market-10649136.html
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 Modular Automation Market worth $7.0 Billion by 2029, at a CAGR of 7.9% here
News-ID: 3622271 • Views: …
More Releases from ABNewswire
Post-Construction Cleaning Demand Rises Among Miami Renovators as The Prime Clea …
Miami homeowners and contractors are driving increased demand for professional post-construction cleaning services, with The Prime Cleaner reporting significant growth in this specialty category across South Florida.
MIAMI, FL - Demand for professional post-construction cleaning services is rising across Miami as homeowners complete renovations and contractors seek reliable cleaning partners for new builds. The Prime Cleaner has expanded its post-construction cleaning services [https://www.theprimecleaner.com/service/post-construction-cleaning] to meet the growing need.
Miami's construction and renovation…
Extending the Invisible Cord: Why Bluetooth Repeaters Are Essential for Seamless …
We live in a wireless world. Our headphones, keyboards, speakers, and even our lightbulbs connect via Bluetooth, freeing us from the tangle of cables. Yet, despite its convenience, Bluetooth has a wellknown limitation: range. The connection between a device and its source-whether it's a phone streaming music or a sensor reporting data-can stretch only so far before it stutters and drops. For homes, offices, and industrial facilities, these dead zones…
Beyond GPS: How Bluetooth Beacons Are Bridging the Gap Between Digital and Physi …
In an era dominated by GPS, it is easy to assume we have solved the problem of location tracking. We can navigate bustling cities, track lost phones, and find the nearest coffee shop with pinpoint accuracy-provided we are outside. But the moment we step indoors, the satellite signals fade, leaving a blind spot in our connected experiences.
This is where a small, unassuming piece of technology is making a massive impact:…
ECI Jewelers Introduces Streamlined Selling Experience with Same-Day Offers and …
ECI Jewelers has enhanced its luxury watch and jewelry buying service with same-day market-based offers and instant payment options for sellers nationwide. The concierge-style approach includes free valuations, full insurance coverage during transit, and expert assessment from the company's New York City Diamond District location, simplifying the selling process for owners of premium timepieces from brands like Rolex, Patek Philippe, and Audemars Piguet.
Elegant Creations Inc, operating as ECI Jewelers, has…
More Releases for Modular
Prominent Modular Kitchen Market Trend for 2025: Advancements In Modular Kitchen …
What industry-specific factors are fueling the growth of the modular kitchen market?
The significant surge in the residential construction industry has a considerable impact on the expansion of the modular kitchen market. The rising number of property projects and the escalating demand for compact homes are boosting the growth of the modular kitchen market. For instance, the Office for National Statistics, a UK government agency, reported in November 2023 that the…
Multifamily Modular Construction Market Demand Makes Room for New Growth Story: …
Latest Study on Industrial Growth of Global Multifamily Modular Construction Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Multifamily Modular Construction market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the…
Modular Systems Installation Services Market Implications for Biotechnology 2023 …
Modular Systems Installation Services Market Research Report Provides the Newest Industry Data and Industry Future Trends, allowing you to Identify the Products and End Users Driving Revenue Growth and Profitability.
The Modular Systems Installation Services Market is expected to reach USD 139.03 billion by 2029, up from 82.3 billion in 2022, at a compound annual growth rate (CAGR) of 6.2% during the forecast period. Modular systems installation services refer to the…
Multifamily Modular Construction Market by Manufacturers: Guerdon Modular Buildi …
Multifamily Modular Construction Market research report includes the competitive landscape that involves leading companies and adopting strategies to introduce new products, announce partnerships, and collaborate to contribute to market growth. Moreover, the report elaborates on numerous customers' journeys related to this industry, regions, and segments. The Multifamily Modular Construction Market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions.
Request a Free PDF…
Multifamily Modular Construction market: Analysts Predict Market to Reach New He …
"
The global Multifamily Modular Construction Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Multifamily Modular Construction Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of…
Multifamily Modular Construction Market 2020-2026 | In Depth Analysis with Top K …
The research report on the Multifamily Modular Construction Market is a deep analysis of the market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Experts have…
