Press release
Projected Growth of Machine Automation Controller Market: Key Insights and Opportunities for Key Players
Machine Automation Controller Market Size
What Is The Projected Market Size Of The Global Machine Automation Controller Market And Its Growth Rate?
The machine automation controller market has witnessed consistent growth, driven by significant advancements in industrial automation. Key statistics include:
•2024 Market Size: $38.25 billion
•2025 Market Size: $39.6 billion (3.5% CAGR)
•2029 Forecasted Market Size: $51.35 billion (6.7% CAGR)
The growth is fueled by an increased demand for efficiency, productivity and quality control in material handling and compliance with safety requirements. The market size is expected to see significant growth in the future, driven by advancements in smart manufacturing, increased focus on sustainable production systems, and digitalization efforts.
What Is Driving The Growth In The Machine Automation Controller Market?
Key growth driver behind the machine automation controller market is the escalating use of industrial robots in the manufacturing sector. These robots are programmed to perform repetitive tasks, enhancing the assembly workflow's overall efficiency. The increasing use of robots propels the demand for the machine automation controller market. In September 2023, the World Robotics report published by the International Federation of Robotics indicated that there were 553,052 industrial robot installations worldwide, reflecting a 5% annual growth rate in 2022.
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Who Are the Key Players Driving Machine Automation Controller Market Growth?
Prominent companies in the machine automation controller market include:
•Omron Corporation
•Schneider Electric SE
•Rockwell Automation Inc.
•Emerson Electric Company
•Advantech Company Limited
•Yokogawa Electric Corporation
•Delta Electronics Inc.
•Kollmorgen
•ABB Limited
•Mitsubishi Electric Corporation
•Parker Hannifin Corporation
•NEXCOM International Company Limited
•Kontron AG
•Bosch Rexroth AG
•Beckhoff Automation GmbH & Co. KG
•Honeywell International Inc.
•Siemens AG
•Acromag Inc.
•B&R Automation
•Control Techniques
•Precise Automation Inc.
•Danfoss A/S
•Eaton Corporation PLC
•Fuji Electric Co. Ltd.
•GE Automation & Controls
•Hitachi Industrial Equipment Systems Co. Ltd.
•IDEC Corporation
•Lenze SE
•Yaskawa Electric Corporation
What Are The Key Trends In The Machine Automation Controller Market?
Key trends noted in market include:
•Rise of Industrial Internet of Things (IIoT)
•Edge computing for real-time processing
•Increasing focus on cybersecurity
•Development of modular and scalable controllers
•Adoption of cloud-based automation solutions
•Integration of collaborative and safe robotics
•Increase in remote monitoring and maintenance
What Are The Segments Of The Global Machine Automation Controller Market?
•Controller Type: Distributed Control System (DCS), Programmable Logic Controller (PLC), Industrial PC (IPC)
•Form Factors: IP65, IP20, Other Form Factors (IP40, IP67, And IP69K)
•Industry: Food And Beverages, Automotive, Pharmaceutical, Packaging, Media And Telecommunication, Aerospace, Chemicals, Other Industries
Which Region Leads The Machine Automation Controller Market?
In 2024, North America held the largest share in the machine automation controller market. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The regions studied in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Machine Automation Controller Market Global Market Report?
- Market Size Analysis: Analyze the Machine Automation Controller Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Machine Automation Controller Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Machine Automation Controller Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Machine Automation Controller Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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