Press release
Industrial Automation and Control Systems Market: Surging Growth Rates and Trends to look out for 2024-2029
Industrial Automation And Control Systems Market Share
What Is The Projected Market Size Of The Global Industrial Automation And Control Systems Market And Its Growth Rate?
The Industrial automation and control systems market has shown exciting prospects with an expected growth surge. Here are the key statistics:
- The market size stood at $212.27 billion in 2024 and is projected to grow to $233.91 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.2%.
- In the upcoming years, the market is expected to expand further to $366.94 billion in 2029 with an estimated CAGR of 11.9%.
- This growth is attributed to factors such as cost reduction, increasing efficiency demands, regulatory compliance, supply chain globalization, and the rise of programmable logic controllers (PLCs).
What Is Driving The Growth In The Industrial Automation And Control Systems Market?
The growth in the industrial automation and control systems market is largely driven by the increasing adoption of automation, which improves precision and factory operations through software and robotics that operate machinery and processes, thus reducing human involvement. For instance, industrial robot installations increased by 12% in 2022, with the automotive industry being the top adopter with a 30% rise from 2021.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9454&type=smp
Who Are the Key Players Driving Industrial Automation And Control Systems Market Growth?
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- Kawasaki Heavy Industries Ltd.
- Mitsubishi Electric Corporation
- Omron Corporation
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corporation
- Texas Instruments Inc.
- Robert Bosch GmbH
- Fortive
- Ametek EIG
- Phoenix Contact GmbH & Co. KG
- General Electric Company
- Johnson Controls International plc
- Fanuc Corporation
- Advantech Co. Ltd.
- Bosch Rexroth AG
- Beckhoff Automation GmbH & Co. KG
- Eaton Corporation plc
- National Instruments Corporation
- Keyence Corporation
- Delta Electronics Inc.
- Pilz GmbH & Co. KG
- Danaher Corporation
- Endress+Hauser Group
- Pepperl+Fuchs AG
- WAGO Kontakttechnik GmbH & Co. KG
What Are The Key Trends In The Industrial Automation And Control Systems Market?
- Digital Transformation
- Cybersecurity
- Edge Computing
- Cloud Integration
- Collaborative Robots
- Digital Twins for Virtual Modeling
What Are The Segments Of The Global Industrial Automation And Control Systems Market?
The industrial automation and control systems market is segmented as follows:
- By Component: HMI (Human-Machine Interface), Industrial Robots, Control Valves, Sensors, Other Component
- By Control System: DCS (Distributed Control System), PLC (Programmable Logic Controller), SCADA (Supervisory Control And Data Acquisition)
- By End-User Industry: Aerospace And Defense, Automotive, Chemical, Energy And Utilities, Food And Beverage, Healthcare, Manufacturing, Mining And Metal, Oil And Gas, Transportation
Which Region Leads The Industrial Automation And Control Systems Market?
In 2024, Asia-Pacific emerged as the leading region in the industrial automation and control systems market and is projected to maintain the fastest growth rate during the forecast period.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/industrial-automation-and-control-systems-global-market-report
What Is Covered In The Industrial Automation And Control Systems Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Automation And Control Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Automation And Control Systems Market for effective categorization.
- Key Player Focus: 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 Industrial Automation And Control Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Automation And Control Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=9454&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Industrial Automation and Control Systems Market: Surging Growth Rates and Trends to look out for 2024-2029 here
News-ID: 3826935 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Control
Top distributors of Access Control & Entrance Control Solutions
FOR IMMEDIATE RELEASE
CDN Technology Delivers Advanced Security and Workforce Solutions to Leading Enterprises in India
India - CDN Technology, (https://www.cdntechnology.co/) a trusted provider of access control, attendance, and security solutions, is strengthening India's enterprise and institutional security infrastructure with cutting-edge products and robust service delivery.
Specialising in biometric and AI-based face recognition attendance machines, access control systems, boom barriers (https://www.cdntechnology.co/products/boom-barrier), flap barriers, turnstiles, door frame metal detectors, and baggage scanners, CDN Technology…
Taking Control: Automotive Seat Control Modules Market Innovations
According to the recent findings by Persistence Market Research, sales of automotive seat control modules are anticipated to reach a value of US$ 8.95 Billion in 2022 with consistent long-term projections for the market. According to the report, the market will expand at 5.3% CAGR from 2022 to 2032. Automotive seat control modules are seeing increasing sales as customers demand more comfortable seats and various automobile interior accessories.
Integrated systems that…
Insect pest control Market Demand, Overview, Size, Trend, and Cleankill Pest Con …
Global Insect pest control report from Global Insight Services is the single authoritative source of intelligence on Insect pest control market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product…
Global Control Valves Market | Control Valves Industry | Covid-19 Impact Global …
Control valves refer to valves used in process industries to regulate process variables, such as flow, pressure, temperature, and fluid level in process industries including water management, chemicals, oil & gas, power generation, pharmaceuticals, automotive, mining, and food & beverages. These valves play a vital role in mounting efficiency, safety, and profitability of these process industries. Moreover, manufacturers of control valves are continually engaged in research & development (R&D) activities…
Turbine Control System Market Report 2018: Segmentation by Component (Sensors, H …
Global Turbine Control System market research report provides company profile for ABB (Switzerland), Siemens (Germany), Honeywell (US), Emerson (US), GE (US) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides…
Global Acoustic Control System Market 2017 Acoustic Control, Oceaneering Interna …
Global Acoustic Control System sales will reach about 1011 billion USD in 2017 from 875 billion USD in 2012 all around the world, with the CAGR of 2.62%. The Leading growing markets are China, Southeast Asia, etc. USA, EU, Oceania, India, etc. is the mature market with low growth rate.
Global Acoustic Control System Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This Acoustic Control…
