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.
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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.
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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.
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