Press release
Industrial Control & Factory Automation Market: Analysis on Size, CAGR, Key Drivers, and Trends
Industrial Control & Factory Automation Market Size
What Is The Projected Market Size Of The Global Industrial Control & Factory Automation Market And Its Growth Rate?
The industrial control & factory automation market has observed significant growth and is projected to maintain this trajectory:
- The market size stood at $160.2 billion in 2024
- It's expected to reach $172.87 billion in 2025, with a CAGR of 7.9%
- A robust growth to $246.29 billion by 2029 is forecasted, at a CAGR of 9.3%
- The historic growth has been driven by an integrated approach towards DCS systems, MES systems, HMI, and CNC.
- The future growth can be attributed to smart manufacturing practices, energy efficiency, artificial intelligence and machine learning integration, and continued adoption of IoT devices as part of the industry 4.0 evolution.
What Is Driving The Growth In The Industrial Control & Factory Automation Market?
The industrial control and factory automation market's growth is largely driven by the rise of connected enterprises. These enterprises utilize IoT technology to digitalize business processes and improve operations. Automating business processes is essential to allow factories to operate with fewer unskilled resources and utilize these resources for adopting advanced technologies and digital systems. Such adoption is evident in a report from the Australian Bureau Of Statistics, stating a 31% increase in businesses having a 5G mobile wireless internet connection in 2022 compared to previous years. This continued rise of connected enterprises is expected to fuel the growth of the industrial control and factory automation market.
https://www.thebusinessresearchcompany.com/sample.aspx?id=8978&type=smp
Who Are the Key Players Driving Industrial Control & Factory Automation Market Growth?
Key companies playing a major role in the industrial control & factory automation market growth are:
- ABB Ltd
- Emerson Electric Co
- Siemens AG
- Schneider Electric SE
- Mitsubishi Electric Corporation
- General Electric Company
- Rockwell Automation Inc
- Honeywell International Inc
- Yokogawa Electric Corporation
- Omron Corporation
What Are The Key Trends In The Industrial Control & Factory Automation Market?
Clinching trends in the forecast period centre on:
- Remote and smart manufacturing
- Energy efficiency and sustainability
- Predictive maintenance strategies
- Edge computing in automation
- Cybersecurity measures
What Are The Segments Of The Global Industrial Control & Factory Automation Market?
The industrial control & factory automation market is categorized into several segments:
1. By Component: Industrial Robots, Machine Vision System, Process Analyzer, Field Instruments, Human-Machine Interface (HMI), Industrial PC, Industrial Sensors, Industrial 3D Printing, Vibration Monitoring, Other Components
2. By Solution: Distributed Control System (DCS), Supervisory Control, And Data Acquisition (SCADA), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Product Life Cycle Management (PLM), Plant Asset Management (PAM), Functional Safety
3. By Industry: Process Industry, Discrete Industry
Which Region Leads The Industrial Control & Factory Automation Market?
Asia-Pacific led the industrial control & factory automation market in 2024, establishing the largest market share. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
https://www.thebusinessresearchcompany.com/report/industrial-control-and-factory-automation-global-market-report
What Is Covered In The Industrial Control & Factory Automation Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Control & Factory Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Control & Factory Automation 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 Control & Factory Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Control & Factory Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
https://www.thebusinessresearchcompany.com/Customise?id=8978&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 Control & Factory Automation Market: Analysis on Size, CAGR, Key Drivers, and Trends here
News-ID: 3827799 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Industrial
Industrial Display Market: Technology Advancements Driving Industrial Visualizat …
In recent years, the global Industrial Display Market has transformed significantly, driven by evolving consumer preferences, rapid technological advancements, and an increasing focus on sustainability. Our comprehensive Industrial Display Market Research Report is your essential guide to navigate this dynamic landscape, offering actionable insights into emerging trends, growth drivers, and key opportunities for your business.
Unlock in-depth analyses of the competitive supplier landscape, demand dynamics, and market projections with…
Industrial Display Market: Technology Advancements Driving Industrial Visualizat …
In recent years, the global Industrial Display Market has transformed significantly, driven by evolving consumer preferences, rapid technological advancements, and an increasing focus on sustainability. Our comprehensive Industrial Display Market Research Report is your essential guide to navigate this dynamic landscape, offering actionable insights into emerging trends, growth drivers, and key opportunities for your business.
Unlock in-depth analyses of the competitive supplier landscape, demand dynamics, and market projections with…
Industrial Auction Services Market Auctioning Industrial Assets By 2030 | Heath …
The Report on "Industrial Auction Services Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.
The industrial auction services market is a diverse and dynamic sector that encompasses a wide range of industries, including manufacturing, construction, automotive, and more. These services are utilized by companies looking to optimize their asset management, streamline operations,…
RDM Industrial Products - Laboratory and Industrial Furniture Supplier
RDM Industrial Products Inc. is one of the most reputed and leading laboratory and industrial furniture solutions supplier and manufacturer. The company was established in 1977 and has been serving their growing clientele proudly for over 40 years. Their quality products cater to industries including healthcare, electronics, biotechnology, laboratory, industrial and more. The company is based out of California and their shipments are done all across the globe. QUALITY-SERVICE-TIMING are…
Industrial Fasteners Market # industrial fasteners and supply # industrial faste …
An insightful study, titled “Global Industrial Fasteners Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.
Get…
Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Indu …
Researchmoz added Most up-to-date research on "Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Industrial PC, Box Industrial PC And Embedded Industrial PC" to its huge collection of research reports.
Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is…
