Global Industrial Automation Market Poised for 9.6% CAGR Growth by 2031 | ABB Ltd, Bosch, Honeywell Solutions, FANUC Corporation, Emerson Electric

Global Industrial Automation Market is estimated to grow at a CAGR of 9.6% during the forecast period 2024- 2031.

Industrial Automation Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Industrial automation involves using control systems, robotics, and artificial intelligence to optimize manufacturing and industrial processes. It enhances efficiency, precision, and safety while reducing labor costs, making it essential in industries like automotive, electronics, and food processing.

List of the Key Players in the Industrial Automation Market:

ABB Ltd, Bosch, Honeywell Solutions, FANUC Corporation, Emerson Electric, Voith GmbH, Schneider Electric, Mitsubishi Electric, Rockwell Automation Inc., Toshiba Machine Corporation Ltd, Yaskawa Electric, Yokogawa Electric Corporation, General Electric

Market Dynamics:

Industrial automation is driving market growth by enhancing productivity, reducing waste, improving safety, minimizing human errors, and optimizing operational costs. The adoption of smart technologies like IoT and machine learning further boosts efficiency and sustainability. Expanding industrial bases and increasing company numbers are key growth drivers, with the global factory automation market expected to grow by 3.5% between 2019 and 2020. However, high installation and maintenance costs, along with resistance from labor unions due to job losses, may hinder market expansion.

Growth Forecast Projected:

The Global Industrial Automation Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Industrial Automation Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Industrial Automation Market:

By Type: Programmable automation, Fixed automation
By Technique: Supervisory control and data acquisition (SCADA), Programmable Automation Controller, Programmable Logic Controller, Human Machine Interface, Others
By Application: Automotive & transportation, Pharmaceuticals, Food & Beverages, Machine Manufacturing, Electric power generation, Aerospace & defense, Others

Regional Analysis for Industrial Automation Market:

The regional analysis of the Industrial Automation Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Industrial Automation market?

➠ Who are the leading manufacturers in the global Industrial Automation industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Industrial Automation industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Industrial Automation market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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