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Industrial Automation And Control Systems Market Expected to Achieve 11.9% CAGR by 2029: Growth Forecast Insights
Industrial Automation And Control Systems
How Large Will the Industrial Automation And Control Systems Market Size By 2025?
The market size of industrial automation and control systems has undergone swift expansion over the past few years. Projections indicate an increase from $212.27 billion in 2024 to $233.91 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.2%. Factors such as cost savings, the surge in demand for efficiency, regulatory compliance requirements, globalization of supply chains, and the popularity of programmable logic controllers (PLCs) have contributed to the growth during the historical period.
How Big Is the Industrial Automation And Control Systems Market Size Expected to Grow by 2029?
In the upcoming years, the market size for industrial automation and control systems is forecasted to experience swift expansion, reaching $366.94 billion in 2029 with a compound annual growth rate (CAGR) of 11.9%. This projected growth during the forecast period is primarily due to the integration of industry 4.0 and Internet of Things (IoT), the demand for flexibility and customization, concerns regarding cybersecurity, requirements for energy efficiency, and the incorporation of robotics. The forecast period is also expected to see major trends such as digital transformation, heightened cybersecurity, edge computing, integration with the cloud, cooperative robots, and the use of digital twins for virtual modeling.
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Which Key Market Drivers Powering Industrial Automation And Control Systems Market Expansion and Growth?
The surge in automation acceptance is anticipated to boost the rise of the industrial automation and control systems market. Automation refers to technical functions that reduce the need for human intervention, encompassing personal applications like home automation, business process automation (BPA), and IT automation. Industrial automation control systems are used to augment accuracy and entire plant activities by leveraging computer software and robotics to manage machinery and processes that replace people in executing specific tasks. For example, in May 2023, the International Federation of Robotics, a non-profit organization based in Germany, indicated that industrial robot installations in manufacturing increased by 12% overall in 2022, hitting 41,624 units. The automotive industry, largely comprised of US, Canadian, and Mexican firms, was the leading adopter with 20,391 installed units, representing a 30% increment from 2021. Consequently, the surge in automation acceptance is accelerating the advancement of the industrial automation and control systems market.
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Which Fast-Growing Trends Are Poised to Disrupt the Industrial Automation And Control Systems Market?
Prominent corporations in the industrial air filtration market are concentrating on creating inventive solutions like low-voltage motor control centers (MCC) to boost energy efficiency, lower operational expenses, enhance system dependability, and fulfill environmental norms. These low-voltage MCCs are unique electrical assemblies created for controlling and administrating electric motors in diverse industrial uses. For instance, Omron Corporation, a Japanese electronics firm, in April 2023, unveiled its latest filtration services with the goal of augmenting operational efficiency in various sectors. This venture underscores the firm's dedication to innovation and exceptional customer service in the filtration industry. It aims to offer a more comprehensive perspective on filtration solutions while addressing the shifting requirements of their clientele.
What Are the Emerging Segments in the Industrial Automation And Control Systems Market?
The industrial automation and control systems market covered in this report is segmented -
1) By Component: HMI (Human-Machine Interface), Industrial Robots, Control Valves, Sensors, Other Component
2) By Control System: DCS (Distributed Control System), PLC (Programmable Logic Controller), SCADA (Supervisory Control And Data Acquisition)
3) By End-User Industry: Aerospace And Defense, Automotive, Chemical, Energy And Utilities, Food And Beverage, Healthcare, Manufacturing, Mining And Metal, Oil And Gas, Transportation
Subsegments:
1) By HMI (Human-Machine Interface): Touchscreen HMIs, Software-based HMIs, Embedded HMIs
2) By Industrial Robots: Articulated Robots, SCARA Robots, Collaborative Robots (Cobots), Cartesian Robots
3) By Control Valves: Manual Control Valves, Automatic Control Valves, Pressure Relief Valves, Flow Control Valves
4) By Sensors: Proximity Sensors, Temperature Sensors, Pressure Sensors, Flow Sensors, Level Sensors
5) By Other Components: PLCs (Programmable Logic Controllers), Drives And Motors, Networking Equipment, Safety Systems
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Who Are the Global Leaders in the Industrial Automation And Control Systems Market?
Major companies operating in the industrial automation and control systems market include 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
Which are the Top Profitable Regional Markets for the Industrial Automation And Control Systems Industry?
Asia-Pacific was the largest region in the industrial automation and control systems market in 2024 and is expected to be the fastest-growing region in the industrial automation and control systems market during the forecast period. The regions covered in the industrial automation and control systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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