Industrial automation involves using computers to control a system of sensors, instruments, and equipment that monitor and perform the work of production. It eliminates the reliance of companies on unreliable, error-prone manual processes and replaces them with command-response activities executed by mechanized equipment and logical programming commands. The primary objective of industrial automation and control systems is to increase efficiency and reduce operational costs. The benefit of the industrial automation and control system is that it can be programmed to perform a variety of tasks, which allows for flexibility in operations. It can also improve the performance of existing operations through real-time data and predictive maintenance. It can help identify downtime issues, performance problems and bottlenecks. These issues can be resolved and production can return to normal.
Market Dynamics:
The adoption of Industry 4.0 is fueling the growth of the global industrial automation and control systems market, as it provides numerous benefits such as operational efficiency, productivity, improved product quality, asset utilization, workforce safety, and supply chain management.
However, the high initial investment required to install these systems is a restraint for the growth of the industrial automation and control systems market.
Key features of the study:
- This report provides in-depth analysis of the global industrial automation and control systems market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global industrial automation and control systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include ABB, Emerson Electric Co., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., and Schneider Electric
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global industrial automation and control systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial automation and control systems market
Detailed Segmentation:
- Global Industrial Automation and Control Systems Market, By Component Type:
- HMI
- Industrial Robots
- Control Valves
- Sensors
- Others
- Global Industrial Automation and Control Systems Market, By Control System:
- Global Industrial Automation and Control Systems Market, By Vertical:
- Aerospace & Defense
- Automotive
- Chemical
- Energy & Utilities
- Food & Beverage
- Healthcare
- Manufacturing
- Mining & Metal
- Oil & Gas
- Transportation
- Others
- Global Industrial Automation and Control Systems Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- ABB
- Emerson Electric Co.
- Honeywell International, Inc.
- Kawasaki Heavy Industries, Ltd.
- Mitsubishi Electric Corporation
- OMRON Corporation
- Rockwell Automation, Inc.
- Schneider Electric
