The Industrial Automation And Control Systems Global Market Report 2023, provides comprehensive information on the industrial automation and control systems market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Industrial Automation And Control Systems Market’s Growth:
As per The Business Research Company’s Industrial Automation And Control Systems Global Market Report 2023, the global industrial automation and control systems market size is expected to grow from $175.11 billion in 2022 to $194.31 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global industrial automation and control systems market size is expected to reach $291.41 billion in 2027 at a CAGR of 10.6%.
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Technological advancement is a key trend gaining popularity in the industrial automation and control systems market. Major companies operating in industrial automation and control systems are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2021, Honeywell International Inc., a US-based multinational conglomerate corporation, introduced a smart flexible depalletizer, which is a new robotic technology, to help industrial automation warehouses boost productivity and reduce injuries. This technology solution offers the latest in machine learning and gripping technologies to help unload pallets without requiring any pre-programming or operator intervention.
The industrial automation and control systems market 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
Asia-Pacific was the largest region in the industrial automation and control systems market in 2022.
The table of contents in TBRC’s industrial automation and control systems market report includes:
1. Executive Summary
2. Industrial Automation And Control Systems Market Characteristics
3. Industrial Automation And Control Systems Market Trends And Strategies
4. Industrial Automation And Control Systems Market – Macro Economic Scenario
5. Industrial Automation And Control Systems Market Size And Growth
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26. Africa Industrial Automation And Control Systems Market
27. Industrial Automation And Control Systems Market Competitive Landscape And Company
Profiles
28. Key Mergers And Acquisitions In The Industrial Automation And Control Systems Market
29. Industrial Automation And Control Systems Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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