Industrial Automation and Control Systems Market: is expected to reach US$ 294.12 Bn. by 2029 at a CAGR of 8.23% during the forecast period.
Industrial Automation and Control Systems Market Overview
MMR published a report on the Industrial Automation and Control Systems market. The report is a combination of primary and secondary data, and it has been analyzed by domain experts from both a local and global perspective. The report provides a detailed analysis of the market size and share in each region and segment, making it an invaluable resource for investors.
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Industrial Automation and Control Systems Market Report Scope and Research Methodology
At the national, regional, and international levels, the research offers a thorough examination of the Industrial Automation and Control Systems market. It offers a thorough examination of the competitive environment in the Industrial Automation and Control Systems market, taking into account the main players’ business plans. A list of the major rivals of Industrial Automation and Control Systems is provided in the study, together with details on their earnings, volume of production, worldwide reach, and sales. The SWOT analysis was employed to ascertain the advantages and disadvantages of the principal participants in the Industrial Automation and Control Systems sector. The study also includes detailed information on the potential, challenges, drivers, and restraints of the Industrial Automation and Control Systems market.
The size of the worldwide and regional Industrial Automation and Control Systems markets was calculated using the bottom-up method. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The research also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Industrial Automation and Control Systems production process. In order to comprehend the Industrial Automation and Control Systems market at both the macro and micro levels, it also contains Porter’s and PESTLE analysis in addition to market attractiveness.
Industrial Automation and Control Systems Market Dynamics:
Over the course of the forecast period, the market is anticipated to expand significantly due to the increasing adoption of process automation across numerous industries, including automotive, energy utilities, and chemicals. The businesses are avoiding human errors and drastically cutting labour and operating costs as a result of the system’s efficacy and dependability.
Furthermore, the world’s automakers understand that the next wave of automation and robot technology offers a revolutionary chance to raise standards for quality, safety, productivity, and cost-effectiveness in the automobile sector. The market for robot automation systems is also anticipated to grow as a result of increased investments in robotic automation year over year.
Industrial Automation and Control Systems Market Regional Insights
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Industrial Automation and Control Systems market in these countries, which covering North America – U.S., Canada, Mexico, Europe – UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific – China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America – Brazil, and Middle East and Africa.
Industrial Automation and Control Systems Market Segmentation:
by Control System
• DCS
• PLC
• SCADA
• Others
The industrial automation and control systems market is divided into supervisory control and data acquisition (SCADA), programmable logic controllers (PLC), distributed control systems (DCS), and others based on the control system. Factory automation and industrial controls were led by the DCS segment in terms of sales in 2022. An automated management tool for tracking and managing a range of industrial processes is a distributed control system (DSC). Information reporting, process control, process supervision, and data visualisation are among the uses for it. It is comprised of multiple local controllers for plant control and a high-speed communication network. It also helps in the timely replacement of outdated technologies and lowers the chance of component failure.
by Component Type
• HMI
• Industrial Robots
• Control Valves
• Sensors
• Others
The component type segment with the largest market share in 2022 was control valves, and this is expected to hold true for the duration of the forecast period. Because of their extensive application in the oil and gas sector and the advantages they offer in terms of pressure and temperature control throughout downstream, middle and upstream activities, control valves enjoy a significant market share. Furthermore, the need for control valves in the power generating industry is expected to increase due to the expanding number of power production facilities worldwide as well as the growing need for energy and electricity in emerging countries.
by Vertical
• Aerospace & Defense
• Automotive
• Chemical
• Energy & Utilities
• Others
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Industrial Automation and Control Systems Market Key Players:
• ABB
• Emerson Electric Co.
• Honeywell International Inc.
• Kawasaki Heavy Industries, Ltd.
• Mitsubishi Electric Corporation
• OMRON Corporation
• Rockwell Automation, Inc.
• Schneider Electric
• Yokogawa Electric Corporation.
• General Electric Co.
• Dassault Systemes SE
• Siemens
• M+W Group
• Bosch Rexroth AG
• Parker Hannifin Corporation
• Other Key Players
Key Questions answered in the Industrial Automation and Control Systems Market Report are:
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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