Global Industrial Automation Market Overview: Latest Trends, Industry Size, Share and Growth Projection
“Markntel Advisors – Leading Market Research Company” has recently conducted a comprehensive examination of the Global Industrial Automation Market, encompassing the forecast period from 2024-30. Utilizing data from the historical period of 2019-22, with 2023 serving as the base year, our proficient team of analysts has devoted considerable time to gather and scrutinize the latest market information. The result is a thorough and current report that proves valuable for individuals making data-driven decisions, including business owners and analysts. Whether your objective is to explore new markets, introduce a new product, or maintain a competitive edge, our research report on the Industrial Automation Market offers well-researched facts and figures relevant to the industry.
Industrial Automation Market Driver
Increasing Implementation of Industrial IoT to Boost Market Value – The significance of IoT in industrial automation is boosting the market size worldwide as it facilitates the development and optimization of efficient, economical, and adaptable system frameworks. The integration of Industrial IoT (IIoT) solutions enables connectivity between industrial resources for swift transparency and heightened efficiency. IIoT in conjunction with edge computing simplifies device management throughout its lifecycle across manufacturing processes.
Several companies are implementing their own industrial IoT technology to enhance their efficiency, productivity, and overall performance. One such instance is Siemens, which developed its own industrial IoT offerings, such as MindSphere, Mendix, and IndustrialEdge that rely on automation technologies for insights derived from industrial data. Hence, organizations implement these technologies to streamline their operations while enhancing customer satisfaction. Consequently, there is a projected market growth trajectory due to the widespread adoption and implementation of IIoT within various industries.
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Industrial Automation Market Segmentation Analysis:
The Industrial Automation Market displays a notable combination of robustness and fragmentation, featuring various segments each further subdivided into various sub-segments. Recognizing the significance of market segmentation is crucial for businesses aiming to tailor their strategies, products, and services to align with the specific needs and demands of their target customers. A thorough analysis of market segments and their associated sub-segments empowers businesses to pinpoint new growth opportunities, predict market trends, and devise impactful marketing and sales strategies.
The Global Industrial Automation Market is segmented as follows:
By Component
- Field Devices
-- Industrial Robots- Market Size Forecast 2019-2030, (USD Million)
-- Human Machine Interface (HMI)- Market Size Forecast 2019-2030, (USD Million)
-- Control Valves- Market Size Forecast 2019-2030, (USD Million)
-- Sensors- Market Size Forecast 2019-2030, (USD Million)
-- Industrial 3D Printing- Market Size Forecast 2019-2030, (USD Million)
-- Others (Machine Vision, Fields Instruments, etc.)- Market Size Forecast 2019-2030, (USD Million)
- Industrial Control Systems
-- Supervisory Control and Data Acquisition (SCADA)- Market Size Forecast 2019-2030, (USD Million)
-- Programmable Logic Controller (PLC)- Market Size Forecast 2019-2030, (USD Million)
-- Distributed Control System (DCS)- Market Size Forecast 2019-2030, (USD Million)
-- Manufacturing Execution System (MES)- Market Size Forecast 2019-2030, (USD Million)
-- Product Lifecycle Management (PLM)- Market Size Forecast 2019-2030, (USD Million)
-- Others (Industrial Safety, Plant Asset Management (PAM), etc.)- Market Size Forecast 2019-2030, (USD Million)
By Level of Automation
- Semi-automatic- Market Size Forecast 2019-2030, (USD Million)
- Fully Automatic- Market Size Forecast 2019-2030, (USD Million)
By End User
- Automotive- Market Size Forecast 2019-2030, (USD Million)
- Mining- Market Size Forecast 2019-2030, (USD Million)
- Water Wastewater Management- Market Size Forecast 2019-2030, (USD Million)
- Electronic Semiconductors- Market Size Forecast 2019-2030, (USD Million)
- Energy- Market Size Forecast 2019-2030, (USD Million) Power
- Food Beverages- Market Size Forecast 2019-2030, (USD Million)
- Oil Gas- Market Size Forecast 2019-2030, (USD Million)
- Others (Pharmaceuticals, Chemicals, etc.) - Market Size Forecast 2019-2030, (USD Million)
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
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Leading Industrial Automation Market Player
The report delves into key market players and thoroughly examines their strategic approaches, trends, innovations, and manufacturing infrastructure to project their anticipated market presence over the next five years. The researched data has the capability to differentiate even novice entrants in the long term. Armed with pertinent data and actionable insights, our research report presents a comprehensive landscape of the market, empowering investors and stakeholders to establish a robust position in the Industrial Automation market. Highlighted in the research report are major players, including:
- ABB Ltd.
- Dwyer Instruments
- Emerson Electric Co.
- Honeywell International., Inc.
- Kawasaki Heavy Industries, Ltd.
- Mitsubishi Electric Corporation
- OMRON Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
- Yokogawa Electric Corporation
- Fanuc Corporation
- WIKA Gmbh
- Stratasys
- 3D Systems Corp.
- Other
saccompanied by their respective net worth and valuation in USD.
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Key Questions Answered in this Industrial Automation Market Analysis Report
- What is the current size of the Industrial Automation Market, and what factors contribute to its growth or contraction?
- How does the Industrial Automation Market share compare among key players, and what strategies are they employing to gain a competitive advantage?
- What latest trends are emerging in the Industrial Automation Market, and how are these trends expected to evolve in the foreseeable future?
- What is the demand outlook for the Industrial Automation Market, and how is it influenced by industry-specific factors and broader economic trends?
- What opportunities exist in the Industrial Automation Market for investors, and what are the latest investment trends and preferences in this sector?
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