Energy & Utilities Industrial Automation and Control Systems — Ken Research
Global Industrial Automation And Control Systems Market By End-User
The Global Industrial Automation and Control Systems market is segmented by End-User into Aerospace & Defense, Automotive, Chemical, Energy & Utilities, Food & Beverage, Healthcare, Manufacturing, Mining & Metal, Oil & Gas, Transportation, Others.
The adoption of automation solutions also makes it easier to integrate data about production processes and electric assets, which contributes to greater sustainability over the course of a manufacturing plant’s entire lifecycle.
Competition Scenario In Global Industrial Automation And Control Systems Market
The Global Industrial Automation and Control Systems Market are highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Industrial Automation and Control Systems. Large global players constitute ~20% of competitors, while regional players represent the second largest number of competitors. Some of the major players in the market include Schneider Electric, Rockwell Automation, Inc., Honeywell International Inc. Emerson Electric co., ABB, Mitsubishi Electric Corporation, Siemens, Omron Corporation, Yokogawa Electric Corporation, General Electric Co., and others.
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What is the Expected Future Outlook for the Overall Global INDUSTRIAL AUTOMATION AND CONTROL SYSTEMS Market Across the globe?
The Global Industrial Automation and Control Systems market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Industrial Automation and Control Systems market is driven by growing adoption of process automation across numerous industries, including automotive, energy utilities, and chemicals.
In 2021, ABB and ETH partnered to enhance robotics research, a new partnership and a US$ 2.5 million gift will help Switzerland become one of the top robotics research centers in the world.
In 2020, Rockwell Automation, Inc. acquired ASEM, S.p.A., and a renowned Italian supplier of digital automation solutions. The Control & Visualization hardware and software portfolio will be further improved by this acquisition within the Architecture & Software business area.
The Global Industrial Automation and Control Systems Market is anticipated to grow significantly throughout the projected period (2022-2028) due to the increasing adoption of process automation solutions across numerous sectors, including the automotive, chemical, and energy utilities, the market is predicted to have significant growth throughout the forecast period. Though the market is highly competitive with ~800 participants, few global players control the dominant share and regional players also hold a significant share. The market size is estimated to be ~US$ 250 billion in 2022 and is expected to reach a market size of ~US$ 450 billion by 2028 growing with a CAGR of ~11%. The Asia Pacific is the dominating region, as China and Japan are among the top producers and consumers of industrial robots, sensors, and machine vision systems in Asia.
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Key Topics Covered in the Report
- Snapshot of Industrial Automation and Control Systems Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Industrial Automation and Control Systems Market
- Historic Growth of the Overall Industrial Automation and Control Systems Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Industrial Automation and Control Systems Market Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Industrial Automation and Control Systems Market
- Future Market Forecast and Growth Rates of the Total Industrial Automation and Control Systems Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of the Industrial Automation and Control Systems Market in Global Regions
- Major Production/Supply and Consumption/Demand Hubs in the Region
- Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within the Region
Notable Emerging Companies Mentioned in the Report
- CDP Technologies AS
- ControlX Inc.
- future robotics and automation
- Renovus Vision Automation
- AInnovation
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Industrial Automation Equipment Manufacturers and Providers
- Industrial Automation Consultants
- Automation Equipment Distributors and Developers
- Industrial Automation Solution Companies
- Research Organizations and Consulting Companies
- Robotics Manufacturing Companies
- Robotic Organizations, Forums, Alliances, And Associations
- Components Suppliers for Automation Equipment Manufacturers
- Sensors And Meter Manufacturing Companies
- Government Ministries and Departments of Engineering and Machinery
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
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