Industrial Automation Market Size, Share, Product, Estimate To Boost Growth In Demand By 2029
The paper analyses how COVID-19 lock-down will affect market leaders’, followers’, and disruptors’ revenue. Since lock down was executed differently in many locations and nations, its effects vary by regions and market categories. The report’s discussion of the market’s immediate and long-term effects will aid in the preparation of an outline for short- and long-term business strategies by region by decision-makers.
Industrial Automation Market was valued at USD 133.10 Billion in 2021, and it is expected to reach USD 217.2 Billion by 2029, exhibiting a CAGR of 8.5 % during the forecast period (2022-2029)
Industrial Automation Market Overview:
The “Global Industrial Automation Market Analysis” is an in-depth look at the Industrial Automation market Growth, with a focus on global market trends and analysis. This study seeks to provide an overview of the Industrial Automation industry as well as detailed market segmentation by segment and geography. The Industrial Automation market size is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top Industrial Automation firms, as well as significant industry trends and opportunities.
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Industrial Automation Market Overview:
The comprehensive company firm’s study is based on the Industrial Automation market share, which also provides the most recent drivers, restraints, and opportunities for the Industrial Automation industry. Discussions with prominent businessmen are then used to confirm the outcomes. Both paid and free data bases are used in the secondary inquiry and analysis of the same. From official government resources, third-party data sources, and, in the case of publicly traded companies, financial reports of the company, information on each player’s supply and consumption is acquired. Financial records from companies may be received from the local government’s tax division if they are not made available to the public.
COVID-19 Impact:
The COVID-19 has an impact on the market as a whole, and as the impact of the COVID-19 spreads in 2019–2020, the rate of growth has also been affected. In order to give decision-makers trustworthy information and experiences, the COVID-19 crisis is requiring businesses and organisations to manage risk and digitise operations. This is in line with the most recent research, viewpoints, and views from MMR on the management issues that affect the market that matter most to businesses and organisations.
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In order to find and gather data for a technical, market-focused, and commercial assessment of the global Industrial Automation Market Size, this research study extensively consulted secondary sources, directories, and databases like Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource. In addition to white papers, certified publications, articles written by reputable authors, manufacturing associations, trade directories, and databases, other secondary sources included firm annual reports, press announcements, investor presentations, and investor presentations.
During the main research phase, a variety of sources from both the supply and demand sides were questioned in order to gather qualitative and quantitative data for this report. Industry experts from the primary and associated industries, as well as organisations from all points along the industry’s value chain and preferred vendors, manufacturers, and distributors, were used as primary sources. In-depth interviews were performed with a range of primary respondents, including important industry participants, subject-matter experts, C-level executives of key market companies, and industry consultants, to gather and verify crucial qualitative and quantitative information.
Market Segmentation:
During the forecast period, the industrial sensors segment is anticipated to account for the highest share of the market for industrial automation components in the Middle East and Africa. The growth of the industrial sensors market is being driven by the rising adoption of Industry 4.0 and IIoT, as well as the expansion of the wireless sensor market. Industrial sensors are frequently used in the manufacturing sector, especially to strengthen connections between various tasks. Manufacturers from all around the world have started integrating sensors to collect data in real time from various data points. Since predictive maintenance is anticipated to present profitable prospects through sensor data capture in the upcoming years, sensors as an essential component of predictive maintenance solutions are predicted to have a rapid growth in demand.
Market Key players:
The benefit of competitive analysis is that it offers a full understanding of industry and market competition. You may learn what’s effective in your sector, who of your competitors you should aim to keep up with and outperform, and how to stand out from the crowd. There is also a competitive analysis of their market share, profitability, potential, and difficulties.
• ABB Ltd.(Switzerland)
• Honeywell International Inc.(US)
• FANUC Corporation(Japan)
• Yaskawa Electric Corporation(Japan)
• Toshiba Machine Corporation Ltd.(Japan)
• Yokogawa Electric Corporation(Japan)
• Emerson Electric Company(US)
• General Electric Company(US)
• Rockwell Automation, Inc.(US)
• Mitsubishi Electric Corporation(Japan)
• Voith GmbH(Germany)
• GE Company(US)
• Honeywell International Incorporation(US)
• Omron Corporation(Japan)
• Schneider Electric SA(France)
• Siemens AG(Germany)
• Kuka AG(Germany)
• Keyence Corporation(Japan)
• Fanuc Corporation(Japan)
• Bosch Rexroth(Germany)
• Fuji Electric Co., Ltd.(Japan)
• Endress+Hauser AG (Switzerland)
• Hitachi Ltd.(Japan)
• Yaskawa Electric Corporation(Japan)
• Danaher Corporation(US)
• NI(US)
• Ropoer Technologies(US)
• Phoenix Contact(Germany)
• AVEV( Ukraine)
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- The analysis recognises that the sector’s key participants and conflict and growth drivers evaluate the sector’s influence from both opportunities and constraints.
- The report provides information on each item fragment’s industry share as well as its fair market value.
- To create a comprehensive landscape and identify significant market players, we offer statistic data, strategic knowledge, and analytical tool findings. The business’s efficiency will rise as a result.
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