Industrial Automation Market Size, Share, Trends, Industry Growth and Competitive Analysis
Industrial Automation Market Size, Share, Trends, Industry Growth and Competitive Analysis
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Global Industrial Automation Market – Industry Trends and Forecast to 2030
Global Industrial Automation Market, By Components (Sensors, Industrial Robots, Industrial PC, Machine Vision, Industrial 3D Printing, Human-Machine Interface (HMI), Field Instruments, Control Valves, and Others), Mode of Automation (Semi-Automation and Fully-Automation), Systems (PID, Model Based Control, and Others), Solution (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation Control (PAC), Plant Asset Management (PAM), Digitalization, Functional Safety, Emission Control), Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation), End User (Process Industries and Discrete Industries) - Industry Trends and Forecast to 2031.
Data Bridge Market Research analyses that the global industrial automation market is expected to reach a value of USD 339.44 billion by 2031 from 181.85 billion in 2023, growing at a CAGR of 8.3% during the forecast period of 2024 to 2031.
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**Segments**
- On the basis of type, the industrial automation market can be segmented into Distributed Control System (DCS), Programmable Logic Control Systems (PLC), Machine Vision System, Human Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), Product Lifecycle Management (PLM), Manufacturing Execution System (MES), and others. These segments cater to different aspects of industrial automation, offering solutions for various industries and processes.
- In terms of component, the market can be divided into Hardware and Software components. The Hardware segment includes sensors, controllers, drives, and others, whereas the Software segment comprises programming software, simulation software, and others. Both components are critical in building a comprehensive industrial automation system that enhances efficiency and productivity.
- Based on industry vertical, the industrial automation market encompasses sectors such as Automotive, Chemicals & Petrochemicals, Energy & Power, Food & Beverages, Pharmaceuticals, Metals & Mining, and others. Each vertical has unique automation requirements to streamline operations, ensure safety, and optimize production processes.
**Market Players**
- Siemens AG
- ABB
- Schneider Electric
- Rockwell Automation, Inc.
- Honeywell International Inc.
- Emerson Electric Co.
- Mitsubishi Electric Corporation
- General Electric
- Yokogawa Electric Corporation
- Omron Corporation
These market players are at the forefront of the industrial automation landscape, offering a wide range of products and solutions to meet the diverse needs of industries worldwide. Their expertise in developing innovative technologies and providing reliable automation systems positions them as key players driving the growth of the industrial automation market.
https://www.databridgemarketresearch.com/reports/global-industrial-automation-marketThe global industrial automation market is witnessing substantial growth due to the increasing adoption of automation solutions across various industries to improve operational efficiency, enhance productivity, and ensure cost-effectiveness. The market segmentation based on type highlights the diverse range of automation systems available to address specific industry requirements. Distributed Control Systems (DCS) play a crucial role in managing complex industrial processes by distributing control elements throughout the system. Programmable Logic Control Systems (PLC) offer flexibility and reliability in controlling manufacturing processes, while Machine Vision Systems enable automated visual inspection and quality control. Human Machine Interface (HMI) systems create a user-friendly interface for operators to interact with machines, and Supervisory Control and Data Acquisition (SCADA) systems provide real-time monitoring and control of industrial processes. Product Lifecycle Management (PLM) systems streamline product development processes, and Manufacturing Execution Systems (MES) optimize manufacturing operations. These diverse segments cater to the specific automation needs of industries such as automotive, chemicals & petrochemicals, energy & power, food & beverages, pharmaceuticals, metals & mining, and more.
The market segmentation by components into Hardware and Software underscores the essential elements of industrial automation systems. Hardware components such as sensors, controllers, and drives are crucial for collecting data, processing information, and executing control functions in industrial processes. On the other hand, software components including programming software and simulation software are instrumental in designing, simulating, and optimizing automation processes. The integration of hardware and software components forms the foundation of a comprehensive industrial automation system that enhances operational efficiency, reduces downtime, and improves overall productivity.
The industry vertical segmentation of the industrial automation market reflects the diverse applications of automation technologies across different sectors. The automotive industry leverages automation for assembly lines, quality control, and inventory management. Chemicals & petrochemicals industries use automation for batch processing, safety compliance, and environmental monitoring. Energy & power sectors employ automation for power generation, distribution, and grid management. Food & beverages industries utilize automation for packaging, labeling, and**Global Industrial Automation Market Analysis**
- The Global Industrial Automation Market is experiencing significant growth driven by the increasing adoption of automation solutions across various industries to enhance operational efficiency, productivity, and cost-effectiveness. The market is segmented based on type, component, and industry vertical to cater to specific automation requirements in sectors such as automotive, chemicals & petrochemicals, energy & power, food & beverages, pharmaceuticals, metals & mining, and more.
**Components**
- The market is segmented into various components, including Sensors, Industrial Robots, Industrial PC, Machine Vision, Industrial 3D Printing, Human-Machine Interface (HMI), Field Instruments, Control Valves, and others. These components play a crucial role in collecting data, executing control functions, and optimizing automation processes in industrial settings.
**Mode of Automation**
- The market is categorized into Semi-Automation and Fully-Automation modes, highlighting the different levels of automation implementation in industries. Each mode offers unique benefits in terms of efficiency, accuracy, and cost-effectiveness in industrial operations.
**Systems**
- The diverse systems in the industrial automation market include PID, Model Based Control, and others. These systems provide advanced control mechanisms to optimize processes, enhance productivity, and ensure operational excellence in various industries.
**Solutions**
- The market offers a range of solutions such as Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation
The Industrial Automation Market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance.
Major Points Covered in TOC:
Industrial Automation Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Industrial Automation Market portions by application, study goals, and years considered.
Industrial Automation Market Landscape: Here, the opposition in the Worldwide Industrial Automation Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
Industrial Automation Profiles of Manufacturers: Here, driving players of the worldwide Industrial Automation Market are considered dependent on deals region, key items, net edge, income, cost, and creation.
Industrial Automation Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Industrial Automation Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.
Industrial Automation Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Industrial Automation Market.
Industrial Automation Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
Keyword: Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
What to Expect from the Report, a 7-Pointer Guide
- The Industrial Automation Market report dives into the holistic Strategy and Innovation for this market ecosystem
- The Industrial Automation Market report keenly isolates and upholds notable prominent market drivers and barriers
- The Industrial Automation Market report sets clarity in identifying technological standardization as well as the regulatory
- framework, besides significantly assessing various implementation models besides evaluation of numerous use cases
- The Industrial Automation Market report is also a rich repository of crucial information across the industry, highlighting details on novel investments as well as stakeholders and relevant contributors and market participants.
- A through market analytical survey and forecast references through the forecast tenure, encapsulating details on historical developments, concurrent events as well as future growth probability
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