Industry Control and Factory Automation Market Size Worth USD 279.1 Billion by 2025 | CAGR: 10.2%
The Industry Control and Factory Automation Market is expected to grow at CAGR of 10.2% to reach USD 279.1 billion by 2025.
Industrial automation is a system which simplifies manufacturing procedures by reducing errors. Robotics and information technology are a part of the Industrial automation system. The technology takes place of the human intervention and the manual system. The industry is seeing an increased demand in the automation system by various other industries. Even the government has taken various initiatives in promoting the Industrial automation which has helped in boosting its growth exponentially. The systems are enabled with the help of technology and thus, it is possible to engineer efficient automation. Some of them include: Programmable logic controller, Human machine interface and distributed control system.
Industrial automation dominates the market as it provides comfort and convenience to its consumer. There are a variety of tools available in the market to engineer these systems as well. Most of them help in reducing the production cost and human error. This is the major reason for its demand and continuous growth. Apart from that, a lot of companies are readily investing in industrial automation as well. This demand can be seen clearly as the market valued USD XX Billion in 2019.
Browse 125 Tables and 100 Figures spread through over 150 Pages and in-depth TOC on “ Industrial Control and Factory Automation Market, By Product (MES, SCADA, PAM, PLM, PLC, DCS, and Functional Safety), By Component (Industrial 3D Printing, Industrial Robots, Machine Vision, Control Valves, and HMI), By Industry and Geography– Analysis, Share, Trends, Size, & Forecast from 2019 – 2025“
Key Takeaways
- Industrial automation includes machine vision, HMI, industrial robots, control valves and industrial 3d printing. However, industrial robots dominate the whole market as they can help in various production processes.
- Petrochemical industry is widely using industrial automation. Industries like defense, electrical and aerospace have not experimented much with industrial automation systems. However, they are said to increase and use the systems in the coming years.
- Asia Pacific is the fastest growing market in the world as far as industrial automation in concerned.
- America and Europe continue to be the largest consumers of the system as of 2018.
- The key market players are ABB Limited, Siemens AG, Mitsubishi Electric, Schneider Electric and Emerson Electric.
- In 2018, ABB Limited launched a commercial modular enabled process automation system.
KEY BENEFITS OF THE REPORT
- Understanding of the strategies that are being adopted by the key players in this market to stay competitive
- Extensive analysis of the key players dominating the competitive landscape of this market
- In-depth analysis of the key factors are propelling the growth of the global market
- Detailed analysis of the geographic region that will witness the strongest growth
- Granular analysis of the current market scenario and the expected market grow
The scope of this report covers the market by its major segments, which include as follows:
KEY MANUFACTURERS
- ABB Limited
- Siemens AG
- Mitsubishi Electric
- Schneider Electric
- Emerson Electric
- Wika
- Tegan Innovations
- Win-911 Software
- Chaos Prime
- Yokogawa Electric Corporation
- Siemens AG
- Progea
- Omron
- Pinpoint Information Systems
- Rockwell Automation
MARKET, BY PRODUCT
- Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Controller (PLC), Programmable Automation Controller (PAC), & Remote Terminal Unit (RTU)
- Distributed Control System (DCS)
- Safety & Manufacturing Execution System (MES), & Manufacturing Operations Management (MOM)
- Product Lifecycle Management (PLM)
- Human Machine Interface (HMI)Diaphragm
- Safety
MARKET, BY COMPONENT
- Industrial Robots
- Industrial 3D Printing
- Control Valves
- Machine Vision
- HMI
MARKET, BY INDUSTRY
- Process Industry
- Paper & Pulp
- Pharmaceuticals
- Electric Power Generation
- Petrochemicals & Fertilizers
- Water and Waste Water Management
- Oil & Gas, Chemical
- Mining & Metals
- Food & Beverages
- Others
- Discrete Industry
- Electrical and Electronics
- Automotive & Transportation
- Aerospace & Defense
- Machine Manufacturing
- Others
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA