Industrial Automation Market

Owing to the high productivity, flexibility, accuracy and safety offered by automated industrial systems, the global industrial automation market has witnessed prominent growth during past decades. The demand for components of industrial automation systems has increased significantly owing to increasing penetration of industrial automation around the globe. Adoption of advanced technologies for monitoring and controlling the process equipment across the field level, control level, supervising & production level, and information level of industrial automation has contributed a prominent role in improving the operational efficiency, and productivity of manufacturing industries. Key players operating in the global industrial automation market are focusing on integration of advanced information technologies to improve system efficiency, connectivity and efficacy. The emergence and adoption of Industrial Internet of Things is anticipated to contribute significantly towards the growth of industrial automation market in coming years. The global industrial automation market is expected to grow significantly during the forecast period.

Asia Pacific contributed a dominating share to the global industrial automation market in 2019 owing to increasing adoption of industrial automation across small & medium sized industries, expansion of food & beverage, chemical, pharmaceutical industries and presence of leading manufactures across the geography. Leading players operating in the market are focusing on development of advanced control systems, and other industrial automation component to cater the growing demand for sophisticated and affordable devices, which is anticipated to bolster the growth of Asia Pacific industrial automation market during forecast period. Europe contributed a prominent share to the global industrial automation market in 2019 and is anticipated to be the leading technology provider during the forecast period.

The report titled “Industrial Automation Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global industrial automation market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, ABB reported revenues of USD 27,978 million in 2019 and the product segment analysis of the company indicates that Electrification business segment of the company dominated revenue in 2019.

The global industrial automation market is segmented based on component, end use industry, and geography. Based on component, the global industrial automation market is segmented into industrial robots, control valves, sensors, human machine interface (HMI), control systems, and others. The control systems are sub-segmented into programmable logic controller (PLC), distributed control systems (DCS), supervisory control and data acquisition systems (SCADA), and others. Based on end use industry, the global industrial automation market is segmented into aerospace & defense, chemical, pharmaceuticals, food & beverages, energy & utility, oil & gas, automotive, transportation & logistics, metal & mining, and others. Based on geography, the global Industrial Automation market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on Industrial Automation. Further, market share of prominent companies in the global Industrial Automation market would also be estimated. For instance, ABB operates through four business segments namely Electrification, Motion, Industrial Automation, and Robotics & Discrete Automation. The industrial automation products are delivered under Industrial Automation business segment of the company with revenue contribution of US$ 6.273 billion in 2019.

The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the industrial automation companies. The global industrial automation market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the industrial automation business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global industrial automation market.

Major players active in the global industrial automation market include ABB, Emerson Electric Co., Honeywell International Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens, and Yokogawa Electric Corporation.

Market Segmentation:

By component

• industrial robots
• control valves
• sensors
• human machine interface (HMI)
• control systems
  • programmable logic controller (PLC)
  • distributed control systems (DCS)
  • supervisory control
  • data acquisition systems (SCADA)
  • others
• others

By End use industry

• aerospace & defense
• chemical, pharmaceuticals
• food & beverages
• energy & utility
• oil & gas
• automotive
• transportation & logistics
• metal & mining
• others

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America