HOUSTON, March 29, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research has recently published comprehensive business research on "Industrial Automation Market" including historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. The Industrial Automation Market research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps us understand how to connect with customers, how to stack up against the competition, and how to plan the next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers.
A high-quality Industrial Automation market research report is structured with full commitment and transparency in research about Industrial Automation industry. The report presents with the CAGR value fluctuations for the specific forecasted period which helps decide costing and investment strategies. In this competitive marketplace, businesses are always in struggle to seek better solutions in terms of product trends, future products, marketing strategy, future events, actions or behaviours. This global market analysis offers an examination of various segments that are relied upon to witness the quickest development amid the estimated forecast frame.
Data Bridge Market Research analyses that the industrial automation market was valued at USD 175.76 billion in 2022 and is expected to reach USD 399.24 billion by 2030, registering a CAGR of 10.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Industrial automation is the usage of technologies such as robotics and computer software to control processes and machinery which substitute human beings in performing specific functions. These functions are mainly cantered on manufacturing, material handling and quality control processes. Industrial automation is the processes and control of machinery which used in numerous industries by autonomous systems. Industries usage automation to reduce costs and surge productivity related to their benefits and other associated expenses, while growing flexibility and precision.
Recent Development
In 2021, Accenture plc completed its acquisition with Pollux, an industrial automation solution provider. This acquisition goals to leverage Pollux’s expertise and experience in robotics and automation solutions.
In 2021, ABB launched its cobot range in the SWIFT and GoFa automation robot families. With faster robot mobility and augmented payload capacity, these automation robots will complement Single Arm YuMi and YuMi in ABB's cobot portfolio.
Opportunities
- High usage of industrial automation in healthcare sector
Industrial automation is high in demand in healthcare sector because it provides services and consultation to treat patients’ health issues such as palliative, rehabilitative, curative and curative. Control and automation can improve supply chain errors and operational costs and improve customer centre, which accounts for better patient treatment and care. Automation has also allowed doctors to conduct surgeries remotely or with negligible human interference for added safety and precision. Thus, the high usage of industrial automation in healthcare sector will expected to create immense opportunities for the market growth.
Some of the major players operating global Industrial Automation market are
- Schneider Electric (France)
- Emerson Electric Co. (U.S.)
- Rockwell Automation, Inc. (U.S.)
- Endress+Hauser Group Services AG (Switzerland)
- Honeywell International Inc. (U.S.)
- ABB (U.S.)
- YASKAWA ELECTRIC CORPORATION. (Japan)
- Siemens (Germany)
- General Electric (U.S.)
- Dwyer Instruments Ltd (U.S.)
- Mitsubishi Electric Corporation (Japan)
- OMRON Corporation (Japan)
- Hitachi, Ltd (Japan)
- Stratasys (Israel)
- WIKA Instruments India Pvt. Ltd. (India)
- FANUC Corporation (Japan)
- Yokogawa India Ltd (Japan)
- Azbil Corporation (Japan)
- PARKER HANNIFIN CORP (U.S.)
- Sensirion AG (Switzerland)
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Segmentation: Industrial Automation Market
Type
- Fixed Automation
- Programmable Automation
Component
- Industrial Robots
- Machine Vision
- Control Valves
- Field Instruments
- Human–Machine Interface
- Industrial PC
- Sensors
- Industrial 3D Printing
Solution
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Manufacturing Execution System (MES)
- Product Lifecycle Management (PLM)
- Functional Safety and Plant Asset Management (PAM)
Mode of Automation
- Semi-automatic
- Fully-automatic
End-use Industry
- Oil & Gas
- Upstream
- Midstream
- Downstream
- Chemicals
- Pharmaceuticals & Medical Devices
- Food & Beverages
- Beverages & Distilleries
- Dairy Processing
- Bakery & Confectionary
- Meat, Poultry, and Seafood Products
- Fruits & Vegetables
- Oil & Fats
- Other F&B End Users
- Energy & Power
- Automotive
- Machine Manufacturing
- Water & Wastewater treatmentt
- Electronics & Semiconductors
- Metals & Mining
Industrial Automation Market Regional Analysis/Insights
The global industrial automation market is analyzed and market size insights and trends are provided by country, type, component, solution, mode of automation and end-use industry as referenced above.
The countries covered in the industrial automation market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the industrial automation market in terms of revenue and market share. This is mainly due to wide adoption of enabling technologies such as cyber security, artificial intelligence, big data and internet of things technology in this region.
Asia-Pacific will continue to project the highest growth rate during the forecast period of 2023-2030 due to increasing industrialization and growing adoption of innovative industrial technologies in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Drivers
- Government initiatives for adoption of industrial automation
Governments in Asia-Pacific and Europe are supporting the adoption of industrial automation systems and technologies for the digitalization of their individual manufacturing industry. For instance, Chinese government capitalised $577 million in emerging industrial robots under its Made in China plan in 2019, In this plan, the government goals to improve the production capabilities of Chinese sector. Under its 5 year Robot Industry Development Plan, China strategies to develop best robot manufacturers which create around 8–10 industrial clusters. Furthermore, the U.K. government announced plans to spend about $180 million on its “Manufacturing Made Smarter” scheme In September 2020, which is intended to promote innovation and interconnectivity in the country’s manufacturing sector.
- Increasing demand of automation solutions for safety compliance
Many industrial manufacturing procedures can be dangerous to humans. All over the manufacturing process, mechanical faults or human errors can result in deadly occurrences. As a result of this, the industrial automation industry must integrate safety measures to stop workplace accidents. Safety compliance automation products support in decreasing the danger of an accident. As a result, these safety instruments are manufactured to react reliably and swiftly. the International Standard Organization (ISO) and the Worldwide Electrotechnical Commission (IEC) manage international safety standards for machinery to assure product quality, worker safety, and technical compatibility of products and services.
The investment made in the study would provide you access to information such as:
- Industrial Automation Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country-wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
- Industrial Automation Market Size
- Market Size by application/industry verticals
- Market Projections/Forecast
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Restraints/ Challenges
- Issues associated with industrial automation
Lack of trained expertise or skilled professionals will pose a major challenge to the growth of the industrial automation market. Moreover, high initial capital investments will act as a major market restraint for the growth of the market. Furthermore, complications involved in the technical applications will further hider the growth rate of the industrial automation market.
This industrial automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Industrial Automation Market: Regulations
- Market Overview
- Global Industrial Automation Market, By Type
- Global Industrial Automation Market, By Component
- Global Industrial Automation Market, By Solution
- Global Industrial Automation Market, By Mode of Automation
- Global Industrial Automation Market, By End-use Industry
- Global Industrial Automation Market, By End User
- Global Industrial Automation Market, By Distribution Channel
- Global Industrial Automation Market, By Region
- Global Industrial Automation Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of Contents, Click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-automation-market
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