Data Bridge Market research has recently issued comprehensive industry research on Global Industrial Automation Market which includes growth analysis, regional marketing, challenges, opportunities, and drivers analysed in the report. The market insights gained through this Industrial Automation market research analysis report facilitates more defined understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently.
An analysis of competitors is conducted very well in the reliable Industrial Automation Market report which covers vital market aspects about the key players. Moreover, the report gives out market potential for many regions across the globe based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios. It gives significant information and data pertaining to their insights in terms of finances, product portfolios, investment plans, and marketing and business strategies. Detailed market analysis has been performed here with the inputs from industry experts.
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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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.
Some of the major players operating in the global industrial automation market are Siemens, Analog Devices, Inc., Schneider Electric, General Electric Company, Mitsubishi Electric Corporation, and FANUC America Corporation among others.
Global Industrial Automation Market Scope
The global industrial automation market is segmented into six notable segments, which are based on components, mode of automation, systems, solution, type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Components
- Sensors
- Industrial Robots
- Industrial PC
- Machine Vision
- Industrial 3D Printing
- Human-Machine Interface (HMI)
- Field Instruments
- Control Valves
- Others
On the basis of components, the market is segmented into 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
- Fully-Automation
On the basis of mode of automation, the market is segmented into semi-automation and fully-automation.
Systems
- PID
- Model Based Control
- Others
On the basis of systems, the market is segmented into 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
On the basis of solution, the market is segmented into 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, and emission control.
Type
- Programmable Automation
- Fixed or Hard Automation
- Integrated Automation
- Flexible or Soft Automation
On the basis of type, the market is segmented into programmable automation, fixed or hard automation, integrated automation, and flexible or soft automation.
End User
- Process Industries
- Discrete Industries
On the basis of end user, the market is segmented into process industries and discrete industries.
Key Questions Answered with this Study
1) What makes Industrial Automation Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Industrial Automation Market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Industrial Automationin next few years?
8) What is the impact analysis of various factors in the Global Industrial Automation Market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Industrial Automation Market?
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