Industrial Automation Market - Global Revenue, Trends, Growth, Share, Size and Forecast
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Product Code:
RP-ID-10325627 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
149 -
Category:
Industrial Automation & Equipment -
Publisher:
Pub-ID-51
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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The global industrial automation market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges in the industrial automation market.
KEY BENEFITS OF THE REPORT:
In-depth analysis of the market ecosystem and its impact on the revenue growth
Meticulous understanding of the key new market opportunities in individual geographic regions/countries
Detailed analysis of the significant sustainability strategies adopted by the major players in this market
KEY PREMIUM INDUSTRY INSIGHTS:
The industrial automation market has been experiencing substantial growth in recent years. This growth is boosted with the increasing demand of Interne of Things (IoT) and machine-to-machine communication technology in industrialization processes of various manufacturing segments such as machinery and processing units.
Several other driving factors such as smart waste management system, optimize resource allocation, improved process efficiency, and time bound systems are expected to be the key opportunity areas for the global industrial automation market.
However, the requirement for huge capital investment and inefficient managing skills in the industry limit the adoption of automated technology in the manufacturing industry.
Incompatibility in various equipment standards in the manufacturing processes, high maintenance cost, and difficulties in shifting and modernizing plant machinery parts are also believed to inhibiting the growth of industrial automation market.
The demand for wage cutting contribute to decreasing the operational costs and providing smart robotics technology at a reduced cost, which is anticipated to provide growth opportunities for the industrial automation market.
MARKET SEGMENTATION:
This report analyzes the industrial automation market by the following segments:
Industrial Automation Market, by Technology
SCADA (Supervisory Control & Data Acquisition)
DCS (Distributed Control System)
PLC (Programmable Logic Controller)
MES (Manufacturing Execution System)
HMI (Human Machine Interface)
PLM (Product Lifecycle Management)
Industrial Automation Market, by End-User
Manufacturing
Automotive
Aerospace & Defense
Oil & Gas
Chemical
Mining & Metals
Power & Energy
Processing Units
Food and Beverages
KEY MARKET PLAYERS:
Key players in the industrial automation market include:
ABB Ltd.
Honeywell International, Inc.
Johnson Controls, Inc.
Rockwell Automation, Inc.
Emerson Electric Corporation
Siemens AG
Schneider Electric SE
Yokogawa Electric Corporation
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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