Global Industrial Automation Market – Industry Trends and Forecast to 2030
Global Industrial Automation Market, By Components (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 and Fully-Automation), Systems (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), Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation), End User (Process Industries and Discrete Industries) - Industry Trends and Forecast to 2031.
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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**Segments**
- **Component**: The industrial automation market can be segmented based on components which include hardware, software, and services. Hardware components consist of sensors, controllers, switches, and relays, among others. The software segment includes various automation software solutions such as MES (Manufacturing Execution System) and SCADA (Supervisory Control and Data Acquisition). Additionally, services segment encompasses maintenance, training, and support services provided by automation vendors.
- **End-User**: Another crucial segment is based on end-users of industrial automation solutions. This segment includes industries such as automotive, manufacturing, pharmaceutical, food and beverage, oil and gas, and others. Each industry has unique automation requirements and demands tailored solutions to enhance productivity, efficiency, and safety within their operations.
- **Type**: Industrial automation can be further segmented based on types such as programmable automation, fixed automation, flexible automation, and integrated automation systems. Programmable automation involves the use of programmable logic controllers (PLCs) to automate processes. Fixed automation is suitable for high volume production with dedicated machinery. Flexible automation allows for quick changes in the production process. Integrated automation systems involve the integration of multiple automation technologies for seamless operations.
- **Industry**: The market can also be segmented based on industry verticals. This includes discrete industries like automotive and electronics manufacturing, as well as process industries such as chemical and oil refineries. Each industry vertical has specific automation requirements to optimize production processes, improve quality control, and ensure regulatory compliance.
**Market Players**
- **Siemens AG**: A prominent player in the industrial automation market, Siemens offers a wide range of automation solutions including PLCs, SCADA systems, and MES. The company's innovative technologies and extensive industry expertise make it a key player in the market.
- **Rockwell Automation**: Rockwell Automation is known for its comprehensive industrial automation offerings, including control systems, software solutions, and consulting services. The company's strong focus on digital transformation and IIoT capabilities positions it as a leading player in the market.
- **ABB Group**: ABB is a global leader in robotics, power, and automation technologies. The company's industrial automation solutions cater to various industries, enabling efficient and sustainable operations. ABB's strong presence in emerging markets further strengthens its position in the market.
- **Schneider Electric**: Schneider Electric provides integrated automation solutions for industries worldwide. With a focus on sustainability and energy efficiency, the company's offerings include automation systems, software platforms, and energy management solutions. Schneider Electric's commitment to innovation drives its competitiveness in the industrial automation market.
The global industrial automation market is dynamic and competitive, with key players constantly innovating to meet the evolving needs of industries. As digital transformation continues to drive automation trends, the market is expected to witness significant growth in the coming years. For detailed insights into the global industrial automation market, visit https://www.databridgemarketresearch.com/reports/global-industrial-automation-marketThe industrial automation market is a multifaceted industry with various segments that define its landscape and drive its growth. The segmentation based on components - hardware, software, and services - highlights the diverse elements that come together to create automation solutions. Hardware components such as sensors and controllers form the foundation of automation systems, while software solutions like MES and SCADA provide the intelligence and control mechanisms needed for efficient operations. The services segment plays a vital role in supporting and maintaining these automation technologies, ensuring they operate optimally and deliver the desired outcomes for end-users.
The end-user segment is critical in understanding the specific needs and requirements of different industries that rely on industrial automation solutions. Industries such as automotive, manufacturing, pharmaceutical, and oil and gas each have unique challenges and goals that necessitate tailored automation solutions. By catering to these distinct end-user requirements, automation vendors can offer specialized products and services that enhance productivity, efficiency, and safety within industrial operations.
The segmentation based on types of industrial automation systems further delves into the capabilities and functionalities of automation technologies. Programmable automation using PLCs enables precise control and automation of processes, while fixed automation is ideal for repetitive, high-volume production tasks. Flexible automation allows for adaptability and agility in production processes, while integrated automation systems leverage multiple technologies to create seamless and interconnected automation ecosystems. Understanding these different types of automation systems is crucial for selecting the right solutions that align with the specific needs of different industries and applications.
The industry verticals in which industrial automation solutions are deployed also play a significant role in shaping the market landscape. Discrete industries such as automotive and electronics manufacturing require precision and speed in production processes, while process industries like chemical and oil refineries need advanced automation solutions to ensure safety, compliance, and efficiency. By catering to the unique requirements of each industry vertical, automation vendors can create value-added solutions that drive innovation and excellence in industrial operations.
Market players such as Siemens AG, Rockwell Automation, ABB Group, and Schneider Electric are key stakeholders in the industrial automation market, driving innovation and shaping industry trends. Each of these companies offers a diverse portfolio of automation solutions designed to meet the evolving needs of industries worldwide. With a focus on technological advancement, industry expertise, and customer-centric approach, these market players play a crucial role in advancing the industrial automation market and driving its growth trajectory.
In conclusion, the global industrial automation market is poised for significant growth and transformation as industries continue to adopt automation technologies to enhance their operations. By understanding the various segments within the market, the key players driving innovation, and the evolving needs of industries, stakeholders can position themselves for success in this dynamic and competitive landscape.**Segments**
- Global Industrial Automation Market, By Components (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 and Fully-Automation)
- Systems (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)
- Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation)
- End User (Process Industries and Discrete Industries) - Industry Trends and Forecast to 2031.
The global industrial automation market is a dynamic and multifaceted industry that is continually evolving to meet the diverse needs of various sectors. The segmentation based on components highlights the critical elements that constitute automation solutions, ranging from sensors and industrial robots to control valves and human-machine interfaces. These components play a crucial role in shaping the functionality and efficiency of automation systems, catering to specific requirements across industries.
Modes of automation, including semi-automation and fully-automation, offer different levels of control and autonomy in industrial processes. Semi-automation allows for human intervention and oversight, ideal for tasks that require precision and flexibility, while fully-automation involves autonomous operation, enhancing efficiency and productivity in high-volume production environments. Understanding these modes of automation is essential for industries to select the most suitable approach that aligns with their operational needs and objectives.
Various systems and solutions within industrial automation, such as PID control, model-based control, SCADA, and digitalization, provide advanced capabilities for optimizing processes and enhancing decision-making. These systems integrate automation technologies to streamline operations, improve reliability, and drive innovation within industrial settings. By leveraging these solutions, industries can achieve greater operational efficiency, quality control, and regulatory compliance, thereby gaining a competitive edge in the market.
The types of automation, including programmable automation, fixed automation, integrated automation, and flexible automation, offer diverse functionalities to meet the specific requirements of different industries. Programmable automation utilizing PLCs enables precise control and customization of processes, while fixed automation is suitable for repetitive tasks with dedicated machinery. Integrated automation systems combine multiple technologies for seamless operations, while flexible automation allows for adaptability and agility in manufacturing processes.
Industry-specific end-user segments such as process industries and discrete industries further highlight the tailored automation solutions required to address unique challenges and opportunities within different sectors. Process industries like chemical and oil refineries demand sophisticated automation systems for safety, compliance, and efficiency, while discrete industries such as automotive and electronics manufacturing rely on precision and speed in production processes. By catering to these specific end-user needs, automation vendors can deliver customized solutions that drive innovation and productivity.
In conclusion, the global industrial automation market is marked by its diversity, innovation, and continuous evolution to meet the evolving needs of industries worldwide. The comprehensive segmentation based on components, modes of automation, systems, solutions, types, and end-users underscores the complexity and depth of the market landscape. By understanding these segments and industry trends, stakeholders can make informed decisions and capitalize on opportunities for growth and success in the dynamic and competitive industrial automation market.
The Industrial Automation Market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance.
Major Points Covered in TOC:
Industrial Automation Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Industrial Automation Market portions by application, study goals, and years considered.
Industrial Automation Market Landscape: Here, the opposition in the Worldwide Industrial Automation Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
Industrial Automation Profiles of Manufacturers: Here, driving players of the worldwide Industrial Automation Market are considered dependent on deals region, key items, net edge, income, cost, and creation.
Industrial Automation Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Industrial Automation Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.
Industrial Automation Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Industrial Automation Market.
Industrial Automation Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
Keyword: Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
What to Expect from the Report, a 7-Pointer Guide
- The Industrial Automation Market report dives into the holistic Strategy and Innovation for this market ecosystem
- The Industrial Automation Market report keenly isolates and upholds notable prominent market drivers and barriers
- The Industrial Automation Market report sets clarity in identifying technological standardization as well as the regulatory
- framework, besides significantly assessing various implementation models besides evaluation of numerous use cases
- The Industrial Automation Market report is also a rich repository of crucial information across the industry, highlighting details on novel investments as well as stakeholders and relevant contributors and market participants.
- A through market analytical survey and forecast references through the forecast tenure, encapsulating details on historical developments, concurrent events as well as future growth probability
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