Global Industrial Automation Market Outlook – 2024-2030
The most recent market study report, titled “Industrial Automation Market” Global Industry Size, Trends, Share, Growth Opportunity and Forecast 2024-2030 by MarkNtel Advisors provides unique and valuable insights into market dynamics and business owners a competitive edge. The accuracy and reliability of the data are thoroughly verified by our analyst experts and opinion leaders. By leveraging a combination of primary and secondary research, this report presents the information in a uniquely organized manner, utilizing tables, facts & figures, and charts to offer unparalleled clarity and comprehension of the market landscape.
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Global Industrial Automation Market Growth Opportunity 2024-2030:
Gaining Traction of Industry 5.0 to Cater Lucrative Opportunities to the Industrial Automation Sector – Industry 5.0 aims to perform mass personalization, customization, and optimization of human efficiency with the help of Artificial Intelligence and Digital Twin Technology. Increased automation demand through the deployment of next-generation technology will positively impact many industries. Thus, Industry 5.0 provides greater opportunities for highly automated manufacturing systems and will continue to gain momentum for market expansion. The need for today's industrial automation sector is fast progress in manufacturing techniques and production system digitization and intelligence. With Industry 5.0, the global industrial automation market will expand at a large scale in the coming years.
Competitive Analysis
Thoroughly examining competitors' market share, pivotal developments, and business strategies yields crucial insights into the competitive landscape. This analysis delves into factors like business description, product portfolio, strategic alliances or partnerships, recent developments, financial details, and others for identifying major players.
Leading players operating in the Global Industrial Automation Market are:
- ABB Ltd.
- Dwyer Instruments
- Emerson Electric Co.
- Honeywell International, Inc.
- Kawasaki Heavy Industries, Ltd.
- Mitsubishi Electric Corporation
- OMRON Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
- Yokogawa Electric Corporation
- General Electric (GE) Company
- STMicroelectronics International N.V.
- Robert Bosch Gmbh (Bosch Group)
- WAGO Global
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Segmentation Summary – Industrial Automation Market
Breakdown of Segments, By Level of Automation
> Semi-automatic
> Fully Automatic
Breakdown of Segments, By End User
> Automotive
> Mining
> Water & Wastewater Management
> Electronic & Semiconductors
> Energy & Power
> Food & Beverages
> Oil & Gas
> Others (Pharmaceuticals, Chemicals, etc.)
Breakdown of Segments, By Component
> Field Devices
>> Industrial Robots
>> Human Machine Interface (HMI)
>> Control Valves
>> Sensors
>> Industrial 3D Printing
>> Others (Machine Vision, Fields Instruments, etc.)
> Industrial Control Systems
>> Supervisory Control and Data Acquisition (SCADA)
>> Programmable Logic Controller (PLC)
>> Distributed Control System (DCS)
>> Manufacturing Execution System (MES)
>> Product Lifecycle Management (PLM)
>> Others (Industrial Safety, Plant Asset Management (PAM), etc.)
Based on Component: During 2024-30, the Industrial Robots segment is projected to claim the top spot in the Industrial Automation Market, holding the largest market share.
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East/Africa
- South America
Among all regions globally, the Asia-Pacific capture the largest share of the global Industrial Automation market during the forecast period.
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Frequently Asking Questions (FAQ’s):
- Which companies lead the global Industrial Automation market?
- How will current trends shape the market in the coming years?
- What opportunities, challenges, and driving forces characterize the Industrial Automation Industry?
- Which specific Industrial Automation market segments should industry players target to capitalize on recent technological advancements?
- What is the projected growth rate of the global Industrial Automation market?
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