The Global Industrial Automation Market is expected to grow at a significant CAGR during the forecast period (2021-2027). Because industry automation standardises industrial processes and assures consistent, high-quality outputs, it is in great demand in sectors that require dependable, high-quality production. Furthermore, due to qualities like little human interaction, higher quality, and lower labour expenditures, it meets the requirement for mass production in industries, resulting in a low total operational cost. The rising adoption of the Industry 4.0 movement and IoT enabled smart technologies has boosted demand for industrial automation.
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Various control systems are being used by industry leaders for process optimization and control of various industrial operations, such as additive manufacturing, moulding, painting, and metalworking. These control systems are made up of one or many control loops that use metres and sensors to automate a variety of operations, removing the need for human interaction. Pressure, level, temperature, and flow are all controlled using these approaches, which is an important operation in any industrial facility.
Technology proliferation, expanding economic prospects, and rising need for operational efficiency are all driving factors in the market. This ecosystem is intended to boost any country’s innovative capabilities by embracing the new era of economic development. It is also expected to have a major influence on a wide variety of organisations, stakeholders, and business models, resulting in a favourable regulatory environment, that will encourage adoption across industries globally. Growing public awareness of the industrial automation advantages, as well as technical developments in semiconductors and electrical devices, are projected to provide the sector with significant growth opportunities during the forecast period.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Control and Safety System
- By Component
- By Industry Vertical
- By End-User
- Competitive Landscape: ABB Ltd., Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Corporation, GE Company, and Yokogawa Electric Corporation among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from pre-COVID forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Industrial Automation Market Report
By Control and Safety System
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition System (SCADA)
- Manufacturing Execution System (MES)
- Safety Instrumented System (SIS)
- Programmable Logic Controllers (PLC)
- Human Machine Interface (HMI)
By Component
- Sensor
- Controllers
- Switches & Relays
- Industrial Robots
- Drives
By Industry Vertical
- Automotive Manufacturing
- Food & Beverage
- Oil & Gas Processing, Mining
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
