As per this study, the Global Industrial Control And Factory Automation Market was valued USD 141.9 BN (by revenue) in 2022 and is anticipated to reach USD 284.2 BN by 2030 with a CAGR of 9.07%.
Industrial control and factory automation involve various control system that is used to reduce human efforts. It is used across several industries such as automotive, oil & gas, food & beverages and others to increase productivity & flexibility, improve work quality, reduce human errors and extends system life.
Market Dynamics
The market is mainly driven in virtue of rising focus towards industrial automation to reduce human errors & optimum usage of the resource available. Increasing use of advanced technologies across various industries for better productivity with growing government support to increase adoption of technologies is also fueling the market growth. Robust industrialization in developing economies is another factor triggering growth of this market. However, lack of awareness about the market is projected to curb its growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of industrial control and factory automation.
Market Segmentation
The broad industrial control and factory automation market has been sub-grouped into product and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Component
- Sensors
- Industrial Robots
- Machine Vision
- Control valves
- Industrial PC
- Control devices
- Field Instruments
- Industrial 3D printing
- Human-Machine Interface
By Solution
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Controller (PLC)
- Manufacturing Execution System (MES)
- Product Life Cycle Management (PLM)
- Plant Asset Management (PAM)
- Functional Safety
By Industry
- Process Industry
- Discrete Industry
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for industrial control and factory automation in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Industrial Control And Factory Automation Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the industrial control and factory automation market include ABB, Emerson Electric, Rockwell Automation, Siemens, Endress+Hauser Group Services, Schneider Electric, Yokogawa, OMRON, Mitsubishi Electric, Honeywell, etc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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