Industrial Automation Market Insights, Share & Growth Trends 2024 to 2030

Markntel Advisors’ report, Industrial Automation Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Industrial Automation presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Industrial Automation Market Research Report & Market Summary:

The Global Industrial Automation Market size was valued at around USD 162 billion in 2023 and is expected to register a CAGR of around 10.8% during the forecast period, i.e., 2024-30. The expansion observed in the Industrial Automation Market is primarily fueled by various factors. In recent years, the industrial sector has undergone fast modifications due to the steady integration of superior technology like robotics, artificial intelligence, and others. These technologies have collectively contributed to the market growth. Furthermore, automation allows for efficient & smart production infrastructure within the industrial areas, thus forcing businesses to utilize automation procedures to manage and enhance productivity with minimal involvement of labor.

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Industrial Automation Market Dynamics:

Key Driver-

Increasing Implementation of Industrial IoT to Boost Market Value – The significance of IoT in industrial automation is boosting the market size worldwide as it facilitates the development and optimization of efficient, economical, and adaptable system frameworks. The integration of Industrial IoT (IIoT) solutions enables connectivity between industrial resources for swift transparency and heightened efficiency. IIoT in conjunction with edge computing simplifies device management throughout its lifecycle across manufacturing processes.

Industrial Automation Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Component

Field Devices
- Industrial Robots- Market Size & Forecast 2019-2030, (USD Million)
- Human Machine Interface (HMI)- Market Size & Forecast 2019-2030, (USD Million)
- Control Valves- Market Size & Forecast 2019-2030, (USD Million)
- Sensors- Market Size & Forecast 2019-2030, (USD Million)
- Industrial 3D Printing- Market Size & Forecast 2019-2030, (USD Million)
- Others (Machine Vision, Fields Instruments, etc.)- Market Size & Forecast 2019-2030, (USD Million)
Industrial Control Systems
- Supervisory Control and Data Acquisition (SCADA)- Market Size & Forecast 2019-2030, (USD Million)
- Programmable Logic Controller (PLC)- Market Size & Forecast 2019-2030, (USD Million)
- Distributed Control System (DCS)- Market Size & Forecast 2019-2030, (USD Million)
- Manufacturing Execution System (MES)- Market Size & Forecast 2019-2030, (USD Million)
- Product Lifecycle Management (PLM)- Market Size & Forecast 2019-2030, (USD Million)
- Others (Industrial Safety, Plant Asset Management (PAM), etc.)- Market Size & Forecast 2019-2030, (USD Million)

During 2024-30, the Industrial Robots segment is projected to claim the top spot in the Industrial Automation Market, holding the largest market share.

By Level of Automation

Semi-automatic- Market Size & Forecast 2019-2030, (USD Million)
Fully Automatic- Market Size & Forecast 2019-2030, (USD Million)

By End User

Automotive- Market Size & Forecast 2019-2030, (USD Million)
Mining- Market Size & Forecast 2019-2030, (USD Million)
Water & Wastewater Management- Market Size & Forecast 2019-2030, (USD Million)
Electronic & Semiconductors- Market Size & Forecast 2019-2030, (USD Million)
Energy- Market Size & Forecast 2019-2030, (USD Million) & Power
Food & Beverages- Market Size & Forecast 2019-2030, (USD Million)
Oil & Gas- Market Size & Forecast 2019-2030, (USD Million)
Others (Pharmaceuticals, Chemicals, etc.) - Market Size & Forecast 2019-2030, (USD Million)

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

Over historical years, the Global Industrial Automation Market was majorly dominated by the Asia-Pacific region, as in 2023, the region held a market share of around 38% in the industrial automation market.

As indicated in the latest market research report published by Markntel Advisors, “Industrial Automation Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Industrial Automation industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/global-industrial-automation-market.html

Top Companies Operating in the Industrial Automation Market:

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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Other Report:

Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.