Industrial automation uses technology and control systems, such as computers and robots, to complete activities that were previously completed manually. These solutions reduce the need for operator engagement and supervision by automating industrial equipment operations. Industrial automation control system solutions require smart devices for data gathering as well as secure infrastructures to enable communications and data transfers.
According to this analysis, the Global Industrial Automation and Control Systems Market was valued at ~US$ 150 billion in 2017. The market is anticipated to grow significantly throughout the projected period as a result of the growing adoption of process automation across numerous industries, including automotive, energy utilities, and chemicals. It is estimated to be ~US$ 250 billion in 2022 and is expected to reach a market size of ~US$ 450 billion by 2028 growing at a CAGR of ~11% during 2022-2028.
Many industries like manufacturing, oil and gas, chemicals and materials, pharmaceuticals, and materials and chemicals implement automation systems and prefer to use tried-and-true standards and technology to ensure reliable, secure, and consistent operations, which is driving the market for industrial automation to grow quickly.
Industrial automation acts as a catalyst for greater dependability and efficiency that raises the return on investment (ROI). Industrial automation decreases production costs while raising output rate and quality through the use of cutting-edge, integrated technology.
As automation involves installing hardware like highly precise robots, sensory-perceptive machines, and wheels that support mobility, it necessitates a substantial financial investment, which results in very high upfront costs.
In 2020, the manufacturing and industrial sectors have been greatly disrupted by the COVID-19 pandemic. COVID-19 has, however, considerably accelerated the growth of industrial automation across the manufacturing sector as a result of the increased adoption of industry 4.0 over the past few years.
Government programs and laws that support the digitization of manufacturing facilities and investments in the IIoT are also significant drivers of the adoption of industrial automation systems in Asia Pacific region.
In 2020, Rockwell Automation, Inc. acquired ASEM, S.p.A., and a renowned Italian supplier of digital automation solutions. The Control & Visualization hardware and software portfolio will be further improved by this acquisition within the Architecture & Software business area.
Note:This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.
According to this analysis, the Global Industrial Automation and Control Systems Market was valued at ~US$ 150 billion in 2017. The market is anticipated to grow significantly throughout the projected period as a result of the growing adoption of process automation across numerous industries, including automotive, energy utilities, and chemicals. It is estimated to be ~US$ 250 billion in 2022 and is expected to reach a market size of ~US$ 450 billion by 2028 growing at a CAGR of ~11% during 2022-2028.
Many industries like manufacturing, oil and gas, chemicals and materials, pharmaceuticals, and materials and chemicals implement automation systems and prefer to use tried-and-true standards and technology to ensure reliable, secure, and consistent operations, which is driving the market for industrial automation to grow quickly.
Industrial automation acts as a catalyst for greater dependability and efficiency that raises the return on investment (ROI). Industrial automation decreases production costs while raising output rate and quality through the use of cutting-edge, integrated technology.
As automation involves installing hardware like highly precise robots, sensory-perceptive machines, and wheels that support mobility, it necessitates a substantial financial investment, which results in very high upfront costs.
In 2020, the manufacturing and industrial sectors have been greatly disrupted by the COVID-19 pandemic. COVID-19 has, however, considerably accelerated the growth of industrial automation across the manufacturing sector as a result of the increased adoption of industry 4.0 over the past few years.
Scope of the Report
The Global Industrial Automation and Control Systems Market are segmented by Component Type, Control System, and Industry. In addition, the report also covers market size and forecasts for the four regions. The revenue used to size and forecast the market for each segment is US$ BillionBy Component
- Human-Machine Interface (HMI) Component
- Industrial Robots
- Control Valves
- Sensors
- Others
By Control System
- DCS
- PLC
- SCADA
- Others
By End-user Industry
- Aerospace & Defense
- Automotive
- Chemical
- Energy & Utilities
- Food & Beverage
- Healthcare
- Manufacturing
- Mining & Metal
- Oil & Gas
- Transportation
- Others
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, Italy, France, Spain, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)
- LAMEA (Latin America, Middle East, Africa)
Key Players
- Schneider Electric
- Rockwell Automation, Inc
- Honeywell International Inc
- Emerson Electric Co
- ABB
- Mitsubishi Electric Corporation
- Siemens
- Omron Corporation
- Yokogawa Electric Corporation
- General Electric Co
Key Trends by Market Segment
By Component- Control valve component dominated the market in 2021, due to the rapid advancement of technology.
- Control valves have a significant market share in the oil and gas industry owing to the benefits it offers in terms of pressure and temperature control throughout downstream, middle, and upstream activities
- The need for control valves in the power generating industry is expected to grow due to the increasing number of power production plants around the world and the growing demand for energy and electricity in developing countries
By Control System - DCS segment dominated the market during 2021, owing to its uses including production scheduling, preventative maintenance scheduling, and information interchange.
- An automated management solution for monitoring and managing a variety of industrial processes is called a distributed control system (DSC). It is utilized for information reporting, process control, process supervision, and data collection
- Demand for DCS is rising as a result of features including scalability, simple and convenient installation, and automatic updates. The demand for DCS has also increased as a result of the expanding industrialization around the world, particularly in developing countries in the Asia Pacific and the Middle East
By Industry- The manufacturing industrydominated the market during the forecast period due to trends in the manufacturing sector being at the forefront as it goes through its biggest transition in recent years
- Manufacturing operations are increasingly moving toward automation and technological convergence as manufacturers see the value of a successful digital transformation
- The adoption of automation solutions also makes it easier to integrate data about production processes and electric assets, which contributes to greater sustainability over the course of a manufacturing plant's entire lifecycle
- By Geography: Asia Pacificaccounted for the largest market share among all regions in 2021, due to the adoption of automation continually increasing in countries such as India, Japan, China, and South Korea
Government programs and laws that support the digitization of manufacturing facilities and investments in the IIoT are also significant drivers of the adoption of industrial automation systems in Asia Pacific region.
Competitive Landscape
The Global Industrial Automation and Control Systems Market are highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Industrial Automation and Control Systems. Large global players constitute ~20% of competitors, while regional players represent the second largest number of competitors. Some of the major players in the market include Schneider Electric, Rockwell Automation, Inc., Honeywell International Inc. Emerson Electric co., ABB, Mitsubishi Electric Corporation, Siemens, Omron Corporation, Yokogawa Electric Corporation, General Electric Co., and others.Recent Developments Related to Major Players
In 2021, ABB and ETH partnered to enhance robotics research, a new partnership and a US$ 2.5 million gift will help Switzerland become one of the top robotics research centers in the world.In 2020, Rockwell Automation, Inc. acquired ASEM, S.p.A., and a renowned Italian supplier of digital automation solutions. The Control & Visualization hardware and software portfolio will be further improved by this acquisition within the Architecture & Software business area.
Conclusion
The Global Industrial Automation and Control Systems Market is anticipated to grow significantly throughout the projected period (2022-2028) due to the increasing adoption of process automation solutions across numerous sectors, including the automotive, chemical, and energy utilities, the market is predicted to have significant growth throughout the forecast period. Though the market is highly competitive with ~800 participants, few global players control the dominant share and regional players also hold a significant share. The market size is estimated to be ~US$ 250 billion in 2022 and is expected to reach a market size of ~US$ 450 billion by 2028 growing with a CAGR of ~11%. The Asia Pacific is the dominating region, as China and Japan are among the top producers and consumers of industrial robots, sensors, and machine vision systems in Asia.Note:This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.
Key Topics Covered in the Report
- Snapshot of Industrial Automation and Control Systems Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Industrial Automation and Control Systems Market
- Historic Growth of the Overall Industrial Automation and Control Systems Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Industrial Automation and Control Systems Market Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Industrial Automation and Control Systems Market
- Future Market Forecast and Growth Rates of the Total Industrial Automation and Control Systems Market and by Segments
- Market Size of Application/End User Segments with Historical CAGR and Future Forecasts
- Analysis of the Industrial Automation and Control Systems Market in Global Regions
- Major Production/Supply and Consumption/Demand Hubs in the Region
- Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within the Region
- CDP Technologies AS
- ControlX Inc
- future robotics and automation
- Renovus Vision Automation
- AInnovation
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report
- Industrial Automation Equipment Manufacturers and Providers
- Industrial Automation Consultants
- Automation Equipment Distributors and Developers
- Industrial Automation Solution Companies
- Research Organizations and Consulting Companies
- Robotics Manufacturing Companies
- Robotic Organizations, Forums, Alliances, And Associations
- Components Suppliers for Automation Equipment Manufacturers
- Sensors And Meter Manufacturing Companies
- Government Ministries and Departments of Engineering and Machinery
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
Frequently Asked Questions
What is the Study Period of this Market Report?
- The Global Industrial Automation and Control Systems Market are covered from 2017-2028 in this report, which includes a forecast for the period 2022-2028
What is the Future Growth Rate of the Global Industrial Automation and Control Systems Market?
- The Global Industrial Automation and Control Systems Market is expected to witness a CAGR of ~11% over the next six years
What are the Key Factors Driving the Global Industrial Automation and Control Systems Market?
- The result of the growing adoption of process automation across numerous industries, including automotive, energy utilities, and chemicals are expected to be the primary driver of this market
Which is the Largest Component Segment within the Global Industrial Automation and Control Systems Market?
- The control valves component segment held the largest share of the global industrial automation and control systems market in 2021
Who are the Key Players in the Global Industrial Automation and Control Systems Market?
- Schneider Electric, Rockwell Automation, Inc., Honeywell International Inc., Emerson Electric co., ABB, Mitsubishi Electric Corporation, Siemens, Omron Corporation, Yokogawa Electric Corporation, General Electric Co., and among others are the major companies operating in the Global Industrial Automation and Control Systems Market.
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- TAM/SAM/SOM Analysis
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Table of Contents
1. Executive Summary
2. Market Overview and Key Trends Impacting Growth
3. Total Global - Market Segmentation by Component Type, Historic Growth, Outlook & Forecasts
4. Total Global - Market Segmentation by Control System, Historic Growth, Outlook & Forecasts
5. Total Global - Market Segmentation by End-user Industry, Historic Growth, Outlook & Forecasts
6. Industry/Competition Analysis - Competitive Landscape
7. Key Competitor Profiles (Company Overview, Product Offerings, Strength & Weakness of Key Competitors)
8. Geographic Analysis & Major Region Market Historic Growth, Outlook, and Forecasts
9. Industry Expert’s Opinions/Perspectives
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Key Players
- Schneider Electric
- Rockwell Automation, Inc.
- Honeywell International Inc.
- Emerson Electric co.
- ABB
- Mitsubishi Electric Corporation
- Siemens
- Omron Corporation
- Yokogawa Electric Corporation
- General Electric Co.
- CDP Technologies AS
- ControlX Inc.
- future robotics and automation
- Renovus Vision Automation
- AInnovation
