Plant Automation Solutions - Global Strategic Business Report

The global market for Plant Automation Solutions was estimated at US$63.2 Billion in 2023, and is projected to reach US$113.7 Billion by 2030, growing at a CAGR of 8.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the plant automation solutions market is driven by several factors. Firstly, the increasing complexity of industrial operations and the rising need for high-quality production outputs necessitate the integration of sophisticated automation technologies. Secondly, global competition in manufacturing pushes companies to adopt efficient and scalable automation solutions to enhance productivity and reduce costs. Technological advancements, particularly in artificial intelligence, machine learning, and the Internet of Things (IoT), are also significant drivers, as they enable smarter, more connected, and more adaptable automation systems. Additionally, regulatory pressures for better compliance, safety standards, and environmental concerns encourage industries to invest in automation to ensure precise control over their operations. Furthermore, changing consumer behavior that demands customization, faster delivery, and sustainable products influences manufacturers to adopt flexible and efficient automation solutions. These factors collectively contribute to robust growth and continual innovation in the plant automation solutions market, reflecting broader industrial trends towards digitization and efficiency.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Hardware Component segment, which is expected to reach US$61.2 Billion by 2030 with a CAGR of a 8.3%. The Software Component segment is also set to grow at 9.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $17.2 Billion in 2023, and China, forecasted to grow at an impressive 12.0% CAGR to reach $23.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Plant Automation Solutions Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Plant Automation Solutions Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Plant Automation Solutions Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as ABB Ltd., Bosch Rexroth Corporation, EDAG Engineering Group AG, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 51 Featured):

• ABB Ltd.
• Bosch Rexroth Corporation
• EDAG Engineering Group AG
• Emerson Electric Co.
• GE Vernova
• Hitachi Energy Ltd.
• MAVERICK Technologies, LLC.
• Metso Corporation
• Mitsubishi Electric US, Inc.
• NeoMatrix, Inc.
• Primetals Technologies Limited
• Rockwell Automation, Inc.
• Schneider Electric SE
• Siemens AG
• Tetra Pak International S.A.;