Data Bridge Market Research analyses that the global industrial automation market is expected to reach a value of USD 339.44 billion by 2031 from 181.85 billion in 2023, growing at a CAGR of 8.3% during the forecast period of 2024 to 2031.
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**Segments**
- **Hardware**: The hardware segment of industrial automation includes various components such as sensors, controllers, switches, and robots. These hardware components are crucial for the functioning of automated systems in industries. With advancements in technology, hardware components are becoming more intelligent and efficient, helping in optimizing industrial processes and improving productivity.
- **Software**: Industrial automation software plays a significant role in managing and controlling automated systems. This segment includes programmable logic controllers (PLCs), supervisory control and data acquisition (SCADA) systems, and other software solutions that enable seamless operation of industrial processes. Software is essential for streamlining operations, monitoring performance, and ensuring safety in industrial settings.
- **Services**: The services segment in industrial automation comprises maintenance, training, and support services provided by automation companies to their clients. These services are critical for ensuring the smooth functioning of automated systems and maximizing their uptime. Industrial automation services also include consultancy and customization services to meet the specific requirements of different industries.
**Market Players**
- **Siemens AG**: Siemens is a leading player in the industrial automation market, offering a wide range of automation solutions for various industries. The company provides hardware, software, and services to enhance operational efficiency and productivity in industrial settings.
- **Rockwell Automation, Inc.**: Rockwell Automation is another key player in the industrial automation sector, specializing in providing automation hardware and software solutions. The company's products are known for their reliability and performance, catering to the diverse needs of industrial clients.
- **ABB Ltd**: ABB is a prominent player in the industrial automation market, offering advanced automation technologies to improve process control and efficiency in industries. The company's solutions encompass hardware, software, and services, tailored to meet the evolving demands of the industrial sector.
- **Mitsubishi Electric Corporation**: Mitsubishi Electric is a renowned name in the industrial automation industry, known for its innovative automation solutions and cutting-edge technologies. The company provides a comprehensive range of products and services to optimize industrial processes and drive operationalThe industrial automation market is a highly competitive and dynamic industry, with several key players vying for market share and technological dominance. Siemens AG, a German conglomerate, stands out as a market leader in providing comprehensive automation solutions across various industries. Siemens' extensive portfolio of hardware, software, and services caters to the evolving needs of industrial clients, focusing on enhancing operational efficiency and productivity. The company's commitment to innovation and technological advancements has solidified its position as a trusted partner for industrial automation solutions globally.
Rockwell Automation, Inc., a prominent player in the industrial automation sector, has established a strong reputation for delivering reliable and high-performance automation hardware and software solutions. With a focus on meeting the diverse needs of industrial clients, Rockwell Automation's products are known for their quality and scalability, enabling seamless integration into existing manufacturing processes. The company's expertise in providing automation solutions that drive operational excellence and cost-effectiveness has positioned it as a preferred choice for industrial automation requirements.
ABB Ltd, a Swiss multinational corporation, is widely recognized for its advanced automation technologies that enhance process control and efficiency in industrial settings. ABB's comprehensive range of hardware, software, and services is tailored to meet the dynamic demands of modern industries, encompassing a wide spectrum of automation solutions designed to optimize production processes and boost operational performance. The company's commitment to sustainable and energy-efficient automation technologies further underscores its leadership in the industrial automation market.
Mitsubishi Electric Corporation, a Japanese multinational company, has earned a strong reputation in the industrial automation industry for its innovative automation solutions and cutting-edge technologies. With a focus on optimizing industrial processes and driving operational excellence, Mitsubishi Electric offers a diverse range of products and services that address the evolving needs of industrial clients. The company's commitment to delivering reliable and cost-effective automation solutions has established it as a key player in the global industrial automation market, driving innovation and efficiency across various industry sectors.
Overall, the industrial automation market is poised for significant growth and innovation, driven by advancements in technology, increased**Global Industrial Automation Market**
- **Components**:
- Sensors
- Industrial Robots
- Industrial PC
- Machine Vision
- Industrial 3D Printing
- Human-Machine Interface (HMI)
- Field Instruments
- Control Valves
- Others
- **Mode of Automation**:
- Semi-Automation
- Fully-Automation
- **Systems**:
- PID
- Model Based Control
- Others
- **Solution**:
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Enterprise Level Controls
- Programmable Automation Control (PAC)
- Plant Asset Management (PAM)
- Digitalization
- Functional Safety
- Emission Control
- **Type**:
- Programmable Automation
- Fixed or Hard Automation
- Integrated Automation
- Flexible or Soft Automation
- **End User**:
- Process Industries
- Discrete Industries
The global industrial automation market is witnessing substantial growth driven by technological advancements and the increasing focus on operational efficiency across industries. The demand for automation solutions is rising as organizations seek to streamline processes, enhance productivity, and ensure cost-effectiveness. The deployment of components such as sensors, industrial robots, and machine vision systems is enabling greater precision and control in industrial operations. The shift towards fully
The Industrial Automation Market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance.
Major Points Covered in TOC:
Industrial Automation Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Industrial Automation Market portions by application, study goals, and years considered.
Industrial Automation Market Landscape: Here, the opposition in the Worldwide Industrial Automation Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
Industrial Automation Profiles of Manufacturers: Here, driving players of the worldwide Industrial Automation Market are considered dependent on deals region, key items, net edge, income, cost, and creation.
Industrial Automation Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Industrial Automation Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.
Industrial Automation Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Industrial Automation Market.
Industrial Automation Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
Keyword: Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
What to Expect from the Report, a 7-Pointer Guide
- The Industrial Automation Market report dives into the holistic Strategy and Innovation for this market ecosystem
- The Industrial Automation Market report keenly isolates and upholds notable prominent market drivers and barriers
- The Industrial Automation Market report sets clarity in identifying technological standardization as well as the regulatory
- framework, besides significantly assessing various implementation models besides evaluation of numerous use cases
- The Industrial Automation Market report is also a rich repository of crucial information across the industry, highlighting details on novel investments as well as stakeholders and relevant contributors and market participants.
- A through market analytical survey and forecast references through the forecast tenure, encapsulating details on historical developments, concurrent events as well as future growth probability
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