The industrial automation and control systems market caters to a wide range of industries such as manufacturing, oil & gas, chemical, energy and mining. Industrial control systems refer to components involved in data acquisition and control of industrial processes. They include controllers, sensors, actuators, and industrial networks that allow for communication between industrial control components. The major functions they serve include monitor, control and regulate industrial processes to maximize productivity. Rising adoption of digital technologies across industries has increased the demand for Industrial IoT (IIoT) systems like distributed control systems (DCS), programmable logic controllers (PLCs), supervisory control and data acquisition (SCADA) systems. The growing need for improved operational efficiency, reduced downtime and optimum resource utilization is anticipated to drive the demand for these Industrial automation systems over the forecast period.

The Global Industrial automation and control systems Market is estimated to be valued at US$ 201.06 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in The Industrial Automation And Control Systems are LG Chem, Hanmi Pharmaceutical Co., Ltd., Boryung Pharmaceutical Co., Ltd., Novartis AG, EirGenix, Inc., Biocon Limited, G.L. Pharma GmbH, Daewoong Pharmaceutical Co., Ltd., Sandoz International GmbH, Boryung Pharmaceutical Co., Ltd., VHB Life Sciences Limited, HanAll Biopharma, Taiba Healthcare, Huons Co., Ltd., Dong-A ST Co., Ltd. These players are focusing on expanding their product portfolio and manufacturing facilities globally to cater to the growing demand.

Rising demand from process industries along with growing adoption of industrial IoT solutions across manufacturing industries are expected to open up several lucrative growth opportunities in the market over the forecast period. Additionally, the increasing adoption of cloud-based industrial control systems is anticipated to boost the market growth.

Key players are focusing on expanding their geographical footprint to leverage the opportunities in emerging economies of Asia Pacific, Latin America and Middle East regions. Growing industrialization coupled with government initiatives promoting industrial automation are encouraging global players to expand in these high growth potential markets.

Market drivers:
Growing demand for mass customization and personalized production is driving the adoption of flexible, responsive industrial control systems to enable on-demand manufacturing. Additionally, the need for energy efficient operations and reduction in carbon footprint has increased focus on integrating renewable energy solutions with industrial automation systems.

Market restrain:
High initial investment costs associated with installation, integration and upgradation of industrial automation systems act as a major restrain for its adoption, particularly among small and medium enterprises. Additionally, lack of skilled workforce and technical knowledge required for managing complex industrial control systems pose challenges.

Segment Analysis
The industrial automation and control systems market can be segmented into programmable logic controllers, distributed control systems, and human machine interface. The programmable logic controller sub segment currently dominates the market as PLCs are widely used in industries for continuous and repetitive processes like assembly lines and machines. PLCs provide robust, reliable and flexible solutions for controlling industrial automation applications compared to traditional electromechanical or hard-wired relay-based systems. This has resulted in PLC becoming the preferred industrial control equipment across various industries like automotive, oil and gas, food and beverages etc.

Global Analysis
The Asia Pacific region is currently the fastest growing as well as the dominating region in the industrial automation and control systems market. This is mainly due to strong economic growth and rising industrialization in many countries in Asia Pacific like China, Japan, India and South Korea. The automotive, electronics and food and beverages industries form a major chunk of the industrial sector in APAC and extensive use of automation equipment is being adopted by these industries to enhance productivity and efficiency. North America is another prominent region driven by presence of many key automation companies and early industrialization. However, demand is expected to rise significantly in European countries in the forecast period with initiatives to modernize legacy systems and adopt industry 4.0 technologies.

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