Industrial Automation Market : A Study of the Industry's Key Players and Their Strategies
The Industrial Automation Market Size was valued at USD 182.1 Billion in 2023 and is expected to reach USD 377.9 Billion by 2032 and grow at a CAGR of 8.45% over the forecast period 2024-2032.
The industrial automation market is experiencing robust growth as industries worldwide shift towards increased efficiency, precision, and sustainability in their operations. Driven by advancements in technologies such as robotics, artificial intelligence (AI), and the Industrial Internet of Things (IIoT), automation solutions are transforming traditional manufacturing processes. These technologies enable real-time monitoring, predictive maintenance, and enhanced decision-making, leading to significant cost savings and operational agility. The push for automation is particularly strong in sectors like automotive, electronics, pharmaceuticals, and food and beverage, where precision and scalability are critical to meeting rising consumer demands.
Moreover, the market is benefiting from a global emphasis on smart factories and Industry 4.0 initiatives, which promote the integration of digital and physical systems. With labor shortages and increasing costs of manual processes, industries are investing in automated systems to maintain competitiveness. Furthermore, sustainability trends are driving the adoption of automation solutions that reduce energy consumption and waste. Regions such as North America, Europe, and Asia-Pacific are witnessing a surge in automation adoption, with the Asia-Pacific region leading due to rapid industrialization and technological advancements in countries like China, Japan, and South Korea.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Industrial Automation industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Industrial Automation market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, and other players.
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Industrial Automation market.
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It has segmented the global Industrial Automation market
By Components
Hardware
- Photoelectric
- Laser
- Inductive
- Others
- Motor
- AC
- DC
- Drive
Sensors
- PLC
- HMI
- Servo
- Laser Markers
- Safety Light Curtain
- Robots
Software
By Industry
- Discrete Automation
- Automotive
- Electronics
- Heavy Manufacturing
- Packaging
- Others
Process Automation
- Oil & Gas
- Chemicals
- Pulp & Paper
- Mining and Metals
- Healthcare
- Others
Key Points Covered in the Report:
- A thorough analysis of value and volume at the worldwide, sector, and regional levels is included in the global Industrial Automation ' market report.
- The study offers a full business size Industrial Automation ' from a global point of view through a review of past facts and possible scenarios.
- Geographically, the Industrial Automation of market analysis includes the number of regions and their contrast of revenue.
- The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.
Key Reasons to Purchase this Report:
- A comprehensive study of market size, share and dynamics is a global Industrial Automation 'market research report and a thorough survey of developments in the field.
- It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
- In addition to the strategic landscape for commodity pricing and marketing, the Industrial Automation ' industry research also provides key players.
- This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.
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