Unveiling the Future: Industrial Automation Market to USD Value 162 billion in 2023, forecast by 2030, Featuring a CAGR of 10.8% – MarkNtel Advisors

How big is the Global Industrial Automation market?

According to MarkNtel Advisors study, The Global Industrial Automation Market size was valued at around USD 162 billion in 2023 and is estimated to grow at a CAGR of about 10.8% during the forecast period, i.e., 2024-30.

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Global Industrial Automation Market Driver:

Increasing Implementation of Industrial IoT to Boost Market Value – The significance of IoT in industrial automation is boosting the market size worldwide as it facilitates the development and optimization of efficient, economical, and adaptable system frameworks. The integration of Industrial IoT (IIoT) solutions enables connectivity between industrial resources for swift transparency and heightened efficiency. IIoT in conjunction with edge computing simplifies device management throughout its lifecycle across manufacturing processes.

Several companies are implementing their own industrial IoT technology to enhance their efficiency, productivity, and overall performance. One such instance is Siemens, which developed its own industrial IoT offerings, such as MindSphere, Mendix, and IndustrialEdge that rely on automation technologies for insights derived from industrial data.  Hence, organizations implement these technologies to streamline their operations while enhancing customer satisfaction. Consequently, there is a projected market growth trajectory due to the widespread adoption and implementation of IIoT within various industries.

Leading Companies in the Global Industrial Automation market:

• ABB Ltd.
• Dwyer Instruments
• Emerson Electric Co.
• Honeywell International, Inc.
• Kawasaki Heavy Industries, Ltd.
• Mitsubishi Electric Corporation
• OMRON Corporation
• Rockwell Automation, Inc.
• Schneider Electric
• Siemens AG
• Yokogawa Electric Corporation
• Fanuc Corporation
• WIKA Gmbh
• Stratasys
• 3D Systems Corp.
• Others

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Global Industrial Automation Market Segmentation:

By Component

• Field Devices
  • Industrial Robots- Market Size & Forecast 2019-2030, (USD Million)
  • Human Machine Interface (HMI)- Market Size & Forecast 2019-2030, (USD Million)
  • Control Valves- Market Size & Forecast 2019-2030, (USD Million)
  • Sensors- Market Size & Forecast 2019-2030, (USD Million)
  • Industrial 3D Printing- Market Size & Forecast 2019-2030, (USD Million)
  • Others (Machine Vision, Fields Instruments, etc.)- Market Size & Forecast 2019-2030, (USD Million)
• Industrial Control Systems
  • Supervisory Control and Data Acquisition (SCADA)- Market Size & Forecast 2019-2030, (USD Million)
  • Programmable Logic Controller (PLC)- Market Size & Forecast 2019-2030, (USD Million)
  • Distributed Control System (DCS)- Market Size & Forecast 2019-2030, (USD Million)
  • Manufacturing Execution System (MES)- Market Size & Forecast 2019-2030, (USD Million)
  • Product Lifecycle Management (PLM)- Market Size & Forecast 2019-2030, (USD Million)
  • Others (Industrial Safety, Plant Asset Management (PAM), etc.)- Market Size & Forecast 2019-2030, (USD Million)

During 2024-30, the Industrial Robots segment is projected to claim the top spot in the Industrial Automation Market, holding the largest market share.

By Level of Automation

• Semi-automatic- Market Size & Forecast 2019-2030, (USD Million)
• Fully Automatic- Market Size & Forecast 2019-2030, (USD Million)

By End User

• Automotive- Market Size & Forecast 2019-2030, (USD Million)
• Mining- Market Size & Forecast 2019-2030, (USD Million)
• Water & Wastewater Management- Market Size & Forecast 2019-2030, (USD Million)
• Electronic & Semiconductors- Market Size & Forecast 2019-2030, (USD Million)
• Energy- Market Size & Forecast 2019-2030, (USD Million) & Power
• Food & Beverages- Market Size & Forecast 2019-2030, (USD Million)
• Oil & Gas- Market Size & Forecast 2019-2030, (USD Million)
• Others (Pharmaceuticals, Chemicals, etc.) – Market Size & Forecast 2019-2030, (USD Million)

Regional/ Countries Insight:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Over historical years, the Global Industrial Automation Market was majorly dominated by the Asia-Pacific region, as in 2023, the region held a market share of around 38% in the global industrial automation market.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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