Industrial Automation and Process Control Market Analysis and Global Forecast 2023-2033

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Industrial Automation and Process Control Market Research Report: By Solution (SCADA, PLC, DCS, Others), By Component (Industrial Robots, Machine Vision, Control Valves, Others), By Industry (Process Industries, Discrete Industries), and by Region — Forecast till 2033

Page: 164

Report Published on: October 24, 2024
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Description

Industrial Automation and Process Control Market Overview

The Industrial Automation and Process Control Market Size is expected to reach USD 315.62 Billion by 2033. The Industrial Automation and Process Control industry size accounted for USD 148.98 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 8.52% from 2023 to 2033. The Industrial Automation and Process Control Market involves the use of technology to automate and control industrial processes, enhancing efficiency, productivity, and safety. This market includes a range of solutions such as programmable logic controllers (PLCs), distributed control systems (DCS), supervisory control and data acquisition (SCADA) systems, and human-machine interfaces (HMIs). These systems are employed across various industries including manufacturing, oil and gas, chemicals, and automotive. The goal is to minimize human intervention, reduce operational costs, and improve precision and reliability in industrial operations.

Global Industrial Automation and Process Control Market Synopsis

Industrial Automation and Process Control MarketCOVID-19 Impact Analysis

The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Industrial Automation and Process Control market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.

Global Industrial Automation and Process Control Market Dynamics

The major factors that have impacted the growth of Industrial Automation and Process Control are as follows:

Drivers:

⮚      Technological Advancements

Innovations in automation technologies, such as the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), and advanced robotics, have significantly enhanced the capabilities and applications of industrial automation systems. These technologies enable smarter, more adaptable, and efficient automation solutions.

Restraint:

  • High Initial Investment

Implementing automation and process control systems requires significant upfront investment in hardware, software, and integration. This initial cost can be a barrier for smaller companies or industries operating on tight budgets.

Opportunity:

⮚      Rising Demand for Robotics and Automation

There is a growing demand for robotics and automation solutions across various industries, including manufacturing, logistics, and healthcare. Collaborative robots (cobots) and advanced automation technologies are increasingly being integrated into production processes to perform tasks alongside human workers, improving operational flexibility and scalability.

Industrial Automation and Process Control Market Segment Overview

By Solution

Industrial Automation and Process Control Market solution analysisBased on the Solution, the market is segmented based on SCADA, PLC, DCS, Others. In the Industrial Automation and Process Control Market, PLCs (Programmable Logic Controllers) dominate the solution segment. PLCs are widely used for controlling manufacturing processes and machinery in various industries due to their reliability, flexibility, and ability to interface with different sensors and actuators effectively.

By Component

Based on the Component, the market has been divided into Industrial Robots, Machine Vision, Control Valves, Others. In the Industrial Automation and Process Control Market, Industrial Robots dominate the component segment. They are crucial for automating manufacturing processes across industries, offering precision, efficiency, and flexibility in tasks ranging from assembly to material handling and quality control.

By Industry

Based on Industry, the market has been divided into Process Industries, Discrete Industries. In the Industrial Automation and Process Control Market, Process Industries dominate. These include sectors such as oil and gas, chemicals, pharmaceuticals, food and beverages, and utilities, where continuous and batch processing methods are prevalent, requiring sophisticated control systems for optimal production and safety.

Global Industrial Automation and Process Control Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Industrial Automation and Process Control, followed by those in Asia-Pacific and Europe.

Global Industrial Automation and Process Control Market Regional AnalysisIndustrial Automation and Process Control North America Market

North America dominates the Industrial Automation and Process Control market due to several factors. Due to the manufacturers’ superior production capabilities and effective trading procedures, North America leads the industrial automation industry. Because of the increasing level of competition and end-user demands, their business has become more efficient through the adoption of modern technology and digital transformation. The industrial automation market in this area is primarily driven by the United States.

Industrial Automation and Process Control Asia Pacific Market

The Asia-Pacific region has been witnessing remarkable growth in recent years. From 2023 to 2032, the Asia-Pacific Industrial Automation Market is anticipated to develop at the quickest compound annual growth rate (CAGR). This can be attributed to the existence of prominent industry participants, emerging enterprises in the area, and the growing need for enhanced industrial plant management systems. Furthermore, the Industrial Automation market in China commanded the most market share, while the Asia-Pacific region’s fastest-growing market was India.

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Emerson, Mitsubishi, SIEMENS, ABB, and Schneider Electric are some of the leading players in the global  Industrial Automation and Process Control Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

  • Emerson
  • Mitsubishi
  • SIEMENS
  • ABB
  • Schneider Electric
  • Rockwell
  • Yokogawa
  • Honeywell
  • FANUC

Key development:

February 2023- Capgemini and Schneider Electric have joined hands along with the support from Qualcomm to speed up 5G industrial automation. The end-to-end unique 5G Private Network solution created by the three businesses has the potential to revolutionize industrial automation systems thanks to cutting-edge virtual connection.

Scope of the Report

Global Industrial Automation and Process Control Market, by Solution
  • SCADA
  • PLC
  • DCS
  • Others
 Global Industrial Automation and Process Control Market, by Component
  • Industrial Robots
  • Machine Vision
  • Control Valves
  • Others
 Global Industrial Automation and Process Control Market, by Industry
  • Process Industries
  • Discrete Industries
 Global Industrial Automation and Process Control Market, by Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Benelux
    • Nordic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Indonesia
    • Austalia
    • Malaysia
    • India
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

 

Parameters Indicators
Market Size 2033: $315.62 Billion/strong>
CAGR 8.52% CAGR (2023-2033)
Base year 2022
Forecast Period 2023-2033
Historical Data 2021
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations Solution, Component, Industry
Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors Emerson, Mitsubishi, SIEMENS, ABB, Schneider Electric, Rockwell, Yokogawa, Honeywell, FANUC, STRATASYS
Key Market Opportunities • Rising development in the IoT and technological advancement in engineering
Key Market Drivers • Rising government policies and growing emphasis on economic diversification

 

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future Industrial Automation and Process Control Industry trends and opportunities
  • Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
  • Historical market size for the year 2021, and forecast from 2023 to 2033
  • Industrial Automation and Process Control market share analysis for each segment
  • Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
  • To identify and understand the various factors involved in the global Industrial Automation and Process Control market affected by the pandemic
  • To provide year-on-year growth from 2022 to 2033
  • To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
  • Provide Total Addressable Market (TAM) for the Global Industrial Automation and Process Control Market.

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Frequently Asked Questions (FAQ)

  • The global Industrial Automation and Process Control market is growing at a CAGR of ~52% over the next 10 years

  • Asia Pacific is expected to register the highest CAGR during 2023-2033

  • North America holds the largest share in 2022

Emerson, Mitsubishi, SIEMENS, ABB, Schneider Electric, Rockwell, Yokogawa, Honeywell, FANUC, STRATASYS

  • Yes, we offer 16 hours of analyst support to solve the queries

Yes, we do provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives

Table of Content

Table of Content

CHAPTER 1. Executive Summary
CHAPTER 2. Scope of the Study
2.1. Market Definition
2.2. Market Scope & Segmentation
2.2.1. Objective of Report
CHAPTER 3. Evolve BI Methodology
3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast
CHAPTER 4. Exclusive Analysis
4.1. Market Opportunity Score
4.1.1. Solution Segement – Market Opportunity Score
4.1.2. Component Segment – Market Opportunity Score
4.1.3. Industry Segment – Market Opportunity Score
4.2. Key Market Influencing Indicators
CHAPTER 5. Market Insights and Trends
5.1. Value Chain Analysis
5.1.1. Raw Material
5.1.2. Manufacturing Process
5.1.3. Distribution Channel
5.1.4. End User
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining Power of Buyers
5.2.2. Bargaining Power of Suppliers
5.2.3. Threat of New Entrant
5.2.4. Threat of Substitute
5.2.5. Industry Rivalry
5.3. COVID-19 Impact and Post COVID Scenario on Industrial Automation and Process Control Market
5.3.1. Impact of COVID-19
5.3.2. Government Support and Industry Revival Policies
5.3.3. Measures Taken by Companies to Mitigate Negative Impact
5.3.4. Post COVID Trend
CHAPTER 6. MArket Dynamics
6.1. Introduction
6.2. Drivers
6.2.1. Driver 1
6.2.2. Driver 2
6.2.3. Driver 3
6.3. Restraints
6.3.1. Restraint 1
6.3.2. Restraint 2
6.4. Opportunity
6.4.1. Opportunity 1
CHAPTER 7. Global Industrial Automation and Process Control Market, By Solution
7.1. Introduction
7.1.1. SCADA
7.1.2. PLC
7.1.3. DCS
7.1.4. Others
CHAPTER 8. Global Industrial Automation and Process Control Market, By Component
8.1. Introduction
8.1.1. Industrial Robots
8.1.2. Machine Vision
8.1.3. Control Valves
8.1.4. Others
CHAPTER 9. Global Industrial Automation and Process Control Market, By Industry
9.1. Introduction
9.1.1. Process Industries
9.1.2. Discrete Industries
CHAPTER 10. Global Industrial Automation and Process Control Market, By Region
10.1. Introduction
10.2. NORTH AMERICA
10.2.1. North America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
10.2.2. North America: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.2.3. North America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.2.4. North America: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.2.5. US
10.2.5.1. US: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.2.5.2. US: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.2.5.3. US: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.2.6. CANADA
10.2.6.1. Canada: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.2.6.2. Canada: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.2.6.3. Canada: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.2.7. MEXICO
10.2.7.1. Mexico: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.2.7.2. Mexico: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.2.7.3. Mexico: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.3. Europe
10.3.1. Europe: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
10.3.2. Europe: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.3.3. Europe: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.3.4. Europe: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.3.5. U.K.
10.3.5.1. U.K.: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.3.5.2. U.K.: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.3.5.3. U.K.: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.3.6. GERMANY
10.3.6.1. Germany: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.3.6.2. Germany: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.3.6.3. Germany: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.3.7. FRANCE
10.3.7.1. France: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.3.7.2. France: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.3.7.3. France: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.3.8. ITALY
10.3.8.1. Italy: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.3.8.2. Italy: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.3.8.3. Italy: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.3.9. SPAIN
10.3.9.1. Spain: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.3.9.2. Spain: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.3.9.3. Spain: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.3.10. BENELUX
10.3.10.1. BeNeLux: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.3.10.2. BeNeLux: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.3.10.3. BeNeLux: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.3.11. RUSSIA
10.3.11.1. Russia: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.3.11.2. Russia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.3.11.3. Russia: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.3.12. REST OF EUROPE
10.3.12.1. Rest of Europe: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.3.12.2. Rest of Europe: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.3.12.3. Rest of Europe: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.4. Asia Pacific
10.4.1. Asia Pacific: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
10.4.2. Asia Pacific: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.4.3. Asia Pacific: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.4.4. Asia Pacific: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.4.5. CHINA
10.4.5.1. China: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.4.5.2. China: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.4.5.3. China: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.4.6. JAPAN
10.4.6.1. Japan: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.4.6.2. Japan: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.4.6.3. Japan: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.4.7. INDIA
10.4.7.1. India: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.4.7.2. India: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.4.7.3. India: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.4.8. SOUTH KOREA
10.4.8.1. South Korea: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.4.8.2. South Korea: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.4.8.3. South Korea: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.4.9. THAILAND
10.4.9.1. Thailand: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.4.9.2. Thailand: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.4.9.3. Thailand: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.4.10. INDONESIA
10.4.10.1. Indonesia: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.4.10.2. Indonesia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.4.10.3. Indonesia: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.4.11. MALAYSIA
10.4.11.1. Malaysia: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.4.11.2. Malaysia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.4.11.3. Malaysia: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.4.12. AUSTRALIA
10.4.12.1. Australia: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.4.12.2. Australia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.4.12.3. Australia: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.4.13. REST FO ASIA PACIFIC
10.4.13.1. Rest fo Asia Pacific: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.4.13.2. Rest fo Asia Pacific: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.4.13.3. Rest fo Asia Pacific: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.5. South America
10.5.1. South America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
10.5.2. South America: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.5.3. South America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.5.4. South America: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.5.5. BRAZIL
10.5.5.1. Brazil: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.5.5.2. Brazil: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.5.5.3. Brazil: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.5.6. ARGENTINA
10.5.6.1. Argentina: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.5.6.2. Argentina: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.5.6.3. Argentina: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.5.7. REST OF SOUTH AMERICA
10.5.7.1. Rest of South America: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.5.7.2. Rest of South America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.5.7.3. Rest of South America: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.6. Middle East & Africa
10.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
10.6.2. Middle East & Africa: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.6.3. Middle East & Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.6.4. Middle East & Africa: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.6.5. SAUDI ARABIA
10.6.5.1. Saudi Arabia: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.6.5.2. Saudi Arabia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.6.5.3. Saudi Arabia: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.6.6. UAE
10.6.6.1. UAE: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.6.6.2. UAE: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.6.6.3. UAE: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.6.7. EGYPT
10.6.7.1. Egypt: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.6.7.2. Egypt: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.6.7.3. Egypt: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.6.8. SOUTH AFRICA
10.6.8.1. South Africa: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.6.8.2. South Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.6.8.3. South Africa: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
10.6.9. REST OF MIDDLE EAST & AFRICA
10.6.9.1. Rest of Middle East & Africa: Market Size and Forecast, By Solution, 2023 – 2033 ($ Million)
10.6.9.2. Rest of Middle East & Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
10.6.9.3. Rest of Middle East & Africa: Market Size and Forecast, By Industry, 2023 – 2033 ($ Million)
CHAPTER 12. Competitive Landscape
12.1. Competitior Benchmarking 2023
12.2. Market Share Analysis
12.3. Key Developments Analysis By Top 5 Companies
12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
CHAPTER 13. Company Profiles
13.1. Emerson
13.1.1. Business Overview
13.1.2. Financial Analysis
13.1.2.1. Business Segment Revenue, 2020, 2021, 2022, $ Million
13.1.2.2. Geographic Revenue Mix, 2022 (% Share)
13.1.3. Product Portfolio
13.1.4. Recent Development and Strategies Adopted
13.1.5. SWOT Analysis
13.2. Mitsubishi
13.3. SIEMENS
13.4. ABB
13.5. Schneider Electric
13.6. Rockwell
13.7. Yokogawa
13.8. Honeywell
13.9. FANUC
13.10. STRATASYS

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