Exploring the Industrial Automation Market: Insights, Drivers, and Key Players

Market Introduction

The Industrial Automation market has emerged as a crucial sector in the global economy, influencing various industries and consumer behaviors. As technological advancements and innovative solutions continue to shape this market, understanding its dynamics becomes essential for stakeholders, investors, and businesses.

Market Insights

In recent years, the Industrial Automation market has witnessed significant growth due to several factors. The market's expansion can be attributed to increased demand for efficient solutions, technological innovations, and the rising awareness of sustainable practices. The Global Industrial Automation Market size was valued at around USD 162 billion in 2023 and is expected to register a CAGR of around 10.8% during the forecast period, i.e., 2024-30.

Request Free Sample Report: https://www.marknteladvisors.com/query/request-sample/global-industrial-automation-market.html

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.

Market Segmentation

The Industrial Automation market can be segmented based on several criteria, including:

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

-  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)

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)

Geography:

The market is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa, each with unique market dynamics and growth opportunities.

By Region

-North America

-South America

-Europe

-The Middle East Africa

-Asia-Pacific

Read Full Report: https://www.marknteladvisors.com/research-library/global-industrial-automation-market.html

Key Players

Several key players dominate the Industrial Automation market, contributing to its growth and innovation. Some of the prominent companies in the market include:

• 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
• Others

Conclusion

The Industrial Automation market is set to experience substantial growth in the coming years, driven by technological advancements, rising consumer demand, sustainability initiatives, and government support. Understanding the market's key drivers, segmentations, and key players is crucial for businesses and investors looking to capitalize on the opportunities in this dynamic market. As the Industrial Automation market continues to evolve, staying informed and adaptable will be key to success in this rapidly changing landscape.

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Request Customization - https://www.marknteladvisors.com/query/request-customization/global-industrial-automation-market.html

About Us

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

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 14.8 diverse industrial verticals.

Contact Us –

Call: ? +1 628 895 8081 +91 120 4278433

Email: ? [email protected]

Visit to know more: ? https://www.marknteladvisors.com/