Global Industrial Automation and Control Systems Market Size study & Forecast, by Component (HMI, Industrial Robots, Control Valves, Sensors, Others), by Control System (DCS, PLC, SCADA, Others), by Vertical (Aerospace & Defense, Automotive, Chemical, Ene

Global Industrial Automation and Control Systems Market Size study & Forecast, by Component (HMI, Industrial Robots, Control Valves, Sensors, Others), by Control System (DCS, PLC, SCADA, Others), by Vertical (Aerospace & Defense, Automotive, Chemical, Energy & Utilities, Food & Beverage, Healthcare, Manufacturing, Mining & Metal, Oil & Gas, Transportation, Others) and Regional Analysis, 2022-2029

Global Industrial Automation and Control Systems Market is valued at approximately USD 165.46 million in 2021 and is anticipated to grow with a healthy growth rate of more than 9.00% over the forecast period 2022-2029. The global Industrial Automation and Control Systems market are being driven by the rising demand for mass/bulk production in the manufacturing sector, increasing adoption of industrial robots for automation of production and favourable government initiatives towards industrial automation. Furthermore, the numerous benefits for the market growth owing to the rapid industrial shift towards Industry, as well as the use of Industrial Automation and Control Systems for use in newer Automotive Production, will provide new opportunities for the global Industrial Automation and Control Systems industry.

According to Statista, the worldwide installations of industrial robots for automation has increased from 400,000 units to 4,22,000 units in the year 2018. However, high deployment costs of the automation system due to the complex nature of the systems may impede market growth over the forecast period of 2022 -2029.

The key regions considered for the Global Industrial Automation and Control Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The Asia Pacific is the leading region across the world in terms of market share due to the growing population and enhanced standards of living have stimulated product demand in the region. Whereas, North America is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2022-2029, due to the shifting consumer inclination for organic fabric and cotton in textile verticals in the region.

Major market player included in this report are:
ABB
Emerson Electric Co.
Honeywell International Inc.
Kawasaki Heavy Industries, Ltd.
Mitsubishi Electric Corporation
OMRON Corporation
Rockwell Automation, Inc.
Schneider Electric
Siemens
Yokogawa Electric Corporation

Recent Developments in the Market:
 In August 2022, Honeywell launched an Industrial Automation Lab in collaboration with the Department of Automation and Computer Science at the University Politehnica of Bucharest to assist students in acquiring the technical skills and knowledge necessary to enter, compete in, and succeed in the international industrial automation sector.

Global Industrial Automation and Control Systems Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Control System, Vertical, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
HMI
Industrial Robots
Control Valves
Sensors
Others

By Control System:
DCS
PLC
SCADA
Others

By Vertical:
Aerospace & Defense
Automotive
Chemical
Energy & Utilities
Food & Beverage
Healthcare
Manufacturing
Mining & Metal
Oil & Gas
Transportation
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

ABB
Emerson Electric Co.
Honeywell International Inc.
Kawasaki Heavy Industries, Ltd.
Mitsubishi Electric Corporation
OMRON Corporation
Rockwell Automation, Inc.
Schneider Electric
Siemens
Yokogawa Electric Corporation

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