APAC Industrial Automation Market - Industry Trends and Forecast to 2032
Asia-Pacific industrial automation market is expected to reach USD 168.54 billion by 2031 from USD 84.96 billion in 2023, growing with a CAGR of 9.1% in the forecast period of 2024 to 2031.
Market Segmentation: Asia-Pacific Industrial Automation Market, By Components (Sensors, Industrial Robots, Industrial PC, Machine Vision, Industrial 3D Printing, Human-Machine Interface (HMI), Field Instruments, Control Valves, and Others), Mode of Automation (Semi-Automation and Fully-Automation), Systems (PID, Model Based Control, and Others), Solution (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Enterprise Level Controls, Programmable Automation Control (PAC), Plant Asset Management (PAM), Digitalization, Functional Safety, Emission Control), Type (Programmable Automation, Fixed or Hard Automation, Integrated Automation, and Flexible or Soft Automation), End User (Process Industries and Discrete Industries), Countries (China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, New Zealand, Taiwan, Vietnam, Rest of Asia-Pacific) - Industry Trends and Forecast to 2031
Overview of Asia-Pacific Industrial automation Market Dynamics:
Driver
• Increasing adoption of industry 4.0
Restraint
• High cost associated with implementation and maintenance of industrial automation
Opportunity
• Rising government initiatives to promote industrial automation
Market Players:
The key market players operating in the Asia-Pacific industrial automation market are listed below:
• Siemens
• Analog Devices, Inc.
• Schneider Electric
• General Electric Company
• Mitsubishi Electric Corporation
• FANUC America Corporation
• Honeywell International Inc.
• AMETEK.Inc.
• ABB
• KEYENCE CORPORATION
• Hitachi Vantara LLC
• Rockwell Automation
• Emerson Electric Co
• Yokogawa Electric Corporation
• Delta Electronics, Inc.
• Fuji Electric Co., Ltd.
• Endress+Hauser Group Services AG
• Bosch Rexroth Corporation
• Concept Systems
• MachineMetrics
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