Global Industrial Controls and Factory Automation Market 2022 - Industry Briefing

Global Industrial Controls and Factory Automation Market 2022 - Industry Briefing

The global industrial controls and factory automation market is expected to increase by USD 97.1 billion, at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2028, according to the latest edition of the Global Industrial Controls and Factory Automation Market Report.

This industry report offers market estimates of the global market, followed by a detailed analysis of the product, end user, and region. The global market data on industrial controls and factory automation can be segmented by product: field devices, industrial control systems. The industrial control systems segment held the largest share of the global industrial controls and factory automation market in 2021 and is anticipated to hold its share during the forecast period. Industrial controls and factory automation market is further segmented by end user: automotive and transportation, chemicals and petrochemicals, food and beverages, oil and gas, pharmaceuticals, energy, utilities and mining, others. Globally, the energy, utilities and mining segment made up the largest share of the industrial controls and factory automation market. Based on region, the industrial controls and factory automation market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America was the largest contributor to the global industrial controls and factory automation market in 2021.

The industrial control systems market is further segmented into distributed control system (DCS), enterprise resource planning (ERP), human machine interface (HMI), manufacturing execution system (MES), product lifecycle management (PLM), programmable logic controller (PLC), supervisory control and data acquisition (SCADA), others. Furthermore, the field devices market has been categorized into industrial robotics, machine vision systems, motors and drives, sensors and transmitters, others.

The global industrial controls and factory automation market is highly competitive. The key players in the industrial controls and factory automation market include ABB Ltd., Danfoss A/S, Emerson Electric Company, Endress+Hauser AG, FANUC Corporation, Fuji Electric Co. Ltd., General Electric Company, Hitachi Ltd., Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Texas Instruments Inc., Yokogawa Electric Corporation.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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