Automation and Controls

Automation and Controls

Global Automation and Controls Market to Reach US$799.5 Billion by 2030

The global market for Automation and Controls estimated at US$433.8 Billion in the year 2023, is expected to reach US$799.5 Billion by 2030, growing at a CAGR of 9.1% over the analysis period 2023-2030. SCADA Technology, one of the segments analyzed in the report, is expected to record a 10.9% CAGR and reach US$210.3 Billion by the end of the analysis period. Growth in the DCS Technology segment is estimated at 9.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$118.2 Billion While China is Forecast to Grow at 12.8% CAGR

The Automation and Controls market in the U.S. is estimated at US$118.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$169.7 Billion by the year 2030 trailing a CAGR of 12.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.6% and 7.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR.

Global Automation and Controls Market - Key Trends and Drivers Summarized

Automation and controls encompass a wide range of technologies and systems designed to operate machinery, processes, and systems with minimal or no human intervention. These systems are integral to modern industrial operations, enabling greater efficiency, precision, and reliability in manufacturing, energy management, and other critical sectors. Key components of automation and control systems include programmable logic controllers (PLCs), distributed control systems (DCS), human-machine interfaces (HMIs), and various sensors and actuators. These elements work together to monitor and control industrial processes, ensuring optimal performance and adherence to stringent quality standards. By leveraging advanced algorithms and real-time data, automation and control systems can make dynamic adjustments to processes, reducing downtime and increasing productivity.

Technological advancements have dramatically transformed the landscape of automation and controls in recent years. The integration of the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) has enhanced the capabilities of these systems, enabling predictive maintenance, adaptive control, and advanced data analytics. IoT devices and sensors provide continuous monitoring and data collection, feeding into AI and ML models that predict equipment failures and optimize operational parameters. This not only improves efficiency but also extends the lifespan of machinery and reduces maintenance costs. Furthermore, the advent of cloud computing and edge computing has facilitated real-time data processing and remote monitoring, offering greater flexibility and scalability for industrial operations. These technological innovations are paving the way for smarter, more interconnected industrial environments, often referred to as Industry 4.0.

The growth in the automation and controls market is driven by several factors. Firstly, the increasing demand for high efficiency and productivity in manufacturing and other industrial sectors is propelling the adoption of advanced automation systems. Secondly, the need to reduce operational costs and improve energy efficiency is encouraging companies to invest in modern control systems. Thirdly, the rise of Industry 4.0 and the push towards digital transformation are driving the integration of IoT, AI, and big data analytics into automation and control systems. Additionally, the growing emphasis on safety and regulatory compliance in industries such as oil and gas, pharmaceuticals, and food and beverage is fostering the deployment of sophisticated control systems. The expansion of smart factories and the adoption of robotics and automation in logistics and supply chain management are also contributing to market growth. Finally, government initiatives and incentives aimed at boosting industrial automation and smart manufacturing are further accelerating the development and implementation of automation and control technologies.

Select Competitors (Total 86 Featured) -

• ABB Ltd.
• Bosch Rexroth AG
• Emerson Electric Co.
• FANUC Corporation
• GE Vernova
• Honeywell International, Inc.
• John Wood Group PLC
• Johnson Controls International PLC
• Kawasaki Heavy Industries, Ltd.
• KUKA AG
• Omron Corporation
• Rockwell Automation, Inc.
• Schneider Electric SE
• Siemens AG
• TE Connectivity Ltd.;

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.