Global Industrial Controls and Factory Automation Market Growth (Status and Outlook) 2023-2029

Global Industrial Controls and Factory Automation Market Growth (Status and Outlook) 2023-2029

Industrial controls and factory automation use set technologies and automatic control devices that results the automatic operation and control of industrial processes without significant human intervention and achieving superior performance than manual control. These automation devices include PLCs, PCs, PACs, etc. and technologies include various industrial communication systems. It facilitates to increase the product quality, reliability and production rate while reducing production and design cost by adopting new, innovative and integrated technologies and services.
LPI (LP Information)' newest research report, the “Industrial Controls and Factory Automation Industry Forecast” looks at past sales and reviews total world Industrial Controls and Factory Automation sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Controls and Factory Automation sales for 2023 through 2029. With Industrial Controls and Factory Automation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Controls and Factory Automation industry.
This Insight Report provides a comprehensive analysis of the global Industrial Controls and Factory Automation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Controls and Factory Automation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Controls and Factory Automation market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Controls and Factory Automation and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Controls and Factory Automation.
The global Industrial Controls and Factory Automation market size is projected to grow from US$ 134170 million in 2022 to US$ 222140 million in 2029; it is expected to grow at a CAGR of 7.5% from 2023 to 2029.
Globally, the industrial controls and factory automation industry market is relatively concentrated as the manufacturing technology of industrial controls and factory automation is relatively high. And some enterprises, like SIEMENS, Mitsubishi Electric and ABB, etc. are well-known for the wonderful performance of their industrial controls and factory automation and related services. The consumption volume of industrial controls and factory automation is related to downstream industries and global economy. Industrial controls and factory automation is widely used in many industries and general manufacturing industry has the largest market share of no more than 35%, which followed by automotive industry of market share of about 30%.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Controls and Factory Automation market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Control Systems
Measurement and Analytical Products
Switches and Safety Components
Industrial Robot
Others
Segmentation by application
Oil and Gas
Power Industry
Automotive
General Manufacturing
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens
Mitsubishi Electric
ABB
Emerson
Rockwell Automation
Schneider Electric
Keyence
Bosch Rexroth
Honeywell
Fanuc
Omron
Yokogawa Electric
Fuji Electric
KuKa
Inovance Group
General Electric

Please note: The report will take approximately 2 business days to prepare and deliver.