Global Industry Controls and Factory Automation Market Data Analysis By Component (Industrial Robots, Collaborative Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface (HMI), Industrial PC, Sensors and Industrial

Global Industry Controls and Factory Automation Market Research Report Data By Component (Industrial Robots, Collaborative Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface (HMI), Industrial PC, Sensors and Industrial 3D Printing), By Solution (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Plant Asset Management (PAM), Functional Safety, Product Lifecycle Management (PLM) and Manufacturing Execution System (MES)), By Industry - Forecast to 2030

In 2022, the market for industrial control and factory automation was estimated to be worth USD 198.03 billion. The industry control and factory automation market is expected to increase from USD 219.04 billion in 2023 to USD 419.07 billion by 2030, with a compound yearly growth rate (CAGR) of 9.82% during the forecast period (2023- 2030).

Artificial intelligence and other technologies are becoming more common in these automation systems. With artificial intelligence, computer systems may use massive amounts of data to mimic human intelligence and reasoning, allowing manufacturing automation systems to learn, forecast, and recommend next steps. It offers solutions that ensure operations are efficient, safe, and accurate. Increased usage of industrial robots in the manufacturing industry can help a company remain competitive over time. The increasing use of industrial robots in the production sector is driving the global industrial control and factory automation industries.

Industrial automation is being used in a variety of industries, including automotive, chemicals, and energy utilities. Many major industries rely on control systems, including electric power, oil and gas, water and wastewater treatment, manufacturing, agriculture, transportation, and chemical plants. This system includes control systems such as supervisory control and data acquisition (SCADA), distributed control systems (DCS), programmable logic controllers (PLC), remote terminal units (RTUs), intelligent electronic devices (IEDs), and other field devices. New technologies are being employed in a wide range of industries to increase efficiency and convenience for both businesses and consumers.

Market Segment Insights
The industry control and factory automation market are divided into the following components: Industrial Robots, Collaborative Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human-Machine Interface (HMI), Industrial PC, Sensors, and Industrial 3D Printing.
The industry control and factory automation market are divided into six solutions: Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Plant Asset Management (PAM), Functional Safety, Product Lifecycle Management (PLM), and Manufacturing Execution System (MES).
The Industry Control and Factory Automation Market is divided into two segments: Process Industry and Discrete Industry.

Regional Insights
Asia Pacific had the largest market share of 36.88% in 2022. As the developing sector, which is the primary end user of contemporary control and factory automation, continues to grow at a rapid pace, APAC has been a vital backer of the market's growth. China is expected to have a significant offer in Asia-Pacific. China has led the modern robot market, preparing for factory automation in the region and establishing itself as one of the world's major assembly countries. Factory automation on a large scale is now possible thanks to an increase in the introduction of sophisticated robots into the country and the widespread use of various modern control framework software.
North America will see significant growth soon because of the maker's high-level production capabilities and proficient exchanging practices. The United States, Mexico, and Canada make up North America. This location's prosperity stems from its well linked markets. In terms of income, the market continues to grow. Because of its diverse modern market, the United States dominates the North American economy.

Major Players
The prominent players in the industry control and factory automation Market are Yokogawa Electric Corporation, Omron Corporation, Endress+Hauser, Fanuc Corporation, WIKA, Mitsubishi Electric Corporation, Eaton Corporation, Danfoss, Rockwell Automation, Yaskawa Electric Corporation, Toshiba Corporation, Honeywell International Inc., Dwyer, Stratasys, Hitachi, HP. 3D Systems, ABB, Schneider Electric, Siemens, General Electric, and Emerson Electric Co.