Global Machine Automation Controller Market Size, Trends & Growth Opportunity, By Controller Type (Distributed Control System, Industrial PC, and Programmable Logic Controller), By Form Factor (IP20, IP65, and Others), By Industry (Energy & Power, Oil & Gas, Chemical, Food & Beverages, Metal & Mining, Aerospace & Defense, Automotive, Medical Devices, Semiconductor & Electronics, and Others), By Region and Forecast till 2027.
Global Machine Automation Controller Market
The global Machine Automation Controller market was valued at USD 38.7 billion in 2021 and it is expected to reach at USD 49.02 billion in 2027 at a CAGR of 4.7% during forecast period 2022-2027.
Machine automation controllers are used to control the automation processes with the help of graphical user interface in the manufacturing industry. Temperature control and machine control are the main applications of machine automation controller. It offers high processing speeds, reliability, maintainability, and safety which required for industrial automation.
Market Drivers
Increasing in focus on reducing overall operational cost is the key driving factor which is expected to boost the global machine automation controller market growth. Furthermore, rise in need to drive productivity in process industry will positively contribute the market growth. Moreover, increase in adoption of artificial intelligence (AI) and machine learning in manufacturing sector which is expected to propel the growth of global machine automation controller market. In addition to that, continuous developments in manufacturing and construction industry across developing nations such as India, Brazil, and China will fuel the market growth.
Market Restraints
However, a high initial capital investment for small and medium enterprises is the major challenging factor which is expected to hinder the global machine automation controller market growth. Also, difficulty in finding system failure results in increased downtime will affect the market growth.
Covid -19 Impact
With the outbreak of covid-19 the market impacted adversely due to several restriction and
lockdown imposed by government, supply chain and production disrupted. Lower production has reduced investment in increasing production capabilities and adopting new technologies like automation and distributed control systems. Increasing remote capabilities during and post pandemic increases the demand for automation controllers.
Recent development
Emerson opened a new facility and first industrial solutions' center in Jukjeon, South Korea. The new facility features an advanced system staging, training, and servicing capabilities. In 2018, Siemens signed a contract with Bio-on (Italy), a high-quality bioplastic sector enhances automation B&R Automation, a subsidiary of ABB launched Automation PC 2200. The new PC is the company's latest offering in its successful 2000 series of compact industrial PCs. The maintenance-free PC is available with dual or quad-core processors and can run on both Windows 10 loT Enterprise and Linux operating system.
Market Segmentation
Global Machine Automation Controller Market is segmented into controller type such as Distributed Control System, Industrial PC, and Programmable Logic Controller, by Form Factor such as IP20, IP65, and Others. Further, market is segmented into industry such as Energy & Power, Oil & Gas, Chemical, Food & Beverages, Metal & Mining, Aerospace & Defense, Automotive, Medical Devices, Semiconductor & Electronics, and Others.
Also, Global Machine Automation Controller Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as ABB Limited, Emerson, Siemens AG, Schneider Electric, Yokogawa, Advantech, Delta Electronics, Honeywell International, Mitsubishi Electric, and Omron etc.
Market Taxonomy
By Controller Type
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