Industrial Automation Market Overview and Regional Outlook Study Forecasts 2021 to 2028
The industrial automation market was valued at US$ 140.39 billion in 2021 to reach US$ 233.94 billion by 2028; it is estimated to grow at a CAGR of 7.6% from 2021 to 2028.
According to our latest market study on “Industrial Automation Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, System Type, and End Users,” the market is expected to reach US$ 233.94 billion by 2028, registering a CAGR of 7.6% from 2021 to 2028.
Industrial automation uses control systems such as robots, computers, and information technologies to handle various machinery in an industry to replace human intervention. The industrial automation systems are classified into process plant automation and manufacturing automation depending on the operations involved. Industrial automation offers high product quality, reliability, and production rate while reducing production and design costs by deploying new, innovative, and integrated technologies and services. They possess various features, such as high productivity, quality, flexibility, and information accuracy, which is likely to increase the uptake of automation in the industrial sector during the forecast period. Also, the surge in the uptake of automation solutions in the oil & gas, manufacturing, chemicals & materials, pharmaceuticals, and other industries, is driving the industrial automation market.
The List of Companies - Industrial Automation Market
- ABB LTD.
- B&R Industrial Automation GmbH
- HITACHI LTD
- Industrial Automation (M) SDN BHD
- Koyo Electronics Industries Co., LTD
- Mitsubishi Electric Corporation
- Omron Corporation
- Rockwell Automation
- Yokogawa Electric Corporation
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(Our SAMPLE COPY of the report offers a quick advent to the Study report outlook, TOC, a listing of tables and figures, Analysis on Competitors of the market, and comprising key regions, also include COVID-19 impact Analysis)
Impact of COVID-19:
The COVID-19 pandemic continues to negatively influence the overall consumer electronics industry owing to considerable disruption in the industry supply chain activities coupled with the several countries sealing off their international trade in wake of the pandemic. Further, as the developed economies in Europe and Asia have virtually closed their international borders with neighboring countries, it has contributed significantly in their import and export activities impacting numerous industries. As result, several countries have witnessed varying impact of COVID-19 in their demand for overall consumer electronics industry including Industrial Automation based on the composition of market players and reliability on regional import of goods. For instance, regions such as MEA and SAM witnessed a notable decline in availability of products owing to heavy reliance on imported Industrial Automations from the Europe and APAC regions. Whereas, countries such as Europe, APAC, and North America witnessed moderate to little impact owing notable presence of local manufacturers which continued to provide for the regional demand for Industrial Automation. Hence, the market is expected to witness moderate decline in demand as the countries begin to resume their economic activities upon instruction from respective government.
Advantage of requesting Sample PDF Report Before purchase to know about:
- To part the breakdown information by districts, type, makers, and applications.
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- To distinguish huge patterns, drivers, impact factors in worldwide and locales.
- To introduce the key Industrial Automation makers, creation, income, piece of the pie, and ongoing turn of events.
- To investigate serious advancements, for example, extensions, arrangements, new item dispatches, and acquisitions on the lookout.
- To investigate the worldwide and key districts market potential and preferred position, opportunity, and challenge, limitations, and dangers.
Our Research Analyses Some Key Points for your Research Study:- Market Research Report, Industry Business Outlook, Revenue, Trends, Industry Business Outlook, Revenue, Comprehensive Analysis, Development Strategy, Future Plans and Industry Growth, Potential growth, attractive valuation, increasing demand with Industry Professionals, innovations, CAPEX cycle and the dynamic structure, increasing demand, gross profits, operating income, COGS, EBITDA, sales volume, product offerings, company landscape analysis, key strategic moves, key recent developments, and technological roadmap
Major Product Type of Industrial Automation Market Research report:
- Supervisory Control
- Data Acquisition
- Distributed Control System
- Programmable Logic Control
End-use Industrial Automation Market Research Report:
- Oil & Gas
- Food & Beverage
- Chemical & Materials
- Aerospace & Defense
- and Others
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Key Industry Insights
This Market report is a wide audit that incorporates an itemized review of the Industrial Automation business. The report clarifies kind of Industrial Automation and application in various verticals of the market with respect to different nations and key areas. The examination has recorded and assessed all the central members in the worldwide Industrial Automation market and analyzed them based on various measurements, for example, yearly deals shipments volume, verifiable development rates, market income, and promoting techniques. Based on every one of these discoveries, the worldwide Industrial Automation industry study report proposes key intends to improve market positions for existing business sector members.
This Study Report Offers Following Objectives:
- Conjecture and examination of the worldwide Industrial Automation market deals, share, worth, status and figure 2028.
- Break down the local just as nation level portions, share development for Global Industrial Automation Market.
- Investigation of Global Industrial Automation industry-driving makers/players.
- Characterize and investigate the market rivalry scene, SWOT examination.
- Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.
- Examination of the Industrial Automation market by Type, by Application/end clients and district insightful.
- Estimate and investigation of the Global Industrial Automation Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.
- Investigate the critical driving elements, patterns which confine market development.
- Portray the partner's chances in the market by recognizing the high development fragments.
Top Points Covered in the Global Industrial Automation Market:
- Industry Overview of Global Industrial Automation Market;
- Classification, Specifications and Definition of Industrial Automation Market Segment by Regions;
- Process and Structure
- Research Findings/Conclusion, Industrial Automation deals channel, traders, distributors, dealer’s analysis;
- Complete Market Research, Capacity, Sales and Sales Price Analysis with Company Segment;
- Analysis of Regional Market that contains the United States, Europe, India, China, Japan, Korea & Taiwan;
- Industrial Automation Market Analysis by Major Players, The Industrial Automation Segment Market Analysis (by Type) and (by Application);
- Regional Market Trend Analysis, Market Trend by Product Type and by Application:
- Supply Chain Analysis, Regional Marketing Type Analysis, Global Trade Type Analysis;
- The Global Industrial Automation industry consumers Analysis;
- Appendix and data source of Industrial Automation market.
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