Industrial Automation Market Shares, Strategies, and Forecasts Analysis Forecasts 2021-2028
Industrial Automation Market
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.
ABB Ltd, Emerson Electric, OMRON, Rockwell, and FANUC are prominent players operating in the industrial automation market. In addition to these players, there are several other important players operating in the industrial automation market, such as B&R Industrial Automation GmbH; HITACHI LTD.; Industrial, Automation (M) SDN BHD.; Koyo Electronics Industries Co., LTD.; and Mitsubishi Electric Corporation, which were analyzed during this industrial automation market research study.
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NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
COVID-19 Impact Analysis -
Europe homes various manufacturing industries, including several industrial automation solution manufacturers. The emergence of the COVID-19 virus has impacted the revenue stream and operations of businesses of European automated solution manufacturers. For instance, the outbreak of COVID-19 significantly affected the operations of ABB Ltd, which led to an increase in the backlog of orders in 2020. Meanwhile, the demand from automotive end users was at the lower side in 2020. This negatively impacted the industrial automation market in 2020. However, owing to the ongoing skilled labor shortage, nonautomotive end users—such as electronics and metal & machinery—have showcased a positive trend in the adoption of automation solutions such as robots and sensors from Q1 of 2021, which positively influenced the growth of the industrial automation market from 2021.
Industrial Automation Market Regional and Country-wise Analysis:
North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)
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The purposes of this analysis are:
1. To characterize, portray, and check the Industrial Automation market based on product type, application, and region.
2. To estimate and inspect the size of the Industrial Automation market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.
3. To estimate and inspect the Industrial Automation markets at country-level in every region.
4. To strategically investigate every sub-market about personal development trends and its contribution to the Industrial Automation market.
5. To look at possibilities in the Industrial Automation market for shareholder by recognizing excessive-growth segments of the market.
Our report offers:
Market share assessments for the regional and country-level segments.
Inventory network patterns planning the most recent innovative progressions.
Key suggestions for the new participants.
Piece of the pie examination of the top business players.
Market conjectures for at least 9 years of the relative multitude of referenced fragments, sub-portions, and the local business sectors.
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and suggestions).
Organization profiling with point by point techniques, financials, and ongoing turns of events.
Serious arranging planning the key regular patterns.
Key suggestions in key business portions dependent on market assessments.
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