Global Industrial Automation and Control Systems Market Report 2022: A $450 Billion Market by 2028 - Size, Segments, Outlook, and Revenue Forecasts 2017-2028 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Industrial Automation and Control Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 By Component, Control System, Industry, Region" report has been added to ResearchAndMarkets.com's offering.

Global Industrial Automation and Control Systems Market was valued at ~US$ 150 billion in 2017. The market is anticipated to grow significantly throughout the projected period as a result of the growing adoption of process automation across numerous industries, including automotive, energy utilities, and chemicals.

It is estimated to be ~US$ 250 billion in 2022 and is expected to reach a market size of ~US$ 450 billion by 2028 growing at a CAGR of ~11% during 2022-2028.

Many industries like manufacturing, oil and gas, chemicals and materials, pharmaceuticals, and materials and chemicals implement automation systems and prefer to use tried-and-true standards and technology to ensure reliable, secure, and consistent operations, which is driving the market for industrial automation to grow quickly.

Industrial automation acts as a catalyst for greater dependability and efficiency that raises the return on investment (ROI). Industrial automation decreases production costs while raising output rate and quality through the use of cutting-edge, integrated technology.

As automation involves installing hardware like highly precise robots, sensory-perceptive machines, and wheels that support mobility, it necessitates a substantial financial investment, which results in very high upfront costs.

In 2020, the manufacturing and industrial sectors have been greatly disrupted by the COVID-19 pandemic. COVID-19 has, however, considerably accelerated the growth of industrial automation across the manufacturing sector as a result of the increased adoption of industry 4.0 over the past few years.

Competitive Landscape

The Global Industrial Automation and Control Systems Market are highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Industrial Automation and Control Systems.

Large global players constitute ~20% of competitors, while regional players represent the second largest number of competitors. Some of the major players in the market include Schneider Electric, Rockwell Automation, Inc., Honeywell International Inc. Emerson Electric co., ABB, Mitsubishi Electric Corporation, Siemens, Omron Corporation, Yokogawa Electric Corporation, General Electric Co., and others.

Recent Developments Related to Major Players

In 2021, ABB and ETH partnered to enhance robotics research, a new partnership and a US$ 2.5 million gift will help Switzerland become one of the top robotics research centers in the world.

In 2020, Rockwell Automation, Inc. acquired ASEM, S.p.A., and a renowned Italian supplier of digital automation solutions. The Control & Visualization hardware and software portfolio will be further improved by this acquisition within the Architecture & Software business area.

Conclusion

Increasing adoption of process automation solutions across numerous sectors, including the automotive, chemical, and energy utilities, the market is predicted to have significant growth throughout the forecast period.

The Asia Pacific is the dominating region, as China and Japan are among the top producers and consumers of industrial robots, sensors, and machine vision systems in Asia.

Key Topics Covered in the Report

• Snapshot of Industrial Automation and Control Systems Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Industrial Automation and Control Systems Market
• Historic Growth of the Overall Industrial Automation and Control Systems Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter's 5 Forces Analysis of the Industrial Automation and Control Systems Market Industry
• Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Industrial Automation and Control Systems Market
• Future Market Forecast and Growth Rates of the Total Industrial Automation and Control Systems Market and by Segments
• Market Size of Application/End User Segments with Historical CAGR and Future Forecasts
• Analysis of the Industrial Automation and Control Systems Market in Global Regions
• Major Production/Supply and Consumption/Demand Hubs in the Region
• Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within the Region

Key Players

• Key Players
• Schneider Electric
• Rockwell Automation, Inc.
• Honeywell International Inc.
• Emerson Electric co.
• ABB
• Mitsubishi Electric Corporation
• Siemens
• Omron Corporation
• Yokogawa Electric Corporation
• General Electric Co.
• CDP Technologies AS
• ControlX Inc.
• future robotics and automation
• Renovus Vision Automation
• AInnovation

Scope of the Report

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

By Component

• Human-Machine Interface (HMI) Component
• Industrial Robots
• Control Valves
• Sensors
• Others

By Control System

• DCS
• PLC
• SCADA
• Others

By End-user Industry

• Aerospace & Defense
• Automotive
• Chemical
• Energy & Utilities
• Food & Beverage
• Healthcare
• Manufacturing
• Mining & Metal
• Oil & Gas
• Transportation
• Others

For more information about this report visit https://www.researchandmarkets.com/r/kwr2u5

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