Industrial Automation and Control Systems Market : is expected to reach US$ 294.12 Bn. by 2029 at a CAGR of 8.23% during the forecast period.
Industrial Automation and Control Systems Market Overview:
The competitive landscape of the Industrial Automation and Control Systems market includes information about competitors. Control systems and equipment, such as computer software and robots, are used in industrial automation to accomplish tasks that were formerly performed manually. These systems automate the operation of industrial equipment, minimizing the amount of operator interaction and oversight required.
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Market Scope: Process Automation: This involves the automation of manufacturing and industrial processes, such as material handling, assembly lines, and chemical processes. It includes the use of programmable logic controllers (PLCs), distributed control systems (DCS), and supervisory control and data acquisition (SCADA) systems.
Segmentation:
by Control System
• DCS
• PLC
• SCADA
• Others
Based on the control system: the industrial automation and control systems market is segmented into distributed control systems (DCS), programmable logic controllers (PLC), supervisory control and data acquisition (SCADA), and others. In terms of revenue, the DCS segment dominated the market for factory automation and industrial controls in 2022. A distributed control system (DSC) is an automated management solution for monitoring and controlling a variety of industrial activities. It's utilized for data collection, data visualization, process control, process supervision, and information reporting. It consists of a high-speed communication network and several local controllers for plant control. It also contributes to the reduction of component failure risks and the timely upgrade of obsolete technologies.
by Component Type
• HMI
• Industrial Robots
• Control Valves
• Sensors
• Others
Based on Component Type: in 2022, the control valves segment had the biggest market share and this is projected to continue throughout the projected period. Control valves have a large market share due to their widespread use in the oil and gas industry, which benefits they provide in terms of pressure and temperature control throughout downstream, middle, and upstream activities. Furthermore, the rising number of power production plants around the world, as well as the growing demand for energy and electricity in developing nations are likely to drive up demand for control valves in the power generating industry.
Key Players:
• ABB
• Emerson Electric Co.
• Honeywell International Inc.
• Kawasaki Heavy Industries, Ltd.
• Mitsubishi Electric Corporation
• OMRON Corporation
• Rockwell Automation, Inc.
• Schneider Electric
• Yokogawa Electric Corporation.
• General Electric Co.
• Dassault Systemes SE
• Siemens
• M+W Group
• Bosch Rexroth AG
• Parker Hannifin Corporation
• Other Key Players
Industrial Automation and Control Systems Market: Research Methodology
Industrial Automation and Control Systems Market: Executive Summary
Market Overview and Definitions
Introduction to Industrial Automation and Control Systems Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Industrial Automation and Control Systems Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Industrial Automation and Control Systems Market Segmentation
Industrial Automation and Control Systems Market, by control system (2021-2029)
Industrial Automation and Control Systems Market, by componant type (2021-2029)
Industrial Automation and Control Systems Market(2021-2029)
Industrial Automation and Control Systems Market, by control system (2021-2029)
Industrial Automation and Control Systems Market, by componant type (2021-2029)
Industrial Automation and Control Systems Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Analysis:
Individual market influencing components and changes in market rules that impact present and future market trends are also explored in the research's geographical component. Downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies are some of the elements utilized to anticipate market scenarios for various nations.
COVID-19 Impact Analysis on Industrial Automation and Control Systems Market: In addition, the paper evaluates the influence of COVID-19 on the Industrial Automation and Control Systems market. The primary goal of this research is to assist users in understanding the market in terms of definition, segmentation, market potential, important trends, and challenges that the industry faces across major regions. The study presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Industrial Automation and Control Systems Market. The analysis focuses on market share and size, clearly illustrating the impact of the pandemic on the global Industrial Automation and Control Systems Market in the next years.
Key Questions Answered in the Industrial Automation and Control Systems Market Report are:
What will be the Industrial Automation and Control Systems market's CAGR throughout the projected period (2022-2029)?
Which market category emerged as the market leader in the Industrial Automation and Control Systems industry?
Who are the key players in the Industrial Automation and Control Systems market?
What important trends in the Industrial Automation and Control Systems industry are anticipated to develop throughout the forecast period?
How big will the Industrial Automation and Control Systems market be in 2029?
In 2020, which business segment had the highest proportion of the Industrial Automation and Control Systems market?
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