Industrial Automation Market was valued at USD 156.68 Billion in 2023, and it is expected to reach USD 277.35 Billion by 2030, exhibiting a CAGR of  8.5% during the forecast period (2024-2030)

Industrial Automation Market Overview:

The study "Industrial Automation Market" aims to give cutting-edge market knowledge and assist decision-makers in making informed investment decisions. It also provides a detailed analysis of the global Industrial Automation Market by Product Type, End Users/Application, Key Manufacturers, and Several Key Regions.

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Market Scope:

The study focuses on the report's growth possibilities, restrictions, and market analysis. The study uses Porter's five forces analysis of the Industrial Automation industry to evaluate the influence of different factors such as supplier bargaining power, competitors, and competitive intensity

Drivers:

The Industrial Automation market drivers analysis identifies significant variables that influence Industrial Automation market dynamics and shape future trends. Economic stability, technical developments, and changing customer tastes are all important factors influencing demand patterns and competitive strategies. Regulatory changes and globalization emphasize the importance of adaptive Industrial Automation market tactics. Understanding these dynamics provides stakeholders with valuable insights into navigating changing landscapes and capitalizing on emerging possibilities.

Segmentation:

 by Components

Industrial Robots
Machine Vision System
Process Analyzer
Field Instruments
Human Machine Interface (HMI)
Industrial PC
Industrial Sensors
Industrial 3D Printing
Vibration Monitoring

by Solutions

Supervisory Control And Data Acquisition (SCADA)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Manufacturing Execution System (MES)
Industrial Safety
Plant Asset Management (PAM)

by Industry

Oil & Gas
Chemicals
Food & Beverages
Energy & Power
Automotive
Machine Manufacturing
Water & Wastewater Treatment
Electronics & Semiconductors
Metals & Mining
Others

Key Players:

The research offers a competitive landscape based on a thorough examination of the important strategic advancements implemented by the top market participants in the Industrial Automation sector throughout time. The main players in the worldwide Industrial Automation market are as follows:

 1. FANUC (Japan)
2. Yaskawa Electric Corporation (Japan)
3. Toshiba Corporation (Japan)
4. Yokogawa Electric Corporation (Japan)
5. Fuji Electric Co., Ltd. (Japan)
6. Hitachi, Ltd. (Japan)
7. Omron Corporation (Japan)
8. Mitsubishi Electric Corporation (Japan)
9. Keyence Corporation (Japan)
10. Accurate Industrial Controls Pvt. Ltd. (India)
11. Honeywell International Inc (US)
12. Emerson Electric Co. (US)
13. General Electric Company (US)
14. Rockwell Automation, Inc (US)
15. Danaher Corporation (US)
16. NATIONAL INSTRUMENTS CORP (US)
17. Roper Technologies, Inc (US)
18. Voith GmbH (Germany)
19. Siemens AG (Germany)
20. Kuka AG (Germany)
21. Bosch Rexroth Corporation (Germany)
22. Phoenix Contact (Germany)
23. MARCO Limited (UK)
24. Schneider Electric SE (France)
25. Endress+Hauser (Switzerland)
26. ABB Ltd. (Switzerland)
27. Danfoss A/S (Denmark)
28. Tegan Innovations (Ireland)

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Regional Analysis:

The report has assessed the global Industrial Automation market in the following regions:

• America, North (the United States, Canada)
• European Union (Germany, France, United Kingdom, Russia)
• Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
• Latin America (Brazil, Argentina, Colombia)
• Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)

The study includes in-depth insights into multiple development possibilities and difficulties in the aforementioned regions, depending on various types of commodities, applications, end-users, and nations, among others. The study also contains essential aspects of the global Industrial Automation market, such as sales growth, product pricing and analysis, growth potential, and recommendations for addressing market difficulties in the provided areas

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COVID-19 Impact Analysis on Industrial Automation Market:

The worldwide effects of the coronavirus outbreak are already being seen and will have a considerable influence on the Industrial Automation market. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; a state of emergency declared in over thirty countries; a massive slowdown of the supply chain; stock market; falling businesses, growing panic among the people, and uncertainty about the future.

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Key Questions Answered in the Industrial Automation Market Report are:

• How is the competitive scenario of the Industrial Automation market?
• Which are the key factors affecting the Industrial Automation market growth?
• Which region holds the maximum share in the Industrial Automation market?
• What will be the CAGR of the Industrial Automation market during the forecast period (2021-2027)?

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