Industrial Control & Factory Automation Trends and Forecast
The future of the global industrial control & factory automation market looks promising with opportunities in the process and discrete sectors. The global industrial control & factory automation market is expected to reach an estimated $238.4 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are rapid adoption of IoT and AI in commercial settings, continous expansion of industry 4.0, and rising adoption of AR (augmented reality) among indutries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Industrial Control & Factory Automation by Segment
The study includes a forecast for the global industrial control & factory automation by component, solution, end use industry, and region.
Industrial Control & Factory Automation Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Sensors
• Industrial Robots
• Machine Vision
• Control Valves
• Industrial PC
• Control Devices
• Field Instruments
• Industrial 3D Printing
• Human-Machine Interface
Industrial Control & Factory Automation Market by Solution [Shipment Analysis by Value from 2018 to 2030]:
• Distributed Control System (DCS)
• Supervisory Control and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Manufacturing Execution System (MES)
• Product Life Cycle Management (PLM)
• Plant Asset Management (PAM)
• Functional Safety
Industrial Control & Factory Automation Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Process Industry
• Discrete Industry
Industrial Control & Factory Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Industrial Control & Factory Automation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial control & factory automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial control & factory automation companies profiled in this report include-
• ABB
• Emerson Electric
• Rockwell Automation
• Siemens
• Endress+Hauser
• Schneider Electric
• Yokogawa
• OMRON
• Mitsubishi Electric
• Honeywell
Industrial Control & Factory Automation Market Insights
Lucintel forecasts that sensor is expected to witness highest growth over the forecast period due to its widespread application in various industries, such as healthcare, consumer electronics, automobiles, and military.
Process is expected to witness highest growth over the forecast period due to growing use of automation technology in various process sectors, such as oil and gas, food and beverage, and water and wastewater.
APAC is expected to witness highest growth over the forecast period due to increasing population, rising preference for green automated buildings, and presence of key automotive manufacturing hubs in the region.
Features of the Global Industrial Control & Factory Automation Market
Market Size Estimates: Industrial control & factory automation market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Industrial control & factory automation market size by component, solution, end use industry, and region in terms of value ($B).
Regional Analysis: Industrial control & factory automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, solutions, end use industries, and regions for the industrial control & factory automation market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial control & factory automation market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the industrial control & factory automation market size?
Answer: The global industrial control & factory automation market is expected to reach an estimated $238.4 billion by 2030.
Q.2 What is the growth forecast for industrial control & factory automation market?
Answer: The global industrial control & factory automation market is expected to grow with a CAGR of 6.7% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the industrial control & factory automation market?
Answer: The major drivers for this market are rapid adoption of iot and ai in commercial settings, continous expansion of industry 4.0, and rising adoption of AR (augmented reality) among indutries.
Q4. What are the major segments for industrial control & factory automation market?
Answer: The future of the industrial control & factory automation market looks promising with opportunities in the process and discrete sectors.
Q5. Who are the key industrial control & factory automation market companies?
Answer: Some of the key industrial control & factory automation companies are as follows:
• ABB
• Emerson Electric
• Rockwell Automation
• Siemens
• Endress+Hauser
• Schneider Electric
• Yokogawa
• OMRON
• Mitsubishi Electric
• Honeywell
Q6. Which industrial control & factory automation market segment will be the largest in future?
Answer: Lucintel forecasts that sensor is expected to witness highest growth over the forecast period due to its widespread application in various industries, such as healthcare, consumer electronics, automobiles, and military.
Q7. In industrial control & factory automation market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing population, rising preference for green automated buildings, and presence of key automotive manufacturing hubs in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the industrial control & factory automation market by component (sensors, industrial robots, machine vision, control valves, industrial PC, control devices, field instruments, industrial 3D printing, and human-machine interface), solution (distributed control system, supervisory control and data acquisition, programmable logic controller, manufacturing execution system, product life cycle management, plant asset management, and functional safety), end use industry (process industry and discrete industry), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Industrial Control & Factory Automation Market, Industrial Control & Factory Automation Market Size, Industrial Control & Factory Automation Market Growth, Industrial Control & Factory Automation Market Analysis, Industrial Control & Factory Automation Market Report, Industrial Control & Factory Automation Market Share, Industrial Control & Factory Automation Market Trends, Industrial Control & Factory Automation Market Forecast, Industrial Control & Factory Automation Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.