Industrial Automation Market Revenue, Product Launches, Regional Share Analysis & Forecast Till 2032
The global industrial automation market size reached USD 210.50 Billion in 2022 and is expected to register a revenue CAGR of 8.6% during the forecast period, according to the latest analysis by Emergen Research. Rapid adoption of Industry 4.0 technologies across the globe and increasing investments to modernize manufacturing activities are key factors driving revenue growth of the market. Industrial Internet of Things (IIoT) and cyber-physical systems, which are intelligent, autonomous systems that employ computer-based algorithms to monitor and operate physical objects such as machinery, robots, and vehicles, are the foundation of Industry 4.0. The adoption of Industry 4.0 technology within the supply chain leads to smart factories, manufacturing facilities, smart storage, and logistics. However, Industry 4.0 goes beyond the supply chain. Enterprise Resource Planning (ERP) and other back-end systems are interconnected to provide businesses with a level of visibility and control never before possible. Industry 4.0 is ultimately a key component of any company's digital transition.
In the Global Industrial Automation Market Research Report published by Emergen Research, key business details are analyzed along with a geographical overview of the Industrial Automation industry, which provides extensive analysis of this sector. This study provides a comprehensive look at the Industrial Automation market from both a qualitative and quantitative perspective as well as crucial statistical information about the market. As of 2017, the research study provides historical data and offers forecasts up to 2027. Furthermore, the report describes emerging and established players of the market, providing an overview of their business, their product portfolio, their strategic alliances, and their plans for expansion.
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Key companies operating in the Industrial Automation market include:
Schneider Electric, Siemens AG, General Electric Company, Emerson Electric Co, Rockwell Automation Inc., Yocogawa Electric Corporation, Omron Corporation, Fanuc Corporation, Dwyer Instruments, Ltd, Mitsubishi Electric Corporation, Honeywell International Inc., and ABB Ltd
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Industrial Automation market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis In-depth 8-year analysis of the Global Industrial Automation Market Critical understanding of the key market segments Comprehensive analysis of the drivers, restraints, trends, and opportunities Detailed regional analysis and extensive company profiling Extensive assessment of current and emerging trends of the market For more informative information, please visit us @ https://www.emergenresearch.com/industry-report/industrial-automation-market
Industrial Automation Market Segmentation:
Component Outlook (Revenue, USD Billion; 2019-2032) Hardware Industrial Sensors Machine Vision Systems Industrial Robots Human Machine Interface Others Software Supervisory Control & Data Acquisition Programmable Logic Controller Distributed Control System Plant Asset Management Others Services Industry Vertical Outlook (Revenue, USD Billion; 2019-2032) Oil & Gas Manufacturing Automotive Healthcare Energy & Power Others Regional Outlook (Revenue, USD Billion; 2019–2032) North America U.S. Canada Mexico Europe Germany France U.K. Italy Spain Benelux Rest of Europe Asia Pacific China India Japan South Korea Rest of APAC Latin America Brazil Rest of LATAM Middle East & Africa Saudi Arabia U.A.E. South Africa Turkey Rest of MEA
Industrial Automation Market Segmentation by Regions:
North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) Click here to Get customization @ https://www.emergenresearch.com/request-for-customization/1615
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