Industrial Automation Market PDF

1. " Industrial Automation Market to be Worth $332.31 Billion by 2030 ”

2. Industrial Automation Market by 2030 Meticulous Research®—a leading global market research company, published a research report titled,‘ Industrial Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi, Fully), End User (Oil & Gas, Automotive, F&B, Aerospace & Defense, Others), and Geography-Global Forecast to 2030.’ Download Sample Report Here : https://www.meticulousresearch.com/download- sample-report/cp_id=5172 According to this latest publication from Meticulous Research®, the industrial automation market is projected to reach $332.31 billion by 2030, at a CAGR of 8.6% from 2023 to 2030. The growth of this market is driven by the growing adoption of robots in the manufacturing sector, government initiatives to promote industrial development, increasing investments in transforming conventional production facilities, high labor costs in North America & Europe, and growing demand for safe & digitized production processes. The growing number of SMEs and rising demand for IIoT in Southeast Asia's manufacturing sector are expected to offer significant growth opportunities for the stakeholders in the industrial automation market. The high initial investment may restrain the market's growth. Furthermore, the limited availability of skilled labor and cyber risks associated with automated systems are expected to challenge the growth of the industrial automation market. Based on component, the global industrial automation market is segmented into plant instrumentation, plant-level controls, and enterprise-level controls. In 2023, the enterprise-level controls segment is expected to account for the largest share of the global industrial automation market. The large market share of this segment is attributed to the high adoption of PLM, ERP, and MES solutions for streamlining the production & enterprise processes across the manufacturing & industrial sectors, the increasing need to automate industrial production with industrial automation software, and the growing demand to analyze productivity and efficiency in industries. In addition, rising initiatives by manufacturers to accelerate the adoption of AI-driven automation is expected to drive segment growth. For instance, in June 2023, Cognizant Technology Solutions Corporation (U.S.), a multinational IT services and consulting company, partnered with ServiceNow, Inc. (U.S.), an American software company, to advance the adoption of AI-driven automation across industries. However, the plant-level controls segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing need to enhance supply chain operations, maintenance management, data collection, & product configurations; rising implementations of SCADA to control and optimize industrial operations; and increasing deployments of HMI for displaying data, tracking production time and trends. Page 1 of 4 © Meticulous Research| sales@meticulousresearch.com

3. Industrial Automation Market by 2030 Speak analyst/cp_id=5172 to Analyst : https://www.meticulousresearch.com/speak-to- Based on mode of automation, the global industrial automation market is segmented into semi-automatic systems and fully-automatic systems. In 2023, the semi-automatic systems segment is expected to account for the larger share of the global industrial automation market. The large market share of this segment is attributed to the growing demand for semi-automatic systems for companies that emphasize improving their manufacturing process but hesitate or cannot eliminate operator assistance and growing technological advancements in semi-automatic systems. However, the fully-automatic systems segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing need to increase industrial production capabilities. Adopting fully automatic systems helps companies increase their throughput volumes by automating the feeding and assembly processes. The companies adopting fully automatic systems are usually large-scale companies with automated equipment in their operating facilities. They are exploring ways to minimize long-term costs by reducing human labor. Furthermore, the rising focus of key players on product development and enhancement is expected to drive segment growth. For instance, in November 2020, OMRON Corporation (Japan) launched the K7GE-MG insulation resistance monitoring device. This monitoring device automatically measures the insulation resistance of the equipment. The device monitors the deterioration of insulation resistance and prevents unexpected equipment breakdown. Based on end user, the global industrial automation market is broadly segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. In 2023, the oil & gas segment is expected to account for the largest share of the global industrial automation market. The large market share of this segment is attributed to the increasing implementation of automation technologies to improve decision- making, troubleshooting, and performance efficiency in oil & gas exploration activities. Request Sample Report : https://www.meticulousresearch.com/request-sample- report/cp_id=5172 Additionally, companies are taking initiatives to digitalize the oil & gas industry, driving market growth. For instance, in May 2023, Essar Exploration & Production Ltd. (India), India's leading pioneering unconventional hydrocarbon player, collaborated with Page 2 of 4 © Meticulous Research| sales@meticulousresearch.com

4. Industrial Automation Market by 2030 Sensia LLC (U.S.) to digitalize oil and gas field operations to enhance operational efficiencies. However, the automotive segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing implementation of machine vision systems and sensor technologies by automotive manufacturers increasing utilization of robotics for automotive body assembly automation. In addition, key players operating in the market offers industrial automation products to save on labor costs and rework, improving quality and repeatability with robotics, vision, and software integration. For instance, in February 2023, KUKA AG (Germany) launched a new range of Fortec industrial robotic arms in response to the automotive industry’s changing requirements, with bigger vehicles, heavy batteries, and very large components for electric cars. Based on geography, the global industrial automation market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global industrial automation market. The large market share of the region is attributed to the rising opportunities for industrial automation in the manufacturing sector, the growing presence of leading manufacturing companies, the growing digital economy, and rising investments in Industry 4.0. Moreover, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this region is driven by the reduced cost of automation systems, increasing labor costs, and increasing safety and hygiene requirements in the industrial sector. Due to increasing labor costs and safety and hygiene requirements, key players focus on product development to facilitate automation. For instance, in August 2020, Mitsubishi Electric India Pvt. Ltd. (India) launched MELFA ASSISTA collaborative robots in India. MELFA ASSISTA has safety features such as collision detection. Such development is expected to support the growth of the market. Key Players: Some of the key players operating in the global industrial automation market are ABB Ltd. (Switzerland), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), Fuji Electric Co., Ltd. (Japan), and General Electric Company (U.S.). Quick Buy : https://www.meticulousresearch.com/Checkout/32601422 Key questions answered in the report: Page 3 of 4 © Meticulous Research| sales@meticulousresearch.com

5. Industrial Automation Market by 2030 •Which are the high-growth market segments in terms of component, automation mode, and end user? •What is the historical market size for industrial automation solutions across the globe? •What are the market forecasts and estimates for 2023–2030? •What are the major drivers, restraints, opportunities, and challenges in the global industrial automation market? •Who are the major players in the global industrial automation market, and what are their market shares? •How is the competitive landscape? •What are the recent developments in the global industrial automation market? •What are the different strategies adopted by the major players in the market? •What are the geographic trends and high-growth countries? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 4 of 4 © Meticulous Research| sales@meticulousresearch.com