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Global industrial control & factory automation market size is expected to reach $224.79 Bn by 2028 at a rate of 8.2%, segmented as by component, industrial robots, machine vision system, process analyzer, field instruments<br>
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Industrial Control & Factory Automation Global Market Report 2024 Global Forecast 2024 – 2033 Market Size, Drivers, And Trends Top Market Research Firm 2023! We are honored to be listed as a top company at the forefront of research, by the Business Management Review © The Business Research Company. All Rights Reserved.
Industrial Control & Factory Automation Market Segments The industrial control & factory automation market covered in this report is segmented – 1) By Component: Industrial Robots, Machine Vision System, Process Analyzer, Field Instruments, Human–Machine Interface (HMI), Industrial PC, Industrial Sensors, Industrial 3D Printing, Vibration Monitoring, Other Components 2) By Solution: 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 3) By Industry: Process Industry, Discrete Industry © The Business Research Company. All Rights Reserved.
Market Statistics The industrial control & factory automation market size has grown strongly in recent years. It will grow from $150.24 billion in 2023 to $163.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The industrial control & factory automation market size is expected to see strong growth in the next few years. It will grow to $224.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.2% $20 B $15.37 B $14.38 B Click Here To Get A Sample Report © The Business Research Company. All Rights Reserved.
Key Market Drivers And Trends Drivers The emergence of connected enterprises is expected to propel the growth of the industrial control and factory automation market going forward. Trends Product innovation is a key trend gaining popularity in the industrial control and factory automation market. Region Asia-Pacific was the largest region in the industrial control & factory automation market in 2023. The regions covered in the Industrial Control & Factory Automation market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. © The Business Research Company. All Rights Reserved.
Top Eleven Players In The Market Major players in the market are: ▪ ▪ ABB Ltd. Endress+Hauser Group ▪ ▪ Emerson Electric Co. FANUC Corporation ▪ ▪ Siemens AG Omron Corporation ▪ Schneider Electric SE ▪ Mitsubishi Electric Corporation ▪ General Electric Company ▪ Rockwell Automation Inc. ▪ Honeywell International Inc. ▪ Yokogawa Electric Corporation Get More Information On The Market Report © The Business Research Company. All Rights Reserved.
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