The global industrial automation market is estimated to reach US$341.41 billion in 2023, growing at a CAGR of 9.35% for the period spanning 2019-2023.
The research dives deep into the global share, size, and trends, as well as growth rate of the Industrial Automation market to project its progress during the forecast period, i.e., 2019–2027. Most importantly, the report further identifies the past, present, and future trends that are expected to influence the development rate of the Industrial Automation market. The research segments the market on the basis of product type, application, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, demand and production capability across different countries.
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This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Industrial Automation market.
The growth of the market has been driven by an upsurge in economic growth, expanding urbanization, rising automotive production, rising IoT devices, increasing use of industrial robots and rising consumer electronics production. Some of the noteworthy trends of the market include involvement of artificial intelligence, growing E-commerce warehouse maintenance and rising mining activities. However, growth of the market would be challenged by expensive installation and maintenance, resistance to accept and lack of trained manpower.
The global industrial automation market is categorized into two key segments: Programmable and Fixed automation. In 2018, fixed automation was the dominant segment because of the driving factors such as growing demand for industrial automation by consumer electronics industries and escalation in automotive production.
Researchers conducting the research also carry out a comprehensive analysis of the recent amendments in the government regulation and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.
The report profiles the key players in the industry along with a detailed analysis of their individual positions against the global landscape. The researcher provides an extensive analysis of the Industrial Automation market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
The major manufacturers covered in this report: ABB Group, Schneider Electric, Siemens AG, Rockwell Automation, KUKA AG, and Yokogawa
Scope of the report:
– The report provides a comprehensive analysis of the global industrial automation market, segmented into Programmable and Fixed automation segments.
– The major regional and country markets (EMEA, Asia Pacific and the Americas) have been analyzed.
– The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
– The competitive landscape of the market, along with the company profiles of leading players (ABB Group, Schneider Electric, Siemens AG, Rockwell Automation, KUKA AG, and Yokogawa) are also presented in detail.
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Key points from Table of Content:
2. Global Market Analysis
3. Regional Market Analysis
4. Market Dynamics
5. Competitive Landscape
6. Company Profiles
Scope of the study:
- The report conducts a detailed analysis of the evolving market dynamics
- It gives a holistic view of various drivers and restraints operating in the market
- The forecast spans 6 years and predicts the prospective progress of the sector
- It categorizes the prominent product segments and their future growth scenario
- The market insights derived after a thorough investigation of the industrial segments and subsegments enable readers make informed decisions.
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Name: Sameer Joshi
Email: [email protected]