Industrial Automation Market Overview :
Maximize Market Research, a leading firm, has published a comprehensive report on the Industrial Automation Market. The report provides an overview of the market, including its scope, research methodology, gross profit margin, cost market share, market capability, and supply and demand analysis. This data helps identify key drivers that impact market growth. The report also highlights key industries and presents widely available data.
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Industrial Automation Market Scope :
The Industrial Automation market heavily relies on pictorial, graphical, and numerical data, which are analyzed and presented comprehensively within the market scope. The scope of the report showcases various opportunities and mediums for market analysis. Primary data refers to authentic information obtained from reliable sources, while secondary data consists of existing information used for research, analysis, and decision-making purposes. The report includes an in-depth analysis of the Industrial Automation market and its segmentation. It also provides a regional analysis of market dynamics, enabling investors and readers to compare past and current market trends. SWOT analysis is performed to identify market strengths and weaknesses, while PESTLE analysis is conducted to understand the business direction, growth targets, and upcoming risks. The report also covers current market trends and provides forecasts for the upcoming years.
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Industrial Automation Market Segmentation :
The industrial sensors segment is anticipated to hold the highest share of the market for industrial automation components in the Middle East and Africa throughout the course of the forecast period. The growth of the industrial sensors market is being driven by the rising adoption of Industry 4.0 and IIoT, as well as the expansion of the wireless sensor market. Industrial sensors are frequently used in the manufacturing sector, especially to strengthen connections between various tasks. Manufacturers from all around the world have started integrating sensors to collect data in real time from various data points. Since predictive maintenance is anticipated to present profitable prospects through sensor data capture in the upcoming years, sensors as an essential component of predictive maintenance solutions are predicted to have a rapid growth in demand.
The only end-users by industry, primarily in the Asian market, with a sustained or rising demand for collaborations in 2022 are the semiconductor industries. Nearly 62% of robotics revenues in 2022 came from the automotive and electronics industries, however the need for robotic solutions in the automobile industry will not go over 2019 levels until 2022. After showing promising signs of recovery in 2022, particularly in the Asian markets, the electronics segment is predicted to recover slightly more than the automobile sector.
According to Solutions, the PAM segment would expand at a respectable CAGR during the projection period. Using the intelligence ingrained in industrial assets, plant asset management (PAM) software accurately measures and provides data on the state of the machinery in a plant. Manufacturing companies are utilising PAM more and more because it speeds up decision-making and turnaround time by identifying production faults and, as a result, preventing system failures through real-time data collection and quality management practises.
Industrial Automation Market, by Components (2022-2029)
• Industrial Robots
• Machine Vision System
• Process Analyzer
• Field Instruments
• Human Machine Interface (HMI)
• Industrial PC
• Industrial Sensors
• Industrial 3D Printing
• Vibration Monitoring
Industrial Automation Market, by Solutions (2022-2029)
• Supervisory Control And Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Manufacturing Execution System (MES)
• Industrial Safety
• Plant Asset Management (PAM)
Industrial Automation Market, by Industry (2022-2029)
• Oil & Gas
• Chemicals
• Pharmaceuticals & Medical Devices
• Food & Beverages
• Energy & Power
• Automotive
• Machine Manufacturing
• Water & Wastewater Treatment
• Electronics & Semiconductors
• Metals & Mining
• Others
Industrial Automation Market Key Players :
1. FANUC (Japan)
2. Yaskawa Electric Corporation (Japan)
3. Toshiba Corporation (Japan)
4. Yokogawa Electric Corporation (Japan)
5. Fuji Electric Co., Ltd. (Japan)
6. Hitachi, Ltd. (Japan)
7. Omron Corporation (Japan)
8. Mitsubishi Electric Corporation (Japan)
9. Keyence Corporation (Japan)
10. Accurate Industrial Controls Pvt. Ltd. (India)
11. Honeywell International Inc (US)
12. Emerson Electric Co. (US)
13. General Electric Company (US)
14. Rockwell Automation, Inc (US)
15. Danaher Corporation (US)
16. NATIONAL INSTRUMENTS CORP (US)
17. Roper Technologies, Inc (US)
18. Voith GmbH (Germany)
19. Siemens AG (Germany)
20. Kuka AG (Germany)
21. Bosch Rexroth Corporation (Germany)
22. Phoenix Contact (Germany)
23. MARCO Limited (UK)
24. Schneider Electric SE (France)
25. Endress+Hauser (Switzerland)
26. ABB Ltd. (Switzerland)
27. Danfoss A/S (Denmark)
28. Tegan Innovations (Ireland)
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Regional Analysis :
The report emphasizes Industrial Automation market strategy and planning through regional analysis. This analysis incorporates various techniques and tactics to enhance understanding. Regional analysis continuously monitors business growth and helps target clients, thereby impacting regional business or market. The report presents different levels of data for regional perspectives, including competitiveness, market pricing, quantity, and quality.
Key Questions Answered in the Industrial Automation Market Report:
- What is the definition of the Industrial Automation Market?
- What is the forecast period for the Industrial Automation Market?
- What is the competitive scenario of the Industrial Automation market?
- Which region holds the largest market share in the Industrial Automation Market?
- What are the opportunities for the Industrial Automation Market?
- What factors are affecting the growth of the Industrial Automation market?
- Who are the key players in the Industrial Automation market?
- Which company holds the largest share in the Industrial Automation market?
- What will be the compound annual growth rate (CAGR) of the Industrial Automation market during the forecast period?
- What key trends are likely to emerge in the Industrial Automation market in the coming years?
Key Offerings:
- Market Share, Size, and Revenue Forecast | 2023-2029
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Market Segmentation: Detailed analysis by Industrial Automation
- Landscape: Leading key players and other prominent participants.
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