Industrial Control And Factory Automation Market Size And Forecast
Adopting Industry 4.0 principles, which emphasize automation, data exchange, and intelligent technology in manufacturing, is a central driver of the Industrial Internet of Things (IIoT). IIoT enables connected equipment to communicate and exchange data, thus enhancing productivity and flexibility in manufacturing processes.
Demand for Increased Productivity and Efficiency In a bid to remain competitive, manufacturers need to increase productivity and efficiency. Factory automation and industrial control solutions ensure maximum utilization of resources, reduced downtime, and optimized operations.
Increased use of energy-efficient automation technology is driven by rising energy costs as well as environmental issues. These technologies lead to reduced greenhouse gas emissions and energy consumption.
Technological Advancements Industrial automation and control are being driven by advancements in technologies such as robots, artificial intelligence, and machine learning. The technologies enable industrial processes to be more intelligent and autonomous.
Government Policies and regulations To promote manufacturing automation and digitization, governments across the globe are implementing policies and regulations. This includes cybersecurity and interoperability standards along with incentives for using automation technologies.
Globalization and Supply Chain Optimization Due to the trend of globalization, manufacturing activities now need higher responsiveness and agility. Factory automation and industrial control solutions support supply chain optimization and adaptation to market conditions.
workers Shortages and Cost Pressures There is a lack of skilled workers in the manufacturing industry in most regions. By reducing the demand for physical labor and enhancing the productivity of the existing workforce, automation helps to alleviate this problem.
Industrial Control And Factory Automation Market, By Geography
- North America Market conditions and demand in the United States, Canada, and Mexico.
- Europe Analysis of the Industrial Control And Factory Automation Market in European countries.
- Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa Examining market dynamics in the Middle East and African regions.
- Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Industrial Control And Factory Automation Market are
- Honeywell International Inc.
- ABB Limited
- Rockwell Automation Inc.
- Schneider Electric SE
- Emerson Electric Company
- Mitsubishi Electric Corporation
- Siemens AG
- Omron Corporation
- Yokogawa Electric Corporation
- General Electric Co
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2025-2035 |
| Base Year | 2024 |
| Forecast Period | 2024-2035 |
| Historical Period | 2020-2024 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Honeywell International Inc., ABB Limited, Rockwell Automation Inc., Schneider Electric SE, Emerson Electric Company, Siemens AG, Omron Corporation, Yokogawa Electric Corporation |
| Segments Covered |
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| Customization scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Motives for Buying this Report
• Qualitative and quantitative market analysis based on segmentation involving both economic as well as non-economic factors
• Market value (USD Billion) data for each segment and sub-segment
• Points towards the region and segment that is anticipated to grow at the fastest rate as well as to control the market
• Analysis by geography pointing towards the consumption of the product/service in the region as well as the factors that are influencing the market within each region
• Competitive landscape which includes the market ranking of the key players, along with new service/product launches, partnerships, business expansions and acquisitions over the last five years of companies profiled•
