Industrial Automation Control Market Size to grow by USD 28.3 billion between 2024-2028
According to a research report “ Industrial Automation Control Market” by Product (Sensors, Drives, DCS, SCADA, PLC) End-user (Process industry, Discrete industry) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 28.3 billion, at a CAGR of 3.91% during the forecast period. In today's industrial landscape, maintaining and optimizing plant assets has become a top priority for operators. With the increasing complexity of production processes, producing customized products to meet cyclic demand has become the norm. The intricate relationship between production equipment, inventory, and support systems in asset-intensive industries, such as oil and gas, food and beverage, and water treatment, necessitates advanced tools and mechanisms. Industrial automation control systems, including SCADA, DCSs, and PLCs, play a crucial role in monitoring and managing these complex processes, operations, and systems, enabling improved efficiency, productivity, and overall plant performance..
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By Product, the Sensors segment is projected to dominate the market size in 2024
In the realm of industrial automation and process control, sensors play a pivotal role in converting physical quantities into electrical signals. These electrical indications are subsequently processed through advanced automation systems, providing real-time insights into physical variations or error signals within devices or instruments. Industrial sensors are meticulously categorized, including flow, temperature, pressure, gas, proximity, level, position, bio, velocity, and vibration types. Each sensor boasts a high degree of precision, reliability, range, variety, and sensitivity, empowering manufacturers to optimize industrial processing units with advanced control and automation capabilities. Continuous or periodic measurement of crucial process variables by these sensors is essential for maintaining optimal production efficiency and product quality.
By End-user, Process industry segment is expected to hold the largest market size for the year 2024
The process industry sector, which encompasses oil and gas, power, pulp and paper, water and wastewater, chemical and petrochemical, mining and metal, pharmaceutical, and food and beverage industries, holds a significant market share in the global industrial automation control landscape. This dominance is attributed to the escalating adoption of Supervisory Control and Data Acquisition (SCADA) systems, Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), and drives in major process industries, particularly in oil and gas, chemical and petrochemical, and power sectors. These technologies enable enhanced operational efficiency, productivity, and safety, making them indispensable in process industries.
APAC is forecasted to hold the largest market size by region in 2024
The Industrial Automation Control Market is experiencing significant growth due to the increasing demand for efficient and cost-effective manufacturing processes. Businesses are investing in advanced automation technologies to enhance productivity, improve quality, and reduce operational costs. Key market drivers include Industry 4.0 initiatives, the rise of the Internet of Things (IoT), and the increasing adoption of smart factories. The market is expected to continue its upward trajectory, with key players focusing on innovation and collaboration to meet evolving customer needs.
The Industrial Automation Control Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Industrial Automation Control Market is experiencing significant growth due to the implementation of automation systems in the industrial sector. These systems, which include DCS (Distributed Control Systems), PLC (Programmable Logic Controllers), and SCADA (Supervisory Control and Data Acquisition), are transforming the factory floor by improving operator safety, quality, and reducing costs. Augmented networking architectures, such as Cloud computing, IoT (Internet of Things), and cyber-physical systems, are playing a crucial role in this transformation. Industrial sensors and HMI (Human-Machine Interface) are key components of these systems, providing real-time data and enabling operators to make informed decisions. Robotics and AI (Artificial Intelligence) are also becoming increasingly important in the industrial automation industry. GE Healthcare, Upskill, and Skylight are some of the companies leading the way in this area, offering advanced solutions for industrial automation. Semiconductor chips are the backbone of these technologies, enabling the development of more powerful and efficient automation systems. Improved quality, cost reduction, and enhanced safety are the main drivers for the adoption of industrial automation control systems. As the market continues to evolve, we can expect to see even more advanced technologies and applications emerge, further transforming the industrial sector.
Market Research Overview
The Industrial Automation Control Market is experiencing significant growth in various industry verticals, including healthcare, energy & utilities, chemical, aerospace & defense, and more. The integration of state-of-the-art machinery, industrial robots, and sensors such as torque sensors, humidity sensors, and temperature sensors, is driving automation reliance and operational efficiency. 5G technology is revolutionizing the industrial sector by enabling real-time data transfer and enhancing production capabilities. Sensors play a crucial role in energy usage and raw material waste reduction. SMEs are also adopting automation systems, including machine learning and artificial intelligence, to reduce labor costs and improve productivity. The principles of Industrial Automation Control are being integrated into heavy engineering industries like aerospace, automotive, and manufacturing. New systems, such as HMI, DCS, PLC, and SCADA, are being developed using semiconductor chips and wireless sensors, enabling the Industrial Internet of Things (IIoT) and cyber-physical systems. Businesses are investing in automation to drive economic growth and technology growth, with shareholders and businesses relying on automation for improved operator safety, improved quality, and cost reduction. Augmented networking architectures, such as cloud computing, are enabling smart manufacturing and mobility, leading to enhanced production and improved quality. The Industrial Automation Control Market is also witnessing the integration of AI, robotics, and HMI, creating new business models and opportunities for growth. GE Healthcare, Upskill, and Skylight are some of the key players in the Industrial Automation Control Market.
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