The Industrial Automation Control Market is being driven by Need for simplification of complex manufacturing activities
The Industrial Automation Control Market is expected to grow at a CAGR of 12.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 160 billion. Industrial automation control solutions play a crucial role in managing and overseeing the operations of manufacturing facilities. An open architecture platform for automation software is a valuable asset, enabling users to customize and modify its functionality. This empowers Original Equipment Manufacturers (OEMs) to boost the operational capabilities of their offerings and expand connectivity options, thereby mitigating interoperability challenges. With open platform architecture, users gain the flexibility to select runtime platforms, such as industrial PCs and operating panels, and can integrate third-party scripting tools and .NET controls. This versatile platform offers interface applications, development libraries, and both front-end and back-end applications, allowing for various use cases and enhanced functionality.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
233 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.3% |
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Market growth 2025-2029 |
USD 160 billion |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
10.7 |
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Key countries |
US, China, Japan, Germany, India, Canada, Brazil, UK, South Korea, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The industrial automation market is experiencing significant growth, driven by advancements in technology such as cyber-physical systems, cloud computing, and augmented networking architectures. Companies like GE Healthcare are leading the way with innovations in automation systems, utilizing semiconductor chips and industrial sensors on the factory floor. These technologies aim to provide cost reduction, improved quality, and enhanced operator safety in the industrial sector. (51 words) The industrial automation industry is witnessing robust growth, driven by technological innovations like cyber-physical systems, cloud computing, and augmented networking architectures. Pioneers such as GE Healthcare are spearheading this transformation through advanced automation systems that incorporate semiconductor chips and industrial sensors on the factory floor. The benefits include cost savings, improved quality, and heightened operator safety in the industrial sector.
The industrial automation control market is a significant segment of the global electrical components and equipment industry. Key players in this sector include GE Healthcare, focusing on cyber-physical systems, and other manufacturers of automation solutions, sensors, and wireless technologies. Technavio's market analysis encompasses revenue from water heaters and accessories, motors, motor control, encoder and amplifier, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Additionally, the market size includes rental and leasing of electrical components and equipment to industrial, commercial, and residential consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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