Latest News- Industrial Automation Market in North America: PLC is expected to lead the Product segment during 2025-2029

The Industrial Automation Market in North America is being driven by Adoption of Industry 4.0 and smart manufacturing

The Industrial Automation Market in North America is expected to grow at a CAGR of 8.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 25483.9 million. The industrial automation market in North America is experiencing a notable trend of mergers and acquisitions, driven by the imperative to augment technological capabilities and broaden market reach. This trend is underscored by recent high-profile acquisitions, which have significantly altered the competitive landscape and propelled innovation within the sector. For instance, on October 2, 2023, Rockwell Automation, a prominent global player in industrial automation and digital transformation, finalized its acquisition of Clearpath Robotics, incorporating its industrial division, OTTO Motors. This strategic acquisition has fortified Rockwell Automation's standing in the autonomous robotics sector by incorporating autonomous mobile robots (AMRs) into its offerings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • PLC
  • DCS
  • SCADA
  • Drivers
  • Sensors
• End-user
  • Process industry
  • Discrete industry
• Geography
  • North America
    • Canada
    • Mexico
    • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Adoption of Industry 4.0 and smart manufacturing
• Rising labor costs and workforce shortages
• Reshoring and government initiatives

However, the market also witnesses some limitations, which are as follows:

• Technical challenges
• Cybersecurity risks
• Integration complexity

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Market Scope in Industrial Automation Market in North America Research Report

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Research Analysis Overview

In North America, the Industrial Automation Market is witnessing significant growth due to the adoption of advanced technologies such as Industry 4.0, IoT, and 5G wireless technology. These disruptive technologies are enhancing operational performance, asset productivity, and return on investment through smart manufacturing, digitalization, and real-time machine data analysis. Smart sensors, augmented reality, and artificial intelligence are revolutionizing industrial operations, while digital supply chains and cloud systems facilitate customized and efficient digital transformation. Collaborations between industry leaders and government policies are driving the market's growth, with capital costs being offset by instantaneous services and software capabilities. Industrial IoT, automation solutions, and edge computing are also key components of this dynamic and evolving landscape.

Market Research Overview

The Industrial Automation Market in North America is a significant segment of the global electrical components and equipment market, which encompasses businesses manufacturing electrical cables and wires, electrical components, and electrical equipment. According to Technavio, this market is driven by the adoption of Industry 4.0, digital workforces, connected supply chains, innovation in manufacturing, cloud-based manufacturing, and the need for supply chain visibility. Upskilling employees to manage real-time insights and advanced technologies is also a critical factor. The market size is determined by the combined revenue generated from water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components, as well as rental and leasing services to industrial, commercial, and residential sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/