Industrial Automation and Control System Market to reach 380 billion by 2032, Says Global Market Insights inc.
Industrial Automation and Control Industry size is expected to register 9.5% CAGR between 2024 and 2032 propelled by rapid transition toward Industry 4.0 and smart manufacturing.
Selbyville, Delaware , Sept. 02, 2024 (GLOBE NEWSWIRE) — Industrial Automation and Control System Market is projected to surpass USD 380 billion by 2032, as per a
Europe to Lead the Industrial Automation Industry
Europe industrial automation and control system market will hold notable CAGR from 2023 to 2032. The region’s advanced industrial infrastructure, coupled with stringent regulatory standards and a strong emphasis on technological innovation, drives the market growth. Countries such as Germany, France, and the United Kingdom are leading the adoption of industrial automation solutions due to their robust manufacturing sectors and ongoing industrial modernization efforts. European governments are also supporting the growth of the automation market through initiatives aimed at enhancing industrial efficiency and sustainability.
Key Market Players
Leading companies in the industrial automation and control system market include Emerson Electric Co, Rockwell Automation Inc, Schneider Electric, General Electric, OMRON Corporation, Honeywell International, Inc, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd, Yokogawa Electric Corporation, Robert Bosch GmbH, ABB Ltd.
The industrial automation and control system market is thriving due to increased efforts by companies to enhance operational efficiency and precision. Major players are investing in advanced technologies like AI and IoT to drive innovation. For example, ABB and Siemens are pioneering automation solutions that streamline manufacturing processes and boost productivity, meeting the growing demand for sophisticated industrial control systems.
For instance, in May 2024, Siemens unveiled a significant advancement in managing multiple hardware control points within factories. It Introduced the Siemens Simatic Automation Workstation. This innovative solution enabled manufacturers to consolidate a hardware PLC, traditional HMI, and edge device into a single, software-based platform.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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