Global Industrial Automation Market [2022-2029] | to Reach USD 395.09 Billion and Exhibit a CAGR of 9.8%

Posted on Jun 23 2022 5:44 AM

"Companies in the Industrial Automation Market are ABB Ltd.,Emerson Electric Co, General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation "

The Global “Industrial Automation Market Size ” 2022 research report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Industrial Automation Market report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analysed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

Worldwide Industrial Automation Market size stood at USD 191.89 Billion in 2021 and is expected to reach USD 395.09 Billion by 2029, register a revenue CAGR of 9.8% during the forecast period.

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Drivers & Restraints:

Rising Digitalization to Stimulate Growth

The market is expected to witness significant growth during the forecast period due to the fourth industrial revolution's adoption, which encourages the companies to acquire new brands and develop new products. Increasing implementation of industrial IoT is expected to drive the market in the coming years. Also, the rising implementation of digital twins and AR technology is anticipated to drive the market during the projected period. These factors are expected to ensure the industrial automation market growth during the forecast period.

However, high initial capital investments may hinder market growth during the projected period.

Learning from the impacts of COVID-19

COVID-19 brought fast-moving and unexpected impacts for which many existing plans and teams were unprepared. But by learning the right lessons from the pandemic and building resilience for the next crisis, businesses have an opportunity to turn the COVID-19 disruption to their advantage

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Companies involved in the global Industrial Automation Market research report are:

  • ABB Ltd. (Zürich, Switzerland)
  • Emerson Electric Co. (Missouri, U.S.)
  • General Electric Company (Massachusetts, U.S.)
  • Honeywell International Inc. (North Carolina,U.S.)
  • Mitsubishi Electric Corporation (Tokyo, Japan)
  • Omron Corporation (Kyoto, Japan)
  • Rockwell Automation Inc. (Wisconsin,U.S.)
  • Schneider Electric SE (Rueil-Malmaison, France)
  • Siemens AG (Munich, Germany)
  • Yokogawa Electric Corporation (Tokyo, Japan)

Industrial Automation Market Forecast:

  • Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
  • Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.

Influencing Factors:

  • Market Environment: Government Policies, Technological Changes, Market Risks.
  • Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.

Industrial Automation Market Historic Data:

  • Industry Trends: Global Revenue, Status, and Outlook.
  • Market Segment: By Types, By Applications, By Regions/ Geography.
  • Competitive Landscape: By Manufacturers, Development Trends.
  • Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
  • Sales Revenue: Market Share, Growth Rate, Current Market Analysis.

Geographic Segment Covered in the Report:

The Industrial Automation Market report offer insights and statistics about the market area which is further also divided into sub-regions and countries. For the purpose of this study, the report has been segmented into following regions and countries-

  • North America (USA and Canada)
  • Europe (UK, Germany, France and the rest of Europe)
  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, and the rest of Latin America)
  • Middle East and Africa (GCC and rest of the Middle East and Africa)

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Table of Content:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Value Chain
    • Key Mergers, Acquisitions, Partnerships, etc.
    • Covid-19 Impact on the Market

TOC Continued...!

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