Posted on Mar 17 2023 6:23 AM

"Industrial Automation Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software), By Industry (Discrete Automation, Process Automation), and Regional Forecast, 2022-2029 "

The Global "Industrial Automation Market Size 2023"research report covers explicit information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries.

Additionally,technology industry the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. The Global Industrial Automation Market consists of data accumulated from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals. This document further helps in understanding market trends, applications, specifications, and market.

The global industrial automation market size was USD 191.89 billion in 2021 and is projected to grow from USD 205.86 billion in 2022 to USD 395.09 billion by 2029, at a CAGR of 9.8% during the forecast period.

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Driving Factor:

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.

Customization Available: Global Industrial Automation Market

Fortune Business Insights is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

Data Triangulation

Primary Research: Detailed product mapping of major as well as emerging players in the market. Estimation of revenues/market size of all segments to arrive at the total market valuation. Estimation based on current trends, purchasing behavior, demand-supply gap, import-export scenario, and latest technology and developments. Estimation based on the number of end-users and the average consumption by each end-user. Estimation based on the production side and the supply side for the products and services offered in the market.

Bottom-Up Approach: This approach follows estimation of data through market share, revenues, and growth rate of prominent players operating in the market.

Top-Down Approach: Discussion with stakeholders and Key Opinion Leaders (KOLS) to validate market estimates and get their insights related to trends, dynamics, and competitive analysis.

Industrial Automation Market Segments:

By Component

• Hardware
• Software

By Industry

• Discrete Automation
• Process Automation

By Geography

• North America (By Component, By Industry, By Country)
• South America (By Component, By Industry, By Country)
• Europe (By Component, By Industry, By Country)
• Asia Pacific (By Component, By Industry, By Country)
• Middle East & Africa (By Component, By Industry, By Country)

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Who are the Top Players Industrial Automation Market?

• 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)

Global Industrial Automation Market Size Highlights:

The report for Global Industrial Automation Market of Fortune Business Insights covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. Moreover, report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, macroeconomic, technological advancement, and governing factors of the market. Furthermore, report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments of the technology industry.

The Global Industrial Automation Market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Industrial Automation Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Furthermore, Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. Moreover, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

Frequently Asked Questions?

• What is the Industrial Automation Market size?
• What is the CAGR for Industrial Automation Market ?
• What are the segments covered in the Industrial Automation Market report?
• Who are the key players in the Industrial Automation Market?
• Which region is more attractive for vendors in the Industrial Automation Market?
• What are the key markets for higher education?
• What are the key factors driving the growth of Industrial Automation Market ?
• Which segment has the largest share in the Industrial Automation Market?

Key Points from TOC:

1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4. Key Insights

4.1 Global Statistics — Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario — Key Countries

4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions

5. Global Industrial Automation Market Analysis, Insights and Forecast

5.1. Key Findings/ Summary

5.2. Market Analysis — By Product Type

5.3. Market Analysis — By Distribution Channel

5.4. Market Analysis — By Countries/Sub-regions

……………

11. Competitive Analysis

11.1. Key Industry Developments

11.2. Global Market Share Analysis

11.3. Competition Dashboard

11.4. Comparative Analysis — Major Players

12. Company Profiles

12.1 Overview

12.2 Products and Services

12.3 SWOT Analysis

12.4 Recent developments

12.5 Major Investments

12.6 Regional Market Size and Demand

13. Strategic Recommendations

TOC Continued…!

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