Learn about the global industrial automation market through The Business Research Company, which provides information on industrial automation market size, industrial automation market drivers and restraints, industrial automation market players, the COVID-19 impact on the industrial automation market, and more.

The global industrial automation market size is expected to grow from $164.74 billion in 2021 to $178.88 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The global industrial automation market size is expected to grow to $250.77 billion in 2026 at a CAGR of 8.8%.

The increasing significance of robotics is expected to propel the growth of the industrial automation market.

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The industrial automation market consists of sales of industrial automation products and services by entities (organizations, sole proprietors, partnerships) that are used to control and monitor a process, machine, or device in a computerized manner that will fulfil repetitive functions or tasks. They are designed to operate automatically to reduce and improve human work in the industry. They are operated using logical programming commands and powerful machinery.

Global Industrial Automation Market Segments Include:
By Component: Industrial Robots, Human Machine Interface (HMI), Industrial Sensors, Control Valves, Others

By Control System: Supervisory Control And Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Component Lifecycle Management (PLM), Enterprise Resource Planning (ERP), Human Machine Interface (HMI)

By Industry: Aerospace and Defense, Automotive, Healthcare, Energy and Utilities, Manufacturing, Oil and Gas, Mining, Transportation, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the industrial automation market in 2021.

Technological advancements are the key trends gaining popularity in the industrial automation market. Advancements such as the incorporation of AI in robots help them to learn the processes with complete autonomy so that they can even communicate with other robots and humans in some cases. Major players in the market are focusing on incorporating AI technology in industrial robots to be a leader in the market.

TBRC’s industrial automation market report covers:

Major Market Players: Emerson Electric Co, General Electric Company, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Mitsubishi Electric Corporation, ABB Ltd, Dassault Systemes SE, Honeywell International Incorporation, Omron Corporation, Endress+Hauser AG, Yokogawa Electric Corporation, Danaher Corporation, Fuji Electric Co. Ltd., and Hitachi Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Industrial Automation Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides industrial automation market overviews, analyzes and forecasts market size, share, industrial automation market players, industrial automation market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s industrial automation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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