The Business Research Company’s report goes into great detail on the industrial automation market size and growth, industrial automation market regional analysis, industrial automation market competitive landscape, and other critical information needed to excel in the industrial automation industry.

Major players in the industrial automation market include 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.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

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%.

Asia-Pacific was the largest region in the industrial automation market in 2021.

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 fulfill 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.

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

Request a Sample of the Global Industrial Automation Market Report

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 Global Industrial Automation Market Report Is Segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Industrial Automation Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the industrial automation market globally and regionally, analyzes and forecasts market size, share, industrial automation market players, industrial automation market segments, leading competitor revenues, profiles and market shares.

Here is a list of similar reports from The Business Research Company:

Industrial Sensor Global Market Report 2022

Industrial PC Global Market Report 2022

Industrial Robots Global Market Report 2022

Interested To Know More About The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company

Follow us on Twitter: https://twitter.com/tbrc_info

Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: