The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The automation and controls market size has grown rapidly in recent years. It will grow from $127.13 billion in 2023 to $139.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%.  The growth in the historic period can be attributed to industrial revolution, computerization, electrification programmable logic controllers (PLCs), digital revolution, internet of things (IoT).

The automation and controls market size is expected to see strong growth in the next few years. It will grow to $202.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.  The growth in the forecast period can be attributed to demand for smart manufacturing, rising labor costs and skills shortages, demand for remote monitoring and management, urbanization and infrastructure development, demand for smart manufacturing. Major trends in the forecast period include embrace of digital twins, technological advancements, augmented reality (AR) and virtual reality (VR), expansion of robotics and cobots, and integration of AI and machine learning.

The surge in demand for industrial automation is expected to propel the growth of the automation and control market going forward. Industrial automation refers to the use of robotics, machines, and control systems to perform tasks that were traditionally carried out by human workers. It is preferred because it enhances efficiency, productivity, safety, and reliability while reducing operational costs and human error. Automation and control systems are useful for industrial automation as they streamline operations, enhance precision and productivity, and enable consistent quality and safety in manufacturing processes.

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What Are The Key Trends That Influence Automation And Controls Market Share Analysis?

Major companies operating in the automation and controls market are developing innovative products such as the MTConnect driver to secure their place in the market. This innovation aims to integrate CNC machines into the sophisticated IIoT automation ecosystem, enhancing thorough data analysis.

Which Market Players Are Driving Growth In The Automation And Controls Market?

Major companies operating in the automation and controls market are Hitachi Ltd., Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Group, Johnson Controls International PLC, Emerson Electric Co., Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Delta Electronics Inc., Rockwell Automation Inc., Bosch Rexroth AG, OMRON Corporation, Keyence Corporation, Fanuc Corporation, Dassault Systèmes SE, Fuji Electric Co. Ltd., Yaskawa Electric Corporation, KUKA AG, Yokogawa Electric Corporation, Phoenix Contact GmbH & Co. KG, Rittal GmbH & Co. KG, SICK AG, Advantech Co. Ltd., Beckhoff Automation GmbH & Co. KG, National Instruments Corporation, AVEVA Group PLC, B&R Industrial Automation GmbH, Universal Robots A/S

How Is The Global Automation And Controls Market Segmented?

1) By Product: Programmable Logic Controller (PLC); Supervisory Control And Data Acquisition (SCADA); Programmable Automation Controller (PAC); Distributed Control System (DCS); Human-Machine Interface (HMI); Manufacturing Execution System (MES)
2) By Application: Lighting; Heating, Ventilation and Air Conditioning (HVAC); Safety And Security; Other Applications
3) By End Use: Residential; Commercial; Industrial; Oil And Gas; Mining And Metals; Automotive And Transportation; Manufacturing Electrical And Electronics: Other End Users

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The Automation And Controls Global Market Report 2024 provides an overview of the automation and controlsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automation and controls market forecast analyzes automation and controls market size, automation and controls market share, leading competitor and their market positions.

The Table Of Content For The Automation And Controls Market Include

1. Automation And Controls Market Executive Summary
2. Automation And Controls Market Segments
3. Automation And Controls Market Size And Template Market Growth Rate
4.  Key Automation And Controls Market Trends
5. Major Automation And Controls Market Drivers
……
25. Key Mergers And Acquisitions In The Automation And Controls Market
26. Top Automation And Controls Companies
27. Automation And Controls Market Opportunities And Strategies
28. Automation And Controls Market, Conclusions And Recommendations
29. Appendix

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