Technology

Analyzing the Future Landscape: Industrial Automation Market to USD 162 billion Value in 2023 by 2030, With a 10.8% CAGR of – MarkNtel Advisors

Global Industrial Automation Market Insights Report Overview:

According to current research by MarkNtel Advisors the Global Industrial Automation Market is estimated to grow at a CAGR of around 10.8% during the forecast period, i.e., 2024-30. Data at the global, regional, and sub-regional levels are included in the report to assist stakeholders in better understanding supply and demand dynamics and how they affect the sector.

Professionals in the industry have conducted a thorough analysis of the global Industrial Automation market report, which has been presented in a way that highlights the most important facts. The most up-to-date data on the global market is the primary emphasis of the research. It includes several significant topics, such as corporate profiles, mergers and acquisitions, financial status, and feasibility research. It offers thorough details on industry chain analysis, marketing routes, and raw material costs. Stakeholders can learn more about market viability and financial sustainability through this abundance of information available. In addition, it provides a comprehensive picture of the market dynamics by illuminating the strategic actions made by organizations, their profiles, and the entire industry value chain.

Scope of the report:

Within the market under study, the report looks at the numerous applications, products/services, market value, and production capacity. In addition, it provides a thorough SWOT analysis, a threat and opportunity analysis, and a summary of the leading regions. Through this, stakeholders may find out more about the market potential for application, diversity of products/services, and market value. In addition, the research offers an evaluation of the opportunities, threats, weaknesses, and strengths, enabling stakeholders to comprehend the market environment and make wise decisions.

Download Free Sample of the Report: https://www.marknteladvisors.com/query/request-sample/global-industrial-automation-market.html

Global Industrial Automation Market Challenge:

High Initial Capital Investments to Impede Market Expansion – Though industrial automation processes offer cost-effectiveness, their implementation requires substantial initial capital investment for technology and employee training. Additionally, due to the fragmented industry nature, it has been challenging to predict return on investments (ROI). As a result of these high upfront expenses and unpredictability surrounding returns on investments, SMEs have been observed to be quite reluctant to embrace these technological advantages. Consequently, the high capital investments and uncertain ROI have been negatively impacting the market growth.

Nevertheless, these challenges have been intended to overcome with the implementation of smart manufacturing in recent years and governmental initiatives such as the MSME business loan program, the Make in India campaign, AMP 2.0, Society 5.0 plan, MIC2025 plan, etc., over the years, paving the way for market expansion worldwide, despite these obstacles.

Competitive Landscape:

To provide a clear picture of the competitive environment of the studied industry, we conducted a detailed analysis of both the major global players and the important regional small- and medium-sized businesses with significant growth potential. This global Industrial Automation market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore, discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.

  • ABB Ltd.
  • Dwyer Instruments
  • Emerson Electric Co.
  • Honeywell International, Inc.
  • Kawasaki Heavy Industries, Ltd.
  • Mitsubishi Electric Corporation
  • OMRON Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Siemens AG
  • Yokogawa Electric Corporation
  • General Electric (GE) Company
  • STMicroelectronics International N.V.
  • Robert Bosch Gmbh (Bosch Group)
  • WAGO Global
  • Others

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/global-industrial-automation-market.html

By identifying the high-growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities.

Global Industrial Automation Market Segmentation

 -By Solution2

  • Supervisory Control and Data Acquisition (SCADA)
  • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • Manufacturing Execution System (MES)
  • Product Lifecycle Management (PLM)
  • Functional Safety and Plant Asset Management (PAM)

The Supervisory Control and Data Acquisition (SCADA) control system segment is expected to grab a significant market share of the Industrial Automation Market, attributed to the adoption of Industry 4.0 principles. SCADA Control Systems are utilized across industry verticals such as aerospace & defense, automotive, chemical, energy & utilities, manufacturing, and healthcare. Its strength lies in collecting real-time information that is quickly fed into controller systems. Additionally, augmented requirements by manufacturers for intelligent and computerized production processes with increased efficiency levels are driving market growth ahead.

-By Component

  • Field Devices
  • Industrial Control Systems

-By Level of Automation

  • Semi-automatic- Market Size & Forecast 2019-2030, (USD Million)
  • Fully Automatic- Market Size & Forecast 2019-2030, (USD Million)

-By End User

  • Automotive- Market Size & Forecast 2019-2030, (USD Million)
  • Mining- Market Size & Forecast 2019-2030, (USD Million)
  • Water & Wastewater Management- Market Size & Forecast 2019-2030, (USD Million)
  • Electronic & Semiconductors- Market Size & Forecast 2019-2030, (USD Million)
  • Energy- Market Size & Forecast 2019-2030, (USD Million) & Power
  • Food & Beverages- Market Size & Forecast 2019-2030, (USD Million)
  • Oil & Gas- Market Size & Forecast 2019-2030, (USD Million)
  • Others (Pharmaceuticals, Chemicals, etc.) – Market Size & Forecast 2019-2030, (USD Million)

Customization of Reports Available – https://www.marknteladvisors.com/query/request-customization/global-industrial-automation-market.html

Industrial Automation Market Geographical Reach:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Key Benefits for Stakeholders:

  • To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the global Industrial Automation market analysis from 2024-30.
  • Information on the main factors driving the market as well as the obstacles and possibilities are provided.
  • The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter’s five forces analysis.
  • A comprehensive examination of the Industrial Automation market segmentation aids in identifying the dominant market opportunities.
  • The major countries in each area are shown about the revenue they generate for the global market.
  • Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
  • The research analyzes market trends for the Industrial Automation industry on a regional and global scale, as well as the major competitors, market segments, and industry expansion tactics.

About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others.

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