Global Quick Overview of the Industrial Automation Market Analysis

The objective of the Global Industrial Automation Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, the Global Industrial Automation Market size was valued at around USD 162 billion in 2023 and is expected to register a CAGR of around 10.8% during the forecast period, i.e., 2024-30. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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Latest Challenge Contributing in the Industrial Automation Industry:

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.

A Detailed Outlook of Industrial Automation Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category. Different segments were used to classify the market for this study are listed below:

-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)

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

Geographical Analysis:

-By Region

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

Over historical years, the Global Industrial Automation Market was majorly dominated by the Asia-Pacific region, as in 2023, the region held a market share of around 38% in the industrial automation market. This dominance is projected to continue during the forecast period i.e. 2024-30, owing to a gradual expansion of the industrial base in India, China, Japan, Vietnam, Indonesia, Philippines, etc. The increasing desire of several manufacturing units to upgrade the industrial plant management solutions that meet the growing demands for the automated industrial sector, most significantly in India and China, has become a key driver of regional market growth.

Moreover, in recent years, the trend of replacing conventional production facilities with smart production hubs has led to widespread acceptance of industrial automation and further fueled growth in the marketplace throughout the entire Asian-Pacific sector.

Lead the Industrial Automation Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section as:

• 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

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Key Report Highlights      

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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Why choose MarkNtel?

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, for 14.8 diverse industrial verticals.

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