Industrial Automation Market A Dive from 10.8% CAGR in 2024-30| MarkNtel Advisors
MarkNtel Advisors has recently released an all-encompassing report on Industrial Automation market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2024-30: Revealing Industrial Automation Market Insights and Analysis
The Industrial Automation Market size is estimated to grow at a CAGR of around 10.8% during the forecast period, i.e., 2024-30.
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Driving Innovation: Exploring the Industrial Automation Market and its Growth Challenge
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.
Industrial Automation Market: Key Players
STMicroelectronics International N.V.
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Robert Bosch Gmbh (Bosch Group)
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
WAGO Global
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
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Industrial Automation Market Segmentation Outline:
By Component
-Field Devices
–Industrial Robots- Market Size & Forecast 2019-2030, (USD Million)
–Human Machine Interface (HMI)- Market Size & Forecast 2019-2030, (USD Million)
–Control Valves- Market Size & Forecast 2019-2030, (USD Million)
–Sensors- Market Size & Forecast 2019-2030, (USD Million)
–Industrial 3D Printing- Market Size & Forecast 2019-2030, (USD Million)
–Others (Machine Vision, Fields Instruments, etc.)- Market Size & Forecast 2019-2030, (USD Million)
– Industrial Control Systems
–Supervisory Control and Data Acquisition (SCADA)- Market Size & Forecast 2019-2030, (USD Million)
–Programmable Logic Controller (PLC)- Market Size & Forecast 2019-2030, (USD Million)
–Distributed Control System (DCS)- Market Size & Forecast 2019-2030, (USD Million)
–Manufacturing Execution System (MES)- Market Size & Forecast 2019-2030, (USD Million)
–Product Lifecycle Management (PLM)- Market Size & Forecast 2019-2030, (USD Million)
–Others (Industrial Safety, Plant Asset Management (PAM), etc.)- Market Size & Forecast 2019-2030, (USD Million)
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)
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
About MarkNtel Advisors
MarkNtel Advisors is a leading research, 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 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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