Global Industrial Control & Factory Automation Market
Global Industrial Control & Factory Automation Market was valued at USD 147.9 billion in 2021 and is expected to reach 218.8 billion by 2027, at a CAGR of 8.2%. from 2022-2027.
Industrial Control & Factory Automation system consists of equipment, IT software, and computers which reduce human interaction in carrying out different processes in any industry. The automation system helps in, eliminating errors, streamlining the processes, increasing productivity, and enhancing the overall operational efficiency. Automation & control systems decrease manufacturing errors, that saves time and money and increases customer satisfaction.
Market Drivers
The increasing number of government initiatives that promote industrial automation globally, increase in adoption rate of IoT and AI in industrial environments, and rising demand for better efficiency & higher productivity are the major factors driving the growth of the industrial control & factory automation market.
Furthermore, the Industrial Internet of Things (IIoT) and the Industrial 4.0, both are at the center of the new technological intervention for the production, development, and management of the entire logistics chain, otherwise known as smart factory automation, and are dominating the trends in the industrial sector, with devices and machinery being connected via internet. This is a key aspect influencing the market.
Market Restraints
The cost of labor has steadily risen exponentially in many different areas. Additionally, the standards for quality are becoming stricter than ever. Considering this, the industrial control & factory automation may result in lower production, operating, and labor expenses.
Market Segmentation
The Global Industrial Control & Factory Automation Market is segmented based on component, solution, industry, end user, and region.
Based on end-use, the market is classified into process industry including (chemicals, Oil & Gas, Paper & Pulp, Pharmaceuticals, Mining & Metals, Food & Beverage, Power, and Others) and discrete industry including (Automotive, Machine Manufacturing, Semiconductor & Electronics, Aerospace & Defense, Medical Devices, others).
Regional Analysis
The Global Industrial Control & Factory Automation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the industry controls and factory automation market in the coming years. Many automakers have initiated investments better to outfit their plants for future electric drive car models & to boost battery production capacity. These significant initiatives in the region will increase the demand for industrial robots in the coming years.
Asia Pacific is estimated to be a prominent region for industry controls and the factory automation market because of the rise in urbanization and industrialization. The region is expected to expand at an impressive CAGR rate due to low manufacturing cost, rise in awareness of the benefits of automation, increased industrialization in various countries; such as China, Japan, and India, and supportive policies of the regional governments.
Key Players
Various key players are discussed into the Global Industrial Control & Factory Automation Market Report including: Honeywell, ABB, Schneider Electric, Siemens, Rockwell Automation, Emerson, Mitsubishi Electric Corporation, General Electric, Yokogawa, Omron, Endress+Hauser, Texas Instruments Inc., and Robert Bosch GmbH.
Market Taxonomy
By Component
By Solution
By Industry
By End-User
By Region
Global Industrial Control & Factory Automation Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Industrial Control & Factory Automation Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Industrial Control & Factory Automation Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Industrial Control & Factory Automation Market Share Analysis, By Component
5.3 Global Industrial Control & Factory Automation Market Size and Forecast, By Component
5.3.1 Industrial Robots
5.3.2 Machine Vision
5.3.3 Process Analyzer
5.3.4 Field Instruments
5.3.5 Industrial PC
5.3.6 Industrial Sensors
5.3.7 Industrial 3D Printing
5.3.8 Motors and Drives
5.3.9 Vibration Monitoring
5.3.10 Other
6 Global Industrial Control & Factory Automation Market, By Solution
6.1 Y-o-Y Growth Comparison, By Solution
6.2 Global Industrial Control & Factory Automation Market Share Analysis, By Solution
6.3 Global Industrial Control & Factory Automation Market Size and Forecast, By Solution
6.3.1 Supervisory Control and Data Acquisition (SCADA)
6.3.2 Programmable Logic Controller (PLC)
6.3.3 Distributed Control System (DCS)
6.3.4 Manufacturing Execution System (MES)
6.3.5 Industrial Safety
6.3.6 Human Machine Interface (HMI)
6.3.7 Product Lifecycle Management (PLM)
6.3.8 Plant Asset Management (PAM)
6.3.9 Enterprise Resource Planning (ERP)
6.3.10 Other
7 Global Industrial Control & Factory Automation Market, By Industry
7.1 Y-o-Y Growth Comparison, By Industry
7.2 Global Industrial Control & Factory Automation Market Share Analysis, By Industry
7.3 Global Industrial Control & Factory Automation Market Size and Forecast, By Industry
7.3.1 Process Industry
7.3.2 Discrete Industry
8 Global Industrial Control & Factory Automation Market, By End-User
8.1 Y-o-Y Growth Comparison, By End-User
8.2 Global Industrial Control & Factory Automation Market Share Analysis, By End-User
8.3 Global Industrial Control & Factory Automation Market Size and Forecast, By End-User
8.3.1 Automotive
8.3.2 Chemical and Petrochemical
8.3.3 Utility
8.3.4 Pharmaceutical
8.3.5 Food and Beverage
8.3.6 Oil and Gas
8.3.7 Pulp and Paper
8.3.8 Metals and Mining
8.3.9 Food and Beverage
8.3.10 Energy and Power
8.3.11 Machine Manufacturing
8.3.12 Semiconductor and Electronics
8.3.13 Aerospace and Defense
8.3.14 Medical Devices
8.3.15 Other
9 Global Industrial Control & Factory Automation Market, By Region
9.1 Global Industrial Control & Factory Automation Market Share Analysis, By Region
9.2 Global Industrial Control & Factory Automation Market Share Analysis, By Region
9.3 Global Industrial Control & Factory Automation Market Size and Forecast, By Region
10 North America Industrial Control & Factory Automation Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Industrial Control & Factory Automation Market Share Analysis, By Component
10.3 North America Industrial Control & Factory Automation Market Size and Forecast, By Solution
10.4 North America Industrial Control & Factory Automation Market Size and Forecast, By Capacity
10.5 North America Industrial Control & Factory Automation Market Size and Forecast, By End-User
10.6 North America Industrial Control & Factory Automation Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Industrial Control & Factory Automation Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Industrial Control & Factory Automation Market Share Analysis, By Component
11.3 Europe Industrial Control & Factory Automation Market Size and Forecast, By Solution
11.4 Europe Industrial Control & Factory Automation Market Size and Forecast, By Industry
11.5 Europe Industrial Control & Factory Automation Market Size and Forecast, By End-User
11.5 Europe Industrial Control & Factory Automation Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Industrial Control & Factory Automation Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Industrial Control & Factory Automation Market Share Analysis, By Component
12.3 Asia Pacific Industrial Control & Factory Automation Market Size and Forecast, By Solution
12.4 Asia Pacific Industrial Control & Factory Automation Market Size and Forecast, By Industry
12.5 Asia Pacific Industrial Control & Factory Automation Market Size and Forecast, By End-User
12.6 Asia Pacific Industrial Control & Factory Automation Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Industrial Control & Factory Automation Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Industrial Control & Factory Automation Market Share Analysis, By Component
13.3 Latin America Industrial Control & Factory Automation Market Size and Forecast, By Solution
13.4 Latin America Industrial Control & Factory Automation Market Size and Forecast, By Industry
13.5 Latin America Industrial Control & Factory Automation Market Size and Forecast, By End-User
13.6 Latin America Industrial Control & Factory Automation Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Industrial Control & Factory Automation Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Industrial Control & Factory Automation Market Share Analysis, By Component
14.3 Middle East Industrial Control & Factory Automation Market Size and Forecast, By Solution
14.4 Middle East Industrial Control & Factory Automation Market Size and Forecast, By Industry
14.5 Middle East Industrial Control & Factory Automation Market Size and Forecast, By End-User
14.6 Middle East Industrial Control & Factory Automation Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Honeywell
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 ABB
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Schneider Electric
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Siemens
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Rockwell Automation
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Emerson
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Mitsubishi Electric Corporation
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 General Electric
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Yokogawa
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Endress+Hauser
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
