Overview and Scope
Automation and control refer to the use of technology and systems to monitor and manage the production and delivery of products and services with minimal or no human intervention. Automation involves the use of various equipment and control systems, on the other hand, control involves the use of technology to regulate and manage the operation of machines and systems to achieve desired outcomes.
Sizing and Forecast
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).
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Segmentation & Regional Insights
The automation and controls market covered in this report is 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
Asia-Pacific was the largest region in the automation and controls market in 2023. The regions covered in the automation and controls market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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. For instance, in October 2022, according to the International Federation of Robotics, a Germany-based non-profit organization focused on promoting robotics, factories worldwide installed 517,385 new industrial robots in 2021. This marks a 31% increase from the previous year. Therefore, the surge in demand for industrial automation is driving the growth of the automation and control market.
Key Industry Players
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
The automation and controls market report table of contents includes:
1. Executive Summary
2. Automation And Controls Market Characteristics
3. Automation And Controls Market Trends And Strategies
4. Automation And Controls Market – Macro Economic Scenario
5. Global Automation And Controls Market Size and Growth
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32. Global Automation And Controls Market Competitive Benchmarking
33. Global Automation And Controls Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automation And Controls Market
35. Automation And Controls Market Future Outlook and Potential Analysis
36. Appendix
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