Overview and Scope
Discrete automation refers the use of automated systems to control specific processes or tasks in manufacturing, industrial, or other operational environments. These systems are designed to perform tasks with more accuracy, speed, and dependability, resulting in increased efficiency, productivity, and quality in manufacturing and other industrial operations.
Sizing and Forecast
The discrete automation market size has grown strongly in recent years. It will grow from $5.57 billion in 2023 to $5.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing complexity of manufacturing processes, need for operational efficiency, regulatory compliance requirements, increasing labor costs, demand for quality and precision.
The discrete automation market size is expected to see strong growth in the next few years. It will grow to $7.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to adoption of industry 4.0 technologies, focus on flexible and agile manufacturing, emergence of edge computing solutions, emphasis on sustainability and energy efficiency, expansion of internet of things (IoT) applications. Major trends in the forecast period include rise of digital twins in manufacturing, increased use of cloud-based automation platforms, expansion of predictive maintenance solutions, development of autonomous manufacturing systems, surge in demand for cybersecurity solutions in automation.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/discrete-automation-global-market-report
Segmentation & Regional Insights
The discrete automation market covered in this report is segmented –
1) By Type: Product Lifecycle Management (PLM), Manufacturing Execution System (MES), Programmable Logic Controllers (PLC), Distributed Control System (DCS), Other Types
2) By Component: Solutions, Services
3) By Application: Packaging, Automotive, Textile, Aerospace And Defense, Food Processing, Other Applications
Asia-Pacific was the largest region in the discrete automation market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the discrete automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14332&type=smp
Major Driver Impacting Market Growth
The increasing demand for efficient manufacturing is expected to propel the growth of the discrete automation market going forward. Efficient manufacturing refers to the ability to produce goods with the lowest possible total cost while minimizing waste of materials, time, and energy and increasing the effectiveness and quality of the work done. Rising labor costs, fluctuating raw material prices, and escalating energy expenses compel manufacturers to seek methods for process optimization and cost reduction, thereby driving the pursuit of efficient manufacturing practices. Discrete automation technologies, including robotics, PLCs (programmable logic controllers), and conveyor systems, streamline production processes by enabling automated assembly lines to operate continuously at consistent speeds, thus enhancing productivity and reducing cycle times. For instance, in September 2023, according to a publication by the International Federation of Robotics (IFR), a Germany-based non-profit organization, industrial robot installations reached a new record level of 553,052 units in 2022, marking a 5% increase from the previous year’s high of 526,144 units installed in 2021. Therefore, the increasing demand for efficient manufacturing is driving the growth of the discrete automation market.
Key Industry Players
Major companies operating in the discrete automation market are Hitachi Ltd., Siemens AG, Cisco Systems Inc., Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., Invensys plc (Schneider Electric Co.), Toshiba Corporation, Eaton Corporation plc, Texas Instruments Incorporated, Emerson Electric Co., GE Grid Solutions, ANDRITZ GROUP, Rockwell Automation Inc., Omron Corporation, Valmet Oyj, Azbil Corporation, Ingeteam, Chongqing Chuanyi Automation Co. Ltd., HollySys Automation Technologies, Nanjing Sciyon Automation Group Co. Ltd., Beijing consen Technology Co. Ltd., Shanghai Automation Instrumentation Co. Ltd., Yokogawa Electric Corporation, ZAT Company, SUPCON Technology Co. Ltd., Shanghai Xin Hua Control Technology (Group) Co. Ltd., Nanjing Delto Technology
The discrete automation market report table of contents includes:
1. Executive Summary
2. Discrete Automation Market Characteristics
3. Discrete Automation Market Trends And Strategies
4. Discrete Automation Market – Macro Economic Scenario
5. Global Discrete Automation Market Size and Growth
…..
32. Global Discrete Automation Market Competitive Benchmarking
33. Global Discrete Automation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Discrete Automation Market
35. Discrete Automation Market Future Outlook and Potential Analysis
36. Appendix
Explore the trending research reports from TBRC:
https://www.thebusinessresearchcompany.com/report/digital-process-automation-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The regulatory compliance management software global market report 2024from The Business Research Company provides comprehensive…
The programming language global market report 2024from The Business Research Company provides comprehensive market statistics,…
The oral transmucosal drugs global market report 2024from The Business Research Company provides comprehensive market…
The morphine drugs global market report 2024from The Business Research Company provides comprehensive market statistics,…
Market Size - The melatonin supplements market size has grown rapidly in recent years. It will…
Market Size - The specimen validity testing market size has grown strongly in recent years. It…