Unveiling the Future: Industrial Automation Market to USD 162 BILLION IN 2023, Forecast by 2030, Featuring a CAGR of 10.8% – MarkNtel Advisors

Prominent Features of the Industrial Automation Market Report for 2030

MarkNtel Advisors has recently published a research report titled Industrial Automation Market for the forecast year, 2024-30. MarkNtel Advisors is a prominent provider of market research and business intelligence solutions. Our extensive range of reports and services caters to the needs of businesses, investors, and professionals seeking informed decision-making in dynamic and competitive markets.

Insights into the Industrial Automation Market

According to the analysis conducted by MarkNtel Advisors, The Global Industrial Automation Market size was valued at around USD 162 billion in 2023 & is estimated to grow at a CAGR of about 10.8% during the forecast period, i.e., 2024–30. Industrial Automation Market. In the midst of rapid transformations within the Industrial Automation market, it is imperative for businesses and investors to maintain a strategic advantage. Our report provides an in-depth examination of key market players, potential opportunities, and valuable insights, equipping our clients with the necessary information to make well-informed decisions amidst this dynamic environment.

Free Sample Report + All Related Graphs & Charts – https://www.marknteladvisors.com/query/request-sample/global-industrial-automation-market.html

Market Dynamics

Global Industrial Automation Market Driver: Increasing Implementation of Industrial IoT to Boost Market Value

The significance of IoT in industrial automation is boosting the market size worldwide as it facilitates the development and optimization of efficient, economical, and adaptable system frameworks. The integration of Industrial IoT (IIoT) solutions enables connectivity between industrial resources for swift transparency and heightened efficiency. IIoT in conjunction with edge computing simplifies device management throughout its lifecycle across manufacturing processes.

Several companies are implementing their own industrial IoT technology to enhance their efficiency, productivity, and overall performance. One such instance is Siemens, which developed its own industrial IoT offerings, such as MindSphere, Mendix, and IndustrialEdge that rely on automation technologies for insights derived from industrial data.  Hence, organizations implement these technologies to streamline their operations while enhancing customer satisfaction. Consequently, there is a projected market growth trajectory due to the widespread adoption and implementation of IIoT within various industries.

Lucrative Segments in the Industrial Automation Market

Clients seeking to enhance their returns in this market must make informed decisions. Keeping this in mind, our analysis examines potential investment hubs by considering projected demand, anticipated returns, profit margins, and market stability.

The Industrial Automation Market is highly fragmented and bifurcates into the following segmentations:

By Component

-Field Devices

–Industrial Robots

–Human Machine Interface (HMI)

–Control Valves

–Sensors

-Industrial 3D Printing

–Others (Machine Vision, Fields Instruments, etc.)

-Industrial Control Systems

–Supervisory Control and Data Acquisition (SCADA)

–Programmable Logic Controller (PLC)

–Distributed Control System (DCS)

–Manufacturing Execution System (MES)

–Product Lifecycle Management (PLM)

–Others (Industrial Safety, Plant Asset Management (PAM), etc.)

  • During 2024-30, the Industrial Robots segment is projected to claim the top spot in the Industrial Automation Market, holding the largest market share.

By Level of Automation

-Semi-automatic

-Fully Automatic

By End User

-Automotive

-Mining

-Water & Wastewater Management

-Electronic & Semiconductors

-Energy & Power

-Food & Beverages

-Oil & Gas

-Others (Pharmaceuticals, Chemicals, etc.)

Curious about this latest version of the report? Obtain Report Details – https://www.marknteladvisors.com/research-library/global-industrial-automation-market.html            

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 global industrial automation market.

Competitive Landscape of Industrial Automation Market

The key players profiled in the research report are 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, Fanuc Corporation, WIKA Gmbh, Stratasys, 3D Systems Corp., and Others, We at MarkNtel Advisors, diligently identify and analyze each and every prominent player, including their new product launch, merger in recent years, acquisitions, and collaborations if any. This aids our clients in making better projections and staying competitive in the market.

Customization Services 

MarkNtel Advisors offer customization services on reports to the stakeholders & investors, covering all the relevant aspects required in a comprehensive, unbiased, accurate, & reliable manner. It aims principally to enable the players to curate all the fundamentals underlying the market potential in the future & make informed decisions & strategies.

Frequently Asked Questions

  1. What is the projections in CAGR for the forecast period?
  2. What trends are currently on the rise in the Industrial Automation Market?
  3. How can companies leverage opportunities present in the Industrial Automation Market?
  4. What regulatory factors are shaping the landscape of the Industrial Automation Market?
  5. In what ways has technology impacted the Industrial Automation Market environment?
About Us

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 15 diverse industrial verticals.

Reach us:

Call: +1 628 895 8081, +91 120 4278433

Email: sales@marknteladvisors.com

Visit to know more:  www.marknteladvisors.com

Leave a Reply

Your email address will not be published. Required fields are marked *