The global market for Industrial Controls and Factory Automation is estimated at US$194.3 Billion in 2023 and is projected to reach US$308.9 Billion by 2030, growing at a CAGR of 6.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the industrial controls and factory automation market is driven by several factors. The need for enhanced productivity and efficiency in manufacturing processes is a primary driver, pushing companies to invest in automation technologies. Technological advancements that improve the functionality and integration of automation systems are also critical, as they enhance the capabilities of industrial facilities. The increasing focus on data-driven manufacturing and the integration of IoT devices propel the demand for sophisticated control systems that can manage and analyze large volumes of data to optimize operations.
Additionally, the growing trend towards smart factories and Industry 4.0 concepts, which emphasize connectivity and automation, fuels the expansion of this market. These factors, combined with the global push for manufacturing resilience and supply chain stability, ensure the continued growth and evolution of industrial controls and factory automation systems.
The growth in the industrial controls and factory automation market is driven by several factors. The need for enhanced productivity and efficiency in manufacturing processes is a primary driver, pushing companies to invest in automation technologies. Technological advancements that improve the functionality and integration of automation systems are also critical, as they enhance the capabilities of industrial facilities. The increasing focus on data-driven manufacturing and the integration of IoT devices propel the demand for sophisticated control systems that can manage and analyze large volumes of data to optimize operations.
Additionally, the growing trend towards smart factories and Industry 4.0 concepts, which emphasize connectivity and automation, fuels the expansion of this market. These factors, combined with the global push for manufacturing resilience and supply chain stability, ensure the continued growth and evolution of industrial controls and factory automation systems.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Industrial Sensors segment, which is expected to reach US$82.7 Billion by 2030 with a CAGR of a 7.5%. The Industrial Robots segment is also set to grow at 7.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $53.3 Billion in 2023, and China, forecasted to grow at an impressive 6.3% CAGR to reach $47.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Industrial Controls and Factory Automation Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Controls and Factory Automation Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Industrial Controls and Factory Automation Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 3D Systems, Inc., ABB Group, Azbil Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 17 Featured):
- 3D Systems, Inc.
- ABB Group
- Azbil Corporation
- Chaos Prime
- Danfoss A/S
- Dwyer Instruments, Inc.
- Emersion Electric Co.
- Endress+Hauser AG
- FANUC Corporation
- Fuji Electric Co., Ltd.
- General Electric Company
- Hewlett Packard Enterprise Development LP (HPE)
- Hitachi Ltd.
- Honeywell International, Inc.
- KROHNE Messtechnik GmbH
- Mitsubishi Electric Corporation
- OMRON Corporation (Industrial Automation)
- PINpoint Information Systems, Inc.
- Progea Srl
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- Stratasys Inc.
- Tegan Innovations Ltd.
- Vega Grieshaber KG
- WIKA Alexander Wiegand SE & Co. KG
- WIN-911 Software Ltd.
- Yokogawa Electric Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3D Systems, Inc.
- ABB Group
- Azbil Corporation
- Chaos Prime
- Danfoss A/S
- Dwyer Instruments, Inc.
- Emersion Electric Co.
- Endress+Hauser AG
- FANUC Corporation
- Fuji Electric Co., Ltd.
- General Electric Company
- Hewlett Packard Enterprise Development LP (HPE)
- Hitachi Ltd.
- Honeywell International, Inc.
- KROHNE Messtechnik GmbH
- Mitsubishi Electric Corporation
- OMRON Corporation (Industrial Automation)
- PINpoint Information Systems, Inc.
- Progea Srl
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- Stratasys Inc.
- Tegan Innovations Ltd.
- Vega Grieshaber KG
- WIKA Alexander Wiegand SE & Co. KG
- WIN-911 Software Ltd.
- Yokogawa Electric Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | October 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 194.3 Billion |
| Forecasted Market Value ( USD | $ 308.9 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
