PUBLISHER: TechNavio | PRODUCT CODE: 1762870
PUBLISHER: TechNavio | PRODUCT CODE: 1762870
The industrial automation control market is forecasted to grow by USD 160 bn during 2024-2029, accelerating at a CAGR of 12.3% during the forecast period. The report on the industrial automation control market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need for simplification of complex manufacturing activities, increasing focus on smart factories, and changing market dynamics.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 10.7% |
CAGR | 12.3% |
Incremental Value | $160 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's industrial automation control market is segmented as below:
By Product
By End-user
By Component
By Geographical Landscape
This study identifies the increasing need for open platform architecture for automation software as one of the prime reasons driving the industrial automation control market growth during the next few years. Also, virtualization of automation control systems and value chain integration by automation solution providers will lead to sizable demand in the market.
The report on the industrial automation control market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial automation control market vendors that include ABB Ltd., Beckhoff Automation, Bosch Rexroth AG, Eaton Corp. plc, Electrical4U, Emerson Electric Co., Endress Hauser Group Services AG, Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., Industrial Automation Control, Keyence India Pvt. Ltd., Novo Nordisk AS, OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Yokogawa Electric Corp.. Also, the industrial automation control market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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