Industrial Control & Factory Automation Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

  • Single User License $3500

Industrial Control & Factory Automation Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

Status : September, 2022 | Industrial

Report Digest

Industrial Control & Factory Automation Market: Overview

The rapid rate of industrialization and the advent of emerging technologies such as artificial intelligence and the internet of things are projected as the key drivers of the global industrial control and factory automation market. The growing need for mass production manufacturing and the increasing number of connected enterprises are also adding a boost to the overall growth of this market.

The global industrial control and factory automation market is classified based on component, solution, industry, and region. In terms of components, the market is divided into industrial robots, industrial sensors, machine vision systems, industrial 3D printers, field instruments, vibration monitoring, process analyzers, human-machine interface, machine vision systems, and industrial PC. Based on the solution, the market is grouped into industrial safety, MES, PLC, SCADA, DCS, and PAM. As per segmentation by industry, the market is bifurcated into discrete industries and process industries, each of which is further segmented. Based on process industries, the industry segment is categorized into food & beverages, pulp & paper, metals, & mining, energy & power, chemicals, pharmaceuticals, and oil & gas. Again, the discrete industries segment is further classified into medical devices, machine manufacturing, semiconductor & electronics, automotive, aerospace & defense, automotive, and others that include solar panel manufacturing, jewelry, consumer electronics & consumer goods, packaging, and printing.

The report offers a 360-degree overview of the global industrial control and factory automation market and emphasizes the prime growth parameters such as drivers, restraints, challenges, and growth opportunities. It further highlights the table of segmentation and mentions the names of the leading segment. Additionally, the report discusses the impact of the novel COVID19 pandemic on this market and how can manufacturers adopt various strategies to gain as much revenue as possible despite the stringent regulations imposed during this time. The report further talks about the key trends and innovations introduced to the market and how are manufacturers gaining from them.

Industrial Control & Factory Automation Market: Company Analysis

Top players are investing in the production and launch of the latest factory automation technologies to maintain their position in the market. Besides this, some players are also focusing on improving their planning, assessment, third-party support, and remote services to make their mark in the overall market.

List of manufacturers in the global industrial control and factory automation market include:

  • Endress + Hauser AG,
  • General Electric
  • Schneider Electric SE
  • Mitsubishi Electric Corp.
  • Yokogawa Electric CORP.
  • Honeywell International Inc.
  • ABB Ltd.
  • Emerson Electric
  • Rockwell Automation
  • Siemens AG
  • Honeywell International Inc.
  • Others

Industrial Control & Factory Automation Market: Notable Developments

  • NASA started the implementation and utilization of fused deposition modeling or FDM technology for printing prototypes in 3D to test the fit, form, and functioning of parts, thereby ensuring the best possible designs for machined parts before getting committed to expensive equipment.

Industrial Control & Factory Automation Market: Growth Boosters

Industrial assembling includes various cycles that can be perilous to people. Deadly mishaps can happen during the assembling interaction inferable from human mistakes or mechanical disappointments. Consequently, it is basic for the assembling business to embrace wellbeing measures to keep away from such episodes at the working environment. Security consistence automation items help in lessening the danger of mishaps. For example, security automation instruments ready administrators during crises and make certain modified moves to lessen their effect on living souls. They recognize glitches in various machines and cycles and run diagnostics to concoct the arrangements at the soonest. Therefore, the implementation of such devices is important and emerges as the key growth drivers for this market.

Industrial Control & Factory Automation Market: Regional Insights

Regionwise, Asia Pacific will emerge dominant on account of the growing population, increasing adoption of eco-friendly or green buildings, and the rise in need to regulate emergy-efficient practices across the industrial and commercial sectors of the developing economies such as India, China, and others.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?