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Industrial Automation Products Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

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Industrial Automation Products Market
-Global Industrial Automation Products Market is Expected to Reach $XX Billion by 2026
The global industrial automation products market is expected to reach XX billion by 2026, at a CAGR of XX% during the forecast period from 2019 to 2026.

The industrial automation products market is fragmented with the presence of several large and small players. The key players in the market are ABB Ltd. (Switzerland), Siemens AG (Germany), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Honeywell International, Inc. (US), Omron Corporation (Japan), Yokogawa Electric Corporation (Japan), General Electric Company (US), and Mitsubishi Electric Corporation (Japan).

The industrial automation products market is expected to grow owing to the increasing adoption of Industry 4.0 and the increasing demand for connected devices and systems. Industry 4.0 is the fourth industrial revolution that is characterized by the integration of advanced technologies, such as the Internet of Things (IoT), big data, and cloud computing, into the manufacturing process.

The need for reducing the time-to-market and the need for increasing the flexibility of manufacturing processes are the key factors driving the growth of the industrial automation products market. The increasing adoption of robotics in the manufacturing process is another factor driving the growth of the market.

The automotive industry is one of the major end-users of industrial automation products. The automotive industry is undergoing a transition with the increasing adoption of electric vehicles. The automotive industry is also focusing on the development of autonomous vehicles. These factors are expected to drive the growth of the industrial automation products market in the automotive industry.

The Asia-Pacific region is expected to be the largest market for industrial automation products during the forecast period. The growth of the market in the region is driven by the increasing demand from the automotive and electronics industries. The growing population and the increasing disposable income are also driving the growth of the market in the region. The market in North America and Europe is expected to grow at a moderate rate during the forecast period.

The industrial automation products market is expected to be restrained by the high cost of implementation and the lack of skilled labor. The industrial automation products market is segmented by type, component, industry

-Global Industrial Automation Products Market is segmented by product type, application, and geography
The global industrial automation products market is segmented by product type, application, and geography. The product types include sensors, controllers, actuators, and other products. The applications include automotive, food & beverage, pharmaceuticals, oil & gas, and other applications. The market is further segmented by geography into North America, Europe, Asia-Pacific, and the Rest of the World.

The global industrial automation products market was valued at $XX million in 2016, and is expected to reach $XX million by 2023, growing at a CAGR of XX% during the forecast period. The sensors segment is expected to hold the largest market share during the forecast period.

Automation is the use of machines, control systems, and information technologies to minimize the need for human intervention in the production and operation of industrial processes. Industrial automation products are used in various industries to increase productivity, improve quality, and reduce costs.

The global industrial automation products market is driven by the increasing demand for efficient and cost-effective production, the growing adoption of Industry 4.0, and the increasing demand for safety and security in industrial applications. However, the high cost of automation products and the lack of skilled labor are the major factors restraining the growth of the market.

The key players in the global industrial automation products market include ABB Ltd., Siemens AG, Honeywell International Inc., Schneider Electric SE, Rockwell Automation Inc., Omron Corporation, Yokogawa Electric Corporation, and Mitsubishi Electric Corporation.

This report segments the global industrial automation products market as follows:

Global Industrial Automation Products Market – By Product Type

Sensors

Controllers

Actuators

Others

Global Industrial Automation Products Market – By Application

Automotive

Food & Beverage

Pharmaceuticals

Oil & Gas

Others

Global Industrial Automation Products Market – By Geography

North America

Europe

Asia-Pacific

Rest of the World

Key Points:

The global industrial automation products market was valued at $XX million in 2016 and is expected to reach $XX million by 2023, growing at a CAGR of XX%

-The market for industrial automation products is driven by the need for increased efficiency and productivity
The market for industrial automation products is driven by the need for increased efficiency and productivity. This is especially true in the manufacturing sector, where companies are constantly looking for ways to improve their bottom line. In addition, the automotive industry is another major user of industrial automation products, as the need for increased efficiency and productivity is also very important in this sector.

-The Asia-Pacific region is the largest market for industrial automation products, followed by North America and Europe
The Asia-Pacific region is the largest market for industrial automation products, followed by North America and Europe. This is primarily due to the large industrial base in the region. Asia-Pacific is also the fastest growing market for industrial automation products, due to the increasing demand from the automotive, food & beverage, and chemical industries.

The automotive industry is the largest end-user of industrial automation products in the Asia-Pacific region. The region has a large number of automotive manufacturing plants, which are investing in automation to improve efficiency and productivity. The food & beverage industry is another major end-user of industrial automation products in the Asia-Pacific region. The region has a large number of food & beverage manufacturing plants, which are investing in automation to improve efficiency and productivity. The chemical industry is another major end-user of industrial automation products in the Asia-Pacific region. The region has a large number of chemical manufacturing plants, which are investing in automation to improve efficiency and productivity.

-The key players in the global industrial automation products market include ABB Ltd., Siemens AG, Rockwell Automation, Inc.,
The key players in the global industrial automation products market include ABB Ltd, Siemens AG, Rockwell Automation Inc. These companies have been at the forefront of the industrial automation products market and have been consistently innovating and investing in research and development to create better products.

ABB Ltd is a leading provider of industrial automation products and solutions. The company has a strong global presence and offers a wide range of products, including controllers, drives, motors, robots, and software. ABB also offers complete solutions for various industries, including oil and gas, food and beverage, automotive, and pharmaceuticals.

Siemens AG is another leading player in the industrial automation products market. The company offers a wide range of products, including controllers, drives, motors, sensors, and software. Siemens also offers complete solutions for various industries, including oil and gas, food and beverage, automotive, and pharmaceuticals.

Rockwell Automation Inc is a leading provider of industrial automation products and solutions. The company offers a wide range of products, including controllers, drives, motors, and software. Rockwell also offers complete solutions for various industries, including oil and gas, food and beverage, automotive, and pharmaceuticals.

Key Players Covered:

 

ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, Kawasaki Heavy Industries, Ltd, Kuka AG, Keyence Corporation, Fanuc Corporation, Bosch Rexroth, Fuji Electric Co., Ltd., Endress+Hauser AG, Hitachi Ltd., among others.

 

Segmentation

 

 ATTRIBUTE

 

  DETAILS
 

By Products

 

 

    • Sensors
    • Drives
    • Switches & Relays
    • Controller
    • Industrial Robots
    • Others

 

 

 

By Solutions

 

 

    • Distributed Control System (DCS)
    • Supervisory Control and Data Acquisition System (SCADA)
    • Manufacturing Execution System (MES)
    • Safety Instrumented System (SIS)
    • Programmable Logic Controller (PLC)
    • Human Machine Interface (HMI
    • Others
 

By Industry

 

 

    • Aerospace & Defense
    • Automotive
    • Chemical
    • Energy & Utilities
    • Food & Beverage
    • Healthcare
    • Manufacturing
    • Mining & Metal
    • Oil & Gas
    • Transportation
    • Others

 

 

 

By Geography

 

 

    • North America (the United States, Canada, and Mexico)
    • South America (Brazil, Argentina, and Rest of South America)
    • Europe (the U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)
    • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)
    • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

 

 

 

 

By Products

 

 

    • Sensors
    • Drives
    • Switches & Relays
    • Controller
    • Industrial Robots
    • Others

 

 

 

By Solutions

 

 

    • Distributed Control System (DCS)
    • Supervisory Control and Data Acquisition System (SCADA)
    • Manufacturing Execution System (MES)
    • Safety Instrumented System (SIS)
    • Programmable Logic Controller (PLC)
    • Human Machine Interface (HMI
    • Others
 

By Industry

 

 

    • Aerospace & Defense
    • Automotive
    • Chemical
    • Energy & Utilities
    • Food & Beverage
    • Healthcare
    • Manufacturing
    • Mining & Metal
    • Oil & Gas
    • Transportation
    • Others

 

 

ABB Ltd., Emerson Electric Co., General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, Kawasaki Heavy Industries, Ltd, Kuka AG, Keyence Corporation, Fanuc Corporation, Bosch Rexroth, Fuji Electric Co., Ltd., Endress+Hauser AG, Hitachi Ltd., among others.

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