Global Industrial Automation Market Segmentation, Challenges, Restraints, Revenue, Recent Developments, Stakeholders and Forecast Research 2029

[akash Arjun pingale]

Global Industrial Automation Market: was valued at USD 133.10 Billion in 2021, and it is expected to reach USD 217.2 Billion by 2029, exhibiting a CAGR of 8.5 % during the forecast period (2022-2029)

Global Industrial Automation Market Overview: 

The purpose of this research is to provide a detailed analysis of the Global Industrial Automation Market by segment and geography. The report goes into great detail about the primary factors influencing the Global Industrial Automation market's growth. The research also includes a comprehensive assessment of the market's value chain.

Global Industrial Automation Market Dynamic: 

Industrial automation technologies enable firms to access plant floor data in real time, allowing them to consolidate corporate data and multi-plant operations. This feature is expected to accelerate the growth of the industrial automation market. For example, HMI allows manufacturers to carefully monitor manufacturing processes and act quickly to changing production demands, improving operational efficiency and decreasing unplanned downtime, and therefore providing greater visibility. Predictive maintenance and asset management systems provide user insight into the state of equipment by monitoring factors such as temperature, current, voltage, speed, vibration, and location. It also predicts when components are likely to break, allowing action to be taken, enhancing efficiency. As a result, unplanned downtime and production waste may be eliminated.

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Market Scope:

To get the final quantitative and qualitative data, all possible components influencing the markets covered by this research study were studied, thoroughly researched, validated by primary research, and evaluated. Market size is predicted for top-level markets and sub-segments, and the influence of inflation, economic downturns, regulatory and policy changes, and other variables is taken into account when estimating market size. This data is collated and presented in this study, together with comprehensive contributions and analysis from companies.

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

Global Industrial Automation Market Segmentation: 

By Components, the Industrial sensors segment is expected to hold largest share of industrial automation components market in the middle east & africa during forecast period. The increased adoption of Industry 4.0 and IIoT, as well as the growth of the wireless sensor market, are driving the growth of the industrial sensors segment. Industrial sensors are widely utilised in the manufacturing industry, primarily to improve connection across diverse activities. Manufacturers all across the world have begun to integrate sensors for gathering real-time data from multiple data points. Sensors as an important component of predictive maintenance solutions are expected to see rapid growth in demand in the coming years, as predictive maintenance is expected to offer lucrative opportunities through sensor data capture in the coming years.

By Industry, the semiconductor industries are the only end-users, which maintained or increased demand for collaborations in 2021, mainly in the Asian market. Automotive and electronics accounted for nearly 62% of robotics revenues in 2021 but automotive continues to be weak and the sector will not surpass 2019 levels of demand for robotic solutions until 2022. Electronics segement is expected to recover slightly than automotive, having shown good signs of recovery in 2020, again especially in the Asian markets.

Global Industrial Automation Market Key Players: 

• ABB Ltd.
• Honeywell International Inc.
• FANUC Corporation
• Yaskawa Electric Corporation
• Toshiba Machine Corporation Ltd.
• Yokogawa Electric Corporation
• Emerson Electric Company
• General Electric Company
• Rockwell Automation, Inc.
• Mitsubishi Electric Corporation
• Voith GmbH
• GE Company
• Honeywell International Incorporation
• Omron Corporation
• Schneider Electric SA
• Siemens AG
• Kuka AG
• Keyence Corporation
• Fanuc Corporation
• Bosch Rexroth
• Fuji Electric Co., Ltd.
• Endress+Hauser AG
• Hitachi Ltd.
• Yaskawa Electric Corporation
• Danaher Corporation
• NI
• Ropoer Technologies
• Phoenix Contact
• AVEV

Market leaders are identified through primary and secondary research, and market revenue is calculated by primary and secondary research. Primary research included in-depth interviews with important thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing managers, while secondary research included an analysis of the top manufacturers' quarterly and financial performance. Secondary data is used to establish worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then cross-checked against primary data.

The major players covered in the Global Industrial Automation market report are

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Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Global Industrial Automation Market:

The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Global Industrial Automation market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the Global Industrial Automation industry's firms and associations.

Key Questions Answered in the Global Industrial Automation Market Report are: 

• Which segment grabbed the largest share in the Global Industrial Automation market?
• What was the competitive scenario of the Global Industrial Automation market in 2021?
• Which are the key factors responsible for the Global Industrial Automation market growth?
• Which region held the maximum share in the Global Industrial Automation market in 2021?

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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