In 2021, the Global Industrial Automation
Market’s size was valued at USD 179.3 billion and is estimated to reach USD 320.1
billion by 2028 and is expected to be growing at a CAGR of 9.93 % throughout
the forecast period. In this report, 2021 has been taken as the base year while
2020 is the historical year. The forecast year for the report is 2028 to
approximate the size of the market for Industrial Automation.
Icon Market Research’s report on Industrial
Automation studies the past and current opportunities of growth and trends to
get a clear picture of the growth indicators of the market for the forecast
period 2021 to 2028. The report also offers the revenue generated by the Industrial
Automation market considering 2020 as the historical year, 2021 as the base
year, and 2028 as the forecast year. The report also consists of the compound annual
growth rate (CAGR) for the Industrial Automation market over the forecast
period.
Methodology
The methods used for collecting
information for the report involve 4 main activities. These activities help in
estimating the current size of the Industrial Automation market. Thorough
secondary research was conducted to collect information on the Industrial
Automation market, such as new technologies coming into the market, and
components connected with this market. Then the collected information was
validated with experts from the Manufacturing and Construction industry across
all the value chains through primary researches. Both top-down and bottom-up
approaches were used for estimating the market size.
The secondary research includes
collecting data from sources such as government publications such as
country-level Manufacturing and Construction associations and organizations,
World Bank, Eurostat, Organization for Economic Co-operation and Development
(OECD), and CDC; regulatory and corporate filings such as SEC filings, annual
reports, investor presentations, and business magazines, financial statements,
press releases, and research journals, free and paid manufacturing and
construction databases and trade, business, and professional associations. The
secondary data collected was then analyzed to predict the overall size of the
market which was later validated with primary research.
Thorough primary research was done
after getting a clear picture of the Industrial Automation market through
secondary research. Many market experts were interviewed for the primary research
from both the supply-side players and demand-side players and across four major
regions, namely, Europe, North America, Asia Oceania, and the Rest of the
World. Apart from the interviews, primary data was collected through mails,
questionnaires, and telephonic interviews.
Overview of
Report
The Industrial Automation market report provides
information and statistics on market shares, size, restraining factors, and
driving factors for the forecast period 2021 to 2028. It also mentions the role
of main market players in the manufacturing and
construction industry. The
report on Industrial Automation market evaluates the value of the market
report, keeping in mind the application and regional segments, market share,
and size while forecasting the market for each product type and application of
the Industrial Automation market in different segments of the report. The
research report also mentions some sections of the Industrial Automation market
including opportunities, growth, trend, size, demand, and technology used by
prominent players of the market. Then, it gives detailed profiles of the key
players as a part of the competitive landscape of the Industrial Automation
market.
The study of the
report divides it into several sub-segments and represents the whole manufacturing
and construction industry. An estimation of the revenue generated by the entire
manufacturing and construction industry and its sub-segments are also provided
in the report. It decides the factors that affect the demand of the manufacturing
and construction industry rapidly, including methods of development, growth
networks, and the product model. The report also points out the greatest
prospects for the growth of the manufacturing and construction market such as
forecasting the growth of the market, the launch of new goods, and analysis of
the product demand, purchase decisions, several economic factors that are
important to determine the trend of Industrial Automation market, and the
attractiveness of the market. The report on the Industrial Automation market
will help in assisting the stakeholders in identifying high-potential
customers, such as distributors and manufacturers.
Growth Mapping
The main aim of the
Industrial Automation report is to give the map of the growth for the Industrial
Automation market that will help in providing the clients with the required
information for the formulation strategies to meet their respective business
goals. The report also provides deep knowledge of the Industrial Automation for
the previous year as well as for the forecast years and what the CAGR level of
the market is going to be. This report is a synopsis of what the market
conditions are going to be while also giving information regarding the market’s
definition, classifications, applications, and engagements are. This report
also aims to analyze the Industrial Automation market’s developments including
the market improvement, market position, and others which are usually done by
the prominent players and brands of the manufacturing and construction industry.
This report also consists of all the market drivers and restraints which are
obtained through SWOT analysis. The report also has the CAGR values of the Industrial
Automation market for the base years 2021, the historic year 2020, and forecast
years 2021-2028.
Regional
Analysis
The Industrial Automation market report provides a study for more than 20 countries and their market players The report covers a regional and country-level analysis that covers North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. The market is deeply analyzed for each region, which helps in identifying the market trends for each region, growth opportunities, and restraining factors.
For the forecast year 2021-2028,
it has been estimated that China/ United states will the dominating market for Industrial
Automation. This region is
expected to see growth in the manufacturing and construction industry because of the increasing
population, increase in per capita income, and improvement in living standards.
There has been an increase in demand for comfort features and accelerates the
growth of the Industrial Automation market. The construction is the
process of constructing while manufacturing is the action of the verb to
manufacture. The other factors which are driving the growth of the Industrial
Automation market include the development of marketing analytics tools and
firmly established existing players in the market. In addition to this,
government agencies, companies, third-party administrators, etc. are
channelizing their efforts to make customer-centric manufacturing and
construction products which will also contribute to the growth of the Industrial
Automation market in this region. Rising demand for barns and agricultural or
industrial buildings and even bridges, increased investment by the government,
new and advanced technology, and machinery, along with the improved marketing
tactics will likely cause the Industrial Automation market to grow
substantially.
The Asia Pacific market is estimated to grow at the highest CAGR during
the forecast period (2021-2028). This growth is driven by the increasing
research activities, growing demand for manufacturing and construction, and an increasing number of initiatives by market
players for expanding their presence in the APAC, and higher adoption of Industrial
Automation in several APAC countries. Improvements in GDP per capita and
infrastructure development have urbanized the region to a greater extent turning
rural areas into urban areas. The sudden surge in the demand has caused the
cities to fall into unsustainable consumption models. The top key players in
the Industrial Automation market are located in the region. China and India are expected to
offer significant growth opportunities for players operating in the Industrial
Automation market, owing to the growing support from government bodies,
increasing demand for new manufacturing and construction technology with special features,
and the presence of less-stringent regulations and data requirements (as
compared to developed countries) in their respective healthcare systems.
Competitive
Landscape
The report provides a competitive
landscape on both the quantitative as well as qualitative research of Industrial
Automation market. The report also provides detailed insights on the
development methods used by the key market players. The report offers deep
research on the key market players and details on the competitiveness of these
players. The main business strategies used by these players such as mergers and
acquisitions (M&A), collaborations, affiliations, and contracts are also
and analyzed in the report. For each competitor, the report studies their
global presence, service offerings, competitors, and specification. The main
players covered by the study on the global Industrial Automation market are: ABB,
Rockwell Automation, Inc., Siemens, Emerson Electric Co., Schneider Electric,
GENERAL ELECTRIC, Honeywell International Inc., Yokogawa Electric Corporation,
Mitsubishi Electric Corporation, and AMETEK, Inc.
The Report
Provides Insights on The Following Pointers:
●
It gives a forecast analysis of
factors that are driving or restraining the development of the Industrial
Automation market.
●
The report gives a seven-year
forecast value evaluated on the basis of the current market performance of the
manufacturing and construction industry.
●
It helps in understanding the main
segments of the products and their future.
●
The report gives a deep analysis
of changing competition in the market which keeps you ahead of your
competitors.
●
The report gives the market definition of the Industrial Automation
market along with the analysis of different factors influencing the market such
as drivers, opportunities, and restraints.
The Report Answers Questions Such As:
●
What is the potential opportunity for the Industrial Automation
market?
●
What are the major drivers, restraints, and opportunities of the Industrial
Automation market?
●
What is the market share of the leading segments and sub-segments
of the Industrial Automation market in the forecast period (2021-2028)?
●
How did the Industrial Automation market evolve?
●
How each segment of the Industrial Automation market is expected to
grow during the forecast period?
●
What is the expected revenue to be generated by each of the
segments by the end of 2028?
●
What are the key development strategies implemented by the key
players to stand out in this Industrial Automation market?
●
What is the preferred business model used for building Industrial
Automation?
●
Which area of application is expected to be the highest revenue
generator in the Industrial Automation market during the forecast period?
●
Which end-user segment is expected to be the highest revenue
generator in this industry during the forecast period?
●
What is the potential of Industrial Automation market in the
emerging countries during the forecast period?
ABB
Rockwell Automation, Inc.
Siemens
Emerson Electric Co.
Schneider Electric
GENERAL ELECTRIC
Honeywell International Inc.
Yokogawa Electric Corporation
Mitsubishi Electric Corporation
AMETEK, Inc.