Industrial Automation Market to Witness Astonishing Growth by 2029
The Global Industrial Automation Market is expected to grow at a significant CAGR during the forecast period (2021-2027). Because industry automation standardises industrial processes and assures consistent, high-quality outputs, it is in great demand in sectors that require dependable, high-quality production. Furthermore, due to qualities like little human interaction, higher quality, and lower labour expenditures, it meets the requirement for mass production in industries, resulting in a low total operational cost. The rising adoption of the Industry 4.0 movement and IoT enabled smart technologies has boosted demand for industrial automation.
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Various control systems are being used by industry leaders for process optimization and control of various industrial operations, such as additive manufacturing, moulding, painting, and metalworking. These control systems are made up of one or many control loops that use metres and sensors to automate a variety of operations, removing the need for human interaction. Pressure, level, temperature, and flow are all controlled using these approaches, which is an important operation in any industrial facility.
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· Market Coverage
· Market number available for – 2023-2029
· Base year- 2022
· Forecast period- 2023-2029
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
· Inc., and others
Industrial Automation Market Report
By Control and Safety System
• Distributed Control System (DCS)
• Supervisory Control and Data Acquisition System (SCADA)
• Manufacturing Execution System (MES)
• Safety Instrumented System (SIS)
• Programmable Logic Controllers (PLC)
• Human Machine Interface (HMI)
By Component
• Sensor
• Controllers
• Switches & Relays
• Industrial Robots
• Drives
By Industry Vertical
• Automotive Manufacturing
• Food & Beverage
• Oil & Gas Processing, Mining
By Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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