Automation and Control Market Technology Outlook, Regional Demand and Important Companies Analysis and Forecast till 2027
Research Reports
May 25, 2022
Market Overview
By 2025, the Automation and Control Market is expected to reach USD 217,354.4 million, increasing at a 10.41% CAGR over the forecast period (2019 to 2025). Many industries have already begun to implement these automated solutions. These programmable solutions are proving to be effective on production lines. The automation and control market makes risk prevention possible in any business. Automation control systems are advantageous because of their agility, functionality, and resilience. Because of this technology, the market has a high level of productivity and efficiency. Industry capital investments are increasingly gravitating toward automation technology.
Many companies are increasing their investments in these technologies. With the automation and control system, manufacturers can stay ahead of the competition. Productivity is increasing thanks to technological advancements. Various industries have adopted automation. Automation and control are in high demand in industries such as automotive, electronics, and chemical.
The rate of production in various industries is increasing as a result of the adoption of this technology. The section of programmable automation is in high demand. The oil and gas industry, as well as the defence, manufacturing, and aerospace industries, are all major users of programmable automation. The market will expand as smart systems become more widely adopted. According to the Automation and Control Forecast, the market will grow in value.
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Market Segmentation
Product, application, end-use, and region are all segments of the worldwide automation and controls market. The market is divided into PLC, SCADA, PAC, DDCS, HMI, and MES based on product. In terms of revenue, the SCADA segment dominated the market in 2020, and this trend is likely to continue during the forecast period. Lighting, HVAC, safety & security, and other application segments are included in the study. The safety and security sector contributed the most revenue in 2020 and is expected to gain substantial market share during the projected period. The market is divided into three categories based on end-use: residential, commercial (hospitality, enterprise, and retail), and industrial. In 2020, the industrial segment took the largest share, and from 2021 through 2030, it is predicted to rise at a high CAGR.
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Regional Classification
Asia Pacific, Europe, and North America are the major regional participants in the automation and control market. With the largest number of shares, Europe is a major regional player. Demand in the automotive industry will be high. Furthermore, the region’s expanding investments will result in growth. In addition, North America has the second-largest proportion. In this region, the semiconductor market is in high demand.
This market has a huge demand for automation. Other growth considerations include technical advancements. Mexico is a country where this commodity is rapidly expanding. Furthermore, Asia Pacific has experienced the fastest rise in automation and control in recent years. This important regional player will generate a lot of money.
Industry News
The industrial automation market is dominated by ABB Ltd, Emerson Electric, OMRON, Rockwell, and FANUC. B&R Industrial Automation GmbH; HITACHI Private limited., Industrial, Automation (M) SDN BHD., Koyo Electronics Industries Co., LTD., and Mitsubishi Electric Corporation are among the other important players operating in the Industrial Automation market that were studied during this market research study.
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