Industrial Automation Market Overview
The Industrial Automation Market Size is anticipated to grow by US$128.63 Billion by 2030 rapidly growing at a CAGR of 9.35% during the forecast period. The global industrial automation market is driven by robust growth in manufacturing sectors worldwide and shift from manual assistance to automation. These factors have helped shape the industrial automation market and are expected to boost the growth. Companies in the industrial automation market could also face challenges such as compatibility issues and high installation. The details covered in the industrial automation market report cover all the aspects of the industry. industrial automation market analysts have also shared growth projections in the report and have suggested industrial automation market players to plan growth strategies accordingly.
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Market Segmentation
The global industrial automation market has been segmented based on type, technology, and end-user. On the basis of type, the market for industrial automation is segmented based on fixed automation and programmable automation. Additionally, the market on the basis of technology, is segmented into SCADA, PAC, PLC, DCS, HMI. The global market for industrial automation is also covered based on the end-user segment which is further split into oil gas, aerospace defense, machine manufacturing, electronics, pharmaceuticals, automotive.
Factors like growing need for digital transformation across various verticals and favorable government policies in the manufacturing sector support the industrial automation market growth. The performance of the industrial automation market has also been studied for the past and current years. Additionally, the industrial automation market report provides analysis of these segments. The industrial automation market segmental analysis provided in the report offers major details about the industrial automation market performance and future.
Competitive Landscape
The industrial automation market is supported by rising demand for innovative industrial automation and growing demand for business process automation. The population growth around the world and increasing demand of industrial automation market based services and products also support the market growth. However, the industrial automation market growth can be affected due to lack of awareness for the advantages of automated processes and lack of technical expertise. The report covers all such details which will help companies in the industrial automation market to strengthen their business plan and improve their product portfolio. The industrial automation market research report also provides company profiles of major companies. The company profile of organizations operating in the industrial automation market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the industrial automation market. New entrants and established players can plan their strategies based on this data provided in the industrial automation market research report.
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Regional Overview
Companies in the industrial automation market are spread across the world. The industrial automation market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American industrial automation market has many companies across the United States, Canada, and Mexico. Europe has companies in the industrial automation market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the industrial automation market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The industrial automation market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the industrial automation market can be found in the market research report.
Industry News
Industrial Technologies Introduced, Inc. AIT confirmed that it had acquired Gibson Engineering Company, Inc., headquartered in Norwood, MA. The deal's terms have been kept private. It is worth noting here that the stock of Applied Industrial rose 2.4 percent, closing the trading day at $78.34. Gibson specialises in the worldwide supply of engineered solutions, products for robotics and other services.
