Industrial Automation And Control Systems Global Market Report 2023: Growing Adoption of Process Automation Across Industries Bolsters Sector

Dublin, Feb. 17, 2023 (GLOBE NEWSWIRE) -- The "Industrial Automation And Control Systems Market Size, Share & Trends Analysis Report By Component Type (Industrial Robots, Control Valves), By Control System (DCS, PLC, SCADA), By Vertical, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global industrial automation and control systems market size is anticipated to reach USD 377.25 billion by 2030. The market is expected to reach at a CAGR of 10.5% from 2023 to 2030. The growth is attributed to the growing adoption of process automation in several industries, such as energy utilities, chemicals, and automotive.

For instance, in April 2022, Kawasaki Heavy Industries, Ltd. established "Future Lab HANEDA" at HANEDA INNOVATION CITY, a substantial, multi-purpose complex with offices and retail facilities for the development of robotics products and services based on open innovation along with real-life implementation and demonstrations for their potential. This, in turn, is expected to drive market growth further during the forecast period.

Moreover, the companies are considerably reducing operational and labor costs, as well as significantly reducing errors associated with humans due to the system's reliability and efficiency, which is projected to fuel the industrial automation and control systems market growth over the forecast period. The use of multiple robots as per need is expected to push the market growth further. For instance, in April 2022, Siemens AG unveiled the PXC7 smart automation controller, which is useful for large industrial buildings and speeds up engineering processes.

Asia Pacific is anticipated to emerge as the fastest-growing market owing to the presence of emerging companies along with key market players. Some notable regional players are Kawasaki Robotics, Mitsubishi Electric Factory Automation, and Yokogawa Electric Corporation. Furthermore, emerging economies such as Thailand, Vietnam, and Indonesia have huge potential with a largely untapped market that drives substantial investments to develop manufacturing plants. This, in turn, is expected to fuel the market growth across the region.

Industrial Automation And Control Systems Market Report Highlights

• Based on component type segment, the industrial robots' component segment is expected to grow at the highest CAGR of over 12% owing to rising trend of smart and automated factories during the advent of industry 4.0 boom
• Based on control system segment, the distributed control system (DCS) control system segment accounted the highest market share of over 34% owing to fast pace of adoption of IIoT by industrialists
• Based on vertical segment, the healthcare segment is expected to grow at the highest CAGR of over 11% owing to the growing trend of automation in surgeries and other health applications
• Asia Pacific is expected to grow at the highest CAGR of over 13% during the forecast period from 2023 to 2030 as a result of developing countries in the region investing significantly in automation and smart manufacturing

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends & Scope

Chapter 4 Component Type Estimates and Trend Analysis
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Billion)
4.2 Component Type Analysis & Market Share, 2022 & 2030
4.3 HMI
4.4 Industrial Robots
4.5 Control Valves
4.6 Sensors
4.7 Others

Chapter 5 Control System Estimates and Trend Analysis
5.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Billion)
5.2 Control System Movement Analysis & Market Share, 2022 & 2030
5.3 DCS
5.4 PLC
5.5 SCADA
5.6 Others

Chapter 6 Vertical Estimates and Trend Analysis
6.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Billion)
6.2 Vertical Movement Analysis & Market Share, 2022 & 2030
6.3 Aerospace and Defense
6.4 Automotive
6.5 Chemical
6.6 Energy & Utilities
6.7 Food & Beverage
6.8 Healthcare
6.9 Manufacturing
6.10 Mining & Metal
6.11 Oil & Gas
6.12 Transportation
6.13 Others

Chapter 7 Regional Estimates and Trend Analysis

Chapter 8 Competitive Landscape

Companies Mentioned

• Abb Ltd.
• Emerson Electric Co.
• Honeywell International, Inc.
• Kawasaki Heavy Industries, Ltd.
• Mitsubishi Electric Corporation
• Omron Corporation
• Rockwell Automation, Inc.
• Schneider Electric
• Siemens AG
• Yokogawa Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/r/57miq1

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• Global Industrial Automation And Control Systems Market

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