Global industrial control and factory automation market projected to drive due to the increasing adoption of Industry 4.0 for industrial manufacturing and the growing emphasis on industrial automation and optimum utilization of resources
Global industrial control and factory automation market size valued at USD 141.22 billion in 2019, which likely to reach USD 265.86 billion by 2027, growing at a CAGR of 7.83 % during 2020-2027. The primary factors are the surge in usages of automation by companies to reducing labor and operational expenses, along with minimizing human errors due to the system's reliability and efficiency. Additionally, the government initiatives towards improving production activities, services with manufacturing and engineering technologies, and shifting production base are propelling the growth of the market. Further, increased focus on enhancing process efficacies and reducing the cost of manufacturing across various industries will positively impact the global industrial control and factory automation market share.
Moreover, the rising demand for industrial automation for improving cost efficiency, faster production, along with standardizing manufacturing, reliability, and flexibility in the process of manufacturing, will foster the expansion of the market in the analysis period. Also, the upsurge in labor costs, rapid development in the manufacturing industry, and the need for precise manufacturing methods and accuracy in end products will boom the global industrial control and factory automation industry in the coming years. Through robotic process automation, companies can allow teams to work closely together to ensure that different systems are tightly connected, provide uninterrupted customer support, and maintain stability during uncertain times, thereby helping to mitigate interference. Furthermore, the rapid shift of the industries towards smart manufacturing will augment the growth of the industrial control and factory automation industry. Also, the focus by industry players on achieving energy efficiency in the manufacturing process and the investment in the automation and development plan for production activities and shifting in the manufacturing base is expected to trigger the growth of industrial control and factory automation market.
Solutions Overview in the Global Industrial control and factory automation Market
Based on solutions, the global industrial control and factory automation market classified into supervisory control and data acquisition, programmable logic controllers, distributed control systems, manufacturing execution systems, product lifecycle management, plant asset management, functional safety. The distributed control systems segment likely to lead the market by 2027, owing to DCS process automation and control in industrial manufacturing plants and growing need for enhanced security and safety standards in oil refineries, will demand DCS.
Component Overview in the Global Industrial control and factory automation market
Based on Component, the global industrial control and factory automation market segregated into industrial robots, industrial 3D printing, control valves, machine vision, field instrument, HMI industrial PC, and sensors. The industrial robots segment witnessed the largest market share in 2019 and will dominate by 2027. It is owing to various industry verticals using the applications of industrial robots to optimize operations that require speed, strength, and accuracy. It helps in reducing raw material waste, labor requirements, and energy usage.
Industry Vertical Overview in the Global Industrial control and factory automation Market
Based on industry vertical, the global industrial control and factory automation market classified into aerospace & defense, automotive, chemical, energy & utilities, food & beverage, healthcare, manufacturing, mining & metal, oil & gas, transportation, and others. The manufacturing segment projected to lead the market by 2027. It is due to the automated machines are helping the companies to increase production throughput and achieve operational excellence coupled with reducing the overall costs of the manufacturing.
Regional Overview in the Global Industrial control and factory automation Market
By geography, the global industrial control and factory automation market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific held a higher market share in 2019 and will continue its dominance by 2027. It is attributable to the presence of the key market players in the region, growing automotive and manufacturing industries in the APAC region, and the rise in industrial production in countries in the region.
Global Industrial control and factory automation Market: Competitive Landscape
Companies such as Emerson, Mitsubishi, Siemens, ABB, Schneider Electric, Rockwell, Yokogawa, OMRON, Honeywell, FANUC, STRATASYS, Endress+Hauser AG, Wika, Dwyer Instruments, Inc, General Electric, 3d Systems Corporation, HP, Fuji Electric, Hitachi, Krohne, and Azbil are the key players in the global industrial control and factory automation market.
Global Industrial Control and Factory Automation Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Economic Factor Analysis 4.1.1. Drivers 4.1.2. Trends 4.1.3. Opportunities 4.1.4. Challenges 4.2. Technological Landscape 4.3. Competitors & Product Analysis 4.4. Regulatory Framework 4.5. Company market share analysis, 2019 4.6. Porter's Five forces analysis 4.7. New Investment Analysis 4.8. PESTEL Analysis 4.9. Impact Of Covid-19 On Industrial Control And Factory Automation 5. Global Industrial Control and Factory Automation Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Component 5.2.1.1. Industrial Robots 5.2.1.2. Industrial 3D Printing 5.2.1.3. Control Valves 5.2.1.4. Machine Vision 5.2.1.5. Field Instrument 5.2.1.6. HMI 5.2.1.7. Industrial PC 5.2.1.8. Sensors 5.2.2. By Solution 5.2.2.1. Supervisory Control and Data Acquisition 5.2.2.2. Programmable Logic Controllers 5.2.2.3. Distributed Control Systems 5.2.2.4. Manufacturing Execution Systems 5.2.2.5. Product Lifecycle Management 5.2.2.6. Plant Asset Management 5.2.2.7. Functional Safety 5.2.3. By Industry Vertical 5.2.3.1. Aerospace & Defense 5.2.3.2. Automotive 5.2.3.3. Chemical 5.2.3.4. Energy & Utilities 5.2.3.5. Food & Beverage 5.2.3.6. Healthcare 5.2.3.7. Manufacturing 5.2.3.8. Mining & Metal 5.2.3.9. Oil & Gas 5.2.3.10. Transportation 5.2.3.11. Others 5.2.4. By Region 5.2.4.1. North America 5.2.4.2. Europe 5.2.4.3. Asia Pacific 5.2.4.4. South America 5.2.4.5. Middle East & Africa 6. North America Industrial Control and Factory Automation Market Overview 6.1. North America Industrial Control and Factory Automation Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Industrial Control and Factory Automation Market Share & Forecast, 2016-2027 6.2.1. By Component 6.2.1.1. Industrial Robots 6.2.1.2. Industrial 3D Printing 6.2.1.3. Control Valves 6.2.1.4. Machine Vision 6.2.1.5. Field Instrument 6.2.1.6. HMI 6.2.1.7. Industrial PC 6.2.1.8. Sensors 6.2.2. By Solution 6.2.2.1. Supervisory Control and Data Acquisition 6.2.2.2. Programmable Logic Controllers 6.2.2.3. Distributed Control Systems 6.2.2.4. Manufacturing Execution Systems 6.2.2.5. Product Lifecycle Management 6.2.2.6. Plant Asset Management 6.2.2.7. Functional Safety 6.2.3. By Industry Vertical 6.2.3.1. Aerospace & Defense 6.2.3.2. Automotive 6.2.3.3. Chemical 6.2.3.4. Energy & Utilities 6.2.3.5. Food & Beverage 6.2.3.6. Healthcare 6.2.3.7. Manufacturing 6.2.3.8. Mining & Metal 6.2.3.9. Oil & Gas 6.2.3.10. Transportation 6.2.3.11. Others 6.2.4. By Country 6.2.4.1. US 6.2.4.2. Canada 6.2.4.3. Mexico 6.2.5. Company Market Share (Top 3-5) 6.2.6. Economic Impact Study on North America Industrial Control and Factory Automation Market 7. Europe Industrial Control and Factory Automation Market Overview 7.1. Europe Industrial Control and Factory Automation Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Industrial Control and Factory Automation Market Share & Forecast, 2016-2027 7.2.1. By Component 7.2.1.1. Industrial Robots 7.2.1.2. Industrial 3D Printing 7.2.1.3. Control Valves 7.2.1.4. Machine Vision 7.2.1.5. Field Instrument 7.2.1.6. HMI 7.2.1.7. Industrial PC 7.2.1.8. Sensors 7.2.2. By Solution 7.2.2.1. Supervisory Control and Data Acquisition 7.2.2.2. Programmable Logic Controllers 7.2.2.3. Distributed Control Systems 7.2.2.4. Manufacturing Execution Systems 7.2.2.5. Product Lifecycle Management 7.2.2.6. Plant Asset Management 7.2.2.7. Functional Safety 7.2.3. By Industry Vertical 7.2.3.1. Aerospace & Defense 7.2.3.2. Automotive 7.2.3.3. Chemical 7.2.3.4. Energy & Utilities 7.2.3.5. Food & Beverage 7.2.3.6. Healthcare 7.2.3.7. Manufacturing 7.2.3.8. Mining & Metal 7.2.3.9. Oil & Gas 7.2.3.10. Transportation 7.2.3.11. Others 7.2.4. By Country 7.2.4.1. Germany 7.2.4.2. UK 7.2.4.3. France 7.2.4.4. Italy 7.2.4.5. Rest of Europe 7.2.5. Company Market Share (Top 3-5) 7.2.6. Economic Impact Study on Europe Industrial Control and Factory Automation Market 8. Asia Pacific Industrial Control and Factory Automation Market Overview 8.1. Asia Pacific Industrial Control and Factory Automation Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Industrial Control and Factory Automation Market Share & Forecast, 2016-2027 8.2.1. By Component 8.2.1.1. Industrial Robots 8.2.1.2. Industrial 3D Printing 8.2.1.3. Control Valves 8.2.1.4. Machine Vision 8.2.1.5. Field Instrument 8.2.1.6. HMI 8.2.1.7. Industrial PC 8.2.1.8. Sensors 8.2.2. By Solution 8.2.2.1. Supervisory Control and Data Acquisition 8.2.2.2. Programmable Logic Controllers 8.2.2.3. Distributed Control Systems 8.2.2.4. Manufacturing Execution Systems 8.2.2.5. Product Lifecycle Management 8.2.2.6. Plant Asset Management 8.2.2.7. Functional Safety 8.2.3. By Industry Vertical 8.2.3.1. Aerospace & Defense 8.2.3.2. Automotive 8.2.3.3. Chemical 8.2.3.4. Energy & Utilities 8.2.3.5. Food & Beverage 8.2.3.6. Healthcare 8.2.3.7. Manufacturing 8.2.3.8. Mining & Metal 8.2.3.9. Oil & Gas 8.2.3.10. Transportation 8.2.3.11. Others 8.2.4. By Country 8.2.4.1. China 8.2.4.2. India 8.2.4.3. Japan 8.2.4.4. Australia 8.2.4.5. Rest of Asia Pacific 8.2.5. Company Market Share (Top 3-5) 8.2.6. Economic Impact Study on Asia Pacific Industrial Control and Factory Automation Market 9. South America Industrial Control and Factory Automation Market Overview 9.1. South America Industrial Control and Factory Automation Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Industrial Control and Factory Automation Market Share & Forecast, 2016-2027 9.2.1. By Component 9.2.1.1. Industrial Robots 9.2.1.2. Industrial 3D Printing 9.2.1.3. Control Valves 9.2.1.4. Machine Vision 9.2.1.5. Field Instrument 9.2.1.6. HMI 9.2.1.7. Industrial PC 9.2.1.8. Sensors 9.2.2. By Solution 9.2.2.1. Supervisory Control and Data Acquisition 9.2.2.2. Programmable Logic Controllers 9.2.2.3. Distributed Control Systems 9.2.2.4. Manufacturing Execution Systems 9.2.2.5. Product Lifecycle Management 9.2.2.6. Plant Asset Management 9.2.2.7. Functional Safety 9.2.3. By Industry Vertical 9.2.3.1. Aerospace & Defense 9.2.3.2. Automotive 9.2.3.3. Chemical 9.2.3.4. Energy & Utilities 9.2.3.5. Food & Beverage 9.2.3.6. Healthcare 9.2.3.7. Manufacturing 9.2.3.8. Mining & Metal 9.2.3.9. Oil & Gas 9.2.3.10. Transportation 9.2.3.11. Others 9.2.4. By Country 9.2.4.1. Brazil 9.2.4.2. Argentina 9.2.4.3. Rest of South America 9.2.5. Company Market Share (Top 3-5) 9.2.6. Economic Impact Study on South America Industrial Control and Factory Automation Market 10. Middle East & Africa Industrial Control and Factory Automation Market Overview 10.1. Middle East & Africa Industrial Control and Factory Automation Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Industrial Control and Factory Automation Market Share & Forecast, 2016-2027 10.2.1. By Component 10.2.1.1. Industrial Robots 10.2.1.2. Industrial 3D Printing 10.2.1.3. Control Valves 10.2.1.4. Machine Vision 10.2.1.5. Field Instrument 10.2.1.6. HMI 10.2.1.7. Industrial PC 10.2.1.8. Sensors 10.2.2. By Solution 10.2.2.1. Supervisory Control and Data Acquisition 10.2.2.2. Programmable Logic Controllers 10.2.2.3. Distributed Control Systems 10.2.2.4. Manufacturing Execution Systems 10.2.2.5. Product Lifecycle Management 10.2.2.6. Plant Asset Management 10.2.2.7. Functional Safety 10.2.3. By Industry Vertical 10.2.3.1. Aerospace & Defense 10.2.3.2. Automotive 10.2.3.3. Chemical 10.2.3.4. Energy & Utilities 10.2.3.5. Food & Beverage 10.2.3.6. Healthcare 10.2.3.7. Manufacturing 10.2.3.8. Mining & Metal 10.2.3.9. Oil & Gas 10.2.3.10. Transportation 10.2.3.11. Others 10.2.4. By Country 10.2.4.1. Saudi Arabia 10.2.4.2. UAE 10.2.4.3. South Africa 10.2.4.4. Rest of Middle East & Africa 10.2.5. Company Market Share (Top 3-5) 10.2.6. Economic Impact Study on Middle East & Africa Industrial Control and Factory Automation Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Emerson 11.7.2. Mitsubishi 11.7.3. Siemens 11.7.4. ABB 11.7.5. Schneider Electric 11.7.6. Rockwell 11.7.7. Yokogawa 11.7.8. Omron 11.7.9. Honeywell 11.7.10. Fanuc 11.7.11. Stratasys 11.7.12. Endress+Hauser AG 11.7.13. Wika 11.7.14. Dwyer Instruments, Inc 11.7.15. General Electric 11.7.16. 3D Systems Corporation 11.7.17. HP 11.7.18. Fuji Electric 11.7.19. Hitachi 11.7.20. Krohne 11.7.21. Azbil 11.7.22. Other Prominent Players
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