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Industrial Automation Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR70712
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The industrial automation market share is expected to increase by USD 60.15 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.93%.

This industrial automation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial automation market segmentations by product (SCADA, PLC, DCS, drives, and sensors), end-user (process industry and discrete industry), and geography (APAC, North America, Europe, South America, and MEA). The industrial automation market report also offers information on several market vendors, including ABB Ltd., Dassault Systemes SE, Emerson Electric Co., Endress+Hauser Group Services AG, General Electric Co., Honeywell International Inc., Schneider Electric SE, Siemens AG, WIKA Alexander Wiegand SE & Co. KG, and Yokogawa Electric Corp. among others.

What will the Industrial Automation Market Size be During the Forecast Period?

Industrial Automation Market Size

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Industrial Automation Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The changing market dynamics is notably driving the industrial automation market growth, although factors such as technical challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial automation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Automation Market Driver

The changing market dynamics is notably driving the industrial automation market growth. The market dynamics in some of the leading process and discrete industries are changing significantly, and slowly manufacturers are bearing the brunt of excessive fluctuations in demand and a rise in the overall OPEX. Factors such as the fluctuating global prices of oil and gas and metals in the global market and shortage of skilled workers have directly affected the overall OPEX and profitability of manufacturing companies. Such a sudden and unexpected shift in market dynamics can significantly impact manufacturing processes. Since this factor might slow down the growth of the oil and gas industry, the adoption of industrial automation has become significant for industry operators to sustain in the global market. Also, the use of industrial automation, especially in such a scenario, helps in reducing the overall staff requirement per plant, thereby aiding in keeping the overall OPEX under control. Similarly, the aging workforce is one of the major factors affecting the manufacturing industry. Moreover, the US is also facing major challenges such as a shortage of skilled labor and rising labor costs, which has further increased the OPEX for companies. These factors have influenced the demand for industrial automation and robotics systems to improve productivity and reduce the overall OPEX. Therefore, industrial automation act as a safety solution to safeguard manufacturers in such a dynamic market scenario and ensure sustainable growth.

Key Industrial Automation Market Trend

The increasing focus on smart factories is the key market trend driving the industrial automation market growth. A smart factory can be defined as a facility in which all the devices are interlinked over the communication network, and the data available from each device can be utilized for learning and adapting to the new demands of customers. Hence, by capturing real-time information and enabling the remote control of machinery, the Internet of Things (IoT) can increase efficiency and enhance the value provided by manufacturers to customers. Factors such as ongoing technological advances, the increasing complexity of supply chains, the growing competitive pressure across the globe, ongoing organizational realignments resulting from information technology (IT) and operational technology (OT), and increased investments by end-user industries are driving the acceptance of the concept of smart factories globally. Smart factories are rapidly becoming mainstream in manufacturing. To improve the overall efficiency and productivity of a plant and to improve its operations using innovative technologies, manufacturers are increasingly implementing the concept of smart factories. The emergence of smart factories is anticipated to further intensify the need for industrial automation during the forecast period. 

Key Industrial Automation Market Challenge

The major challenge impeding the industrial automation market growth is the technical challenges. With the increasing adoption of IoT-enabled devices, manufacturers and system integrators are facing design challenges in factory automation. The factory automation process can be divided into three basic levels for control, namely field level, control level, and operator level. The field level includes the I/O modules, sensors, and actuators; the control level includes PLCs, SCADA, motor drives, controllers, and DCS; and the operator level includes the human-machine interface (HMI). Although all these levels in Industry 4.0 have their set of designing challenges, the challenges related to control level designing are extremely complex. In addition, continuous product development and the introduction of advanced machinery due to Industry 4.0 have further complicated the challenges related to industrial automation design, especially in factory automation and smart factories. Although vendors are focusing on developing flexible machine designs by incorporating inputs from OEMs, manufacturers, and system integrators, the fast-changing nature of the automation solutions industry affects the investment scenario and increases the CAPEX for industrial operators. All these factors affect the smooth transition from traditional automation to Industry 4.0 in the manufacturing industry. Hence, these factors might hamper the growth of the market in focus during the forecast period.

This industrial automation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global industrial automation market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial automation market during the forecast period.

Who are the Major Industrial Automation Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Dassault Systemes SE
  • Emerson Electric Co.
  • Endress+Hauser Group Services AG
  • General Electric Co.
  • Honeywell International Inc.
  • Schneider Electric SE
  • Siemens AG
  • WIKA Alexander Wiegand SE & Co. KG
  • Yokogawa Electric Corp.

 

This statistical study of the industrial automation market encompasses successful business strategies deployed by the key vendors. The industrial automation market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ABB Ltd. - The company offers the intuitive human system interface solutions for the process automation industy such as AC 800 M, AC 500 PLC, and AC700F.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial automation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Industrial Automation Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial automation market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Industrial Automation Market?

Industrial Automation Market Market segmentation by region

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42% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the industrial automation market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The strong industrial base and increasing investments in the power, water, and wastewater treatment, and food and beverage industries will facilitate the industrial automation market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 affected the overall economy of the region, supply chains, and the industrial, commercial, and service sectors. The temporary closure of industries led to a decline in the use of automation control technology, which, in turn, adversely affected the potential growth of the market in the region in 2020. However, the rising need for automation and time-saving among various industries is expected to drive the demand for industrial automation in several industrial sectors in the long run, which, in turn, will contribute to the growth of the market during the forecast period.

What are the Revenue-generating Product Segments in the Industrial Automation Market?

Industrial Automation Market Segmentation

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The industrial automation market share growth by the SCADA segment will be significant during the forecast period. The easy access to real-time data enabled by SCADA systems enhances the data-driven decision-making capabilities of plant operators, businesses, or governments. Also, the increasing need to control, monitor, and visualize the entire process, specifically to optimize the cost and achieve operational efficiency, is a factor in the growth of SCADA systems in process and discrete industries. This is expected to facilitate the implementation of SCADA systems in end-user industries and thereby provide high growth opportunities for vendors in the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial automation market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in the regional reports:

Europe Industrial Automation market - The market share will grow at a CAGR of 6.25 percent over the period 2013-2018.

EMEA Industrial Automation market - The market share will grow at a CAGR of 7.62 percent over the period 2013-2018.

Industrial Automation Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.93%

Market growth 2021-2025

$ 60.15 billion

Market structure

Fragmented

YoY growth (%)

6.09

Regional analysis

APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 42%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Dassault Systemes SE, Emerson Electric Co., Endress+Hauser Group Services AG, General Electric Co., Honeywell International Inc., Schneider Electric SE, Siemens AG, WIKA Alexander Wiegand SE & Co. KG, and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Industrial Automation Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial automation market growth during the next five years
  • Precise estimation of the industrial automation market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial automation industry across APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial automation market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Electrical Components and Equipment Market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five Forces Summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 SCADA - Market size and forecast 2020-2025
      • Exhibit 17: SCADA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: SCADA - Year-over-year growth 2020-2025 (%)
    • 5.4 PLC - Market size and forecast 2020-2025
      • Exhibit 19: PLC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: PLC - Year-over-year growth 2020-2025 (%)
    • 5.5 DCS - Market size and forecast 2020-2025
      • Exhibit 21: DCS - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: DCS - Year-over-year growth 2020-2025 (%)
    • 5.6 Drives - Market size and forecast 2020-2025
      • Exhibit 23: Drives - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 24: Drives - Year-over-year growth 2020-2025 (%)
    • 5.7 Sensors - Market size and forecast 2020-2025
      • Exhibit 25: Sensors - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 26: Sensors - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Product
      • Exhibit 27: Market opportunity by Product

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • 6.2 Comparison by End-user
        • Exhibit 29: Comparison by End-user
      • 6.3 Process industry - Market size and forecast 2020-2025
        • Exhibit 30: Process industry - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 31: Process industry - Year-over-year growth 2020-2025 (%)
      • 6.4 Discrete industry - Market size and forecast 2020-2025
        • Exhibit 32: Discrete industry - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 33: Discrete industry - Year-over-year growth 2020-2025 (%)
      • 6.5 Market opportunity by End-user
        • Exhibit 34: Market opportunity by End-user

      7 Customer landscape

      8 Geographic Landscape

      • 8.1 Geographic segmentation
        • Exhibit 36: Market share by geography 2020-2025 (%)
      • 8.2 Geographic comparison
        • Exhibit 37: Geographic comparison
      • 8.3 APAC - Market size and forecast 2020-2025
        • Exhibit 38: APAC - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)
      • 8.4 North America - Market size and forecast 2020-2025
        • Exhibit 40: North America - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 41: North America - Year-over-year growth 2020-2025 (%)
      • 8.5 Europe - Market size and forecast 2020-2025
        • Exhibit 42: Europe - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 43: Europe - Year-over-year growth 2020-2025 (%)
      • 8.6 South America - Market size and forecast 2020-2025
        • Exhibit 44: South America - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 45: South America - Year-over-year growth 2020-2025 (%)
      • 8.7 MEA - Market size and forecast 2020-2025
        • 8.8 Key leading countries
          • Exhibit 48: Key leading countries
        • 8.9 Market opportunity by geography
          • Exhibit 49: Market opportunity by geography ($ billion)

        9 Drivers, Challenges, and Trends

        • 9.1 Market drivers
          • 9.2 Market challenges
            • Exhibit 50: Impact of drivers and challenges
          • 9.3 Market trends

            10 Vendor Landscape

            • 10.1 Overview
              • 10.2 Vendor landscape
                • Exhibit 51: Vendor landscape
              • 10.3 Landscape disruption
                • Exhibit 52: Landscape disruption
                • Exhibit 53: Industry risks

              11 Vendor Analysis

              • 11.1 Vendors covered
                • Exhibit 54: Vendors covered
              • 11.2 Market positioning of vendors
                • Exhibit 55: Market positioning of vendors
              • 11.3 ABB Ltd.
                • Exhibit 56: ABB Ltd. - Overview
                • Exhibit 57: ABB Ltd. - Business segments
                • Exhibit 58: ABB Ltd. - Key offerings
                • Exhibit 59: ABB Ltd. - Segment focus
              • 11.4 Dassault Systemes SE
                • Exhibit 60: Dassault Systemes SE - Overview
                • Exhibit 61: Dassault Systemes SE - Business segments
                • Exhibit 62: Dassault Systemes SE - Key offerings
                • Exhibit 63: Dassault Systemes SE - Segment focus
              • 11.5 Emerson Electric Co.
                • Exhibit 64: Emerson Electric Co. - Overview
                • Exhibit 65: Emerson Electric Co. - Business segments
                • Exhibit 66: Emerson Electric Co. - Key offerings
                • Exhibit 67: Emerson Electric Co. - Segment focus
              • 11.6 Endress+Hauser Group Services AG
                • Exhibit 68: Endress+Hauser Group Services AG - Overview
                • Exhibit 69: Endress+Hauser Group Services AG - Product and service
                • Exhibit 70: Endress+Hauser Group Services AG - Key offerings
              • 11.7 General Electric Co.
                • Exhibit 71: General Electric Co. - Overview
                • Exhibit 72: General Electric Co. - Business segments
                • Exhibit 73: General Electric Co. - Key offerings
                • Exhibit 74: General Electric Co. - Segment focus
              • 11.8 Honeywell International Inc.
                • Exhibit 75: Honeywell International Inc. - Overview
                • Exhibit 76: Honeywell International Inc. - Business segments
                • Exhibit 77: Honeywell International Inc. - Key offerings
                • Exhibit 78: Honeywell International Inc. - Segment focus
              • 11.9 Schneider Electric SE
                • Exhibit 79: Schneider Electric SE - Overview
                • Exhibit 80: Schneider Electric SE - Business segments
                • Exhibit 81: Schneider Electric SE - Key offerings
                • Exhibit 82: Schneider Electric SE - Segment focus
              • 11.10 Siemens AG
                • Exhibit 83: Siemens AG - Overview
                • Exhibit 84: Siemens AG - Business segments
                • Exhibit 85: Siemens AG - Key offerings
                • Exhibit 86: Siemens AG - Segment focus
              • 11.11 WIKA Alexander Wiegand SE & Co. KG
                • Exhibit 87: WIKA Alexander Wiegand SE & Co. KG - Overview
                • Exhibit 88: WIKA Alexander Wiegand SE & Co. KG - Product and service
                • Exhibit 89: WIKA Alexander Wiegand SE & Co. KG - Key offerings
              • 11.12 Yokogawa Electric Corp.
                • Exhibit 90: Yokogawa Electric Corp. - Overview
                • Exhibit 91: Yokogawa Electric Corp. - Business segments
                • Exhibit 92: Yokogawa Electric Corp. - Key offerings
                • Exhibit 93: Yokogawa Electric Corp. - Segment focus

              12 Appendix

              • 12.1 Scope of the report
                • 12.2 Currency conversion rates for US$
                  • Exhibit 94: Currency conversion rates for US$
                • 12.3 Research methodology
                  • Exhibit 95: Research Methodology
                  • Exhibit 96: Validation techniques employed for market sizing
                  • Exhibit 97: Information sources
                • 12.4 List of abbreviations
                  • Exhibit 98: List of abbreviations

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Industrial Automation Market market growth will increase by $60.15 bn during 2021-2025.
                The industrial automation market market is expected to grow at a CAGR of 6.93% during 2021-2025.
                Technavio has segmented the industrial automation market market by product (SCADA, PLC, DCS, drives, and sensors) ,end-user (process industry, discrete industry, Europe, South America, and MEA) , and geography (APAC, North America, Europe, South America, and MEA).
                ABB Ltd., Dassault Systemes SE, Emerson Electric Co., Endress+Hauser Group Services AG, General Electric Co., Honeywell International Inc., Schneider Electric SE, Siemens AG, WIKA Alexander Wiegand SE & Co. KG, Yokogawa Electric Corp. are a few of the key vendors in the industrial automation market market.
                APAC will register the highest growth rate of 42% among the other regions. Therefore, the industrial automation market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the industrial automation market market growth are:
                • Changing market dynamics
                • Increasing need for open platform architecture for automation software
                The industrial automation market market vendors should focus on grabbing business opportunities from the scada segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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                • Covid-19 impact and recovery analysis
                • Data on revenue-generating market segments
                • Details on the market shares of various regions
                • Five-force market analysis

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