Press release
Automation and Controls Market 2021-2030 | Drivers, Opportunities, Trends, and Forecast
Automation and Controls Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (PLC, SCADA, PAC, DCS, HMI, and MES), Application (Lighting, HVAC, Safety & Security, and others), End Use (Residential, Commercial (Hospitality, Enterprise, and Retail), Industrial (Oil & Gas, Mining & Metals, Automotive & Transportation, Manufacturing, Electrical & Electronics, Aerospace & Defense, and Others)): Global Opportunity Analysis and Industry Forecast, 2021-2030The automation and controls market size was valued at $329.62 billion in 2020, and is projected to reach at $845.15 million by 2030, growing at a CAGR of 10.7% from 2021 to 2030.
Download Research Report Sample & TOC @ https://www.alliedmarketresearch.com/request-sample/15362
Automation and control in the manufacturing/production sector are referred to as the utilization of technologies such as software, hardware, and equipment designed to automate the production processes. Manufacturing processes are highly diversifying, owing to which various types of manufacturing automatic control cater to different aspects such as foxed automation, programmable automation, and flexible automation. Moreover, motion control systems in the manufacturing and industrial sector is becoming significantly important, owing to major competitive advantages such as lower operating costs and rise in need for workplace safety & productivity, thus offering significant growth opportunities for the market.
The growth of global automation & controls is majorly driven by implementation of government regulations to promote industrial automation and surge in organizations focused on worker safety. In addition, rise in demand for industrial automation across the manufacturing sector is expected to drive automation and controls market growth. However, the high implementation cost associated with the installation is acting as a prime restraint of the global market. On the contrary, rise in penetration of industrial robotics coupled with the adoption of Industry 4.0 across prime industries is anticipated to provide lucrative opportunities for the automation & controls industry during the forecast period.
Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/15362
According to automation and controls market trends, the SCADA segment was the highest contributor to the market in 2020. The commercial and industrial segments collectively accounted for around 83.2% market share in 2020. Increase in labor productivity and total rate of production are some of the prime factor propelling the growth of PLC segment.
The outbreak of the COVID-19 has significantly impacted the growth of the automation & controls market. Rise in demand for industrial control systems across the prime manufacturing and industrial sector has significantly propelled the demand for automation & controls-based digital applications during the pandemic. However, lack of availability of a professional maintenance workforce due to partial and complete lockdown implemented by the governments globally restrain the growth of the automation & controls market during a pandemic. Conversely, the commercial and industrial sectors globally started to deploy automation & controls-powered solutions, hence, forecast to drive the automation and controls market analysis post-pandemic.
Region wise, Europe holds a significant share in the global automation & controls market. The adoption of Industry 4.0 initiative to boost the digital infrastructure across manufacturing/production & related industries and value creation processes, which is expected to propel the growth of the automation & controls industry in this region. Moreover, surge in demand for automation technologies across industrial sectors in Europe is anticipated to boost the automation & controls market growth in this region.
Request for Customization @ https://www.alliedmarketresearch.com/request-for-customization/15362
The key players profiled in the report include ABB Group, Bosch Rexroth AG, Emerson Electric Co., Fanuc Corporation, General Electric Company, Honeywell International Inc., KUK AG, Rockwell Automation, Schneider Electric SE, and Siemens AG. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the market.
Key Findings of The Study
• In 2020, the safety & security segment accounted for the maximum revenue, and is projected to grow at a notable CAGR of 10.7% during the forecast period.
• The safety & security and HVAC segments together accounted for around 64.6% of the automation and controls market share in 2020.
• The industrial segment is projected to growth at a CAGR of 10.0% during the automation and controls market forecast period.
• Europe contributed for the major share in automation and controls industry, accounting for more than 34.0% share in 2020.
Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automation and Controls Market 2021-2030 | Drivers, Opportunities, Trends, and Forecast here
News-ID: 3374105 • Views: …
More Releases from Allied Analytics LLP
Syngas Market Analysis: Top Players and Strategies for 2024
According to a new report published by Allied Market Research, The global syngas market was valued at $43.6 billion in 2019, and is projected to reach $66.5 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027.
Players analyzed and profiled in the global syngas market Air Liquide, Air Products and Chemicals Inc., BASF SE, John Wood Group, Royal Dutch Shell, Sasol Limited, Siemens, Syngas Energy Holdings, SynGas…
Solar Battery Market Projected to grow at 15.5% CAGR To 2027
According to a new report published by Allied Market Research, The global solar battery market size was valued at $113.4 million in 2019, and is projected to reach $360.4 million by 2027, growing at a CAGR of 15.5% from 2020 to 2027.
Some of the key players profiled in the report include BYD Company, Kokam.Co, Carnegie Clean Energy, Primus Power, LG Chem, and EnerSys.
Asia-Pacific dominated the solar battery market with more…
Gas Meter Market Projected to grow at 6.6% CAGR To 2028
According to a new report published by Allied Market Research, The global gas meter market revenue was valued at $5.8 billion in 2020, and is projected to reach $9.7 billion by 2028, growing at a CAGR of 6.6% from 2021 to 2028.
Some of the key players profiled in the report include General Electric, Itron, Elster, Landis+Gyr, ABB, Aclara, and Badger Meter.
Get Report Sample PDF @ https://www.alliedmarketresearch.com/request-sample/11718
Asia-Pacific would exhibit a CAGR…
Commercial Boiler Market Projected to grow at 4.2% CAGR To 2030
According to a new report published by Allied Market Research, The global commercial boiler market size was valued at $1.9 billion in 2020, and is projected to reach $2.8 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030.
The major companies profiled in this commercial boiler market include A.O. Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company, Parker Boiler, Slant/Fin Corporation, Superior Boiler Works, Inc.,…
More Releases for Electric
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Wireless Sensors Market Regional Outlook, Top Manufactures General Electric, Yok …
The Global Wireless Sensors Market is measurement tools equipped with transmitters that convert signals from instruments into radio transmission signals. Increasing interest of manufacturers in research and development of more efficient Wireless sensors are expected to drive the wireless sensors market. However, this market is highly competitive and price sensitive are hampering the growth of the market.
For More Info, Get Sample Report Here @ https://www.orianresearch.com/request-sample/1371276
What you can expect from…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
