Press release
Global Industrial Control & Factory Automation Market 2024 Latest Trends, Industry Insights, Business Growth And Forecast To 2033
Industrial Control & Factory Automation Market
The Business Research Company offers in-depth market insights through Industrial Control & Factory Automation Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The industrial control & factory automation market size has grown strongly in recent years. It will grow from $150.24 billion in 2023 to $163.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to efficiency and cost reduction goals, adoption of dcs systems, integration of mes systems, human-machine interface (hmi), computer numerical control (cnc)..
The industrial control & factory automation market size is expected to see strong growth in the next few years. It will grow to $224.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to smart manufacturing practices, emphasis on energy efficiency, artificial intelligence and machine learning integration, rapid adoption of iot devices, industry 4.0 evolution.. Major trends in the forecast period include remote and smart manufacturing, energy efficiency and sustainability, predictive maintenance strategies, edge computing in automation, cybersecurity measures..
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=8978&type=smp
Market Segmentation:
The industrial control & factory automation market covered in this report is segmented -
1) By Component: Industrial Robots, Machine Vision System, Process Analyser, Field Instruments, Human-Machine Interface (HMI), Industrial PC, Industrial Sensors, Industrial 3D Printing, Vibration Monitoring, Other Components
2) By Solution: Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Product Life Cycle Management (PLM), Plant Asset Management (PAM), Functional Safety
3) By Industry: Process Industry, Discrete Industry
Major Driver - Connected Enterprises Fuel Growth In Industrial Control And Factory Automation Market
The emergence of connected enterprises is expected to propel the growth of the industrial control and factory automation market going forward. Connected enterprises are businesses that have digitalized all of their business processes using IoT technology to improve operations. Business process automation is an essential step in making connected enterprises as it helps factories to operate with fewer unskilled resources and allows the organization to utilize these resources for adopting advanced technologies and digitalization systems. For instance, according to the Global Digital Transformation Survey 2021 conducted by Fujitsu, a Japan-based information and communication technology company, which included a survey of 1,200 business leaders across 9 countries, 78% of the respondents effectively responded to COVID-19 pandemic by relying on agility, digitalization, and employee well-being. 44% of the respondents predicted that more than half of their current business processes will be automated by 2025 and business process automation was second on the priority list of the majority of the respondents. Therefore, the increasing number of connected enterprises is driving the growth of the industrial control and factory automation market.
Competitive Landscape:
Major companies operating in the industrial control & factory automation market report are ABB Ltd., Emerson Electric Co., Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, General Electric Company, Rockwell Automation Inc., Honeywell International Inc., Yokogawa Electric Corporation, Omron Corporation, Endress+Hauser Group, FANUC Corporation, WIKA Alexander Wiegand SE & Co KG, Dwyer Instruments Inc., Stratasys Ltd., 3D Systems Corporation, Azbil Corporation, Krohne Group, Fuji Electric Co Ltd., Hitachi Ltd., VEGA Grieshaber KG, PINpoint Information Systems Inc, Inxpect SPA, Algolux Inc., Yaskawa America Inc., Roboze SPA, Seiko Epson Corporation, Advantech Co Ltd., RS Americas Inc., Applied Materials Inc., Aspen Technology Inc., Beckhoff Automation GmbH & Co KG, Bosch Rexroth AG, Cognex Corporation, Danaher Corporation, Delta Electronics Inc. .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/industrial-control-and-factory-automation-global-market-report
Top Trend - Product Innovation Gaining Popularity In Industrial Control And Factory Automation Market
Product innovation is a key trend gaining popularity in the industrial control and factory automation market. Major companies operating in the industrial control and factory automation market are introducing new innovative products to sustain their position in the market. For instance, in February 2021, Schneider Electric, France-based digital automation, and energy management company, launched the EcoStruxure Automation Expert industrial automation system. It is first of its first-of-its-kind software-based industrial automation system that allows the user to distribute applications to any system hardware and to build applications using asset-centric components. The system also allows enterprises to achieve maximum workforce optimization and efficiency.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Control & Factory Automation Market Characteristics
3. Industrial Control & Factory Automation Market Trends And Strategies
4. Industrial Control & Factory Automation Market - Macro Economic Scenario
5. Industrial Control & Factory Automation Market Size And Growth
…..
27. Industrial Control & Factory Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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 Global Industrial Control & Factory Automation Market 2024 Latest Trends, Industry Insights, Business Growth And Forecast To 2033 here
News-ID: 3404771 • Views: …
More Releases from The Business research company
Global Market Model Becomes Official Gold Sponsor for the Knowledge and Informat …
We are delighted to announce that the Global Market Model, flagship product of The Business Research Company, has become the official Gold Sponsor for the Knowledge and Information Management Research Analysis (KIMRA) Conference. This prestigious sponsorship highlights Global Market Model's commitment to providing comprehensive market intelligence and data to a wide array of sectors.
As part of the KIMRA event, there will be a Generative AI Conference addressing the transformative impact…
Nurturing Early Growth: Market Dynamics, Trends, and Future Outlook in the Start …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Starter Feed Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $46.21 billion In 2028 At…
Innovations in Endocrine Therapy: Market Insights, Trends, and Future Projection …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Somatostatin Analogs Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $8.67 billion In 2028 At…
Enhancing Aesthetic Solutions: Comprehensive Market Analysis and Growth Projecti …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Skin Booster Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.72 billion In 2028 At…
More Releases for Industrial
Global Industrial Uavs Market, Global Industrial Uavs Industry, Global Industria …
The Industrial Uavs market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Industrial Uavs Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Industrial Uavs market. The report focuses on well-known providers in the global…
RDM Industrial Products - Laboratory and Industrial Furniture Supplier
RDM Industrial Products Inc. is one of the most reputed and leading laboratory and industrial furniture solutions supplier and manufacturer. The company was established in 1977 and has been serving their growing clientele proudly for over 40 years. Their quality products cater to industries including healthcare, electronics, biotechnology, laboratory, industrial and more. The company is based out of California and their shipments are done all across the globe. QUALITY-SERVICE-TIMING are…
Industrial Fasteners Market # industrial fasteners and supply # industrial faste …
An insightful study, titled “Global Industrial Fasteners Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.
Get…
Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Indu …
Researchmoz added Most up-to-date research on "Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Industrial PC, Box Industrial PC And Embedded Industrial PC" to its huge collection of research reports.
Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is…
Industrial Machinery & Industrial Equipment Production Market Research Report
Latest industry research report on: Global and United States Industrial Machinery & Industrial Equipment Production Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the Industrial Machinery & Industrial Equipment Production market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and…
Industrial PC Market By Type - Panel Industrial PC, Box Industrial PC, Embedded …
Albany, NY, 19th September : Recent research and the current scenario as well as future market potential of "Recent research and the current scenario as well as future market potential of "" globally." globally.
Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is simply used…
