The global industrial automation and control systems market size is expected to reach USD 380.83 billion by 2030, according to a new study by Polaris Market Research. The report “Industrial Automation and Control Systems Market Share, Size, Trends, Industry Analysis Report, By Component; By Control System; By End-use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Industrial automation advances mechanization by replacing human work with computer programming and automation tools, producing better performance than manual operation. Growing need for cutting-edge networking and industrial automation technology to improve communications, monitoring, and control in manufacturing organizations to support the growth of the industrial automation sector.
Utilizing tools like programmable automation controllers, industrial personal computers, and programmable logic controllers (PLCs), automation solutions automate industrial operations without requiring human contact (PACs). The McKinsey Worldwide Institute estimates that automation might increase global productivity by up to 1.4 percent annually. Furthermore, because a significant portion of their operations can be automated, all professions have the potential for partial automation. An array of industrial remote terminal units (RTUs) is in high demand. RTUs provide flexible control, support for common languages, strong debugging/monitoring tools, project automation, and redundant controllers. RTUs are made for applications that require faster processing, communication, and storage while still offering the flexibility and dependability that consumers want and need. As a result, there is a high demand for robust, versatile RTU that can monitor and control different industrial processes in harsh conditions.
A significant tailwind for the market’s growth is the expanding requirement for digital transformation across numerous industries, including manufacturing, healthcare, transportation, and retail.
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The COVID-19 epidemic has benefited the global market because lockdown measures have been implemented in many nations. The recent novel coronavirus (COVID-19) epidemic has devastated the world economy and altered the routine operations of many enterprises. As work-from-home policies are implemented and shelter-in-place recommendations continue to proliferate, businesses must evaluate and modify their preparedness for and respond to cyber incidents. This is particularly accurate for businesses that employ industrial control systems (ICS) to monitor and manage crucial machinery and procedures (e.g., DCS, SCADA, or PLS). Due to COVID-19, organizations will be concentrating on automating more quickly in the medium term, not least to help close the productivity gap. Industry 4.0 and other initiatives will have a big impact. The role that initiatives like Industry 4.0 will play is crucial. It is an urgent matter
Industrial Automation and Control Systems Market Report Highlights
- The sensor industry led the market in 2021, accounting for the largest revenue share. Due to their small size and ability to instantly deliver accurate data and readings, sensors are essential in automation operations. There are many different kinds of sensors, including temperature sensors, humidity sensors, torque sensors, and others.
- Asia-Pacific emerged as the largest regional market in 2021. The presence of important market participants and emerging firms drives this robust expansion. Additionally, the growing demand for better industrial plant management systems in China and India is fueling the market rise in this area.
- The global players include ABB Lt., 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.
Polaris Market Research has segmented the industrial automation and control systems market report based on component, control system, end-use and region:
Industrial Automation and Control Systems, Component Outlook (Revenue – USD Billion, 2018 – 2030)
- Industrial Robots
- Control Valves
Industrial Automation and Control Systems, Control System Outlook (Revenue – USD Billion, 2018 – 2030)
Industrial Automation and Control Systems, End-use Outlook (Revenue – USD Billion, 2018 – 2030)
- Energy & Utilities
Industrial Automation and Control Systems, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa