Industrial Automation And Control Systems Market anticipated to propel the growth by 2028

Industrial Automation And Control Systems Industry Overview

The global industrial automation and control systems market size was valued at USD 146.79 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028.


The market is anticipated to witness substantial growth over the forecast period on account of the rising adoption of process automation solutions across various industries, such as automotive, chemical, and energy utilities. Process automation helps companies reduce labor and operational expenses. It also offers benefits such as increased efficiency and reliability to help reduce human errors. Moreover, the rising adoption of industrial robots across the manufacturing sector to cater to complex customer demands is expected to boost the market growth.


Gather more insights about the market drivers, restrains and growth of the Global Industrial Automation And Control Systems Market


Industry leaders are implementing various control systems for process optimization and controlling different industrial procedures, such as additive manufacturing, molding, paint works, and metalworking. These control systems comprise single or multiple control loops that carry out numerous automation processes using meters and sensors, eliminating human intervention. Such techniques are used to control the pressure, level, temperature, and flow, which is an essential process in any industrial facility. Owing to their benefits, control systems are extensively used in the oil and gas, power generation, chemical, telecommunications, and pulp & paper sectors for accomplishing partial or entire automation.


The rapid shift of industries toward smart manufacturing is another factor responsible for spurring the market growth. Industries that adopt automation systems largely prefer to leverage proven standards and technologies to ensure safe, secure, and consistent operations. Furthermore, the advent of Industry 4.0 has resulted in the manufacturing sector experiencing a rapid acceptance of new and augmented networking architectures and systems. However, issues such as high deployment costs of these systems, privacy and security concerns, lack of standards and regulations pertaining to Industry 4.0, and the resultant downsize of the workforce owing to automation are among the major challenges posed before the industry players.


The industry is also driven by technology proliferation, growing economic opportunities, and increasing demand for operational efficiency. This ecosystem is expected to enhance any country’s innovation front by introducing a new phase of economic growth. Additionally, it is anticipated to significantly impact a wide range of businesses, stakeholders, and business models, leading to a favorable regulatory landscape to promote the adoption across industries worldwide. Growing awareness regarding the benefits of cloud computing platforms and technological advancements in semiconductors and electronic devices are expected to offer substantial growth prospects to the industry in the near future.


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Industrial Automation And Control Systems Market Segmentation

Grand View Research has segmented the global industrial automation and control systems market based on component, control system, vertical, and region:

Industrial Automation And Control Systems Component Outlook (Revenue, USD Billion, 2018 – 2028)

  • HMI
  • Industrial Robots
  • Control Valves
  • Sensors
  • Others

Industrial Automation And Control System Outlook (Revenue, USD Billion, 2018 – 2028)

  • DCS
  • PLC
  • Others

Industrial Automation And Control Systems Vertical Outlook (Revenue, USD Billion, 2018 – 2028)

  • Aerospace & Defense
  • Automotive
  • Chemical
  • Energy & Utilities
  • Food & Beverage
  • Healthcare
  • Manufacturing
  • Mining & Metal
  • Oil & Gas
  • Transportation
  • Others

Industrial Automation And Control Systems Regional Outlook (Revenue, USD Billion, 2018 – 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa (MEA)


Market Share Insights

  • March 2020: Epson Robots, a SCARA robot manufacturer based in the U.S., announced its collaboration with Air Automation Engineering (AEE) to offer technical support in the Midwest, U.S., in an attempt to strengthen its presence.


Key Companies profiled:

Some of the prominent players operating in the global industrial automation and control systems market are:

  • ABB
  • Emerson Electric Co.
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Siemens AG
  • Honeywell International, Inc.


Order a free sample PDF of the Industrial Automation And Control Systems Market Intelligence Study, published by Grand View Research.


About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.


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