Industrial automation control market size to grow by USD 39.34 billion from 2022 to 2027: Increasing focus on smart factories to boost market growth - Technavio

NEW YORK, March 2, 2023 /PRNewswire/ -- According to Technavio, the global industrial automation control market size is estimated to grow by USD 39.34 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 5.46% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 44% of the market's growth. Though the increasing focus on smart factories is notably driving the industrial automation control market growth, factors such as the lack of effective interoperability may challenge the market growth. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a report sample

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Industrial automation control market – Market dynamics

Key factor driving market growth

• The increasing focus on smart factories is driving the industrial automation and control systems market growth.
• The advent of smart factories has fueled digital transformation.
• In a smart factory, all devices are interlinked over a communication network, and the data from these devices can be used for learning and adapting to the demands of customers.
• IoT can increase efficiency and enhance the value provided by manufacturers to customers.
• Factors such as ongoing technological advances, increasing complexity in supply chains, growing competition, organizational realignments, and rising investments by end-user industries are driving the adoption of smart factories globally.

Major challenges hindering market growth

• The lack of effective interoperability may challenge the industrial automation control market growth.
• If an interface does support the latest industrial automation control systems, end-users face interoperability issues.
• Integrating industrial automation control systems becomes complex in industries such as oil and gas, power, chemicals and petrochemicals, and water and wastewater.
• Modern industrial systems and facilities are becoming more complex due to the deployment of multiple devices and systems with diverse configurations.
• Therefore, integrating different systems is a challenge to end-users in terms of compatibility and interoperability.

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Industrial automation control market - Segmentation assessment

Segment overview
Technavio has segmented the market based on product (sensors, drives, DCS, SCADA, and PLC), and end-user (process industry and discrete industry). 

• The sensors segment will account for a significant share of the market growth during the forecast period. It is important to monitor and maintain process variables at proper levels. This can be achieved with the help of sensors. Sensors are used in industrial process applications for measuring, monitoring, testing, scaling, and automation. The increasing use of the Industrial Internet of Things (IIoT) has resulted in new growth opportunities for industrial wireless sensors. Thus, the sensor segment will witness robust growth during the forecast period.

Geography overview
Based on geography, the global industrial automation control market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global industrial automation control market.

• APAC is projected to account for 44% of the market's growth during the forecast period. The growth of the market in the region will be led by countries such as China, Japan, India, Vietnam, South Korea, Malaysia, and Australia. The expansion of operations into APAC has increased the pressure on regional food and beverage companies to provide high-quality products. Hence, they are focusing on food safety and inspection systems. The growth of the food and beverage industry in the region will attract major companies to APAC. These factors will drive the growth of the market in the region during the forecast period.

Get a glance at the market contribution of various segments, historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a sample report

Industrial automation control market – Leading trends influencing the market 

• Virtualization of automation control systems is a key trend in the industrial automation control market.
• With the help of virtual machines, different operating systems can be used on top of a primary operating system.
• Integrating different industrial automation systems on a single physical server reduces the overall cost of servers.
• Virtualization can be applied to different communication layers in industrial premises, such as server, storage, desktop, file, and network.
• Moreover, the increasing awareness about virtual software and the flexibility achieved by using automation are expected to increase the demand for virtualization in the industrial automation market during the forecast period.

What are the key data covered in this industrial automation control market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the industrial automation control market between 2023 and 2027
• Precise estimation of the size of the industrial automation control market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the industrial automation control market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of industrial automation control market vendors

Why buy?

• Add credibility to strategy
• Analyzes competitor's offerings
• Get a holistic view of the market

Grow your profit margin with Technavio – Buy the report!

Related Reports:

The industrial display market size is expected to increase by USD 3.20 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.09%. Furthermore, this report extensively covers industrial display market segmentation by type (panel mount monitors, open frame displays, rugged displays, marine displays, and other types) and geography (North America, APAC, Europe, South America, and the Middle East and Africa).

The industrial and commercial LED lighting market is projected to grow by USD 41.56 billion with a CAGR of 17.44% during the forecast period 2021 to 2026. Furthermore, this report extensively covers the industrial and commercial LED lighting market segmentation by product type (LED lamps and LED fixtures) and geography (Europe, APAC, North America, Middle East and Africa, and South America).

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global industrial automation control market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global industrial automation control market 2017 - 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Sensors - Market size and forecast 2022-2027
• Exhibit 34: Chart on Sensors - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Sensors - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Sensors - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Sensors - Year-over-year growth 2022-2027 (%)

• 6.4 Drives - Market size and forecast 2022-2027
• Exhibit 38: Chart on Drives - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Drives - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Drives - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Drives - Year-over-year growth 2022-2027 (%)

• 6.5 DCS - Market size and forecast 2022-2027
• Exhibit 42: Chart on DCS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on DCS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on DCS - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on DCS - Year-over-year growth 2022-2027 (%)

• 6.6 SCADA - Market size and forecast 2022-2027
• Exhibit 46: Chart on SCADA - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on SCADA - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on SCADA - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on SCADA - Year-over-year growth 2022-2027 (%)

• 6.7 PLC - Market size and forecast 2022-2027
• Exhibit 50: Chart on PLC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on PLC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on PLC - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on PLC - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 57: Chart on Comparison by End-user
• Exhibit 58: Data Table on Comparison by End-user

• 7.3 Process industry - Market size and forecast 2022-2027
• Exhibit 59: Chart on Process industry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Process industry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Process industry - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Process industry - Year-over-year growth 2022-2027 (%)

• 7.4 Discrete industry - Market size and forecast 2022-2027
• Exhibit 63: Chart on Discrete industry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Discrete industry - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Discrete industry - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Discrete industry - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 67: Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 120: ABB Ltd. - Overview
• Exhibit 121: ABB Ltd. - Business segments
• Exhibit 122: ABB Ltd. - Key news
• Exhibit 123: ABB Ltd. - Key offerings
• Exhibit 124: ABB Ltd. - Segment focus

• 12.4 Beckhoff Automation GmbH and Co. KG 
• Exhibit 125: Beckhoff Automation GmbH and Co. KG - Overview
• Exhibit 126: Beckhoff Automation GmbH and Co. KG - Product / Service
• Exhibit 127: Beckhoff Automation GmbH and Co. KG - Key offerings

• 12.5 Eaton Corp. Plc 
• Exhibit 128: Eaton Corp. Plc - Overview
• Exhibit 129: Eaton Corp. Plc - Business segments
• Exhibit 130: Eaton Corp. Plc - Key news
• Exhibit 131: Eaton Corp. Plc - Key offerings
• Exhibit 132: Eaton Corp. Plc - Segment focus

• 12.6 Emerson Electric Co. 
• Exhibit 133: Emerson Electric Co. - Overview
• Exhibit 134: Emerson Electric Co. - Business segments
• Exhibit 135: Emerson Electric Co. - Key news
• Exhibit 136: Emerson Electric Co. - Key offerings
• Exhibit 137: Emerson Electric Co. - Segment focus

• 12.7 Endress Hauser Group Services AG 
• Exhibit 138: Endress Hauser Group Services AG - Overview
• Exhibit 139: Endress Hauser Group Services AG - Product / Service
• Exhibit 140: Endress Hauser Group Services AG - Key news
• Exhibit 141: Endress Hauser Group Services AG - Key offerings

• 12.8 Fuji Electric Co. Ltd. 
• Exhibit 142: Fuji Electric Co. Ltd. - Overview
• Exhibit 143: Fuji Electric Co. Ltd. - Business segments
• Exhibit 144: Fuji Electric Co. Ltd. - Key offerings
• Exhibit 145: Fuji Electric Co. Ltd. - Segment focus

• 12.9 General Electric Co. 
• Exhibit 146: General Electric Co. - Overview
• Exhibit 147: General Electric Co. - Business segments
• Exhibit 148: General Electric Co. - Key news
• Exhibit 149: General Electric Co. - Key offerings
• Exhibit 150: General Electric Co. - Segment focus

• 12.10 Hitachi Ltd. 
• Exhibit 151: Hitachi Ltd. - Overview
• Exhibit 152: Hitachi Ltd. - Business segments
• Exhibit 153: Hitachi Ltd. - Key news
• Exhibit 154: Hitachi Ltd. - Key offerings
• Exhibit 155: Hitachi Ltd. - Segment focus

• 12.11 Honeywell International Inc. 
• Exhibit 156: Honeywell International Inc. - Overview
• Exhibit 157: Honeywell International Inc. - Business segments
• Exhibit 158: Honeywell International Inc. - Key news
• Exhibit 159: Honeywell International Inc. - Key offerings
• Exhibit 160: Honeywell International Inc. - Segment focus

• 12.12 Keyence India Pvt. Ltd. 
• Exhibit 161: Keyence India Pvt. Ltd. - Overview
• Exhibit 162: Keyence India Pvt. Ltd. - Product / Service
• Exhibit 163: Keyence India Pvt. Ltd. - Key offerings

• 12.13 OMRON Corp. 
• Exhibit 164: OMRON Corp. - Overview
• Exhibit 165: OMRON Corp. - Business segments
• Exhibit 166: OMRON Corp. - Key news
• Exhibit 167: OMRON Corp. - Key offerings
• Exhibit 168: OMRON Corp. - Segment focus

• 12.14 Rockwell Automation Inc. 
• Exhibit 169: Rockwell Automation Inc. - Overview
• Exhibit 170: Rockwell Automation Inc. - Business segments
• Exhibit 171: Rockwell Automation Inc. - Key news
• Exhibit 172: Rockwell Automation Inc. - Key offerings
• Exhibit 173: Rockwell Automation Inc. - Segment focus

• 12.15 Schneider Electric SE 
• Exhibit 174: Schneider Electric SE - Overview
• Exhibit 175: Schneider Electric SE - Business segments
• Exhibit 176: Schneider Electric SE - Key news
• Exhibit 177: Schneider Electric SE - Key offerings
• Exhibit 178: Schneider Electric SE - Segment focus

• 12.16 Siemens AG 
• Exhibit 179: Siemens AG - Overview
• Exhibit 180: Siemens AG - Business segments
• Exhibit 181: Siemens AG - Key news
• Exhibit 182: Siemens AG - Key offerings
• Exhibit 183: Siemens AG - Segment focus

• 12.17 Yokogawa Electric Corp. 
• Exhibit 184: Yokogawa Electric Corp. - Overview
• Exhibit 185: Yokogawa Electric Corp. - Business segments
• Exhibit 186: Yokogawa Electric Corp. - Key offerings
• Exhibit 187: Yokogawa Electric Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 188: Inclusions checklist
• Exhibit 189: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 190: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 191: Research methodology
• Exhibit 192: Validation techniques employed for market sizing
• Exhibit 193: Information sources

• 13.5 List of abbreviations 
• Exhibit 194: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio