The Industrial Automation Service Market research reports 2023-2030. A detailed study accumulated to offer the Latest insights about acute features of the Global Industrial Automation Service market. This report provides a detailed overview of key factors in the Industrial Automation Service Market and factors such as driver, restraint, past, and current trends, regulatory scenarios, and technology development. This report elaborates on the market size, revenue, and growth of the Industrial Automation Service industry, and breaks it down according to the type, application, and consumption area of Industrial Automation Service. The report also conducted a PESTEL analysis of the industry to study the industry’s main influencing factors and entry barriers.
The global Industrial Automation Service Market size was USD 205.86 Billion in 2022 and is expected to reach USD 395.09 Billion by 2030, with a CAGR of 9.8% from 2023 to 2030.
Some of the key players profiled in the study are:
ABB Ltd. (Switzerland), Siemens AG (Germany), Emerson Electric Company (US), Schneider Electric SE (France), General Electric Company (US), Honeywell International Inc. (US), Yokogawa Electric (Japan), Mitsubishi Electric Corporation (Japan), Ametek Inc. (US), Fanuc (Japan), Rockwell Automation Inc. (US)
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Market Overview
Industrial automation is the application of intelligent technology to industrial processes in order to replace manual, monotonous, and repetitive duties with automated workflows. Moreover, automation reduces manufacturing costs, boosts productivity, and enhances quality and industrial safety. In addition, it improves process control and reduces lead times substantially in comparison to outsourcing or going abroad.
Market Segmentation
Industrial Automation Service Market by Types:
- Distributed control systems (DCS)
- Supervisory control and data acquisition (SCADA)
- Programmable logic control (PLC)
- Manufacturing execution system (MES)
- Others (HMI, EMI, and AM)
Industrial Automation Service Market by Applications:
- Project engineering and installation
- Maintenance and support
- Consulting services
- Operational services
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Regional Insights
In 2021, 36.6% of the total income from the industrial automation and control systems market came from the Asia-Pacific region. This means that this region was the market leader. This strong rise is due to the fact that both big market players and new companies are present. China and India are also driving market growth in this area because they want better factory management options. Integration of standard production facilities into “smart” factories is a common trend that helps industrial automation become more popular.
Europe had more than 15% of the market in 2021, and growth is expected to be around 7% per year from 2022 to 2030. This significant growth is attributed to the fact that manufacturing units in the region are driven to implement the latest technological advancements and digital transformation capabilities to make their business processes as efficient as possible due to rapidly intensifying competition and increasing end-user demands. For example, field devices like motors and sensors help the auto industry react faster to market needs, cut down on production downtime, improve the efficiency of the supply chain, and make more cars.
Country-Level Break-Up:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Influence of the Industrial Automation Service market report:
-Comprehensive assessment of all opportunities and risks in the Industrial Automation Service market.
-Industrial Automation Service market recent innovations and major events.
-Detailed study of business strategies for growth of the Industrial Automation Service market-leading players.
-Conclusive study about the growth plot of the Industrial Automation Service market for forthcoming years.
-In-depth understanding of Industrial Automation Service market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Industrial Automation Service market.
Reasons for Buying this Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow.
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