Industrial Controls and Factory Automation Market 2023 Size, Current Insights and Development Trends, Top Key Players, SWOT Analysis and Forecast to 2030
Industrial Controls and Factory Automation Market
Industrial controls and factory automation use set technologies and automatic control devices that results the automatic operation and control of industrial processes without significant human intervention and achieving superior performance than manual control. These automation devices include PLCs, PCs, PACs, etc. and technologies include various industrial communication systems. It facilitates to increase the product quality, reliability and production rate while reducing production and design cost by adopting new, innovative and integrated technologies and services.This report focuses on global and United States Industrial Controls and Factory Automation market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global Industrial Controls and Factory Automation market size is estimated to be worth USD 147860 million in 2022 and is forecast to a readjusted size of USD 224400 million by 2028 with a CAGR of 7.2% during the review period. Globally, the industrial controls and factory automation industry market is relatively concentrated as the manufacturing technology of industrial controls and factory automation is relatively high. And some enterprises, like SIEMENS, Mitsubishi Electric and ABB, etc. are well-known for the wonderful performance of their industrial controls and factory automation and related services. The consumption volume of industrial controls and factory automation is related to downstream industries and global economy. Industrial controls and factory automation is widely used in many industries and general manufacturing industry has the largest market share of no more than 35%, which followed by automotive industry of market share of about 30%.Industrial Controls and Factory Automation market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Industrial Controls and Factory Automation market will be able to gain the upper hand as they use the report as a powerful resource.
Major players covered in Industrial Controls and Factory Automation Market are:
- Siemens
- Mitsubishi Electric
- ABB
- Emerson
- Rockwell Automation
- Schneider Electric
- Keyence
- Bosch Rexroth
- Honeywell
- Fanuc
- Omron
- Yokogawa Electric
- Fuji Electric
- KuKa
- Inovance Group
- General Electric
Market Segment by Type:
- Control Systems
- Measurement and Analytical Products
- Switches and Safety Components
- Industrial Robot
- Others
Market Segment by Application:
- Oil and Gas
- Power Industry
- Automotive
- General Manufacturing
- Others
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