Industrial Controls and Factory Automation Market size is set to grow by USD 83.68 billion from 2023-2027, changing market dynamics boost the market, Technavio

Key Facts

• Technavio has announced its latest market research report titled Global Industrial Automation Market 2023-2027 For more insights on the historic (2017 - 2021) and forecast market size- Request a sample report Industrial Controls And Factory Automation Market Scope Report Coverage Details Base year 2022 Historic period 2017 - 2021 Forecast period 2023-2027 Growth momentum & CAGR Accelerate at a CAGR of 8.16% Market growth 2023-2027 USD 83.68 billion Market structure Fragmented YoY growth 2022-2023 (%) 7.65 Regional analysis APAC, North America, Europe, South America, and Middle East and Africa Performing market contribution APAC at 42% Key countries US, China, Japan, Germany, and France Key companies profiled ABB Ltd., Azbil Corp., Danfoss AS, Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, FANUC Corp., Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., KROHNE Messtechnik GmbH, OMNIVISION, OMRON Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, WIKA Alexander Wiegand SE and Co. KG, and Yokogawa Electric Corp. Segment Overview This industrial controls and factory automation market report extensively covers market segmentation by Product (SCDA, PLC, DCS, Drives, Sensors) End-user (Process industry, Discrete industry) Geography (APAC, North America, Europe, South America, Middle East and Africa) Market segmentation by Product The Industrial Controls and Factory Automation Market encompasses various technologies, including AC and DC Motors, Labeling Equipment, Human Machine Interfaces, Programmable Logic Controllers (PLCs), Input/Output Sensors, Robotics, Computer Software, and Quality Control systems.
• Insights on the market contribution of various segments including country and region wise, historic (2017 - 2021) and forecast market size- Download a Sample Report * Industrial automation solutions, driven by robotics, AI, and IoT, monitor and control manufacturing plants.
• • The Industrial Controls and Factory Automation market is experiencing significant challenges due to the integration of IIoT, or Industry 4.0.
• Research Analysis The Industrial Controls and Factory Automation Market is experiencing significant growth due to the integration of advanced technologies such as robotics, artificial intelligence, and automation in the industrial sector.

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