Gangtok Chronicle

Industrial Automation Market Is Growing At 8.40% CAGR Between The Forecast Period 2022 To 2028 : Statistics Report By Credence Research

 Breaking News
  • No posts were found

Industrial Automation Market Is Growing At 8.40% CAGR Between The Forecast Period 2022 To 2028 : Statistics Report By Credence Research

November 16
19:35 2022
In 2021, the North American region was anticipated to hold the largest share of the global industrial automation market. The U.S.exported approximately USD 12.7 Billion worth of automation equipment. Moreover, the U.S. is the third-largest global exporter after China and Germany. Globally, the U.S. is a competitive top–tier supplier of the automation equipment market.

The Global Industrial Automation Market generated revenue of around USD 194.5 billion in 2021 and is anticipated to grow a CAGR of over 8.40% during the forecast period from 2022 to 2028 to reach around USD 315.5 billion in 2028.  

The industrial automation market is growing rapidly due to the high adoption of automation solutions in the manufacturing, chemicals & materials, and pharmaceutical sectors. With the implementation of automation components such as sensors, robots, machine vision systems, and enterprise control solutions, companies can drastically reduce operating and labor costs. Manufacturing companies are increasingly investing in industrial automation technologies to improve system reliability & efficiency and eliminate production errors caused by human labor.

The global industrial automation market is bifurcated into deployment type, component, and end-use industry, and geography. Based on deployment type, the market is categorized into the industrial robots, process analyzer, machine vision system, human machine interface, field instruments, industrial sensors, industrial 3d printing, industrial pc, and vibration monitoring. Based on component, the global market is segmented into plant asset management, manufacturing execution system, industrial safety, programmable logic controller, distributed control system, supervisory control and data acquisition. Based on end-use industry, the market is categorized into automotive, metals & mining, water & wastewater treatment, electronic & semiconductors, energy & power, machine manufacturing, food & beverages, pharmaceuticals & medical devices, chemicals, oil & gas and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Browse Global Industrial Automation Market report- https://www.credenceresearch.com/report/industrial-automation-market

In 2021, Asia Pacific dominated the global industrial automation market and accounted for the largest market revenue share in terms of value, due to advancement in technology and integration with the manufacturing environment. The increasing application and strong presence of manufacturing companies and the developing economy of Asian countries play a key role in the development of the market. In addition, India, China, and South Korea have robust automotive, consumer goods, electronics, and pharmaceutical manufacturing industries. Moreover, government initiatives and policies supporting the digitization of manufacturing plants and investments in the IIoT in these countries are major factors boosting the adoption of industrial automation solutions.

Why Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global industrial automation market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level
  • In-depth analysis of the global industrial automation market segmentation based on deployment type, component, and end-use industry.
  • Major countries in each region with their import/export statistics
  • The global industrial automation market report also includes analysing the global, regional, and country levels, along with key market trends, significant players analysis, market growth strategies, and key application areas.

Table of content:

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

 

2. Executive Summary

2.1. Market Snapshot: Global Industrial Automation Market

2.2. Global Industrial Automation Market, By Deployment Type

2.3. Global Industrial Automation Market, By Component

2.4. Global Industrial Automation Market, By End-Use Industry

2.5. Global Industrial Automation Market, By Region

 

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Industrial Automation Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. Deployment Type

3.3.2. Component

3.3.3. End-Use Industry

3.3.4. Geography

 

4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Deployment Types

4.2.5. Intensity of Competitive Rivalry

4.3. Value Chain Analysis

4.4. Technology Analysis

4.5. Marketing Strategy Analysis

4.5.1. Direct Marketing

4.5.2. Indirect Marketing

4.5.3. Marketing Channel Development Trend

 

5. Market Positioning of Key Players, 2021

5.1. Company market share of key players, 2021

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Component Launch

5.5.5. Geographical Expansion

5.5.6. Others

 

6. COVID 19 Impact Analysis

6.1. Global Industrial Automation Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply

……… toc continued

 

Browse Global Industrial Automation Market report- https://www.credenceresearch.com/report/industrial-automation-market

 

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Recently Published Reports –

Wearable Camera Market –  https://www.credenceresearch.com/report/wearable-camera-market

Asset Management Market –   https://www.credenceresearch.com/report/global-asset-management-market

Media Contact
Company Name: Credence Research
Contact Person: Gunakesh Parmar
Email: Send Email
Phone: +91-8668442535
City: Gwalior
State: MP
Country: United States
Website: https://www.credenceresearch.com/report/industrial-automation-market