Top 5 Companies Leading Industrial Transformation and Dominating the Global Industry 4.0 Market

ABB Ltd., Rockwell Automation Inc., Schneider Electric, Cisco Systems Inc., and Intel Corporation among others, are the major players in the global Industry 4.0 market.

The global industry 4.0 market is expected to grow in the forecast period of 2023-2028 at a CAGR of 18%. As per the analysis by Expert Market Research, the market is expected to be driven by the growing adoption of Industry 4.0 in the automotive sector.

The increasing deployment of Industry 4.0 in the automotive sector to enhance the efficiency of automobile manufacturing is propelling the market growth. As the sector is increasingly attempting to enhance its flexibility and agility while optimising its supply chain, the adoption of Industry 4.0 tools is significantly rising. In addition, various automotive manufacturers are utilising several technologies of Industry 4.0 to predict and capture evolving consumer demands and digitise their operations.

The integration of 5G technology in Industry 4.0 is anticipated to improve the automation of production processes while facilitating real-time monitoring. It is also likely to improve the deployment of data analytics, AI, digital twins, and various smart factory tools, among others, which is expected to support the market growth of Industry 4.0.

The market for Industry 4.0 is being aided by the growing adoption of the Internet of things (IoT) and advancements in 3D printing technology. The increasing adoption of industrial robots in manufacturing operations in countries such as China and South Korea is likely to drive the market for Industry 4.0. Moreover, the advent of 5G technology, big data, blockchain, and IoT advanced engines is expected to favour the market growth of Industry 4.0 in the forecast period.

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Top 5 Major Industry 4.0 Companies in the World:

ABB Ltd.

ABB is a prominent global technology company that aims to transform society and create a sustainable future. It has a workforce of 110,000 skilled employees in over 100 countries. In 2021, it attained net revenue of USD 26 billion. The company has 21 divisions and 4 major areas. In September 2021, it invested USD 13 million to expand its presence in the Canadian market.

Rockwell Automation Inc.

Rockwell Automation is a prominent industrial automation company that aims to connect people with technologies. With a wide presence in more than 100 countries and an employee base of 25,000, the company generated revenue of USD 7 billion in 2021. A total of 20 of its sites are ISO 45001 and ISO 14001 certified and it reclaims or recycles 86% of its overall waste.

Schneider Electric

Schneider Electric is a technology company engaged in energy automation and digital transformation of management. Its integrated solutions are widely used in data centres, homes, buildings, industries, and infrastructures. It has an employee base of 128,000 across the world and generated revenue of EUR 28.9 billion in 2021. In March 2021, the company formed a joint venture with SUEZ to develop and market digital solutions for water cycle management.

Cisco Systems Inc.

Cisco Systems is a prominent software and technology company that aims to transform digital infrastructure and secure users’ data. It offers innovative products and solutions in the networking, data centres, analytics, and security segments, among others. In 2021, its software segment attained revenue of USD 15 billion.

Intel Corporation

Intel Corporation is a leading technology company that aims to address the evolving requirements of a data-centric world. Its comprehensive product portfolio finds use in various technologies like cloud computing, edge computing, 5G network, autonomous driving, and artificial intelligence (AI). The company is a major manufacturer of semiconductor chips and intends to enable consumers to harness the power of technology.