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The global industrial control and factory automation market reached a value of about USD 151.35 billion in 2023. The industry is further expected to grow at a CAGR of 7.90% in the forecast period of 2024-2032 to reach a value of around USD 299.24 billion by 2032.
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The Asia Pacific is one of the major contributors to the growth of the industrial control and factory automation industry owing to the robust growth of the construction industry. As the construction industry extensively deploys industrial control and factory automation, the market is expanding at a healthy rate in the region. Moreover, the increasing construction of green buildings in the region owing to the introduction of favourable government initiatives to boost the energy-efficiency of buildings is surging the adoption of industrial control and factory automation. With the growing concerns regarding rapid climate change in the industrial sector, the use of industrial control and factory automation components and systems is increasing to reduce carbon footprint and bolster productivity, which is invigorating the market growth.
The market is being driven by the rising adoption of automation technology across all industrial sectors in countries like China and India. As China is one of the leading markets for industrial robots, factory automation in the country is significantly surging. The robust growth of the manufacturing sector in India and China are also augmenting the growth of the industrial control and factory automation industry. The growing adoption of innovative industrial control system software, to facilitate factory automation, is estimated to bolster the market growth. Further, manufacturing companies are strategising their manufacturing processes to enhance their profitability by adopting automation across their production sites, which is projected to provide impetus to the growth of the market.
The usage of control systems like computers or robots and information technology to handle various processes and machines in an industry to replace a human being is known as industrial automation and factory automation. It is the next step in the industrialisation process after mechanisation. Using closed-loop control approaches, industrial processes use automation technologies to automatically adjust process variables to set or desired levels. Industrial automation improves worker safety by replacing people with automated machines in hazardous working environments.
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Based on component, the market is divided into:
By solution, the market is segmented into:
On the basis of industry, the market is divided into:
The EMR report looks into the regional markets of industrial control and factory automation like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growing trend of connected enterprises in the industrial sector is fuelling the growth of the industrial control and factory automation industry. As efficient information flow across different units in industries is crucial for increased production activities, the demand for automation is surging. The increasing requirement for enhanced productivity and the manufacturing of quality products are driving the demand for advanced tools and software systems. This, in turn, is significantly contributing to the growth of the market for industrial control and factory automation.
The introduction of various favourable government initiatives to promote industrial automation is bolstering the market growth. The growing adoption of emerging technologies such as the Internet of things (IoT) and Artificial Intelligence (AI) in industrial environments and the growing focus on optimum utilisation of resources are propelling the market growth of the industrial control and factory automation. With the growing focus to futureproof industrial operations, in the wake of the COVID-19 crisis, the demand for industrial control and factory automation systems is surging, which is estimated to further bolster the growth of the market in the forecast period.
The report gives a detailed analysis of the following key players in the global industrial control and factory automation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Solution |
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| Breakup by Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global industrial control and factory automation market attained a value of about USD 151.35 billion.
The market is projected to grow at a CAGR of 7.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 299.24 billion by 2032.
The major drivers of the market include the rising construction of green building, the robust growth of the construction industry, and the increasing adoption of industrial control and factory automation systems in the manufacturing sector.
The growing trend of connected enterprises, the increasing adoption of technologies such as Internet of Things (IoT) and Artificial Intelligence (AI) in industrial environments, and the rising focus to automate industrial operations are projected to propel the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various components of industrial control and factory automation are industrial robots, machine vision system, process analyser, field instruments, human–machine interface (HMI), industrial PC, industrial sensors, industrial 3D printing, and vibration monitoring, among others.
The significant solutions of industrial control and factory automation are supervisory control and data acquisition (SCADA), programmable logic controller (PLC), distributed control system (DCS), manufacturing execution system (MES), industrial safety, and plant asset management (PAM).
The major industries of industrial control and factory automation are process industry and discrete industry.
The major players in the industry are ABB Ltd, Emerson Electric Co., Siemens AG, Mitsubishi Electric Corporation, and Rockwell Automation, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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