Industrial Control & Factory Automation Market size was valued at US$ 155.81 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 8.2% through 2024 to 2030, reaching nearly US$ 270.52 Bn.
Industrial Control & Factory Automation Market Overview
The market growth drivers and challenges, as well as company plans, procedures, and a detailed financial strategy, are all explored in the research. Customization, as well as extensive information about Industrial Control & Factory Automation industry potential, meets customer expectations. The global Industrial Control & Factory Automation market study investigates the industry's competitive landscape and leading players. In light of modern industrial conditions, this global Industrial Control & Factory Automation market study help with structure planning.
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Industrial Control & Factory Automation Market Report Scope and Research Methodology
The report clearly represents a global Industrial Control & Factory Automation Market structure, which includes current trends in the market and forecasts to identify potential investment areas. It consists of various factors affecting the global Industrial Control & Factory Automation market such as historical data, recent technological development, competitive landscape and government policy. The Industrial Control & Factory Automation Market report provides information on major drivers, restraints, challenges and opportunities for clients. For easy understanding, the market has been divided into three major segments and these major segments of the Industrial Control & Factory Automation Market were further divided into various sub-segments. The report also includes a segment-wise analysis of the factors influencing the market growth with the competitive analysis, major market players have been included in the report by their expansion plans, product, investments, pricing and presence in the Industrial Control & Factory Automation industry.
Both primary and secondary research methods were used and the data collected for the Industrial Control & Factory Automation Market report by using these methods were combined to draw accurate and error-free inferences. The primary research included interviews with subject-matter experts, Industrial Control & Factory Automation industry participants, high-level executives of key market players, industry consultants and other experts. The Industrial Control & Factory Automation Market report includes a PESTLE analysis, which aids in the development of company strategies. SWOT analysis was conducted to provide the strengths and weaknesses of the Industrial Control & Factory Automation Market.
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Industrial Control & Factory Automation Market Regional Insights
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the global Industrial Control & Factory Automation market. The report forecasts the revenue growth at global, regional and country levels in terms of USD value from 2023 to 2030. Regional analysis with the Industrial Control & Factory Automation market size of each region is included in the report. The countries portion of the research examines a variety of market elements that are expected to influence current and future Industrial Control & Factory Automation market trends, as well as changes in market rules at the country level. Some of the primary components used to forecast each country's Industrial Control & Factory Automation market situation include consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.
Industrial Control & Factory Automation Market Segmentation
Based on the Solution, the Industrial Control & Factory Automation Market is segmented into SCADA, PAM, PLC, DCS, MES, and Industrial Safety. PAM solution segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. This segment may be contributing to the adoption of PAM systems in process and discrete sectors to construct a comprehensive data repository connected to varied plant equipment, from uptime performance to life cycle cost assessment.
Industrial Control & Factory Automation Market Key Players
- ABB Ltd. (Switzerland)
- Endress+Hauser AG (Switzerland)
- Emerson Electric Co. (US)
- General Electric (US)
- Rockwell Automation, Inc. (US)
- Schneider Electric SE (France)
- Siemens AG (Germany)
- Mitsubishi Electric Corp. (Japan)
- Honeywell International Inc. (US)
- Yokogawa Electric Corp. (Japan)
- Titan Engineering and Automation Limited (India)
- B&R Industrial Automation Pvt. Ltd. (India)
- Larsen and Toubro (India)
Key Questions answered in the Industrial Control & Factory Automation Market Report are:
- What are the Industrial Control & Factory Automation market segments?
- Which segment in the Industrial Control & Factory Automation market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Industrial Control & Factory Automation market?
- What key trends are expected to emerge in the Industrial Control & Factory Automation market during the forecast period?
- What was the Industrial Control & Factory Automation market size in 2023?
- Which region dominated the global Industrial Control & Factory Automation market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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