The Global Industrial Automation Market size was valued at around USD 162 billion in 2023 and is expected to register a CAGR of around 10.8% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.

Global Industrial Automation Market Driver:

Increasing Implementation of Industrial IoT to Boost Market Value – The significance of IoT in industrial automation is boosting the market size worldwide as it facilitates the development and optimization of efficient, economical, and adaptable system frameworks. The integration of Industrial IoT (IIoT) solutions enables connectivity between industrial resources for swift transparency and heightened efficiency. IIoT in conjunction with edge computing simplifies device management throughout its lifecycle across manufacturing processes.

Several companies are implementing their own industrial IoT technology to enhance their efficiency, productivity, and overall performance. One such instance is Siemens, which developed its own industrial IoT offerings, such as MindSphere, Mendix, and IndustrialEdge that rely on automation technologies for insights derived from industrial data.  Hence, organizations implement these technologies to streamline their operations while enhancing customer satisfaction. Consequently, there is a projected market growth trajectory due to the widespread adoption and implementation of IIoT within various industries.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Industrial Automation Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• By Component
  • Field Devices
    • Industrial Robots- Market Size & Forecast 2020-2030, (USD Million)
    • Human Machine Interface (HMI)- Market Size & Forecast 2020-2030, (USD Million)
    • Control Valves- Market Size & Forecast 2020-2030, (USD Million)
    • Sensors- Market Size & Forecast 2020-2030, (USD Million)
    • Industrial 3D Printing- Market Size & Forecast 2020-2030, (USD Million)
    • Others (Machine Vision, Fields Instruments, etc.)- Market Size & Forecast 2020-2030, (USD Million)
  •   Industrial Control Systems
    • Supervisory Control and Data Acquisition (SCADA)- Market Size & Forecast 2020-2030, (USD Million)
    • Programmable Logic Controller (PLC)- Market Size & Forecast 2020-2030, (USD Million)
    • Distributed Control System (DCS)- Market Size & Forecast 2020-2030, (USD Million)
    • Manufacturing Execution System (MES)- Market Size & Forecast 2020-2030, (USD Million)
    • Product Lifecycle Management (PLM)- Market Size & Forecast 2020-2030, (USD Million)
    • Others (Industrial Safety, Plant Asset Management (PAM), etc.)- Market Size & Forecast 2020-2030, (USD Million)
• By Level of Automation
  • Semi-automatic- Market Size & Forecast 2020-2030, (USD Million)
  • Fully Automatic- Market Size & Forecast 2020-2030, (USD Million)
• By End User
  • Automotive- Market Size & Forecast 2020-2030, (USD Million)
  • Mining- Market Size & Forecast 2020-2030, (USD Million)
  • Water & Wastewater Management- Market Size & Forecast 2020-2030, (USD Million)
  • Electronic & Semiconductors- Market Size & Forecast 2020-2030, (USD Million)
  • Energy- Market Size & Forecast 2020-2030, (USD Million) & Power
  • Food & Beverages- Market Size & Forecast 2020-2030, (USD Million)
  • Oil & Gas- Market Size & Forecast 2020-2030, (USD Million)
  • Others (Pharmaceuticals, Chemicals, etc.) - Market Size & Forecast 2020-2030, (USD Million)
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific  

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - ABB Ltd., Dwyer Instruments, Emerson Electric Co., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens AG, Yokogawa Electric Corporation, Fanuc Corporation, WIKA Gmbh, Stratasys, 3D Systems Corp., and Others are looking forward to strengthening their market positions.

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Global Industrial Automation Industry Recent Development:

2025: Polysciences Inc., a leading chemical manufacturer partnered with Formic Automation to integrate automation into their manufacturing processes. Polysciences intended to increase operational efficiency by minimizing manual tasks that were becoming a production bottleneck and reducing the OPEX by 35%. 

2023: ABB India secured a contract to provide electrification and automation systems for ArcelorMittal Nippon Steel India's (AM/NS India) advanced steel cold rolling mill in Hazira, Gujarat. The project includes the installation of the ABB Ability System 800xA distributed control system along with relevant machinery and supplies.

2022: Dwyer Instruments launched the Series 685 differential pressure transmitter. These transmitters can be set up in any orientation and come equipped with a response time that is adaptable as per user preferences, eliminating the need for external calibration equipment.

Data-Driven Insights Backed by Proven Research

We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.

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