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Industrial Automation Control Market Worth USD 25.18 Billion During 2020-2024 | Technavio

·5-min read

The industrial automation control market is expected to grow by USD 25.18 billion, progressing at a CAGR of almost 5% during the forecast period.
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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201127005172/en/

Technavio has announced its latest market research report titled Global Industrial Automation Control Market 2020-2024 (Graphic: Business Wire)

The increasing focus towards smart factories is one of the major factors propelling market growth. However, factors such as exposure to cybersecurity threats will hamper the market growth.

More details: https://www.technavio.com/report/industrial-automation-control-market-size-industry-analysis

Industrial Automation Control Market: Product Landscape

Sensors convert a physical quantity into electrical signals and these signal indications are processed through an electronic automation system and portray physical variations or error signals in the device or instrument. Market growth in this segment will be faster than the growth of the market in the drivers SCADA and PLC segment.

Industrial Automation Control Market: Geographic Landscape

The rising industrialization and increasing investments in power, water and wastewater treatment, and food and beverages industries will significantly drive industrial automation control market growth in this region over the forecast period. 45% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial automation control in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

  • ABB Ltd.

  • Eaton Corporation Plc

  • Emerson Electric Co.

  • General Electric Co.

  • Honeywell International Inc.

  • OMRON Corp.

  • Rockwell Automation Inc.

  • Schneider Electric SE

  • Siemens AG

  • Yokogawa Electric Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • Sensors - Market size and forecast 2019-2024

  • DCS - Market size and forecast 2019-2024

  • Drives - Market size and forecast 2019-2024

  • SCADA - Market size and forecast 2019-2024

  • PLC - Market size and forecast 2019-2024

  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments

  • Comparison by End-user

  • Process industry - Market size and forecast 2019-2024

  • Discrete industry - Market size and forecast 2019-2024

  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • ABB Ltd.

  • Eaton Corp. Plc

  • Emerson Electric Co.

  • General Electric Co.

  • Honeywell International Inc.

  • OMRON Corp.

  • Rockwell Automation Inc.

  • Schneider Electric SE

  • Siemens AG

  • Yokogawa Electric Corp.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201127005172/en/

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