Unlock new opportunities in Worldwide Industrial Automation Device Manager Software Market: the latest release from HTF MI highlights the key market trends impacting the growth of theWorldwide Industrial Automation Device Manager Software MarketGet detailed Research report with in-depth trend Analysis, growth outlook & forecast Know more about the key market trends and drivers in latest broadcast about Thermal Imaging Camera for Industrial Automation Market from HTF MI. The offering enables companies with little experience in automation to utilize automated systems they would be otherwise unable to manage. Due to the COVID-19 pandemic, robots are projected to play a major role in bringing jobs back to the United States, improving factory productivity, and helping manufacturers adapt to changing . CHICAGO, Sept. 27, 2022 /PRNewswire/ Industrial Control & Factory Automation Market size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2%, according to a new report by MarketsandMarkets. "System Integrator for Industrial Automation market size was valued at USD 48531.0 million in 2021 and is expected to expand at a CAGR of 4.33% during the forecast period, reaching USD 62577.0 . The industrial automation control market was valued at US$ 158.5 billion in 2018 and is projected to reach US$ 324.6 billion by 2027; it is expected to grow at a CAGR of 8.0% during 2019-2027. Industrial Automation Market Outlook 2022-2032 [309 Pages Report] The global Industrial Automation Market is expected to have a significant CAGR of 7% during the forecast period to reach a valuation of US$ 77 Bn by 2032, up from US$ 36 Bn in 2021.. Asia Pacific Industrial Pumps Market by Product Type, Drive Mechanism, End Use & Region - Forecast 2022 - 2032. The global industrial automation market attained a value of USD 153 billion in 2020, driven by the growing demand for smarter solutions to manage industrial plants. A new research report on the Global Industrial Automation Market titled has recently published by Market Research Update to its humongous database which helps to shape the future of the businesses by making well-informed business decisions.. Global IAE revenue last year growth reached $214.7 billion, up a small 1.2% from $212.3 billion in 2018. By 2023, this figure is set to rise to $12.61 billion - representing a CAGR of 13.3%. The regional impact of COVID-19 has been unprecedented and staggering, with industrial automation witnessing a negative impact on demand across the regions amid the pandemic. - 118) 7.1 introduction figure 33 industrial automation market, by solution table 32 uses of different solutions in manufacturing industries figure 34 pam segment is expected to grow at highest cagr from 2021 to 2026 table 33 industrial automation market in the middle east & africa, by . The global industrial automation software industry analysis conducted by BIS Research highlights that the market generated $35.39 billion in 2018 and is estimated to grow at a CAGR of 8.39% during the forecast period, 2018-2023. The factors propelling the market growth mainly includes extensive use of enabling technologies in manufacturing, Continuous innovation in industrial robotics boosts its adoption in manufacturing and need for mass production and connected supply chain to cater to the . Lead the change, armed with right insights. Between 2017 and 2019, companies using automation for mission-critical processes rose . of Pages: 202. As per the market research report, the market will reach a high value by the end of 2023. While the S&P 500 is up nearly 12% so far this year, ABB has gained roughly 21% while . The Indian Industrial Automation Market is still evolving and its prospects are good . U.S and major Europe economies are the leading markets for automated processes and control technologies. The market is expected to grow at a compound annual growth rate (CAGR) of around nice percent . India's industrial automation sector has been revolutionized by combining digital and physical aspects of manufacturing to deliver optimum performance. The industrial automation market is set to grow at a CAGR of 9.35% during the forecast period 2018 to 2023. Industrial automation software industry report classifies global market by share, trend, growth and on the basis of type, deployment, end use, and region. Key Players The key players of global industrial automation market are Siemens AG, ABB Ltd, Emerson Electric Co., General Electric Company, Schneider Electric SE, Honeywell International, Inc . During the Yokogawa-sponsored conference . Industrial Automation Software Market Scope: By type, the market is segmented into SCADA, DCS, MES, HMI, and PLC. The global Industrial Automation Market size is projected to grow from USD 205.86 billion in 2022 to USD 395.09 billion in 2029 at a CAGR of 9.8% in the forecast period, 2022-2029. In comparison, 171,000 units were sold between 2010 and 2014 - a 48% increase. The global Industrial Automation for Oil and Gas market size is projected to reach USD milpon by 2028, from USD . The industrial automation market is segmented on the basis of type, component, solution and industry. Based on our analysis, the market in the UK and Ireland . By application, the market is divided into Automotive, Oil and gas . Accounting for the exceptional advancements in technology over the past decade, Fortune Business Insights states that global industrial automation market is projected to reach a whopping $296.70 billion by the end of 2026. non-industrial) market is worth $6.76 billion. The UK and Ireland industrial automation market size was USD 7.93 billion and 1.24 billion in 2020, respectively. The global industrial automation market was valued at $196.4 billion in 2021, and is projected to reach $443.5 billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031. The market for industrial automation products and services is forecast to reach $352 billion by 2024, according to a report by Transparency Market Research. Smart Production Technology > | The Industrial Automation (founded by Ferdinando Salaris) | Via Trento, 17 - 20026 Cologno Monzese (Mi) - Italy. The size of the industrial automation market in Europe was USD 63.7 billion in 2021. Global Industrial Automation Market Size Estimates and Forecasts, By Segments, 2018-2029. Analysts expect the industrial automation market to grow at a CAGR of 9.2% in the 2021-2028 period, reaching $355.44 bln in 2028. In this article, we have labeled out the leading industry developments in the industrial automation market. How technological advancements is changing the dynamics of Thermal Imaging Camera for Industrial Automation Market. According to Precedence Research, the global industrial automation market size was reached at USD 196.6 billion in 2021 and is predicted to hit around USD 412.8 billion by 2030, registering growth . The global market for industrial automation equipment (IAE) is expected to improve modestly in the next few years, despite a slowdown in growth in 2019. The global Industrial Automation market size is projected to reach USD 212410 Million by 2027, from USD 130710 Million in 2020, at a CAGR of 6.7% during the forecast period 2021-2027. The global industrial automation market is expected to reach approximately USD 216.47 billion by 2023, growing at a CAGR of 9.35% between 2018 and 2023. Market Analysis and Insights: Global Industrial Automation and Instrumentation Market. Unlock new opportunities in Southeast Asia Industrial Automation Runtime Software Market Report: the latest release from HTF MI highlights the key market trends impacting the growth of theSoutheast Asia Industrial Automation Runtime Software Market ReportGet detailed Research report with in-depth trend Analysis, growth outlook & forecast While last year's uptick was a marked improvement from the market's contraction in . The average annual number of robots sold was approximately 115,000 units from 2005 and 2008. Autonomy as a service is the offering of automated, fully unmanned systems by a service provider. The Indian industrial automation market was valued at USD 10.72 billion in 2021, and it is expected to reach USD 23.09 billion by 2027, at a CAGR of 14.26% over the forecast period (2022 - 2027). The industrial automation sector continues to grow, with no sign of slowing down. Manufacturing industries account for 15% GDP of Europe. Increasing adoption of technologies such as AI and IoT in industrial environments, increasing number of government initiatives to . Market Analysis and Insights: Global Industrial Automation for Oil and Gas Market. Industrial automation refers to the use of control systems, such as . The global industrial automation market is expected to grow from $164.74 billion in 2021 to $178.88 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. Automation in the industrial workplace improves performance and efficiency by minimizing duplication and waste, enhancing the quality of life, and giving the industrial process more . The global industrial automation software market size reached USD 33.54 billion in 2020 and is expected to reach USD 60.83 Billion in 2028 registering a CAGR of 7.8%. LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global industrial automation control market size and it is poised to grow by USD 25.18 billion during 2020-2024, progressing at a CAGR of . By 2025, that figure is expected to rise to roughly $265 billion, representing an approximately 9 percent compound annual growth rate.i M&A activity remains strong in the sector, with several macro factors such as reshoring and labor shortage . Sources Predict Industrial Automation Market Size To Hit Close To 300 Billion By 2026. The report on the . FMI offers industrial automation and equipment research reports with in-depth industry analysis, market growth & segmentation. The COVID-19 pandemic has significantly impacted the value chain and increased the demand for industrial automation market. [342 Pages Report] The global industrial control & factory automation market size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2%. The efficient flow of information across multiple units in an industry allows for the most efficient conversion of raw materials to completed goods . Five Industrial Automation Trends for 2022. Pune, India, Oct. 25, 2021 (GLOBE NEWSWIRE) -- The global industrial automation market size is expected to gain momentum by reaching USD 355.44 billion by 2028 while exhibiting a CAGR of 9.2% . The Industrial Automation Market in India will witness a CAGR of 11.6% during the forecast period 2018-2026. 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