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Global Industrial Automation Market Is Expected To Have A Significant CAGR Of 7% During 2022-2032

The global Industrial Automation Market is expected to grow at a 7% CAGR during the forecast period, reaching a valuation of US$ 51 billion by 2026, up from US$ 36 billion in 2021.

The efficient flow of information across multiple units in the industry enables the most efficient conversion of raw materials to finished goods, emphasizing the importance of the connected enterprise system as a primary driver for the industrial automation market.

COVID-19 had a significant impact on the value chain and demand for industrial automation. The pandemic lowered demand for industrial automation solutions in countries hard hit by the disease’s spread.

The internet of things (IoT) played an important role in industrial automation during COVID-19 because it aids in the creation of efficient, cost-effective, and responsive system architectures. Industrial Internet of Things (IIoT) solutions aided in connecting industrial assets, increasing efficiency, and generating transparency quickly.

Throughout the lifespan, IIoT and edge computing solutions make device management and shop floor software easier. As a result, businesses began to employ IIoT solutions to automate the manufacturing process and boost customer satisfaction. Such widespread adoption of IIoT solutions is likely to fuel industrial automation market growth.

Manufacturers in end-user industries such as oil and gas, food and beverage, automotive, and aerospace and defense are looking for solutions to help them with real-time data analysis, proactive maintenance, and better visibility of the manufacturing plant to improve plant efficiency.

Furthermore, industrial automation technologies like HMI enable manufacturers to closely monitor production processes and quickly adapt to changing demands, resulting in increased operational efficiency and reduced unplanned downtime.

Predictive maintenance and asset management solutions provide users with greater visibility into the state of their equipment by monitoring parameters such as temperature, current, voltage, speed, vibration, and location. It also predicts when components are likely to fail, allowing for much earlier intervention and increased efficiency. As a result, the efficiency of industrial automation will rise over time.

Key Segments

By Deployment:

  • Industrial Robots
  • Machine Vision System
  • Process Analyzer
  • Field Instruments
  • Human Machine Interface (HMI)
  • Industrial PC
  • Industrial Sensors
  • Industrial 3D Printing
  • Vibration Monitoring

By Component:

  • Supervisory Control And Data Acquisition (SCADA)
  • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • Manufacturing Execution System (MES)
  • Industrial Safety
  • Plant Asset Management (PAM)

By End-use Industry:

  • Oil & Gas
  • Chemicals
  • Pharmaceuticals & Medical Devices
  • Food & Beverages
  • Energy & Power
  • Automotive
  • Machine Manufacturing
  • Water & Wastewater Treatment
  • Electronics & Semiconductors
  • Metals & Mining
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • the Asia Pacific
  • the Middle East and Africa (MEA)

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