Automation Solutions Market Forecasts to 2028 – Global Analysis By Type (SCADA, MES, PLC), Solution (DCS, PLM), End User (Chemical, Mining), Sales Channel (Distributor, Direct Sales) and By Geography
According to Stratistics MRC, the Global Automation Solutions Market is accounted for $191.25 billion in 2020 and is expected to reach $448.09 billion by 2028 growing at a CAGR of 11.23% during the forecast period. Owing to the growth prospects in the residential real estate, rising demand for automation in warehouses, emergence of IIoT analytics for improving ease of monitoring and service management are driving the market growth. However, unreliable connectivity among master system and on-site operations are hampering the growth of the market.
Automation solutions represent technology that enables execution of jobs with minimum human assistance using a control system. These solutions increase the productivity and efficiency of mining operations and ensure equipment and manpower safety. Automated solutions provide a communication platform for humans to monitor and operate machines and equipment without being exposed to dangerous mining environments where the probability of encountering uncertainties is high.
Based on the end user, the food and beverage segment is going to have lucrative growth during the forecast period as automation solutions are a clear solution to relieve food safety and quality pressures as automated processes are proven to increase efficiency, improve traceability, and protect the brand’s reputation. Automation and modern analytics tools can be deployed to track products and goods from inception to fulfilment.
By geography, Asia Pacific is going to have high growth during the forecast period due to the growing exploration activities in Australia and the presence of leading mining companies, and moreover, emerging economies and the rise in the transition from manual cognitive work to automated cognitive work are anticipated to improve the market growth in the region.
Some of the key players profiled in the Automation Solutions Market include Rockwell Automation, Schneider Electric, Siemens, Honeywell, Emerson Electric, Koyo Electronics, ABB Group, Mitsubishi Electric Corp., Yokogawa Electric Co., Omron Corporation and Hitachi Ltd.
Estimated Market Size in 2020:
USD 191.25 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 448.09 billion
Tables, Graphs & Figures
Type, Solution, End User, Sales Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Supervisory Control and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Manufacturing Execution Systems (MES)
• Excitation Systems
• Distributed Control System (DCS)
• Product Lifecycle Management (PLM)
• Equipment Automation
End Users Covered:
• Oil & Gas
• Security and Surveillance
• Food and Beverage
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Automation Solutions Market is majorly driven by owing to the growth prospects in the residential real estate, rising demand for automation in warehouses and emergence of IIoT analytics.
The food and beverage segment is growing at a highest CAGR as automation solutions are a clear solution to relieve food safety and quality pressures as automated processes are proven to increase efficiency, improve traceability, and protect the brand’s reputation.
North America dominated with a significant market share owing to largest implementation of industrial robotics in various industries. North American manufacturers across all industries are establishing the advancement foundation by increasingly enhancing their level of automation.
Asia Pacific market is growing at a highest CAGR due to the growing exploration activities in Australia and the presence of leading mining companies and the rise in the transition from manual cognitive work to automated cognitive work improve the market growth in the region.
Key players in Automation Solutions Market include Rockwell Automation, Schneider Electric, Siemens, Honeywell, Emerson Electric, Koyo Electronics, ABB Group, Mitsubishi Electric Corp., Yokogawa Electric Co., Omron Corporation and Hitachi Ltd.
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