Electric Automation Market
Electric Automation Market Forecasts to 2030 - Global Analysis By Type (Fixed/Hard Automation, Programmable Automation and Flexible/Soft Automation), Process Components (Sensors & Measurement Devices, Actuators & Motion Controls, Power Supply Units, Communication Interfaces, Safety Systems and Industrial Controllers), Control Systems, Functional Area, Application, End User and By Geography
According to Stratistics MRC, the Global Electric Automation Market is accounted for $234.6 billion in 2024 and is expected to reach $389.1 billion by 2030 growing at a CAGR of 8.8% during the forecast period. Electric automation refers to the use of electrical systems, devices, and technologies to control, monitor, and optimize industrial processes and operations with minimal human intervention. It integrates components such as sensors, actuators, programmable logic controllers (PLCs), and software to enhance efficiency, accuracy, and productivity. Widely applied in manufacturing, energy, and transportation, electric automation streamlines repetitive tasks, reduces errors, and ensures real-time decision-making. This innovation is crucial for achieving cost-effectiveness, safety, and scalability in modern industrial and commercial environments.
According to a report by the International Energy Agency (IEA), the global demand for electricity is projected to grow by about 50% between 2021 and 2050.
Market Dynamics:
Driver:
Government regulations and incentives
Government regulations and incentives are key drivers for the electric automation market. Policies promoting energy efficiency and sustainability encourage industries to adopt automated solutions that reduce energy consumption and emissions. Incentives such as tax breaks and subsidies further support the transition to automation by offsetting initial costs. These measures not only drive technological adoption but also foster innovation, as companies seek to meet regulatory standards while benefiting from financial incentives. As governments worldwide prioritize environmental goals, the demand for electric automation solutions continues to rise.
Restraint:
Integration challenges
Integration challenges pose a significant restraint on the electric automation market. The complexity of integrating new automated systems with existing infrastructure can lead to increased costs and extended implementation timelines. Compatibility issues between different technologies and platforms can further complicate the process, requiring specialized expertise and resources. These challenges can deter companies from adopting automation solutions, particularly small and medium-sized enterprises with limited budgets and technical capabilities, thereby slowing market growth.
Opportunity:
Growth in electric vehicles
The growth in electric vehicles (EVs) presents a substantial opportunity for the electric automation market. As the automotive industry shifts towards electrification, there is an increasing need for automated manufacturing processes to enhance efficiency and scalability. Automation technologies play a crucial role in battery production, assembly lines, and quality control, supporting the rapid expansion of EV production. This trend is expected to drive demand for advanced automation solutions, offering significant growth potential for market players.
Threat:
Cybersecurity risks
Cybersecurity risks threaten the electric automation market as increased connectivity exposes systems to potential cyberattacks. Automated processes rely on data exchange across networks, making them vulnerable to breaches that could disrupt operations or compromise sensitive information. As automation becomes more prevalent, ensuring robust cybersecurity measures is critical to maintaining system integrity and trust. Failure to address these risks can result in financial losses, reputational damage, and regulatory penalties, posing a significant threat to market stability.
Covid-19 Impact:
The COVID-19 pandemic accelerated the adoption of electric automation technologies as businesses sought to maintain operations amid workforce disruptions. Automation helped ensure continuity by reducing dependency on manual labor and enhancing remote monitoring capabilities. This shift highlighted the importance of resilient automated systems, driving further investment in technology despite initial supply chain challenges.
The fixed/hard automation segment is expected to be the largest during the forecast period
The fixed/hard automation segment is expected to account for the largest market share during the forecast period due to its efficiency in high-volume production environments. These systems are designed for repetitive tasks with minimal variability, making them ideal for industries like automotive and electronics manufacturing. Their ability to deliver consistent output with reduced labor costs supports their dominance in the market.
The industrial IoT platforms segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the industrial IoT platforms segment is expected to witness the highest CAGR. The integration of IoT technology enhances data collection and analysis capabilities, enabling smarter decision-making and process optimization. This segment's rapid growth is driven by increasing demand for real-time monitoring and predictive maintenance solutions across various industries seeking to improve operational efficiency.
Region with largest share:
The Asia Pacific region is anticipated to account for the largest market share during the forecast period due to its robust manufacturing sector and strong emphasis on technological advancements. Countries like China, Japan, and South Korea lead in adopting automation technologies to enhance productivity and competitiveness. Government initiatives supporting industrial modernization further bolster this region's dominant position.
Region with highest CAGR:
The Asia Pacific region is anticipated to register the highest growth rate over the forecast period due to rapid industrialization and increasing investments in smart manufacturing solutions. Emerging economies within this region are embracing digital transformation initiatives, driving demand for advanced automation technologies. As these countries continue to develop their industrial capabilities, Asia Pacific remains a key growth area for the market.
Key players in the market
Some of the key players in Electric Automation Market include ABB Ltd., Siemens AG, Rockwell Automation, Inc., Honeywell International Inc., Schneider Electric, Emerson Electric Co., Mitsubishi Electric, Yokogawa Electric Corporation, Omron Corporation, FANUC Corporation, Hitachi Ltd., General Electric Co., Danfoss AS, KROHNE Messtechnik GmbH, Endress+Hauser Group, Fuji Electric Co., Ltd., Dassault Systèmes SE and WIKA Alexander Wiegand SE & Co. KG.
Key Developments:
In October 2024, Honeywell announced two new solutions to optimize electric vehicle (EV) safety for drivers and manufacturing for gigafactories. The technologies, offered by Honeywell Process Solutions and Honeywell Sensing Solutions, support the company’s alignment of its portfolio to three powerful megatrends, including the energy transition.
In August 2024, Electrification and automation major ABB said it has surpassed 10GW in delivering solutions for renewable energy plants in India. This is a result of over 300 renewable energy projects across India utilizing ABB's IoT-based PLC solution, a company statement said.
In April 2022, Rockwell Automation, Inc., the world’s largest company dedicated to industrial automation and digital transformation, and ZEVx, Inc. (formerly Zero Electric Vehicles), announced today a three-year strategic agreement to work together to use advanced technology to accelerate the adoption of Electric Vehicles (EVs). ZEVx, specializes in the electrification of small and medium duty fleet vehicles, converting its customers’ customized Internal Combustion Engines (ICE) to EVs in one day. By leveraging Rockwell Automation’s solutions, and a network of legacy automotive service partners, ZEVx will be able to assemble specialized kits for their customers’ fleets to accelerate the pace of conversions.
Types Covered:
• Fixed/Hard Automation
• Programmable Automation
• Flexible/Soft Automation
Process Components Covered:
• Sensors & Measurement Devices
• Actuators & Motion Controls
• Power Supply Units
• Communication Interfaces
• Safety Systems
• Industrial Controllers
Control Systems Covered:
• Human Machine Interface (HMI)
• Distributed Control System (DCS)
• SCADA Systems
• Manufacturing Execution Systems (MES)
• Industrial IoT Platforms
Functional Areas Covered:
• Industrial Electrical Automation
• Building Electrical Automation
Applications Covered:
• Process Control
• Energy Management
• Gas Measurement & Regulation
• Traffic & Transportation Systems
• Industrial Security
• Marine Applications
• Mobile Machinery
• Commercial Vehicle Systems
• Production & Assembly
• Power Generation Systems
End Users Covered:
• Automotive
• Electronics & Semiconductor
• Food & Beverage
• Pharmaceuticals
• Metals & Mining
• Oil & Gas
• Chemical Processing
• Utilities
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2022, 2023, 2024, 2026, and 2030
- 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
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electric Automation Market, By Type
5.1 Introduction
5.2 Fixed/Hard Automation
5.3 Programmable Automation
5.4 Flexible/Soft Automation
6 Global Electric Automation Market, By Process Components
6.1 Introduction
6.2 Sensors & Measurement Devices
6.3 Actuators & Motion Controls
6.4 Power Supply Units
6.5 Communication Interfaces
6.6 Safety Systems
6.7 Industrial Controllers
6.7.1 PLCs
6.7.2 PACs
6.7.3 Industrial PCs
7 Global Electric Automation Market, By Control Systems
7.1 Introduction
7.2 Human Machine Interface (HMI)
7.3 Distributed Control System (DCS)
7.4 SCADA Systems
7.5 Manufacturing Execution Systems (MES)
7.6 Industrial IoT Platforms
8 Global Electric Automation Market, By Functional Area
8.1 Introduction
8.2 Industrial Electrical Automation
8.2.1 Electrical Components
8.2.2 Processing Machines
8.2.3 Remote Monitoring Systems
8.2.4 Switchboards
8.2.5 Power Monitoring
8.2.6 Compressors
8.3 Building Electrical Automation
8.3.1 Wiring Accessories
8.3.2 Automation Cabinets
8.3.3 Main Switchboard
8.3.4 Consumer Units
9 Global Electric Automation Market, By Application
9.1 Introduction
9.2 Process Control
9.3 Energy Management
9.4 Gas Measurement & Regulation
9.5 Traffic & Transportation Systems
9.6 Industrial Security
9.7 Marine Applications
9.8 Mobile Machinery
9.9 Commercial Vehicle Systems
9.10 Production & Assembly
9.11 Power Generation Systems
10 Global Electric Automation Market, By End User
10.1 Introduction
10.2 Automotive
10.3 Electronics & Semiconductor
10.4 Food & Beverage
10.5 Pharmaceuticals
10.6 Metals & Mining
10.7 Oil & Gas
10.8 Chemical Processing
10.9 Utilities
11 Global Electric Automation Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 ABB Ltd.
13.2 Siemens AG
13.3 Rockwell Automation, Inc.
13.4 Honeywell International Inc.
13.5 Schneider Electric
13.6 Emerson Electric Co.
13.7 Mitsubishi Electric
13.8 Yokogawa Electric Corporation
13.9 Omron Corporation
13.10 FANUC Corporation
13.11 Hitachi Ltd.
13.12 General Electric Co.
13.13 Danfoss AS
13.14 KROHNE Messtechnik GmbH
13.15 Endress+Hauser Group
13.16 Fuji Electric Co., Ltd.
13.17 Dassault Systèmes SE
13.18 WIKA Alexander Wiegand SE & Co. KG
List of Tables
1 Global Electric Automation Market Outlook, By Region (2022-2030) ($MN)
2 Global Electric Automation Market Outlook, By Type (2022-2030) ($MN)
3 Global Electric Automation Market Outlook, By Fixed/Hard Automation (2022-2030) ($MN)
4 Global Electric Automation Market Outlook, By Programmable Automation (2022-2030) ($MN)
5 Global Electric Automation Market Outlook, By Flexible/Soft Automation (2022-2030) ($MN)
6 Global Electric Automation Market Outlook, By Process Components (2022-2030) ($MN)
7 Global Electric Automation Market Outlook, By Sensors & Measurement Devices (2022-2030) ($MN)
8 Global Electric Automation Market Outlook, By Actuators & Motion Controls (2022-2030) ($MN)
9 Global Electric Automation Market Outlook, By Power Supply Units (2022-2030) ($MN)
10 Global Electric Automation Market Outlook, By Communication Interfaces (2022-2030) ($MN)
11 Global Electric Automation Market Outlook, By Safety Systems (2022-2030) ($MN)
12 Global Electric Automation Market Outlook, By Industrial Controllers (2022-2030) ($MN)
13 Global Electric Automation Market Outlook, By PLCs (2022-2030) ($MN)
14 Global Electric Automation Market Outlook, By PACs (2022-2030) ($MN)
15 Global Electric Automation Market Outlook, By Industrial PCs (2022-2030) ($MN)
16 Global Electric Automation Market Outlook, By Control Systems (2022-2030) ($MN)
17 Global Electric Automation Market Outlook, By Human Machine Interface (HMI) (2022-2030) ($MN)
18 Global Electric Automation Market Outlook, By Distributed Control System (DCS) (2022-2030) ($MN)
19 Global Electric Automation Market Outlook, By SCADA Systems (2022-2030) ($MN)
20 Global Electric Automation Market Outlook, By Manufacturing Execution Systems (MES) (2022-2030) ($MN)
21 Global Electric Automation Market Outlook, By Industrial IoT Platforms (2022-2030) ($MN)
22 Global Electric Automation Market Outlook, By Functional Area (2022-2030) ($MN)
23 Global Electric Automation Market Outlook, By Industrial Electrical Automation (2022-2030) ($MN)
24 Global Electric Automation Market Outlook, By Electrical Components (2022-2030) ($MN)
25 Global Electric Automation Market Outlook, By Processing Machines (2022-2030) ($MN)
26 Global Electric Automation Market Outlook, By Remote Monitoring Systems (2022-2030) ($MN)
27 Global Electric Automation Market Outlook, By Switchboards (2022-2030) ($MN)
28 Global Electric Automation Market Outlook, By Power Monitoring (2022-2030) ($MN)
29 Global Electric Automation Market Outlook, By Compressors (2022-2030) ($MN)
30 Global Electric Automation Market Outlook, By Building Electrical Automation (2022-2030) ($MN)
31 Global Electric Automation Market Outlook, By Wiring Accessories (2022-2030) ($MN)
32 Global Electric Automation Market Outlook, By Automation Cabinets (2022-2030) ($MN)
33 Global Electric Automation Market Outlook, By Main Switchboard (2022-2030) ($MN)
34 Global Electric Automation Market Outlook, By Consumer Units (2022-2030) ($MN)
35 Global Electric Automation Market Outlook, By Application (2022-2030) ($MN)
36 Global Electric Automation Market Outlook, By Process Control (2022-2030) ($MN)
37 Global Electric Automation Market Outlook, By Energy Management (2022-2030) ($MN)
38 Global Electric Automation Market Outlook, By Gas Measurement & Regulation (2022-2030) ($MN)
39 Global Electric Automation Market Outlook, By Traffic & Transportation Systems (2022-2030) ($MN)
40 Global Electric Automation Market Outlook, By Industrial Security (2022-2030) ($MN)
41 Global Electric Automation Market Outlook, By Marine Applications (2022-2030) ($MN)
42 Global Electric Automation Market Outlook, By Mobile Machinery (2022-2030) ($MN)
43 Global Electric Automation Market Outlook, By Commercial Vehicle Systems (2022-2030) ($MN)
44 Global Electric Automation Market Outlook, By Production & Assembly (2022-2030) ($MN)
45 Global Electric Automation Market Outlook, By Power Generation Systems (2022-2030) ($MN)
46 Global Electric Automation Market Outlook, By End User (2022-2030) ($MN)
47 Global Electric Automation Market Outlook, By Automotive (2022-2030) ($MN)
48 Global Electric Automation Market Outlook, By Electronics & Semiconductor (2022-2030) ($MN)
49 Global Electric Automation Market Outlook, By Food & Beverage (2022-2030) ($MN)
50 Global Electric Automation Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
51 Global Electric Automation Market Outlook, By Metals & Mining (2022-2030) ($MN)
52 Global Electric Automation Market Outlook, By Oil & Gas (2022-2030) ($MN)
53 Global Electric Automation Market Outlook, By Chemical Processing (2022-2030) ($MN)
54 Global Electric Automation Market Outlook, By Utilities (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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