The global industrial automation market size accounted for USD 189.7 Billion in 2021 and is predicted to be worth USD 430.9 Billion by 2030, with a CAGR of 9.7% during the projected period from 2022 to 2030. The global industrial automation market is set for a paradigm shift as end-user industries step up their investments to focus on
The Global Industrial Automation Market is expected to reach USD 441.7 Billion by 2030, at a CAGR of 8.84% during the forecast period 2022 to 2030.. Market Overview. Industrial automation is the process of controlling machines and processes in many sectors using a wide range of technologies such as computers and robots, which substitute humans in
The global industrial automation market attained a value of USD 192.74 billion in 2023, driven by the growing demand for smarter solutions to manage industrial plants. The market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 8.6%. The market is projected to reach USD 401.48 billion by 2032.
Industrial Automation Market was valued at USD 144.41 Billion in 2022, and it is expected to reach USD 255.63 Billion by 2029, exhibiting a CAGR of 8.5% during the forecast period (2023-2029) Industrial Automation is the control of machinery and processes used in various industrial sector by using autonomous technologies like robotics and
The U.S. industrial automation and control systems market size was valued at USD 42.87 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2030. Due to the continual introduction of sophisticated technologies such as robotics and AI, the industrial sector has been evolving rapidly.
Purchase Option. Industrial Automation Market size was valued at USD 191.2 billion in 2023 and is expected to reach a value of USD 360.9 million by 2030, poised to grow at a CAGR of 9.5% from 2024-2030. The global market provides a detailed overview of the industrial automation market and that can be segmented by product, mode of
Trends and growth analysis reports related to Industrial Automation Market. [Research Report] The industrial automation market growth is predicted to reach US$ 322.67 billion by 2030; it is anticipated to grow at a CAGR of 8.2% from 2022 to 2030.
Industrial Automation Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware and Software), System (Supervisory Control and Data Acquisition, Distributed Control System, Programmable Logic Control, and Other), and End User (Oil & Gas,
DOWNLOAD PDF. [302 Pages Report] The global industrial automation market in the Europe, Middle East and Africa is estimated to grow USD 36.4 billion in 2021 and reach USD 51.4 billion by 2026; it is expected to register a CAGR of 7.1% from 2021 to 2026. The growth of the market is attributed to the growing demand for real-time data analysis
The UK and Ireland industrial automation market size was USD 7.93 billion and 1.24 billion in 2020, respectively. 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. Based on our analysis, the market in the
The Industrial Automation Market size is estimated to grow by USD 83.68 billion at a CAGR of 8.16% between 2022 and 2027. Market expansion relies on various factors, including evolving market dynamics, the imperative for simplifying intricate manufacturing processes, and the increasing emphasis on smart factory initiatives.
The global Industrial Automation market size reached USD 210.50 Billion in 2022 and is expected to reach USD 478.68 Billion in 2032 registering a CAGR of 8.6%. Industrial Automation market growth is primarily driven owing to rapid adoption of Industry 4.0 technologies across the globe, increasing investments to modernize manufacturing activities
Market size of industrial automation globally 2020-2025. Electronics. Industrial IoT - market size worldwide 2020-2030. Further recommended statistics Overview 4
The industrial automation market is estimated to cross USD 339.44 billion by 2031 from 181.85 billion in 2023, with a CAGR of 8.3% in the forecast period by 2031.
The Global Industrial Control and 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%.. Increasing number of government initiatives to promote industrial automation worldwide, rising adoption of IoT and AI in industrial environments, and increasing demand for
The industrial automation market size has grown strongly in recent years. It will grow from $185.5 billion in 2023 to $198.43 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The expansion observed in the historical period can be attributed to the increasing adoption of robotics, robust economic growth in emerging markets
Industrial Automation Market Size & Forecast. The Industrial Automation Market is projected to reach $368.05 billion by 2031, at a CAGR of 9.1% during the forecast period 2024–2031. The market growth is driven by government initiatives promoting industrial development, increasing investments in industrial automation, rising demand for
The India Industrial Automation Market size is estimated at USD 15.12 billion in 2024, and is expected to reach USD 29.43 billion by 2029, growing at a CAGR of 14.26% during the forecast period (2024-2029). Industrial automation refers to using control systems, like robots, computers, and information technologies, to handle several processes
The industrial automation market is anticipated to capture a valuation of US$ 40.6 billion in 2023 and is rising to US$ 81.4 billion by 2033. The market is estimated at a CAGR of 7.2% during the forecast period. The following factors influencing the market growth are: Industrial Automation Market - Driving Factors.
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%. The industrial automation market is expected to grow to $250.77 billion in 2026 at a CAGR of 8.8%.
The Global Industrial Automation Systems Market size is expected to be worth around USD 493 Billion by 2032 from USD 212.6 Billion in 2023, growing at a CAGR of 9.0% during the forecast period from 2022 to 2032. Industrial Automation systems refer to the automation of machinery and processes in different industrial sectors using
The global industrial automation market size was USD 213.53 billion in 2023, accounted for USD 233.81 billion in 2024, and is expected to reach around USD 529.16 billion by 2033, expanding at a CAGR of 9.5% from 2024 to 2033. To Access our Exclusive Data Intelligence Tool with 15000+ Database, Visit: Precedence Statistics.
The global industrial automation market is prognosticated to expand at a stellar CAGR of 7.56% over the period between 2019 and 2027. Furthermore, the value of the global industrial automation market is expected to touch US$438.08 bn by 2027- end, rising up from US$227.29 bn in 2018. This report preview by Transparency Market Research
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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. Industrial automation is the process of applying intelligent technology to industrial processes to replace manual, tedious, repetitive tasks with highly efficient and
The size of the global industrial automation market reached some 175 billion U.S. dollars in 2020. The market is expected to grow at a compound annual growth rate (CAGR) of around nine percent