Industrial Control and Factory Automation Market (By Control Systems: Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Safety Instrumented System (SIS), Programmable Logic Controller (PLC), Human Machine Interface (HMI); By Components: Sensors, Controllers, Switches & Relays, Industrial Robots, Drives, Others; By End User: Automotive Manufacturing, Food & Beverage, Oil & Gas Processing, Mining, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Acumen research and consulting estimates that the global industrial control and factory automation market is anticipated to reach market size of around US$ 230 Bn by 2027 and is anticipated to grow at a CAGR of around 9% in terms of revenue during the forecast period 2020 – 2027.

The size of the market for industrial control and factory automation consists of different software and equipment to reduce the human interface in various industries. IT systems help to restructure the processes, eliminate bugs, maximize productivity and increase functional efficiency overall. The increasing focuses on cost reduction and need for reliability has been aimed at the tight demand of these systems during a number of processes.

Market Insights

Automation in manufacturing has increased as a main driver for the growth of the industrial control and factory automation market. An increase in the demand for industrial control and factory automation contributes to the increasing need for advanced equipment for better technical purposes. Automated goods not only boost efficiency, they also manufacture them at lower production costs, increasing the average margin of productivity of the manufacturer. Industrial control and factory automation market growth are propelled by a need for high production and yields, a shortage of work and increased emphasis on increased efficiency and exactness to achieve high yields and productivity. Automation has been an important part of the manufacturing, energy, oil and gas, coal, rail and transport sectors and will also contribute to the development of the global industrial control and factory automation markets in those sectors. In addition, government initiatives to assist new technologies industries will also boost the industrial control and factory automation market during the forecast period.

The high initial installation cost and lack of awareness of the quality of finished products made with automation, however, will operate as restraints on the global industrial control and factory automation market. Furthermore, the limited availability for the automation and control processes by skilled professionals may also serve as a constraint to this market.

Report coverage

The market research study on “Industrial Control and Factory Automation Market (By Control System: Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Safety Instrumented System (SIS), Programmable Logic Controller (PLC), Human Machine Interface (HMI); By Components: Sensors, Controllers, Switches & Relays, Industrial Robots, Drives, Others; By End User: Automotive Manufacturing, Food & Beverage, Oil & Gas Processing, Mining, Others) - Global Industry, Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global industrial control and factory automation market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global industrial control and factory automation market are drug class, type, distribution channel and major geographic regions. The industrial control and factory automation market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

9The largest market for industrial control and factory automation has been Asia-Pacific in 2019. China's emergence as a global producing hub, as well as the growing penetration of advanced automation technology in the region's processing industries, are the major drivers of the market growth. The industrial control & factory automation market in North America and Europe is growing slightly. Existing automation technology is primarily replenished with smarter and greener industrial automation systems, and this growth is expected in these areas. The major customers in the developing world are projected to be countries like, Germany, Britain, Italy, the U.S. and Canada.

Key Players

Major players included in this report ABB Ltd., Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Corporation, Schneider Electric SA, Omron Corporation, Rockwell Automation, Inc., GE Company, Yokogawa Electric Corporation, and others.

The global industrial control and factory automation market is segmented as below:

Market Segmentation

Industrial Control and Factory Automation Market By Control Systems

Distributed Control System (DCS)

Supervisory Control and Data Acquisition System (SCADA)

Manufacturing Execution System (MES)

Safety Instrumented System (SIS)

Programmable Logic Controller (PLC)

Human Machine Interface (HMI)

Industrial Control and Factory Automation Market By Components

Sensors

Controllers

Switches & Relays

Industrial Robots

Drives

Others

Industrial Control and Factory Automation Market By End User

Automotive Manufacturing

Food & Beverage

Oil & Gas Processing

Mining

Others

Industrial Control and Factory Automation Market By Geography

North America

• U.S
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa