Global Automation and Control Market spans across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The growing demand for automation and control in the robotics industry with developments in AI and the adoption of industry 4.0 across various industries are factors that are expected to drive the growth of the automation and control market during the forecast period. However, rapidly changing technological trends in the manufacturing industry are expected to hinder the market growth during the forecast period.
The geographic analysis of the automation and control market has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe dominated the global automation and control market with a value of USD 41,242.5 million in 2019; it is estimated to grow at a CAGR of 8.81% during the forecast period. However, the Asia-Pacific region is estimated to witness the fastest growth at a CAGR of 12.75% during the forecast period 2020–2025. In North America, the US accounted for the largest market share in 2019. However, Mexico is expected to register the highest CAGR owing to the high demand for advanced manufacturing robotic technologies, government policies that favor factory automation, and an increased demand for intelligent and automated manufacturing systems in the country. In Europe, Germany accounted for the largest market share in 2019.
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However, the rest of Europe is expected to register the highest CAGR due to the high market penetration of automated driving technologies, government initiatives to improve production activities, and the focus on waste reduction in various industry verticals. In Asia-Pacific, China accounted for the largest market share in 2019 and the market in Taiwan is expected to register the highest CAGR due to the adoption of digital technologies, focus on reduced production costs, adoption of automation by industries to stay competitive in the market, government initiatives for digitalization, foreign direct investments for manufacturing, and the increasing demand for automation services such as project engineering to minimize maintenance costs and operational expenses. In the Middle East & Africa, Saudi Arabia accounted for the largest market share in 2019 and the rest of the Middle East & Africa is expected to register the highest CAGR due to the growing automotive and food industries and production plants of major automotive and component manufacturers adopting automation and control. In South America, Brazil accounted for the largest market share in 2019, whereas Argentina is expected to register the highest CAGR due to the digitization of the manufacturing industry in the country and increased global competitiveness.
Global Automation and Control Market: Segmentation
Global Automation and Control Market have been Segmented Based on Product, Application, and Region. Based on the product, the market has been segmented into PLC, SCADA, PAC, DCS and RTU, HMI, and MES. By application, the market has been segmented into oil & gas, mining & metals, automotive & transportation, machine manufacturing, electrical & electronics, aerospace & defense, and others.
Key Players
The Key Players of the Global Automation and Control Market are Endress+Hauser Management AG (Switzerland), Dwyer Instruments, Inc. (US), Stratasys Ltd (US), Bosch Rexroth AG (Germany), Schlumberger Limited (US), ABB Group (Switzerland), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Fanuc Corporation (Japan), KUKA AG (Germany), Rockwell Automation (US), Schneider Electric SE (France), General Electric Company (US), Honeywell International, Inc. (US), Siemens AG (Germany), Emerson Electric Co. (US), Yokogawa Electric (Japan), and Ametek, Inc. (US), among others.
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