The industrial automation and control systems market comprises automation solutions and control systems that aid efficient industrial operations and manufacturing processes. Industrial automation solutions include supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), and programmable logic controllers (PLC). These systems help streamline industrial workflows, minimize delays, reduce wastage, and enhance productivity. Automated systems provide real-time monitoring and control of industrial processes and equipment performance. They enable remote access and management of manufacturing facilities from any location. Various industries adopting automation solutions include oil & gas, power, pharmaceuticals, chemicals, food & beverages, and automotive. Automated control systems improve production flexibility, product quality consistency, and optimize resource usage.
The Global Industrial Automation and Control Systems Market is estimated to be valued at US$ 201.06 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the industrial automation and control systems market are LG Chem, Hanmi Pharmaceutical Co., Ltd., Boryung Pharmaceutical Co., Ltd., Novartis AG, EirGenix, Inc., Biocon Limited, G.L. Pharma GmbH, Daewoong Pharmaceutical Co., Ltd., Sandoz International GmbH, Boryung Pharmaceutical Co., Ltd., VHB Life Sciences Limited, HanAll Biopharma, Taiba Healthcare, Huons Co., Ltd., Dong-A ST Co., Ltd. These players are focusing on developing innovative and advanced automation solutions to gain a competitive advantage.
The growing demand for industrial automation from various process industries is boosting the market growth. Automation enables mass production, improves product quality, and minimizes production costs. This demand is expected to further accentuate over the forecast period.
The market is witnessing rapid expansion globally led by countries such as the United States, China, Germany, Japan and India. Rising awareness regarding factory automation benefits and increasing labor costs are encouraging industrial automation adoption worldwide.
Market drivers
The key driver for The Industrial Automation And Control Systems Market is the need for improved manufacturing efficiency. Labor costs are steadily rising globally and scarce workforce availability is a challenge. Automation enables higher production outputs with superior consistency and minimum human intervention. It helps optimize resource usage, reduce wastage, and enhance overall equipment effectiveness. Automated monitoring and remote access functionalities also aid reducing downtime and delays. These factors are positively impacting the demand for industrial automation solutions.
The current geopolitical situation is impacting the growth of the Industrial Automation and Control Systems Market in several ways. The ongoing conflicts and tensions between major global powers like the US, China and Russia have disrupted global supply chains. Many manufacturers have moved production to other countries or regionalized their operations to mitigate risks from geopolitical uncertainties. This trend towards regionalization has supported local players in the industrial automation market. However, rising raw material and logistics costs due to supply chain disruptions have also posed challenges.
Going forward, companies in this market need to focus on diversifying their supplier networks within and across regions to reduce over-reliance on any single country or vendor. Local sourcing and manufacturing where possible can provide more stability. Adopting flexible business models that allow quick responses to geopolitical events will also help maintain growth. Collaboration with government agencies to receive early warnings about potential trade or export restrictions can facilitate timely business continuity planning. Leveraging advanced technologies such as AI, IoT, cloud computing can further support remote operations and monitoring of regional/global assets.
In terms of value, North America holds the largest share of the Industrial Automation and Control Systems Market currently, estimated at around 30% of the total market. The region benefits from a well-established industrial base, advanced infrastructure and pro-technology government policies that encourage automation adoption across sectors. Looking ahead, Asia Pacific is projected to be the fastest growing regional market due to ongoing industrialization in major economies like China and India. Government initiatives to develop smart factories and manufacturing hubs are driving significant investments in industrial automation solutions in the Asia Pacific region.
Europe currently accounts for about 25% of the global industrial automation market value. Countries like Germany, UK, France have sizable manufacturing industries that rely on advanced control and automation systems. However, ongoing energy crisis and uncertainties stemming from the Ukraine conflict may impact spending decisions in the near term. Over the long run, Europe is likely to remain an important regional market given the focus on Industry 4.0 technologies and sustainability goals of transitioning to green manufacturing practices.
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