The automation and control market will witness a healthy growth from 2019 to 2025, a research report suggests. Growing at a CAGR of 10.41%, the market is projected to reach US$217,354.4 million by 2025. Favorable government policies are expected to support the market growth along with the growth of businesses and technology providers. As predicted by analysts, inevitable changes and risks will negatively affect the market’s performance from 2019 to 2025. During the forecast period, the automation and control market will be supported by adaptation to technology and the rise of IoT. Rapidly changing technological trends on the other hand will challenge industrial systems based organizations functioning in the global automation and control market. Analysts have split the market into product, application, and region segments based on products and services. Industrial systems based companies have been profiled. Compatibility issues are set to affect the global automation and control market during the forecast period 2019 to 2025. The report also provides the market’s performance forecasts till 2025. Analysts have studied the strategy of industrial systems based organizations to help new entrants and established businesses. The industrial systems sector itself is supported by Industry 5.0 changes as well as a shift from manual assistance to automation. During the forecast period 2019 to 2025, the automation and control market is set to witness a health growth across product, application, and region segments as well as regional markets.
The industrial systems sector has seen growth across product, application, and region segments owing to a spurring rise in manufacturing sectors and developments in robotics and AI. To study the automation and control market, analysts have further segmented product, application, and region into product on the basis of data acquisition (SCADA), distributed control system (DCS) & remote terminal unit (RTU), human-machine interface (HMI), manufacturing execution systems (MES), programmable automation controller (PAC), supervisory control and programmable logic controller (PLC). The market is further segmented into application which is split into automotive & transportation, electrical & electronics, machine manufacturing, mining & metals, oil & gas, aerospace & defense, and others.
The segmental analysis presented in the report provides industrial systems based organizations insights into key growth factors such as the adoption of Industry 4.0 as well as challenges such as high installation costs the market will face from 2019 to 2025. Increased focus on economic diversification and the rise of Industry 5.0 are some of the key factors having an influence on industrial systems based companies, suggest analysts as per the automation and control market report. But the report also identifies high deployment and maintenance costs and the shortage of professional services as major threats companies in industrial systems will face till 2025.
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Industrial systems based companies in the automation and control market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. New automation technologies will be a key growth driver for regional markets. However, concerns regarding high cost will turn out to be a threat. For the forecast period 2019 to 2025 each of these regional markets are studied in the report. Starting from North America, the regional market and industrial systems based companies are spread across the United States, Canada, and Mexico. The lack of a developed infrastructure will turn out to be a major challenge from 2019 to 2025. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the population growth as well as technological advances, suggests the report. Similarly, the industrial systems sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the automation and control market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2025.
The global automation and control market research report brings a comprehensive study of product, application, and region market segments, regional analysis, and industrial systems based company details of key players. As the forecast period 2019 to 2025 will bring new opportunities for the market owing to favorable government policies and the growing awareness, the market is set to grow at a compound annual growth rate of 10.41% and is predicted to reach a value of US$217,354.4 million by 2025. With SWOT analysis of industrial systems based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the shifting preference for cheaper alternatives and the growing demand for alternatives, companies in the industrial systems sector can change the way business is done.
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.
Applied Industrial Technologies continued its acquisition spree on Wednesday, confirming the acquisition of Advanced Control Solutions of Marietta, Georgia. ACS is an automation distributor specializing in computer vision devices and applications, handheld and collaborative robots, autonomous cameras, logic controls, and other similar equipment. It follows Applied's August 2019 purchase of Olympus Controls Corp., a fellow automation solutions supplier (Tualatin, OR).