Industrial Automation and Equipment Market (Product - Sensors & Actuators, Control Systems, and Industrial Robots; Automation Technology - PLC Systems, SCADA, DCS, Robotics, and Others; Application - Material Handling & Packaging, Assembly & Disassembly, Process Automation, and Quality Control; End User - Manufacturing, Energy & Utilities, Chemical & Pharmaceuticals, Food & Beverages, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2032

A recent report published by Infinium Global Research on industrial automation and equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional industrial automation and equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional industrial automation and equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global industrial automation and equipment market.

Market Insight:

The global market size of Industrial automation and equipment market is expected at a CAGR of 8.87% between 2024 and 2032. The total addressable market size is expected to be worth USD 402 billion in 2032 from its 2023 market size of USD 188 billion.

Industrial automation and equipment are the components of modern industrial operations that determine the efficiency and precision across various sectors. Industrial automation involves the usage of control systems, such as robots, computers, and information technologies, to manage and control industrial processes as well as machinery. This technology minimizes human intervention by automating repetitive tasks and complex operations, enhancing productivity, consistency, and safety. Industrial equipment comprises the physical machines and tools that are used in automated processes. These industrial automation and equipment are widely used in various sectors including manufacturing, chemical processing, food and beverages industry, energy sectors, and others. Consequently, industrial automation and equipment enable industries to achieve higher levels of efficiency, precision, and safety.

The rising demand for increased efficiency and productivity is boosting the industrial automation and equipment market as several industries face mounting pressure to enhance operational performance and output, and automation emerges as a crucial solution. Additionally, the growing demand for customized products and flexible manufacturing is boosting the industrial automation and equipment market as industries strive to offer more personalized and diverse product options and these automation technologies are increasingly adopted to handle the complexity and variability in production. The high initial investment cost associated with industrial automation and equipment may hamper the market as it creates financial barriers for companies, particularly small and medium-sized enterprises (SMEs). Technological enhancements in industrial automation and equipment are creating lucrative opportunities as innovations such as the Internet of Things (IoT), artificial intelligence (AI), and advanced robotics are at the forefront of this transformation, enhancing operational efficiency, precision, and flexibility.

Asia-Pacific is anticipated to dominate the industrial automation and equipment market owing to its wide adoption of enabling technologies such as cyber security, AI, big data, and IoT technology in this region. China is expected to dominate the Asia-Pacific industrial automation and equipment market owing to increasing industrialization and the growing adoption of innovative industrial technologies in the country. North America is anticipated to be the fastest-growing region in the industrial automation and equipment market owing to rising government initiatives to promote industrial automation and the presence of several key players involved in the manufacturing of these industrial automation and equipment markets.

Report Scope of the Industrial Automation and Equipment Market:

Segment Covered

The report on provides a detailed analysis of segments in the market based on Product, Automation Technology, Application, and End User.

Segmentation Based on Product

·       Manufacturing

·       Energy & Utilities

·       Chemical & Pharmaceuticals

·       Food & Beverages

·       Others

Segmentation Based on Automation Technology

·       Manufacturing

·       Energy & Utilities

·       Chemical & Pharmaceuticals

·       Food & Beverages

·       Others

Segmentation Based on Application

·       Manufacturing

·       Energy & Utilities

·       Chemical & Pharmaceuticals

·       Food & Beverages

·       Others

Segmentation Based on End User

·       Manufacturing

·       Energy & Utilities

·       Chemical & Pharmaceuticals

·       Food & Beverages

·       Others

Companies Profiled:

·       Siemens

·       Schneider Electric

·       ABB

·       Mitsubishi Electric Mobility Corporation

·       Emerson Electric Co.

·       OMRON Corporation

·       Rockwell Automation

·       Honeywell International Inc.

·       Yokogawa Electric Corporation

·       General Electric Company

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the industrial automation and equipment market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.