0
0
Read Time:7 Minute, 6 Second
The Industrial Automation Market is projected to reach $368.05 billion by 2031, at a CAGR of 9.1% from 2024 to 2031. The market growth is driven by government initiatives promoting industrial development, increasing investments in industrial automation, rising demand for energy-efficient systems, and increasing need for supply chain optimization. High CAPEX requirements and concerns about workforce displacement restrain the market’s growth. Moreover, the increasing demand for sustainable solutions is expected to create market growth opportunities.
However, cybersecurity risks associated with automated systems pose challenges to the market’s growth.
Here are the top 10 companies operating in the Industrial Automation Market
Schneider Electric SE (France)
Founded in 1871 and headquartered in Rueil-Malmaison, France, Schneider Electric SE is a digital automation and energy management company. The company provides various products for different applications, including residential and small businesses, building automation and control, low voltage products and systems, solar and energy storage, access to energy, medium voltage distribution and grid automation, critical power, cooling and racks, and industrial automation and control. The company caters to different end-use industries, including automotive and e-mobility, cloud and service providers, commercial real estate, data center and network solutions, energies and chemicals, facility management, food and beverage, healthcare, hotels, industrial automation solutions, life sciences, logistics, and warehouse, machinery, marine, mining, minerals, and metals among others. The company offers sustainable and efficient smart packaging machines with EcoStruxure solutions.
Siemens AG (Germany)
Founded in 1847 and headquartered in Berlin, Germany, Siemens AG offers power and energy solutions for applications such as building technology, drive technology, energy, healthcare, industrial automation, mobility, financing, consumer products, and services. Siemens focuses on areas such as automation, digitalization in the process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, conventional and renewable power generation and power distribution, smart mobility solutions for rail and road, and medical technology and digital healthcare services. The company provides a wide range of products, such as SIMATIC SCADA, PLCs, HMI (Human Machine Interface), communication modules, compact RTUs, distributed control systems, and process control systems.
Rockwell Automation Inc. (U.S.)
Founded in 1903 and headquartered in Wisconsin, the U.S., Rockwell Automation, Inc. provides industrial automation and digital transformation technologies. The company provides a SCADA software suite that is designed to provide comprehensive visualization and control of manufacturing processes. Rockwell Automation offers SCADA solutions and hardware for a wide range of end-use industries such as aerospace, automotive, chemical, food & beverage, oil & gas, power generation, pulp & paper, semiconductor, and water & wastewater. The company operates through three business segments: Intelligent Devices, Software & Control, and Lifecycle Services. Rockwell Automation offers a variety of solutions and hardware for SCADA systems, such as Analytics & Data Management Software, Design Software, Performance Monitoring Software, human-machine interface, and PLC programmable controllers.
Mitsubishi Electric Corporation (Japan)
Founded in 1921 and headquartered in Tokyo, Japan, Mitsubishi Electric Corporation manufactures and sells electrical and electronic products and systems used in a broad range of fields and applications. The company operates in the market through six reportable segments: Life, Industry and Mobility, Infrastructure, Semiconductor & Device, Business Platform, and Others. The company offers programmable logic controllers, servomotors, CNC (computerized numerical controllers), human-machine interfaces, inverters, industrial robots, motors, magnetic switches, transformers for electricity distribution, software, and others through its Factory Automation Systems business (a part of Industry and Mobility). Mitsubishi’s MC Works64 provides a highly functional monitoring control system in response to various business needs in manufacturing, production processes, or the office. MC Works64 proposes solutions to various issues concerning monitoring control.
Founded in 1948 and headquartered in Kyoto, Japan, OMRON Corporation manufactures automation equipment and systems for computer, communication, and control technology. OMRON’s business fields cover a broad spectrum, ranging from industrial automation and electronic components to social systems, including automated ticket gates, solar power conditioners, and healthcare. The company has innovative production floors with cutting-edge technologies and unique services based on the widest range of control devices for factory automation to contribute to advancing productivity in the world’s manufacturing industry. The company operates through four business segments: Industrial Automation Business (IAB), Healthcare Business (HCB), Device & Module Solutions Business (DMB), and Social Systems, Solutions and Service Business (SSB). The company offers a wide range of automation systems products, such as programmable logic controllers, automation software, and human-machine interfaces (HMI).
Meticulous Research in its latest publication on Industrial Automation Market has predicted the growth of 9.1% during the forecast year 2024-2031.
Honeywell International Inc. (U.S.)
Founded in 1885 and headquartered in North Carolina, the U.S., Honeywell International Inc. offers technology solutions to address challenges around energy, safety, security, air travel, productivity, and global urbanization. The company is a pioneer in automation control, instrumentation, and services for the oil and gas; refining; energy; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals, and mining industries. The company operates in the market through four reportable segments: Aerospace, Honeywell Building Technologies, Performance Materials and Technologies; and Safety and Productivity Solutions. Honeywell offers a wide range of control & supervisory systems to deliver integrated process control and advanced safety with better lifecycle support to protect and future-proof users’ investments.
Founded in 1890 and headquartered in Missouri, the U.S., Emerson Electric Co. designs and manufactures products and provides solutions for customers in a wide range of industrial, commercial, and consumer markets around the world. The company offers control and safety systems to help provide a safer, more environmentally efficient manufacturing process. The company operates in the market through four reportable segments: Automation Solutions, AspenTech, and Commercial & Residential Solutions. The Automation Solutions segment offers a broad array of products, integrated solutions, software, and services that enable process, hybrid, and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs. Emerson offers a wide range of control & safety systems, including Distributed Control Systems (DCS), and SCADA Systems, Programmable Automation Control Systems (PLC/PAC).
General Electric Company (U.S.)
Founded in 1892 and headquartered in Massachusetts, the U.S., General Electric Company is best known for its work in the power, renewable energy, and aerospace industries. The company’s products include commercial and military aircraft engines and systems; wind and other renewable energy generation equipment and grid solutions; and gas, steam, nuclear, and other power generation equipment. The company operates in the market through three reportable segments: Aerospace, Renewable Energy, HealthCare, and Power. The company offers HMI/SCADA software to monitor and control operations. The company’s CIMPLICITY software provides true client-server visualization and control from single machines to plant locations.
Founded in 1983 and headquartered in Taipei, Taiwan, Advantech Co., Ltd. offers comprehensive system integration, hardware, software, customer-centric design services, embedded systems, HMI technology, and global logistics support. The company is a global leader in the fields of IoT intelligent systems and embedded platforms. Advantech offers robust computing platforms that serve as the backbone of automation systems, enabling seamless data acquisition, processing, and control in challenging industrial environments. Advantech’s Industrial Automation & I/O further complement its automation portfolio, offering precise data acquisition and control capabilities for monitoring and managing industrial processes.
ABB Ltd (Switzerland)
Founded in 1988 and headquartered in Zürich, Switzerland, ABB is a technology company offering solutions to the utility, industrial, transportation, and infrastructure sectors. The company operates mainly in robotics, power, heavy electrical equipment, and automation technology. The company operates through four reportable business segments: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. The Process Automation segment provides industry-specific integrated automation, electrification, and digital solutions, control technologies, software, and advanced services, as well as measurement & analytics and marine and turbocharging offerings. The Motion segment is engaged in a range of electrical motors, generators, drives, and services, as well as mechanical power transmission products. The Robotics & Discrete Automation segment provides value-added solutions in robotics, machine, and factory automation.
Authoritative Research on the Industrial Automation Market – Global Opportunity Analysis and Industry Forecast (2024-2031)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %