In today’s factories and shop floors, industrial automation is everywhere and it is difficult to imagine a production line without automation. Industrial automation uses control systems and automated equipment, such as computer software and robots, to perform tasks that were done manually. These systems operate industrial equipment automatically, significantly reducing the level of operator involvement and oversight required. Automation systems typically consist of feedback loops and sensory programs that automatically adjust operating conditions to meet the desired values based on real-time data. The technologies used in industrial automation have advanced significantly in recent years due to digitalization of manufacturing industry, especially with the Industrial Internet of Things (IIoT) – opening up more and more opportunities for companies to take advantage of automation solutions in Industries.
The industrial automation market is growing rapidly due to the high adoption of automation solutions in the manufacturing, oil & gas, chemicals & materials, and pharmaceutical sectors. With the implementation of automation components such as sensors, robots, machine vision systems, and enterprise control solutions, companies can drastically reduce operating and labor costs. Manufacturing companies are increasingly investing in industrial automation technologies to improve system reliability & efficiency and eliminate production errors caused by human labor. However, the limited availability of skilled labor required to operate these systems is a major challenge for the market’s growth in emerging economies.
Industrial Automation market is expected to register a CAGR of 9.3% from 2020 to 2027 to reach $306.2 billion by 2027 from $164.2 billion in 2020.
Here are the top 10 companies in Industrial Automation Market
Siemens AG (Siemens) manufactures power and energy solutions for building technology, drive technology, energy, healthcare, industrial automation, mobility, financing, consumer products, and services. The company’s operating segments include Digital Industries, Smart Infrastructure, Gas & Power, Mobility, Siemens Healthineers, Siemens Gamesa Renewable Energy, Financial Services, and Portfolio Management. Siemens focuses on the 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 products and solutions offered by the company serve aerospace, automotive manufacturing, chemicals, cranes, fiber, cement, food & beverage, marine, mining, oil & gas, and pharmaceutical, among other industries. The company offers an R&D suite, software, totally integrated systems, and solutions for breweries, the sugar industry, the edible oils industry, the dairy industry, the soft drinks industry, and the bakery products and confectionery industries.
The company has its strong geographic presence in the U.S., Canada, Mexico, Brazil, Saudi Arabia, China, India, Malaysia, Germany, the U.K., and the Netherlands, among other countries. Some of the company subsidiaries are Airport Munich Logistics and Services GmbH (Germany), Siemens Real Estate GmbH&Co. KG, Kemnath (Germany), Zeleni Holding GmbH, Kemnath (Germany), Siemens Spa, Algiers/Algeria (Algeria), Siemens Healthcare S.r.l., Milan/Italy (Italy), Siemens S.A., Amadora/Portugal (Europe), Siemens Sp. z o.o., Warsaw/Poland (Europe). Siemens holds approximately 42,900 patents as of September 2020.
Emerson Electric Co.
Emerson Electric Co. provides various products and delivers services to industrial, commercial, and consumer markets globally. The company operates through two business segments: Automation Solutions and Commercial and Residential Solutions. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems for process, hybrid and discrete manufacturing industries. The Commercial and Residential Solutions segment offers climate technologies and tools, and home products.
The company has a robust geographic reach across the globe with a presence in the U.S., Canada, the U.K., France, Germany, Russia, Brazil, Argentina, Mexico, China, India, Japan, Indonesia, Korea, Thailand, and Dubai, among other countries.
Mitsubishi Electric Corporation
Mitsubishi Electric Corporation (Mitsubishi) manufactures electrically engineered products and electronics. It operates through five business segments: Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, and Home Appliances. The Industrial Automation segment includes products such as Programmable logic controllers, motors, industrial robots, and computerized numerical solutions.
Mitsubishi Electric Corporation has its geographic presence in the U.S., Canada, Mexico, Brazil, Chile, Australia, Taiwan, India, Indonesia, Japan, Korea, Thailand, France, Germany, Italy, Spain, the U.K., Russia, Egypt, and Kuwait, among other countries. Some of the company’s subsidiaries are Mitsubishi Electric Control Panel Corporation (Japan), Mitsubishi Elevator Asia Co., Ltd (Japan), Mitsubishi Electric Thai Auto-Parts Co., Ltd (Japan).
ABB Group (ABB) manufactures industrial automation products for utility, industry, transport, and infrastructure. The company operates through these business segments: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation. The product & solution portfolio offered by the company includes software and digital solutions, data centers, E.V. charging, robotics, and machine and factory automation. For the industrial automation market, the company offers various products and solutions such as robotic systems, drivers and controls, motors, capacitors and filters, control systems, and transformers spanning across various business segments. The company offers its products and services to various industries such as automotive, chemical, food & beverage, marine & port, metals, power generation, and pulp & paper. The Industrial Automation segment provides industry specific automation, electrification, and digital solutions. The industrial automation segment includes solutions such as turnkey engineering, control engineering software, and lifecycle services.
ABB Group registered 23,900 patent applications as of December 2020. The company’s subsidiaries include ABB Australia Pty Limited, Moorebank, NSW(Australia), ABB Ltda., São Paulo (Brazil), ABB AS, Billingstad (Norway), ABB Inc., Cary, NC (U.S.), etc. The company operates in more than 100 countries across Europe, the Americas, Asia, and the Middle East & Africa.
Schneider Electric SE
Schneider Electric SE (Schneider) manufactures energy management systems and automation solutions. It operates through two major business segments: Energy Management and Industrial Automation. The Energy Management segment is further segmented as low voltage, medium voltage, and secure voltage. The Industrial Automation business segment includes products and solutions for the process, hybrid, and discrete automation industries. The business includes a full range of comprehensive edge control systems and software such as distributed control systems and leading safety systems, machine and process control, and human-machine interface operator panels. Schneider offers a comprehensive product portfolio for industrial automation and control, low-voltage, building automation, residential & small business, medium-voltage & distribution grid, and critical power applications. The company provides automation solutions for the food industry through its Industrial Automation segment and provides software and solutions for the brewery, dairy, baked goods and confectionery, cereal, grains, ingredients, sugar, oil, biofuel, and consumer packaged goods applications.
The company has its geographic presence in about 100 countries across North America, Europe, Asia-Pacific, and the rest of the world.
Rockwell Automation, Inc.
Rockwell Automation, Inc. (Rockwell) is engaged in the manufacturing of industrial automation and information solutions. The company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment is involved in the provision of control and information platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers. The Control Products & Solutions segment offers services in low- and medium-voltage electro-mechanical and electronic motor starters, motor and circuit protection devices, AC/DC variable frequency drives, push buttons, signaling devices, termination and protection devices, relays and timers, and various packaged solutions. The company serves both discrete and process industries, such as food & beverage, home & personal care, life sciences, automotive and tire, oil & gas, and mining & metal industries. Siemens AG, ABB Ltd, Schneider Electric SA, Emerson Electric Co., Mitsubishi Electric Corp., and Honeywell International Inc. are some of the major competitors of the company.
The company has a robust geographic reach in more than 100 countries, with a presence in the U.S., Canada, China, Mexico, Italy, the U.K., and Germany, among other countries.
Yaskawa Electric Corporation
Yaskawa Electric Corporation is engaged in the manufacturing and marketing of servo motors, controllers, inverters, and industrial robots. The company operates through four business segments: Motion Controls, Robotics, System Engineering, and Others. The company manufactures AC servo drives and controllers under its Motion Controls segment. Under the Robotics segment, the company offers arc and spot-welding robots, painting robots, handling robots, and clean vacuum transfer robots for semiconductor equipment. The company also runs its steel plant business, social system business, environment & energy business, electrical power business, and industrial electronics business under the system engineering segment. The company has a robust geographic presence across North America, Europe, Asia-Pacific, the Middle East, and South America.
Yokogawa Electric Corporation
Yokogawa Electric Corporation (Yokogawa) is a leading provider of industrial automation and test & measurement solutions. The company offers products and services related to industrial automation, process control, test and measurement, and engineering globally. The company operates through three business segments: Test and Measurement, Industrial Automation and Control, and Others. The company offers solutions for operations management, asset management, inventory management, quality management, plant security, and industrial IoT. The product portfolio offered by the company includes control systems, field instruments, process analyzers, industrial networking, and test & measurement instruments. The products and solutions offered by Yokogawa serve various industry verticals such as chemicals, food & beverage, iron & steel, oil & gas, petrochemical, pharmaceutical, power, and pulp & paper. The company provides automation solutions through its Industrial Automation and Control segment. The company has its geographic presence in around 62 countries with more than 87 branches worldwide.
Fanuc Corporation (Fanuc) manufactures factory automation solutions. The company operates through three business segments: Factory Automation (FA), Robots, and Robomachine. Fanuc’s product portfolio includes CNC series, servo motors, lasers, welding robots, handling robots, collaborative robots, compact machining centers, electric injection molding machines, wire-cut electric discharge machines, and super-nano machines. The company offers its service with a policy of not terminating support for FANUC products as long as they are used by customers. The manufacturing factories are located in Yamanashi, Mibu, Tsukuba, and Hayato.
The company provides services in ~250 locations and operates in 45 countries throughout the world. The company has its geographic presence in the U.S., South America, China, Korea, Taiwan, India, Indonesia, the Philippines, and Vietnam, among other countries.
Honeywell International Inc.
Honeywell International Inc. (Honeywell) is one of the world’s leading technology and manufacturing companies. The company operates through four business segments: Aerospace, Home & Building Technologies, Performance Materials & Technologies, and Safety & Productivity Solutions. The Performance Material & Technologies segment includes process technologies and automation solutions, including Honeywell Forge connected solutions. The major products & solutions offered by the company, including the Honeywell Forge solutions, are supported by Honeywell Connected Enterprise, which helps in automating processes to improve efficiency while reducing downtime and safety costs. Honeywell serves the aerospace, construction, chemicals & materials, healthcare & pharmaceuticals, manufacturing, retail, and consumer goods industries. The company has a robust geographic reach across North America, Europe, Asia-Pacific, and rest of the world.
Popular Mention: KUKA AG, General Electric Company, OMRON Corporation, Advantech Co., Ltd., and Fuji Electric Co., Ltd.
Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on this industry – Get Sample PDF of All Graphs And Charts
Authoritative Research on the Industrial Automation Market – Global Opportunity Analysis and Industry Forecast (2020-2027)
Need more information? Meticulous Research® 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
- Impact of Covid 19 on Industrial Automation Market
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
Please download report pages and learn more: https://www.meticulousresearch.com/download-sample-report/cp_id=5172