According to analysts from Fortune Business Insights, the industrial automation market will grow to $ 300 billion by 2026, showing a compound annual growth rate of about 8.5%.
Industrial automation includes many elements such as programmable controllers (PLCs), security systems, SCADA systems, drive technology, CNC, instrumentation, MES systems, and related software products. Related areas are also pumps and motors, robotics, material handling systems, supply chain management software, building automation systems, and low voltage switchgear.
According to the founder of the B2B marketplace for industrial components – SourceMe – market leaders have remained unchanged over the years, their solutions are time-tested and used in many enterprises. The irreplaceability of positions is largely due to the fact that manufacturers offer a complete infrastructure, and from the point of view of the operation, it is beneficial for customers to have equipment from one vendor, as this facilitates the search and replacement of components, as well as training of service personnel.
Here are the statistics on the revenue of the largest players in the industrial automation market.
Siemens is the undisputed leader in the Old World. Most industrial enterprises in Western and Eastern Europe use the solutions of this manufacturer. The most in demand are its products such as controllers, CNC, drives. The products of this manufacturer are very popular in Russia as well, the line of S7 controllers is especially well known.
Siemens products are valued much lower: there the vendor took only ninth place in terms of revenue. In North America, Emerson is confidently emerging as the leader with its Delta-V product line.
ABB has four divisions: Electrical Equipment, Industrial Automation, Electric Drives and Robotics and Discrete Automation – all linked by a common digital platform ABB Ability. ABB’s Power Grids business unit will be transferred to Hitachi in 2020.
Schneider Electric is a major supplier of switching equipment. But in addition, the company offers the EcoStruxure automation platform, which allows active implementation of IIoT technologies.
Depending on the region, the industrial automation and control systems market is divided into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. The share of the Asia-Pacific region in the total market volume in 2018 was more than 30.0% due to the presence of key market players and new companies in the region.
Some of the notable regional players are Kawasaki Robotics, Mitsubishi Electric Factory Automation, and Yokogawa Electric Corporation. In addition, the Asia-Pacific region is expected to experience significant growth, with the highest annual growth rate (CAGR) of 11.0% through 2025.
The growth of the Asia-Pacific region can be attributed to the increasing demand for better industrial management solutions in countries such as China, India and South Korea. Following the Asia Pacific region, the North American regional market has a significant share in terms of revenue and is expected to grow at a steady pace.
The North American regional market is characterized by the presence of numerous manufacturing companies that use industrial automation systems. In addition, the marked growth in IIoT R&D in the region could also stimulate the growth of the regional market.
According to data from Grand View Research
According to the industries covered, the automation systems market is divided into the following segments: aerospace and defense, automotive, chemical, energy, food, healthcare, metallurgy, oil and gas.
The manufacturing industry is expected to remain the leader in automation adoption through 2025-26. The food and beverage industries are next – these are the segments most sensitive to product quality, and further automation will increase productivity, improve reliability, reduce waste and optimize costs.
Among all industries in the forecast period, the largest CAGR is expected in the healthcare segment – 9.6%. In the Asia-Pacific region, the chemical industry will lead, as the number of these enterprises is projected to increase in the region. According to Grand View Research
This market segment is divided into Distributed Control Systems (DCS), Logic Controllers (PLC), Supervisory Control and Data Acquisition (SCADA) and others.
The DCS segment has the largest share in terms of revenue at the moment and is expected to dominate the industrial automation and industrial control market for the next six years. This growth is attributable to growing industrialization in developing countries such as China, India and the Middle East. Such economies are characterized by the fact that they have increased government support for industrialization and development plans in sectors such as energy and mechanical engineering.
Factors such as the discovery of new crude oil reserves and the need to improve safety and security standards at refineries are driving demand for DCS in the oil and gas industry. However, the adoption of SCADA systems is growing rapidly in sectors such as manufacturing, water supply and sanitation.
Leading companies such as ABB and Schneider Electric have an extensive portfolio of SCADA systems. Notable products include Symphony Plus and SCADAvantage from ABB and OASyS SCADA from Schneider Electric. The SCADA control systems segment is projected to have the highest CAGR of 9.6% from 2019 to 2025. According to data from Grand View Research.
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