Automation and Control Market

Automation and control involve the use of control systems and logical programming commands to handle machines and industrial processes therefore, minimizing human interference. It also enables manufacturing facilities to increase product quality, quantity, and reliability while reducing the costs incurred in the production and designing of the product. Over the past few decades, the demand for automation by manufacturing facilities and similar industries has anticipated to drive the growth of the global automation and control market.

The global automation and control market was valued at USD 125,487.3 million in 2019 and is estimated to reach USD 217,354.4 million by the end of 2025 at a compound annual growth rate (CAGR) of 10.41% during the forecast period 2020–2025. The market has been segmented on the basis of product, application, and region. Based on product, the market has been bifurcated into programmable logic controller (PLC), supervisory control & data acquisition (SCADA), distributed control system (DCS) and remote terminal unit (RTU), programmable automation controller (PAC), human-machine interface (HMI), and manufacturing execution system (MES). Among these, the distributed control system (DCS) and RTU segment dominated the global market in 2019 and is estimated to witness the highest CAGR of 10.77% during the forecast period. Based on application, the global market has been segmented into automotive and transportation, machine manufacturing, electrical & electronics, aerospace & defense, oil & gas, mining & metals, and others. Among these, the automotive and transportation segment dominated the global market in 2019 and is estimated to grow at a CAGR of 8.26%. However, the others segment is expected to witness the highest CAGR of 13.23% during the forecast period.

Regionally, the market has been segmented on the basis of North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe region dominated the global automation and control market with a share of USD 41,242.5 million in 2019; it is estimated to grow at the CAGR of 8.81% during the forecast period. However, the Asia-Pacific region is estimated to witness the fastest growth at a CAGR of 12.75% during the forecast period 2020–2025.

During the study, Wantstats has analyzed a few companies that have a prominent share in the global automation and control market. Among these ABB Ltd, Omron Corporation, Emerson Electric Co, Rockwell Automation, Honeywell International, Siemens AG are among the prominent players that contribute a major share to the global market. Apart from these, General Electric, Mitsubishi Electric Corporation, Schneider Electric SE, KUKA AG, Ametek, Inc., Yokogawa Electric Corporation, Endress+Hauser Management AG, Dwyer Instruments, Inc, Stratasys Ltd, Bosch Rexroth Ag, Schlumberger Limited and Fanuc Corporation also contribute to the growth of the global market. The players continuously focus on innovations and incorporate various growth strategies to gain a competitive advantage over its peers.