$25.18 Billion Growth in Industrial Automation Control Market During 2020-2024 | Featuring ABB Ltd. and Eaton Corporation Plc Among Others | Technavio

Amid the COVID-19 pandemic the global industrial automation control market registered a YOY growth of 2.23% in 2020 and the market is estimated to expand at a CAGR of almost 5% during the forecast period. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Industrial Automation Control Market 2020-2024 (Graphic: Business Wire)
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The 120-page report analyzes the industrial automation control market by product (sensors, DCS, drives, SCADA, and PLC), end-user (process industry and discrete industry), and geography (APAC, North America, Europe, South America, and MEA). The report offers competitive intelligence about market leaders, key industry opportunities, trends, and threats impacting the growth of the market. Also, the report includes information on marketing, brand, strategy and market development, sales, and supply functions. Download Our Free Sample Report to Know More
The industrial automation control market is driven by the increasing focus on smart factories. In addition, the virtualization of automation control systems is anticipated to boost the growth of the industrial automation control market.
The emergence of the latest technologies such as automation control systems has technologically disrupted industries such as aerospace, automotive, and heavy engineering. Also, operators in these industries are gradually transforming and digitalizing their manufacturing plants to improve efficiency and productivity. Besides, the integration of IIoT in smart factories is playing a significant role in connecting all the devices within a network. With the proliferation of smart factories, the demand for automation control systems is expected to increase over the forecast period.
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Major Five Industrial Automation Control Companies:
ABB Ltd.
ABB Ltd. operates its business through segments such as Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, and Corporate and Other. The company offers a wide range of industrial automation control systems such as SCADA, DCS, PLC, Drives, and Sensors.
Eaton Corporation Plc
Eaton Corporation Plc operates its business through segments such as Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and eMobility. The company offers a wide range of industrial automation systems such as SCADA, PLC, Drives, and Sensors.
Emerson Electric Co.
Emerson Electric Co. operates its business through segments such as Automation Solutions and Commercial and Residential Solutions. The company offers a wide range of industrial automation systems such as DCS, PLC, SCADA, Drives, and Sensors.
General Electric Co.
General Electric Co. operates its business through segments such as Power, Renewable energy, Aviation, and Healthcare. The company offers SmartControl Distributed Control Systems (DCS) and Predix HMI/SCADA.
Honeywell International Inc.
Honeywell International Inc. operates its business through segments such as Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company offers a wide range of industrial automation solutions such as DCS, SCADA, PLC, Drives, and Sensors.
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Industrial Automation Control Market Product Outlook (Revenue, USD Billion, 2019-2024)

  • Sensors – size and forecast 2019-2024
  • DCS – size and forecast 2019-2024
  • Drives – size and forecast 2019-2024
  • SCADA – size and forecast 2019-2024
  • PLC – size and forecast 2019-2024

Industrial Automation Control Market Geography Outlook (Revenue, USD Billion, 2019-2024)

  • APAC – size and forecast 2019-2024
  • North America – size and forecast 2019-2024
  • Europe – size and forecast 2019-2024
  • South America – size and forecast 2019-2024
  • MEA – size and forecast 2019-2024

Industrial Automation Control Market End-user Outlook (Revenue, USD Billion, 2019-2024)

  • Process industry – size and forecast 2019-2024
  • Discrete industry – size and forecast 2019-2024

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PUB: 02/04/2021 12:41 AM/DISC: 02/04/2021 12:41 AM