Industrial Control and Factory Automation Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Factory Automation and Industrial Controls market was valued at USD 202.19 billion in 2020 and expected to reach USD 337.02 billion by 2027 and grow at a CAGR of 9% over the forecast period (2021 – 2027).

Industrial automation uses information technology and control systems such as computers or robots to process a variety of processes and machines to replace humans in the industry. It is the second step beyond mechanization in the sphere of industrialization. By utilizing automation technology, industrial processes use closed-loop control technology to set or automatically adjust process variables to desired values. Industrial automation increases the level of safety for employees by replacing them with automated machines in hazardous working conditions.

By Component:

• Industrial Robots
• Machine Vision
• Control Valves
• Field Instruments
• Human-Machine Interface
• Industrial PC
• Sensors
• Industrial 3D Printing

By Solution:

• SCADA
• PLC
• DCS
• MES
• PLM
• Functional Safety
• PAM

Key Players

The key players of global Industry Controls and Factory Automation Market are ABB, Emerson, Schneider Electric, Siemens, Mitsubishi Electric Corporation, Rockwell Automation, General Electric, Honeywell, Yokogawa, Omron, Endress+Hauser, Fanuc, Wika, Dwyer, Stratasys, 3D Systems, and HP.

Scope of the Report

The research study analyzes the global Industrial Control and Factory Automation industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Industrial Control and Factory Automation Market Report

1. What was the Industrial Control and Factory Automation Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of Industrial Control and Factory Automation Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Industrial Control and Factory Automation Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.