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<\/a><\/p>\nIndustrial Automation Global Market Report 2023 \u2013 Market Size, Trends, And Global Forecast 2023-2032<\/p>\n<\/div>\n<\/div>\n
The Business Research Company’s Industrial Automation Global Market Report 2023 \u2013 Market Size, Trends, And Global Forecast 2023-2032<\/i><\/p>\n \u2014 The Business Research Company<\/p>\n<\/div>\n LANDON, GREATER LANDON, UK, December 22, 2023 \/EINPresswire.com<\/a>\/ — Year End Offer By The Business Research Company<\/a> – Get 33% Discount On Opportunities And Strategies Reports And 25% Discount On Global Market Reports<\/p>\n The global industrial automation market<\/a> is on a trajectory of substantial growth, escalating from $177.26 billion in 2022 to $190.92 billion in 2023, with an impressive compound annual growth rate (CAGR) of 7.7%. Despite challenges posed by the Russia-Ukraine war, causing disruptions in global economic recovery from the COVID-19 pandemic, the market is expected to expand further, reaching $256.73 billion by 2027, maintaining a steady CAGR of 7.7%.<\/p>\n Shaping the Future: Significance of Robotics Drives Market Growth<\/p>\n The industrial automation market is witnessing a significant boost due to the increasing importance of robotics. Robotics, involving the design, manufacture, and operation of intelligent machines, is increasingly integrated into industrial automation processes. This integration aims to enhance efficiency, replace manual labor, and improve overall performance in various industrial processes. According to the International Federation of Robotics, a 12% increase in global shipments of robotics units is expected between 2020 and 2022, underscoring the growing importance of robotics in propelling the industrial automation market.<\/p>\n Industry Leaders: Key Players Driving Innovation<\/p>\n Major players shaping the industrial automation market landscape include Emerson Electric Co, General Electric Company, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Mitsubishi Electric Corporation, ABB Ltd., Dassault Systemes SE, Honeywell International Incorporation, Omron Corporation, Endress+Hauser AG, Yokogawa Electric Corporation, Danaher Corporation, Fuji Electric Co. Ltd., and Hitachi Ltd.<\/p>\n Technology Trends: Advancements Fueling Market Dynamics<\/p>\n Technological advancements, especially the incorporation of Artificial Intelligence (AI) in robots, are gaining prominence in the industrial automation market. AI empowers robots to learn processes autonomously, facilitating communication with other robots and humans in some cases. Key players in the market are actively incorporating AI technology in industrial robots to maintain a competitive edge. For instance, Mitsubishi Electric Corp. announced in March 2022 that it will introduce new industrial robotic systems incorporating Maisart AI technologies, including high-precision speech recognition, allowing operators to fine-tune robot movements as needed.<\/p>\n Explore comprehensive insights into the global industrial automation market with a detailed sample report: Strategic Acquisitions: Driving Market Expansion<\/p>\n In October 2020, Emerson Electric Co., a US-based manufacturing company, made a strategic move by acquiring the Progea Group for an undisclosed amount. This acquisition enhances Emerson’s capability to provide customers with visualization and IoT, supporting their digital transformation journey and improving overall equipment efficiency. Additionally, it expands Emerson’s footprint in industrial automation control. Progea Group, an Italy-based company, specializes in automation software.<\/p>\n Regional Dynamics: Asia-Pacific Takes the Lead Market Segmentation:<\/p>\n 1.\tBy Component: 2.\tBy Control System: 3.\tBy Industry: Access the complete report for an in-depth analysis of the global industrial automation market: Industrial Automation Global Market Report 2023<\/a> from TBRC covers the following information: Trends, opportunities, strategies and so much more.<\/p>\n The Industrial Automation Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on industrial automation market size, industrial automation market drivers and trends, industrial automation market major players, industrial automation market competitors’ revenues, market positioning, and market growth across geographies. The industrial automation market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.<\/p>\n Browse Through More Similar Reports By The Business Research Company:<\/p>\n Industrial Robots (Warehousing and Storage Robots) Global Market Report 2024 Relay And Industrial Controls Global Market Report 2024 Industrial Process Variable Instruments Global Market Report 2024 About The Business Research Company Global Market Model \u2013 Market Intelligence Database Contact Information Check out our: Oliver Guirdham Vegan Protein Powder Market Growth Forecast 2023-2027<\/p>\n \n
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In 2022, Asia-Pacific emerged as the largest region in the industrial automation market. The comprehensive report provides detailed insights into regional dynamics, industrial automation market trends, and growth opportunities.<\/p>\n
\u2022\tIndustrial Robots
\u2022\tHuman Machine Interface (HMI)
\u2022\tIndustrial Sensors
\u2022\tControl Valves
\u2022\tOther Components<\/p>\n
\u2022\tSupervisory Control And Data Acquisition (SCADA)
\u2022\tDistributed Control System (DCS)
\u2022\tProgrammable Logic Controller (PLC)
\u2022\tManufacturing Execution System (MES)
\u2022\tComponent Lifecycle Management (PLM)
\u2022\tEnterprise Resource Planning (ERP)
\u2022\tHuman Machine Interface (HMI)<\/p>\n
\u2022\tAerospace And Defense
\u2022\tAutomotive
\u2022\tHealthcare
\u2022\tEnergy And Utilities
\u2022\tManufacturing
\u2022\tOil And Gas
\u2022\tMining
\u2022\tTransportation
\u2022\tOther Industries<\/p>\n
https:\/\/www.thebusinessresearchcompany.com\/report\/industrial-automation-global-market-report<\/a><\/p>\n
\u2022\tMarket size date for the forecast period: Historical and Future
\u2022\tMarket analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
\u2022\tMarket analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.<\/p>\n
https:\/\/www.thebusinessresearchcompany.com\/report\/industrial-robots-warehousing-and-storage-robots-global-market-report<\/a><\/p>\n
https:\/\/www.thebusinessresearchcompany.com\/report\/relay-and-industrial-controls-global-market-report<\/a><\/p>\n
https:\/\/www.thebusinessresearchcompany.com\/report\/industrial-process-variable-instruments-global-market-report<\/a><\/p>\n
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.<\/p>\n
The Global Market Model, The Business Research Company\u2019s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.<\/p>\n
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