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Industrial Automation Market Size, Revenue, Growth Rate Analysis and Forecast 2022

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Title: Industrial Automation Market Size, Revenue, Growth Rate Analysis and Forecast 2022


1
Market Research Future
Industrial Automation Market Research Report-
Forecast 2023
Market Research Future (MRFR) estimates the
global industrial automation market to be a USD
216.5 Billion market in 2023, with a CAGR of
9.35 over the forecast period of 2018-2023. The
global industrial automation market was valued at
USD 128.63 Billion in 2017. The current
industrial revolution has garnered tremendous
demand for automation in various industry
verticals which sustains the growth of the global
industrial automation market. Incessant need for
improving efficiency, flexibility, quality, and
productivity of manufacturing industries is
driving the growth of the global industrial
automation market. Manufacturers across the globe
are investing heavily in automation which has
given an impetus to the growth of the global
industrial automation market. Moreover, the
disruption caused by Industry 4.0 and the
emergence of the Industrial Internet of Things
has encouraged the adoption of advanced
automation such as 3D printing and industrial
robots across diverse industries. In addition,
automation is desirable in the manufacturing
sector to meet safety compliance. https//www.m
arketresearchfuture.com/reports/industrial-automat
ion-market-2212
1 (339) 368 6938 (US)
44 208 133 9349 (UK)
2
Market Research Future
Regional Analysis The global industrial
automation market spans across the regions of
North America, Asia Pacific, Europe, and the Rest
of the World (Row). Europe is the largest market
and accounted for USD 49.21 Billion in 2017. The
industrial outlook of Europe looks promising and
is showcasing an upswing post 2017. The growth of
the industrial automation market is driven by
strong private investment which is impacting the
market positively. Being the automotive hub of
the world, Europe holds ample scope for market
expansion. Europe has been the frontrunner in the
adoption of industrial automation which coupled
with supportive financing conditions have created
a healthy climate for corporate investments.
Furthermore, government initiatives to improve
production activities has aided the expansion of
the Europe market for industrial automation. The
growth of end-user industries such as food
beverage, oil gas, and aerospace defense also
provide an impetus to the growth of the Europe
industrial automation market. The UK, Germany,
France, and Italy are the key contributors to the
Europe industrial automation market. Access Full
Report _at_ https//www.marketresearchfuture.com/repo
rts/industrial-automation-market-2212
1 (339) 368 6938 (US)
44 208 133 9349 (UK)
3
Market Research Future
Market Segments The global industrial
automation market has been segmented based on
type, technology, and end user. By type, the
market has been segmented into fixed automation
and programmable automation. The fixed automation
segment was the largest segment in 2017 and
generated a revenue of USD 94.35 Billion, while
the programmable automation segment is expected
to emerge as the fastest growing segment over the
forecast period. By technology, the market has
been segmented into supervisory control data
acquisition (SCADA), Distributed Control System
(DCS), Programmable Logic Controller (PLC), Human
Machine Interface (HMI), Programmable Automation
Controller (PAC), and others. The Programmable
Logic Controller (PLC) segment dominated the
market in 2017, however, the Distributed Control
System (DCS) segment is expected to be the
fastest growing segment over the forecast
period. By end user, the market has been
segmented into Machine manufacturing, Oil Gas,
Aerospace Defense, Electrical Electronics,
Automotive Transportation, Mining Metals,
Food Beverage, Pharmaceuticals, and others.
The automotive transportation segment was the
largest segment in 2017 and accounted for 23.78
Billion in 2017 while the food beverage segment
is expected to grow at the fastest rate of 12.34
over the forecast period. Request a Sample Report
_at_ https//www.marketresearchfuture.com/sample_requ
est/2212
1 (339) 368 6938 (US)
44 208 133 9349 (UK)
4
Market Research Future
Major Players in this Research The key players
profiled in MRFRs report include Siemens AG, ABB
Ltd., Emerson Electric Co., General Electric
Company, Schneider Electric SE, Honeywell
International Inc., Mitsubishi Electric
Corporation, Yokogawa Electric, Rockwell
Automation, Inc., Ametek, Inc., and Fanuc
Corporation Know More about this Report _at_
https//www.marketresearchfuture.com/press-release
/industrial-automation-market
1 (339) 368 6938 (US)
44 208 133 9349 (UK)
5
Market Research Future
About Market Research Future At Market Research
Future (MRFR), we enable our customers to unravel
the complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. In order to stay
updated with technology and work process of the
industry, MRFR often plans conducts meet with
the industry experts and industrial visits for
its research analyst members. Know more
http//www.marketresearchfuture.com/about-us
1 (339) 368 6938 (US)
44 208 133 9349 (UK)
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