Industry Controls and Factory Automation Market Research Report Information By Component (Industrial Robots, Collaborative Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface (HMI), Industrial PC, Sensors and Industrial 3D Printing), By Solution (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Plant Asset Management (PAM, Functional Safety, Product Lifecycle Management (PLM) and Manufacturing Execution System (MES)), By Industr

Global Industry Control and Factory Automation Market Overview

The Industry control and factory automation Market was valued at USD 198.03 Billion in 2022. The Industry control and factory automation Market industry is projected to grow from USD 219.04 Billion in 2023 to USD 419.07 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.82 % during the forecast period (2023 - 2030). The global industry controls and factory automation market is expected to be driven by the rising adoption of industrial robots in the manufacturing sector, increasing adoption of industrial automation in different industries, and the growing use of enabling technologies in the manufacturing sector. On the other hand, the new product launches and R&D among major key players are expected to create lucrative growth opportunities for players operating in the global market.

 Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Industry Control and Factory Automation Market Trends

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  Rising adoption of industrial robots in the manufacturing sector to fuel the Industry control and factory automation market

  
  

Industrial robots are being used in the manufacturing sector to take on repetitive tasks, streamlining the assembly workflow. These robots are utilized as a part of assembling and manufacturing operations for applications such as material handling, operations processing, and assembly and security. These robots assure the guarantee of speed, effectiveness, and efficiency. In some factories across the globe, robots can be seen collaborating with the human workforce. Over the past 30 years, robot production has increased, and the average robot price has fallen by half. Industrial robots have long been used in various industries, such as automotive, electronics, and healthcare. According to the International Federation of Robotics (IFR), the global annual industrial robot installation figures increased by 11% between 2014 and 2019. According to the new World Robotics 2020 Industrial Robots report, there are 2.7 million industrial robots in industries worldwide. The share of newly installed robots in Asia was about two-thirds of the global supply, as per the new World Robotics 2020 Industrial Robots report.

Technologies such as artificial intelligence are becoming increasingly prevalent in these automation systems. With artificial intelligence, computer systems can use huge amounts of data to imitate human intelligence and reasoning, allowing the automation systems in manufacturing to learn, predict, and recommend what to do next. It provides solutions that keep operations efficient, safe, and accurate. This increased adoption of industrial robots in the manufacturing sector can position a company's business to stay competitive through years of growth. This rising adoption of industrial robots in the manufacturing sector is fueling the global industrial control and factory automation markets.

February, 2022: Hitachi launched its new TRO600 series wireless routers with 5G capability. These routers help industrial and utility customers achieve high reliability and resiliency in mission-critical operations. They enable a scalable, flexible, and secure, hybrid wireless communication architecture.

May, 2022: OMRON Launches "G9KB" Relay for High Capacity Electricity Storage Systems, Contributing to Realization of a Decarbonized Society with its " Switching Technology"

November 2021: Toshiba Corporation launched the "TLX9188," a high-voltage transistor output automotive photocoupler for isolated signal communication in automotive equipment, including electric mobility cars.

Increasing adoption of industrial automation in different industries to boost the Industry control and factory automation market

Industrial automation has been used increasingly in different industries such as automotive, chemicals, and energy utilities. Control systems are integral to many major industries, including electric power, oil & gas, water & wastewater, manufacturing, agriculture, transportation, and chemical factories. Supervisory control and data acquisition (SCADA), distributed control systems (DCS), programmable logic controllers (PLC), remote terminal units (RTU), intelligent electronic devices (IEDs), and other fields devices are among the control systems included in this system. New technologies are being used in a variety of industries to improve efficiency and convenience for both businesses and consumers.

There is increasing adoption of automation technologies in the pharmaceutical industry to help improve business and manufacturing efficiency and reduce risk by enabling remote access to equipment, proactive maintenance, and reducing and preventing human errors. Pharmaceutical businesses are increasingly collaborating with third-party solution providers to include robots in specialized processes such as medication discovery, production, and anti-counterfeiting. Automated and intelligent robots are also being used in the food & beverage industry to improve supply and demand management. These automation systems are being deployed to track products and goods from inception to fulfillment. Many robots in manufacturing collaborate with workers to do repetitive, tedious, or sophisticated activities under the worker's supervision and control, similar to these industries. Cameras, sensors, and automatic shut-off capabilities enable robots to sense and stay clear of humans in the workplace. This increased adoption of industrial automation is driving the global industry controls and factory automation market.

September 2021, MITSUBISHI Electric: present the brand-new critical product line earmarked specifically for the North American mission critical market.

June 2021, Schneider Electric: launched an edge software & digital services program to enable its partners to start new revenue streams by remotely monitoring and managing their customers' physical infrastructure.

April 2021, Honeywell Technology: enables large U.S. carbon capture and storage project. The project is expected to be one of the largest carbon sequestration initiatives in the US to date.

April 2021, Honeywell Technology: enables large U.S. carbon capture and storage project. The project is expected to be one of the largest carbon sequestration initiatives in the US to date.

Increasing use of enabling technologies in the manufacturing sector to Drive the Industry control and factory automation market

The key enabling technologies used in the manufacturing sector are the internet-of-things (IoT), radio frequency identification (RFID), wireless sensor networks (WSN) and ubiquitous computing. The main adoption drivers for industrial IoT solutions involve cost reduction, shorter time-to-market, mass customization, and improved safety. With the use of IoT, companies reduce operational costs and create new sources of revenue. This also helps monitor workers' health states and risky activities that can lead to injuries. Radiofrequency identification (RFID) helps in improving material flow and tracking damage that optimizes the supply chain. This technology also helps in boosting security and safety, advancing production execution, supporting inventory management, enhancing equipment efficiency, quality control, and others.

The wireless sensor networks (WSN) are used mostly in industrial applications involving tank inventory monitoring and logistics, equipment preventive maintenance, and real-time truck scheduling and routing. The use of wireless sensor networks (WSN) is increasing due to their low cost and miniature size, and ease of deployment. Ubiquitous computing helps in collecting, processing, and communicating data. Ubiquitous manufacturing is one of the emerging production paradigms towards which manufacturing companies are evolving. The use of these enabling technologies in the manufacturing sector is increasing, which is boosting the industry controls and factory automation market.

January 2022: Schneider Electric: acquires renewable energy platform Zeigo to expand digital procurement capabilities globally. The acquisition will complement Schneider Electric's portfolio of clean energy services and solutions and advance the company's digital energy transformation ambitions.

February 2022: 3D Systems: announced that it has entered into an agreement to acquire Kumovis. Kumovis' solutions are based on their proprietary extrusion technology, which was designed exclusively for precision printing of medical-grade, high-performance polymers like PEEK (polyether ether ketone). These materials are frequently used for human implants and surgical instruments, and when combined with Kumovis 3D printing technology, enable surgeons to provide better, faster, and more cost-effective patient results.

June 2021: GE-Prolec Transformers, Inc.: (collectively, "Prolec GE"), a subsidiary of a 50/50 joint venture between GE and Xignux, a Mexico-based private company, signed a definitive agreement with SPX Corporation to acquire its SPX Transformer Solutions business (SPXT) for $645 million in cash. Prolec GE's position as a significant distribution and power transformer provider and is projected to be strengthened due to the acquisition, giving clients a wider range of products and a stronger next-generation portfolio.

Industry Control and Factory Automation Market Segment Insights

Industry Control and Factory Automation Component Insights

Based on component, the Industry control and factory automation Market is segmented into Industrial Robots, Collaborative Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface (HMI), Industrial PC, Sensors, and Industrial 3D Printing. Among them, Industrial Robots segment dominated the Industry control and factory automation Market with a value of USD 47,073.87 million in 2022; with an expected CAGR of 9.01 % during the forecast period. An industrial robot is defined as a mechanical machine programmed to spontaneously execute manufacturing related tasks in manufacturing companies. Industrial robots are believed to be a kind of flexible automation since they are reprogrammable and can be utilized for various types of robotic functions. Robots are expanding into the desired computerization alternative for manufacturers as they are extremely useful for improving efficiency, producing high-quality manufactured goods, and decreasing costs.

February 2021: Eaton Corporation acquired Tripp Lite. Tripp Lite is a leading supplier of power quality products and connectivity solutions, including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets across the globe.

January 2021: Schneider Electric acquired DC Systems B.V., a Netherlands-based start-up specializing in active AC/ DC microgrids, DC power conversion, and a comprehensive range of DC solutions to advance innovations in electrical distribution. This acquisition has bolstered Schneider Electric's experience in providing resilient and sustainable energy infrastructures.

February 2020: Eaton Corporation acquired Power Distribution, Inc. PDI's portfolio is highly complementary to our current offering and will allow us to better serve our data center customers, said Brian Brickhouse, president, Electrical Sector, Americas region, Eaton. "We have watched the growth of PDI for the last decade and are excited to have them become part of Eaton."

Industry Control and Factory Automation Solution Insights

Based on solution, the Industry control and factory automation Market is segmented into Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Plant Asset Management (PAM), Functional Safety, Product Lifecycle Management (PLM), and Manufacturing Execution System (MES). The Product Lifecycle Management (PLM) segment dominated the Industry control and factory automation Market with a value of USD 58,417.88 million in 2022; with an expected CAGR of 10.24 % during the forecast period. PLM (product lifecycle management) is the process of managing a product's lifecycle from conception to sales, servicing, and retirement. PLM software, as a technology, aids firms in developing new products and bringing them to the market. The platform makes it simple to track and share data along the product value chain from initial design to production, supply chain management and operations, and asset maintenance. PLM is crucial in assisting firms in developing the next generation of products at a cheaper cost and faster time to market. While PLM can be viewed as a business strategy, three fundamentals impact how teams’ function and organizations' ability to grow and thrive.

November 2021, Toshiba Corporation developed AI technology that automatically produces physical models for identifying anomalies in social infrastructure equipment and determining the reasons for those faults. From measurable time-series data, the AI automatically creates a physical model that describes the states and motion of a target device.

November 2021, Toshiba Corporation introduced two photocouplers, "TLP5705H" and "TLP5702H". This photocoupler is intended for use as an insulated gate driver for IGBTs/MOSFETs with modest to medium capacities.

September 2021, Rockwell Automation released new Bulletin 140MT motor protection products. This product offers enhanced Type F combination motor controller ratings when it is used with Bulletin 100-C and 100-E contractors, enabling assembled starters to be applied without additional branch circuit protection.

Industry Control and Factory Automation Industry Insights

Based on industry, the Industry control and factory automation Market is segmented into Process Industry and Discrete Industry. Among them, the Discrete Industry segment dominated the Industry control and factory automation Market with a value of USD 112,550.66 million in 2022; with expected CAGR of 10.30 % during the forecast period. The discrete industry refers to the production of finished goods that are easily counted, touched, or seen. Parts and systems such as nuts and bolts, brackets, cables, assemblies, and individual products are used in discrete manufacturing. Automobiles, furniture, airplanes, toys, smartphones, and military systems are examples of discrete manufacturing items. A discrete product can theoretically be broken down at the end of its lifecycle to recycle its fundamental components.

April 2021, ABB announced its partnership with Equinor, a Norwegian leading energy company, for providing automation solutions, including its distributed control systems-ABB ability system 800xA with Select I/O, for the Krafla oil & gas field development.

April 2021, ABB signed a partnership deal with SSAB, a global steel company, for the modernization of roller table drives and motors integrated with companies' ability system 800xA distributed control system at SSAB's hot strip mill in the Swedish plant.

May 2021, Atlas Renewable Energy entered into a new collaboration agreement with ABB to jointly develop and commercialize Battery Energy Storage Systems for Atlas' renewable projects. ABB will also join the tenders released by Atlas Renewable Energy for the Engineering Package of the upcoming projects.

Industry Control and Factory Automation Regional Insights

Region-wise Industry control and factory automation Market has been divided into North America, Europe, Asia-Pacific, Rest of the World. Asia Pacific held the largest market share of 36.88% in 2022. As the construction sector, which is the key end user of industrial control & factory automation, is increasing at a healthy rate, APAC has been a major contributor to the growth of the industrial control & factory automation market. The expanding population in this region's emerging countries, combined with environmental concerns, encourages the use of industrial automation and factory automation components and systems such as distributed control system (DCS), supervisory control and data acquisition system (SCADA), 'industrial sensors, and industrial robots. The region's adoption of industrial control and factory automation is being aided by the surge in green building uptake and government measures to regulate energy-efficient practices across the commercial sector. However, the regional market is likely to shrink as a result of the COVID-19 epidemic, which has halted both ongoing and new infrastructure construction projects. However, with a steady recovery of the broader economy, this loss is likely to be restored in future years. China is expected to hold a major share in Asia-Pacific. China has pioneered the industrial robot market, paving the way for factory automation in the region and establishing itself as one of the world's major manufacturing nations. Factory automation at scale is made possible by a rise in the introduction of industrial robots into the country and the use of various industrial control system software across the country. Furthermore, to remain competitive, many manufacturing organizations are strategizing their manufacturing processes by implementing automation across their production facilities.

North America will witness significant growth in the coming years due to ' 'manufacturer's advanced production capabilities and efficient trading practices. The US, Mexico, and Canada make up North America. This region's prosperity stems from its strongly integrated markets. In terms of revenue, the market is seeing steady expansion. The United States dominates the economy of the North American region due to its highly diverse industrial market. In terms of expansion and innovation, industries in this region have more flexibility. However, some industries in North America have reached saturation, necessitating the development of new methods to overcome market inadequacies.

January 2020, Siemens (India) has agreed to buy C&S Electric Limited, situated in New Delhi, to address the growing need for electrification in India's industry, infrastructure, and buildings. Siemens' position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world's fastest-growing economies will be strengthened by acquiring one of the leading electrical and electronic equipment providers for infrastructure, power generation, transmission, and distribution.

March 2019, Siemens acquired Massachusetts-based Russelectric, a U.S. manufacturer of power control systems, including paralleling switchgear and automatic transfer switches. Siemens will better handle expanding power dependability, security, and cost needs in vital areas such as data centers, public infrastructure, and healthcare because of the acquisition. Both companies are prepared to collaborate across the low voltage power sector to provide technologies that ensure important installations have access to reliable power.

Industry Control and Factory Automation Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Industry control and factory automation Market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Industry control and factory automation Market industry must offer cost-effective products to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the global Industry control and factory automation industry to benefit clients and expand the Industry control and factory automation market sector is to manufacture locally to reduce operating costs. The market for Industry control and factory automation is recognized as being extremely competitive and fragmented. The market for Industry control and factory automation offers considerable potential opportunities for domestic and unorganised companies. Some of the key players operating in the Industry control and factory automation Market are Yokogawa Electric Corporation, Omron Corporation, Endress+Hauser, Fanuc Corporation, WIKA, Mitsubishi Electric Corporation, Eaton Corporation, Danfoss, Rockwell Automation, Yaskawa Electric Corporation, Toshiba Corporation, Honeywell International Inc., Dwyer, Stratasys, Hitachi, HP. 3D Systems, ABB, Schneider Electric, Siemens, General Electric, and Emerson Electric Co. To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.

Eaton Corporation: is a multinational power management company. The company provides energy-efficient solutions that help its customers effectively manage electrical, hydraulic, and mechanical power more efficiently, safely, and sustainably. Eaton operates through five operating segments, namely, electrical products, electrical systems and services, hydraulics, aerospace, and vehicle. The electrical products comprise industry automation, industrial components, residential products, single-phase power quality, emergency lighting, fire detection, wiring devices, structural support systems, circuit protection, and lighting products. The electrical system and services include power distribution and assemblies, three-phase power quality, hazardous duty electrical equipment, intrinsically safe explosion-proof instrumentation, utility power distribution, power reliability equipment, and services. The hydraulic segment includes various power products, control and sensing products, and fluid conveyance products. The company has operations in the US, Canada, Latin America, Europe, and Asia-Pacific.

Rockwell Automation: is a leader in industrial automation and digital transformation. The company has product brands such as Allen‑Bradley, FactoryTalk, and Lifecycle IQ Services. The company provides a vibrant environment where people can create a successful career by tackling complex, real-world problems that expand human potential. It has various industry sectors such as aerospace, automotive & tire, chemical, entertainment, food & beverage, infrastructure, life sciences, and semiconductor. The company has various products such as circuit & load protection, condition monitoring, connection devices, distributed control systems, drivers & motors, energy monitoring, human-machine interface, independent cart technology, industrial computers & monitors, input/output modules, industrial control products, lighting control, motion control, motor control, networks security & infrastructure, packaged solutions, and power supplies. It provides services across more than 80 countries.

Key Companies in the Industry control and factory automation Market includes

• Yokogawa Electric Corporation (Japan)


• Omron Corporation (Japan)


• Endress+Hauser (Switzerland)


• Fanuc Corporation (Japan)


• WIKA (Germany)


• Mitsubishi Electric Corporation (Japan)


• Eaton Corporation (Ireland)


• Danfoss (Denmark)


• Rockwell Automation (United States)


• Yaskawa Electric Corporation (Japan)


• Toshiba Corporation (Japan)


• Honeywell International Inc. (United States)


• Dwyer Instruments (United States)


• Stratasys (United States)


• Hitachi (Japan)


• HP (HewlettPackard) (United States)


• 3D Systems (United States)


• ABB (Switzerland)


• Schneider Electric (France)


• Siemens (Germany)


• General Electric (GE) (United States)


• Emerson Electric Co. (United States)

Industry Control and Factory Automation Industry Developments

January 2022, General Electric partnered with Reliance Bangladesh LNG & Power Ltd. to provide maintenance services and a suite of digital solutions for a 718 MW combined cycle power plant at Narayanganj, Bangladesh.

January 2022, Endress+Hauser has opened a new sales office in Muscat, the capital of Oman. The Swiss specialist in measurement and automation technology is thus strengthening its global network for sales and service in order to provide even better support to customers on the Arabian Peninsula across all industries

May 2022, Stratasys Ltd. announced new manufacturing materials across three different 3D printing technologies, including third-party materials for FDM 3D printers. Stratasys Validated materials for FDM 3D printers are among the new materials, as well several open, experimental materials for the P3-based Origin One 3D printer that may be used with an Open Material License, and polypropylene powder for the SAF technology-powered H350 3D printer.

September 2021, General Electric Renewable Energy's Grid solutions business (NYSE-GE) recently commissioned the first-ever fully digital high voltage substation on the African continent.

Industry Control and Factory Automation Market Segmentation

Industry Control and Factory Automation Component Outlook

• Industrial Robots


• Collaborative Industrial Robots


• Machine Vision


• Control Valves


• Field Instruments


• Human–Machine Interface (HMI)


• Industrial PC


• Sensors


• Industrial 3D Printing

Industry Control and Factory Automation Solution Outlook

• Supervisory Control and Data Acquisition (SCADA)


• Programmable Logic Controller (PLC)


• Distributed Control System (DCS)


• Plant Asset Management (PAM)


• Functional Safety


• Product Lifecycle Management (PLM)


• Manufacturing Execution System (MES)

Industry Control and Factory Automation Industry Outlook

• Process Industry


• Discrete Industry

Industry Control and Factory Automation Regional Outlook

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  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • South America