Industry Controls Factory Automation Market

• 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.

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

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.

Regulatory compliance is increasingly influencing the Global Industry Control and Factory Automation Market Industry. Governments worldwide are implementing stringent regulations to ensure safety, quality, and environmental sustainability in manufacturing processes. Compliance with these regulations often necessitates the adoption of advanced automation technologies, which can monitor and control production processes more effectively. For example, industries such as pharmaceuticals and food processing are required to adhere to strict guidelines, driving the demand for automated solutions. As companies strive to meet these regulations, the market is expected to witness substantial growth, reflecting the importance of compliance in operational strategies.

The transformation of the workforce is a notable driver in the Global Industry Control and Factory Automation Market Industry. As automation technologies become more prevalent, there is a growing need for skilled workers who can operate and maintain these advanced systems. This shift necessitates investment in training and development programs to equip the workforce with the necessary skills. Companies that embrace this transformation are likely to benefit from increased productivity and innovation. The emphasis on workforce development highlights the importance of aligning human resources with technological advancements, ensuring that organizations can fully leverage the potential of automation in their operations.

The Global Industry Control and Factory Automation Market Industry is poised for substantial growth, with projections indicating a market size of 241.1 USD Billion in 2024 and a remarkable increase to 669.4 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 9.73% from 2025 to 2035, reflecting the increasing adoption of automation technologies across various sectors. The market's expansion is driven by factors such as technological advancements, efficiency demands, regulatory compliance, supply chain optimization, and workforce transformation. These elements collectively contribute to a dynamic landscape that is reshaping the future of manufacturing and industrial operations.

The Global Industry Control and Factory Automation Market Industry experiences rapid growth due to continuous technological advancements. Innovations in artificial intelligence, machine learning, and the Internet of Things are transforming traditional manufacturing processes. For instance, the integration of AI in predictive maintenance enhances operational efficiency and reduces downtime. As a result, the market is projected to reach 241.1 USD Billion in 2024, driven by the demand for smart factories and automated solutions. Companies are increasingly adopting these technologies to optimize production and improve quality control, indicating a shift towards more intelligent manufacturing systems.

Efficiency remains a critical driver in the Global Industry Control and Factory Automation Market Industry. Manufacturers are under constant pressure to reduce operational costs while maintaining high-quality standards. Automation solutions, such as robotics and process control systems, enable companies to streamline operations and minimize waste. This focus on efficiency is projected to propel the market to 669.4 USD Billion by 2035, with a compound annual growth rate of 9.73% from 2025 to 2035. The adoption of automated systems not only enhances productivity but also allows for better resource management, which is essential in today's competitive landscape.

The optimization of global supply chains significantly impacts the Global Industry Control and Factory Automation Market Industry. As businesses expand their operations internationally, the need for efficient supply chain management becomes paramount. Automation technologies facilitate real-time tracking and management of inventory, production schedules, and logistics. This capability enhances responsiveness to market demands and reduces lead times. Consequently, companies are increasingly investing in automation solutions to streamline their supply chains, which is likely to contribute to the market's growth trajectory. The focus on supply chain optimization underscores the interconnectedness of global manufacturing and the role of automation in enhancing competitiveness.

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.

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.