Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for auto industry professionals · Saturday, October 5, 2024 · 749,309,518 Articles · 3+ Million Readers

Automation And Controls Market Size, Share And Growth Analysis For 2024-2033

Automation And Controls Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033

Automation And Controls Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company's Automation And Controls Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs ”
— The Business Research Company

LONDON, GREATER LONDON, UK, June 21, 2024 /EINPresswire.com/ -- The automation and controls market has witnessed rapid expansion in recent years, with projections indicating substantial growth ahead. Starting at $127.13 billion in 2023, the market is expected to reach $139.8 billion in 2024, growing at a robust CAGR of 9.9%. This growth can be attributed to various factors such as the industrial revolution, computerization, electrification, programmable logic controllers (PLCs), and the digital revolution, including the internet of things (IoT).

Rising Demand for Smart Manufacturing Drives Market Expansion
Anticipated to expand further, the automation and controls market is forecasted to achieve a size of $202.1 billion by 2028, growing at a CAGR of 9.6%. This growth will be driven by the increasing adoption of smart manufacturing practices, which aim to enhance operational efficiency and mitigate challenges arising from rising labor costs, skills shortages, and the need for remote monitoring and management. Urbanization and infrastructure development will also contribute significantly to market expansion during this period.

Explore detailed insights into the automation and controls market with a comprehensive sample report:
https://www.thebusinessresearchcompany.com/sample_request?id=14048&type=smp

Major Players Innovating to Maintain Market Position
Key companies in the automation and controls sector, including Hitachi Ltd., Siemens AG, General Electric Company, and Mitsubishi Electric Corporation, are actively innovating to maintain their competitive edge. For instance, Emerson Electric Co. introduced the MTConnect driver for its Movicon.NExTTM 4.1.333 platform, aimed at enhancing industrial control capabilities through seamless data integration and scalability.

Market Segments Overview
The automation and controls market is segmented based on product type, application, and end-use sectors:
Product Type:
• Programmable Logic Controller (PLC)
• Supervisory Control And Data Acquisition (SCADA)
• Programmable Automation Controller (PAC)
• Distributed Control System (DCS)
• Human-Machine Interface (HMI)
• Manufacturing Execution System (MES)
Application:
• Lighting
• Heating, Ventilation and Air Conditioning (HVAC)
• Safety And Security
• Other Applications
End Use:
• Residential
• Commercial
• Industrial
• Oil And Gas
• Mining And Metals
• Automotive And Transportation
• Manufacturing Electrical And Electronics
• Other End Users

Asia-Pacific Leads the Automation and Controls Market
In 2023, Asia-Pacific emerged as the largest regional market for automation and controls, driven by rapid industrialization and technological advancements across key economies in the region. Detailed insights into regional dynamics and growth opportunities are available in the comprehensive report.

Access the complete report for an in-depth analysis of the automation and controls market:
https://www.thebusinessresearchcompany.com/report/automation-and-controls-global-market-report

Automation And Controls Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Automation And Controls Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on automation and controls market size, automation and controls market drivers and trends, automation and controls market major players, competitors' revenues, market positioning, and market growth across geographies. The automation and controls 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.

Browse Through More Similar Reports By The Business Research Company:
RPA And Hyperautomation Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/rpa-and-hyperautomation-global-market-report

Electronic Design Automation Software Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/electronic-design-automation-software-global-market-report

Food Automation Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/food-automation-global-market-report

About The Business Research Company
The Business Research Company has published over 27 industries, spanning over 8000+ markets and 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s 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.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
X
LinkedIn

Unveiling the Automotive Heads-Up Display Market: Growth Potential & Technological Advancements

Powered by EIN Presswire

Distribution channels: Automotive Industry, Business & Economy, International Organizations, Technology, World & Regional

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Submit your press release