Regional Players Dominate the Competition Comprising ~45% of Total Competitors Despite the Presence of about ~500 Competitors including Large Number of Country-Niche Players and Global Players, finds a recent market study on the Global Industrial Automation and Control Systems Market
Industrial automation uses technology and control systems, such as computers and robots, to complete activities that were previously completed manually. These solutions reduce the need for operator engagement and supervision by automating industrial equipment operations. Industrial automation control system solutions require smart devices for data gathering as well as secure infrastructures to enable communications and data transfers.
“Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.”
Global Players Constitute ~20% of the Total Number of Competitors, While Regional Players Dominate Representing ~45% of Total Competitors.
A comprehensive competitive analysis conducted during the Research Study found that the Global Industrial Automation and Control Systems Market is highly competitive with ~500 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in advancement in Industrial Automation and Control Systems solutions for multiple industries like Aerospace & Defense, Automotive, Chemical, Energy & Utilities, Food &Beverage, Healthcare, and Manufacturing. The majority of the global Industrial Automation and Control Systems solution companies, including Schneider Electric, Rockwell Automation, Inc., Honeywell International Inc., Emerson Electric co., ABB, Mitsubishi Electric Corporation, Siemens, Omron Corporation, Yokogawa Electric Corporation, and General Electric Co. maintained their leading positions in the forecast period.
The majority of the country’s players offer end-to-end solutions to the customer and industries to refining, manufacture cosmetics, pharmaceutical, and polishing. Country Niche players seeking to grow and diversify quickly.
The Ongoing Efforts Of Leading World Specialists To Provide Industrial Automation And Control Systems To Multiple Industries Is Likely to Boost the Market.
Detailed comparative analysis of key competitors available within the Research Study shows that specialists like Rockwell Automation are strongly focused on providing important Industrial Automation and Control Systems that can be used across multiple industries, including Aerospace & Defense, Automotive, Chemical, Healthcare, and Manufacturing, and many more. The market is very competitive, and in order to boost its reach, leading companies are employing aggressive techniques like joint ventures, technological partnerships, and mergers and acquisitions. Key market players are also anticipated to concentrate on cost-cutting, which would make it challenging for new entrants to enter the market. However, it is anticipated that market penetration would be achieved through creative entrepreneurs supported by venture capital funding. As both private and public sector enterprises come to the inevitable understanding that automation is essential to producing integrated and sustainable products and services needed by tech-savvy firms, innovation, productivity, and value are presumed to grow.
Emerson in October 2022 introduced DeltaVTM IO.CONNECT, a new subscription software service made to assist plants with modernization by providing an open architecture pathway that enables the transition to more efficient control schemes without completely overhauling current infrastructure. This can cut the labor need for a complete rip-and-replace update by hundreds or thousands of hours and by up to 40% in a typical plant with tens of thousands of I/O points and several controllers.
Government Programs Expansion to Support the Growth of the Industrial Automation and Control Systems Market Worldwide
- The People’s Republic of China’s 14th Five-Year Plan for National Economic and Social Development and Long-Range Objectives for 2035 was also approved by the National People’s Congress (NPC) in March 2021. China’s goal to enhance its core manufacturing capabilities, including high-end novel materials, smart manufacturing, and energy vehicles, is highlighted by the design.
- The Indian government aims for the manufacturing sector’s share of the GDP to expand from 17% to 25% through 2022. Businesses will definitely need to adopt Industry 4.0 and other digital technologies to achieve the goal.
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Ankur Gupta, Head Marketing & Communications