According to Stratistics MRC, the Global Automation Solutions Market is accounted for $191.25 billion in 2020 and is expected to reach $448.09 billion by 2028 growing at a CAGR of 11.23% during the forecast period. Owing to the growth prospects in the residential real estate, rising demand for automation in warehouses, emergence of IIoT analytics for improving ease of monitoring and service management are driving the market growth. However, unreliable connectivity among master system and on-site operations are hampering the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period due to the growing exploration activities in Australia and the presence of leading mining companies, and moreover, emerging economies and the rise in the transition from manual cognitive work to automated cognitive work are anticipated to improve the market growth in the region.
Some of the key players profiled in the Automation Solutions Market include Rockwell Automation, Schneider Electric, Siemens, Honeywell, Emerson Electric, Koyo Electronics, ABB Group, Mitsubishi Electric Corp., Yokogawa Electric Co., Omron Corporation and Hitachi Ltd.
Types Covered:
• Supervisory Control and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Manufacturing Execution Systems (MES)
Solutions Covered:
• Excitation Systems
• Security
• Instrumentation
• Distributed Control System (DCS)
• Product Lifecycle Management (PLM)
• Software
• Service
• Equipment Automation
End Users Covered:
• Oil & Gas
• Pharmaceuticals
• Security and Surveillance
• Automotive
• Industrial
• Food and Beverage
• Chemical
• Mining
Sales Channels Covered:
• Distributor
• Direct Sales
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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