Automation Market, 2019-2025 | Growing at a CAGR of 6%
Published | 15 November 2019
According to BlueWeave
Consulting, The Global Automation Market is expected to grow at a significant
rate during the forecast period. The global automation market was approximately valued at USD billion in the year 2019 and is expected to
generate a bulk revenue of around USD billion by the year 2025, by growing at a
CAGR of around 6 % during the forecast period 2019- 2025. The market is growing
due to several factors.
The global automation market
is anticipated to show a considerable growth, particularly in the areas of artificial
intelligence, 3D printing, and drones, each of which are projected to nearly
double in generating revenues over the time span of three years till the year
2025.
Automation is now an
essential factor to most of the modern industries, and that is the reason why
the industrial software development is highly crucial to fields including
engineering, tech, and scientific research.
The global automation market
is regularly credited with a few advantages for mankind, for example, expanded
profitability, decreased work serious work, higher benefits, and bettered
security. Robotics and control frameworks are the most significant parts of
automation, as the whole usefulness lays on them. People tend to bring
fluctuation into their work. Manual work is regularly scrutinized for
irregularity as the yield is totally subject to ordinary limit with respect to
work.
Automation market is the
direct inverse of this predicament, and gives items that carry consistency to
ventures. The greatest automation market challenge is the underlying expense of
speculation that is required for structuring, executing, and introducing a
robotized framework.
The
fixed automation segment from the type section holds a major share in the
global automation market during the forecast period
By Type, the fixed
automation segment accounts for the largest market share and is subsequently
growing with an approximate value of ~10% CAGR during the forecast period 2019-
2025.
The
SCADA segment from the technologies section holds a major share in the global
automation market during the forecast period
By Technologies, the
supervisory control and data acquisition (SCADA) segment holds the largest
market share and is subsequently growing with approximately ~11% CAGR during
the forecast period 2019- 2025. The growing demand for faster and higher
production capacities is hugely propelling the market growth for automation.
The
manufacturing segment from end-user section holds a major share in the global
automation market during the forecast period
By End User segment, the
manufacturing section holds the largest market share and is majorly growing
with an approximate value of 7% CAGR by the end of the forecast period 2019-
2025. Currently, the manufacturing units are making the best use of the
automated processes in order to meet with the faster production of goods.
Automation in any trade now ensures faster production capacity along with
faster delivery of goods. The automation process is highly necessary for the
development of business.
The
Asia Pacific region holds a lion’s share in the global automation market during
the forecast period
Based on its regional
demand, the Asia Pacific region is anticipated to hold the largest market share
in the upcoming years in terms of revenue. The growth of the automation market
is majorly accredited to the presence of the major industry players in this
region including Daimler, and Renault. Major players making investments in the
automation system is driving the market growth in the forthcoming years. This
region will be the major contributor to the market growth during the forecast
period.
Global
Automation Market: Competitive Insight
The major industry players
in the global automation market include prominent names like Mitsubishi
Electric Corporation, General Electric, Rockwell Automation, and Yokogawa
Electric, ABB, Honeywell Solutions, Emerson Electric, Siemens AG, Schneider
Electric, among others.
Browse Detailed Analysis
with TOC, “Global Automation Market by
Type (Programmable Automation and Fixed Automation), by Technology (Supervisory
control and data acquisition (SCADA), Programmable Automation Controller (PAC),
Programmable Logic Controller (PLC), Distributed Control System (DCS), Human
Machine Interface (HMI)), by End-user(Machine Manufacturing, Oil & Gas, Electrical
& Electronics, Chemical, Aerospace & Defense, Pharmaceuticals, Food
& Beverages, Automotive & Transportation, Electric Power Generation,
and Mining & Metals) –by Trend Analysis, Competitive Market Share &
Forecast, 2015-2025”
At
The in-depth analysis of the
report provides the growth potential, upcoming trends and statistics of
Automation Market size & forecast. The report promises to provide
state-of-the-art technology of Automation Market and industry insights which
help decision makers to take sound strategic decisions. Furthermore, the report
also analyzes the market drivers and challenges and competitive analysis of the
market.
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