Industrial Automation And Control Systems Market Size Hits US$ 308.93 billion by 2030

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The global Industrial Automation And Control Systems market size is expected to be worth around US$ 308.93 billion by 2030, according to a new report by Vision Research Reports.

The global Industrial Automation And Control Systems market size was valued at US$ 246.79 billion in 2020 and is anticipated to grow at a CAGR of 17.9% during forecast period 2021 to 2030.

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Industrial Automation And Control Systems Market (By Component: HMI, Industrial Robots, Control Valves, Sensors, Others; By Control System: DCS, PLC, SCADA, Others; By Vertical: Aerospace & Defense, Automotive, Chemical,Energy & Utilities, Food & Beverage, Healthcare, Manufacturing, Mining & Metal, Oil & Gas, Transportation, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Growth Factors

The proliferation of digitized industrial solutions is paving the way for the growth of the industry globally. Manufacturing and healthcare facilities are heavily investing in the deployment of automation technologies to streamline and simplify their everyday operations. The discovery of new crude oil reserves and growing need for enhanced security and safety standards in oil refineries are driving the demand for  (DCS) in the oil and gas industry. Additionally, the manufacturing and water and wastewater industries are widely adopting SCADA systems owing to their benefits, such as scalability and reliability.

The prevalence of Industry 4.0 has given rise to substantial opportunities for market participants engaged in offering automation, robotics, intelligent control systems, and IIoT technologies to the manufacturing sector. Leading automation control system companies incorporate advanced technologies in their product offerings to help users simplify their daily activities. Additionally, companies are focused on innovating industry-specific customized solutions to reduce production costs, optimize efficiency with adequate resources, and standardize operations. 

Report Highlights

 The control valves segment dominated the market in 2020, accounting for over 34% of the total revenue share, and is expected to maintain its dominance over the forecast period. Control valve automation has witnessed significant advancements over the past few years. While the overall structure of the component remains largely unchanged, solution providers are focused on automating and achieving precise positioning of these instruments. Over the past decade, developments such as the introduction of smart and digital valve positioners with internal capabilities for diagnostics and alarm status, among others, have outpaced the performance of conventional mechanical systems. Such innovations have resulted in increased traction among customers, consequently supporting the segment demand.

The industrial robots segment is expected to exhibit the highest CAGR of over 11% from 2021 to 2030. The growth can be attributed to a substantial increase in the adoption of robots for carrying out automation processes. Robotic industrial automation is transforming the face of production processes, with manufacturers across the globe progressively implementing robots to enhance the efficiency and safety of their operations.

The manufacturing vertical is expected to dominate the industrial automation and control systems market over the forecast period and account for over 17% of the revenue share by 2030. The convergence of technology and automation in manufacturing operations is rapidly progressing with manufacturers realizing the value of successful digital transformation. The adoption of automation solutions also facilitates the integration of electric assets and production process information to help enhance sustainability across the entire manufacturing plant lifecycle. Even before the COVID-19 pandemic, manufacturers encountered several challenges, such as rapid demand fluctuations, market uncertainty, and disruptions in the supply chain. Such challenges have instigated the need for more agility, efficiency, and sustainability, thereby resulting in increased demand for these solutions.

The healthcare segment is poised to record the highest CAGR of nearly 10% from 2021 to 2030. Automation helps healthcare workers and hospitals to track patient records and share them across multiple systems, along with analyzing key checkpoints to reach a better conclusion.

The DCS segment dominated the market and captured over 34% of the total revenue share in 2020. The segment is expected to continue dominating the market over the forecast period. DCS helps to centralize operations and provides flexibility by enabling central control, reporting, and monitoring of individual components. Benefits such as scalability, easy and convenient installation, and automatic updates are leading to the increased demand for DCS. Moreover, the growing industrialization across the globe, especially in developing nations of Asia Pacific and the Middle East, has also led to the accelerated demand for DCS.

SCADA is expected to exhibit the highest CAGR of 10% from 2021 to 2030. The growth can be attributed to the increasing acceptance of SCADA control systems across numerous end-use industries, including oil and gas, manufacturing, utilities, and wastewater. Furthermore, key industry players such as Schneider Electric and ABB are focusing on making regular advancements in the control system and expanding their portfolio to meet the rising expectations of customers.

Asia Pacific dominated the market in 2020 with a revenue share of over 30%. The adoption of these systems is continually increasing in countries such as India, Japan, China, and South Korea. A recent study by Grand View Research suggested that Asia Pacific alone possesses approximately 1.5 million robots installed in its industrial facilities, out of which over 30% are located within China. Besides, an enormous untapped market exists in developing economies such as Indonesia, Vietnam, and Thailand, attracting new investments to set up production facilities.

Report Coverage Details
Market Size US$ 308.93 billion by 2030
Growth Rate CAGR of 17.9% From 2021 to 2030
Base Year 2020
Forecast Year 2021 to 2030
Segments Covered Component, Control System, Vertical, Region
Companies Mentioned ABB, Emerson Electric Co., Rockwell Automation, Inc., Schneider Electric, Siemens AG, Honeywell International, Inc.

Key Players

  • ABB
  • Emerson Electric Co.
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Siemens AG
  • Honeywell International, Inc.

Market Segmentation

  • Component Outlook
    • HMI
    • Industrial Robots
    • Control Valves
    • Sensors
    • Others
  • Control System Outlook
    • DCS
    • PLC
    • SCADA
    • Others
  • Vertical Outlook
    • Aerospace & Defense
    • Automotive
    • Chemical
    • Energy & Utilities
    • Food & Beverage
    • Healthcare
    • Manufacturing
    • Mining & Metal
    • Oil & Gas
    • Transportation
    • Others
  • Regional Outlook
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East and Africa (MEA)

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