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3. Modular Automation Companies - ABB (Switzerland) and Festo Inc. (Germany) are the Key Players

The Modular Automation Market is expected to be valued at USD 4.8 billion in 2024 and is projected to reach USD 7.0 billion by 2029 and grow at a CAGR of 7.9% from 2024 to 2029. Product launches, acquisitions, partnerships, collaborations, agreements, and expansions are the major growth strategies the market players adopt. These strategies have enabled them to efficiently fulfil the growing demand for Modular Automation Market and expand their global footprint by offering their product and services in all the major regions.

The key players operating in the Modular Automation Market are ABB (Switzerland), Festo Inc. (Germany), Yokogawa Electric Corporation (Japan), Siemens (Germany), HIMA (Germany), Bosch Rexroth AG (Germany), Modular Automation (Ireland), Ascential Technologies (US), Ginolis OY (Finland), Inniti (Denmark), Sojka Automation GmbH (Germany), Messung Industrial Automation (India), Inovatech Automation Inc. (US), Oriental Motor USA Corp (Germany), Ward Automation (Ireland), Designpro Automation (Ireland), Rockwell Automation (US), Sarla Technologies (India), Modular Automation GmbH (Germany), Acubez Modular Automation Ltd. (Israel), Honeywell International Inc. (US), TEAL (India), Mitsubishi Electric Corporation (Japan), Emerson Electric Co (US), Beckhoff Automation (Germany).

To know about the assumptions considered for the study download the pdf brochure

Major Modular Automation companies include:

• ABB (Switzerland)
• Festo Inc. (Germany)
• Yokogawa Electric Corporation (Japan)
• Siemens (Germany)
• HIMA (Germany)

ABB (Switzerland):

ABB is a global leader in technology focused on improving electricity and automation, aiming for cleaner energy use and smarter factories. Their goal is to lead in these technologies to promote sustainable and efficient resource use. ABB operates through segments like Electrification, Motion, Process Automation, and Robotics & Discrete Automation, with Modular Automation offered via the Process Automation segment. They provide diverse automation, electrification, and digital solutions for manufacturing, energy, and marine industries. ABB has a presence in over 100 countries, with a strong performance particularly in Europe, where they generate the most revenue.

Festo Inc. (Germany):

Festo Inc. is a global leader in automation technology and technical education solutions, serving over 35 industries with innovative products that enhance efficiency and productivity. As an independent, family-owned company, Festo operates through two main divisions: Automation, which delivers advanced automation technology, and Didactic, which offers comprehensive learning systems, training programs, and consulting services. Their automation technology includes pneumatic, servo-pneumatic, and electric solutions and Life Tech solutions for medical and laboratory automation. Festo supports industry-specific skills development and operational efficiency, serving over 300,000 customers in 176 countries, with operations in about 60 countries and a network of over 250 branch offices.

Yokogawa Electric Corporation (Japan):

Yokogawa is a leader in Industrial Automation and Test and Measurement solutions, combining advanced technology with engineering expertise, project management, and maintenance services to ensure operational efficiency, safety, quality, and reliability. Known for its consultancy services and industry experience, Yokogawa introduced Exapilot in 2000, the first automated procedural control solution now used in over 1,000 plants worldwide. The company operates in segments such as Industrial Automation and Control, Measuring Instruments, and New Ventures. In the Industrial Automation and Control sector, it offers field instruments, control systems, productivity-enhancing software, and lifecycle cost-reducing services. Yokogawa's global presence spans across multiple regions, with Japan being its primary revenue source.

Siemens (Germany):

Siemens is a global technology group active in nearly every country, specializing in automation and digitalization for process and manufacturing industries, intelligent infrastructure for buildings and energy systems, smart rail mobility solutions, and medical technology with digital healthcare services. Its main segments include Digital Industries, Smart Infrastructure, Mobility, and Siemens Healthineers, collectively known as the "Industrial Business." The Digital Industries segment offers a wide range of automation products and system solutions for discrete and process industries, supported by product lifecycle management and data-driven services. Siemens operates worldwide, with a significant presence in Europe, the Commonwealth of Independent States (C.I.S.), Africa, the Middle East, the Americas, Asia, and Australia, with Europe, C.I.S., and Africa being the primary revenue generators.

HIMA (Germany):

HIMA is a leading company in modular automation, known for its safety and control solutions that provide flexible and scalable configurations for various industrial needs. Specializing in safety and reliability, HIMA's modular automation systems help businesses optimize processes, enhance productivity, and maintain high safety standards. Serving industries such as chemical, petrochemical, oil, gas, and energy, HIMA's solutions improve functional safety, strengthen automation security, and boost plant profitability. With over 50,000 TÜV-certified safety systems deployed, HIMA is a benchmark for reliability and excellence in industrial safety and automation. The company has a global presence with over 50 locations, including regional centres in Europe, the UK, Asia, Australia, New Zealand, the Middle East, and North America, providing extensive support and coverage for clients worldwide.

Related Reports:

Modular Automation Market by Type (Modular Type Packages, Modular DCS), Mobility (Semi-automatic, Fully Automatic), Component (Robot Controllers, I/O Modules, Drives & Motors, Sensors & Actuators, Safety), End-user Industry - Global Forecast to 2029

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