Industrial automation is the use of information technology and control systems (computers and set of devices) by replacing the human operator with these systems in order to control and regulate various industrial processes. In t ....see more
The home automation system market is expected to grow from USD 57.67 billion in 2024 to USD 73.49 billion by 2029, at a compound annual growth rate (CAGR) of 5.0% during the forecast period.The key players Johnson Controls Inc. (Ireland), Honeywell International Inc. (US), Schneider Electric (France), Siemens (Germany), ASSA ABLOY (Sweden), Apple Inc. (US), Robert Bosch (Germany), ABB (Switzerland), Legrand (France), ADT (US), Resideo Technologies Inc. (US).
The global steam trap market is expected to grow from USD 4.57 billion by 2024 to USD 5.57 billion by 2029, at a compound annual growth rate (CAGR) of 4.1% during the forecast period.The key players Spirax Group plc (UK), Emerson Electric Co. (US), Thermax Limited (India), SLB (US), Velan Inc. (Canada), Watts (US), Armstrong International Inc. (US), TLV CO., LTD. (Japan), Forbes Marshall (India), Xylem (US).
The global industrial control & factory automation market is expected to grow from USD 255.88 billion by 2024 to USD 399.12 billion by 2029, at a compound annual growth rate (CAGR) of 9.3% during the forecast period.The key players ABB (Switzerland), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), and Siemens (Germany).
The global Industrial Valve market is expected to grow from USD 95.58 billion by 2024 to USD 121.67 billion by 2029, at a compound annual growth rate (CAGR) of 4.9% during the forecast period.The key players include Emerson Electric Co. (US), SLB (US), Flowserve Corporation (US), IMI (UK), and Crane Company.
The global smart manufacturing market is expected to grow from USD 233.33 billion by 2024 to USD 479.17 billion by 2029, at a compound annual growth rate (CAGR) of 15.5% during the forecast period.The key players 3D Systems, Inc. (US), ABB (Switzerland), Cisco Systems, Inc. (US), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc.(US), and IBM (US).
The global mass flow controller market is expected to grow from USD 1.63 billion in 2024 to USD 2.32 billion by 2029, at a compound annual growth rate (CAGR) of 7.2% during the forecast period.The key players HORIBA, Ltd. (Japan), Sensirion AG (Switzerland), MKS Instruments (US) Teledyne Technologies Incorporated (US), and Bronkhorst (Netherlands).
The global vibration monitoring market is expected to grow from USD 1.85 billion in 2024 to USD 2.69 billion by 2029, at a compound annual growth rate (CAGR) of 7.8% during the forecast period.The key players Baker Hughes Company (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), Parker Hannifin Corp (US).
The global process automation and instrumentation market size is expected to reach USD 86.6 billion by 2027, at a CAGR of 5.5% during the forecast period. Major companies operating in this process automation and instrumentation market include ABB Ltd. (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), and Schneider Electric (France).
The global industrial metaverse market is expected to grow from USD 28.7 billion in 2024 to USD 228.6 billion by 2029, at a compound annual growth rate (CAGR) of 51.5%. during the forecast period.The key players NVIDIA Corporation (US), Microsoft (US), Siemens (Germany), Amazon Web Services, Inc. (US), IBM (US), Meta (US), HTC Corporation (Taiwan), ABB (Switzerland), PTC (US), Dassault Systèmes (France), GE Vernova (US), Intel Corporation (US), AVEVA Group Limited (UK), Alphabet, Inc. (US), and Nokia (Finland).
The Modular Automation Market is expected to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2029, at a compound annual growth rate (CAGR) of 7.9% during the forecast period.The key players ABB (Switzerland), Festo Inc. (Germany), Yokogawa Electric Corporation (Japan), Siemens (Germany), HIMA (Germany).
The global industrial software market is expected to grow from USD 21.5 billion in 2024 to USD 46.6 billion by 2029, at a compound annual growth rate (CAGR) of 16.7 % during the forecast period.The key players Siemens (Germany), Rockwell Automation (US), ABB (Switzerland), Emerson Electric Co. (US) and General Electric (US).
The HVAC system market is expected to grow from USD 281.7 billion in 2024 to USD 389.9 billion by 2029, at a compound annual growth rate (CAGR) of 6.7% during the forecast period.The key players DAIKIN INDUSTRIES (Japan), Johnson Controls (Ireland), LG Electronics (South Korea), Midea (China), Carrier (US).
The global 3D motion capture system market is expected to grow from USD 240 million in 2024 to USD 484 million by 2029, at a compound annual growth rate (CAGR) of 15.0% during the forecast period.The key players Vicon Motion Systems Ltd (UK), OptiTrack (US), Movella Inc. (US), Motion Analysis Corporation (US), Qualisys AB (Sweden).
The global Automated Material handling Equipment market is expected to grow from USD 33.3 billion in 2024 to USD 51.0 billion by 2029, at a compound annual growth rate (CAGR) of 8.9% during the forecast period.The key players Daifuku Co, Ltd. (Japan), KION GROUP AG (Germany), SSI SCHAEFER (Germany), TOYOTA INDUSTRIES CORPORATION (Japan) and HONEYWELL INTERNATIONAL INC. (US).
The warehouse management system market is expected to grow from USD 4.0 billion in 2024 to USD 8.6 billion by 2029, at a compound annual growth rate (CAGR) of 16.3% during the forecast period.The kay players Manhattan Associates (US), Blue Yonder Group, Inc. (US), Körber AG (Germany), Oracle (US), SAP (Germany), Infor (US). Microsoft (US), Reply (Italy), PTC Inc. (US), IBM (US), Ehrhardt Partner Group (Germany), Mecalux, S.A. (Spain), Dematic (US), SSI SCHAEFER Group (Germany), Tecsys Inc. (Canada), Epicor Software Corporation (US), Extensiv (US), Datapel Systems (Australia), Generix Group (France), ecovium Holding GmbH (Germany), Made4net (US), Microlistics (Australia), Softeon (US), Synergy Logistics Ltd. (UK), and Vinculum Solutions Pvt. Ltd. (India).
The Control Valve market is expected to grow from USD 10.0 billion in 2024 to USD 13.0 billion by 2029, at a compound annual growth rate (CAGR) of 5.4% during the forecast period.The key players Emerson Electric Co. (US), Flowserve Corporation (US), IMI (UK), Curtiss-Wright Corporation (US), Valmet (Finland), SLB (US), Spirax Sarco Limited (US), Crane Company (US), KITZ Corporation (Japan), Christian Bürkert GmbH & Co. KG (Germany).
The global SCADA market is expected to grow from USD 9.8 billion in 2022 to USD 14.2 billion by 2027, at a compound annual growth rate (CAGR) of 7.8% during the forecast period.The Top Players Rockwell Automation (US), Schneider Electric (France), Emerson Electric (US), Siemens (Germany), and ABB (Switzerland).
The global model based enterprise market size is expected to grow from USD 13.6 billion in 2024 to USD 27.1 billion by 2029, at a compound annual growth rate (CAGR) of 14.9% during the forecast period.The key players Siemens (Germany), PTC (US), Dassault Systèmes (France), SAP (Germany), Autodesk Inc. (US), HCL Technologies Limited (India), Oracle (US).
The Smart factory market is expected to grow from USD 100.6 billion in 2024 to USD 164.0 billion by 2029, at a compound annual growth rate (CAGR) of 10.3% during the forecast period.The key players ABB (Switzerland), Emerson Electric Co. (US), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), General Electric (US), Rockwell Automation, Inc. (US), Honeywell International Inc. (US), Yokogawa Electric Corporation (Japan), OMRON Corporation (Japan), Endress+Hauser (Switzerland), FANUC Corporation (Japan), WIKA (Germany), Dwyer Instruments, LLC. (US), Stratasys (US), 3D Systems Corporation (US) .
The global system integrator market is expected to grow from USD 29.7 billion in 2024 to USD 40.3 billion by 2029, at a compound annual growth rate (CAGR) of 6.3% during the forecast period.The key John Wood Group PLC (UK), ATS Corporation (Canada), JR Automation (US), Tesco Controls (US), Avanceon (US), Burrow Global, LLC (US), Prime Controls LP (US), Maverick Technologies LLC (US), BW Design Group (US), Intech (US).
The global fire protection system market size is expected to grow from USD 71.6 billion in 2024 to USD 97.2 billion by 2029, at a compound annual growth rate (CAGR) of 6.3% during the forecast period.The key players Carrier (US), Honeywell International Inc. (US), Johnson Controls (Ireland), Robert Bosch GmbH (Germany), Siemens (Germany).
The retail automation market is expected to grow from USD 27.6 billion in 2024 to USD 44.3 billion by 2029, at a compound annual growth rate (CAGR) of 9.9% during the forecast period.The key players Honeywell International Inc. (US), NCR VOYIX Corporation. (US), Diebold Nixdorf, Incorporated. (US), Zebra Technologies Corp. (US), Hangzhou Hikvision Digital Technology Co., Ltd. (China).
The global EMC shielding and test equipment market is expected to grow from USD 8.4 billion in 2024 to USD 11.3 billion by 2029, at a compound annual growth rate (CAGR) of 6.2% during the forecast period.The key players PARKER HANNIFIN CORP (US), PPG Industries, Inc. (US), 3M (US), Henkel AG & Co. KGaA (Germany), AMETEK.Inc. (US), Keysight Technologies (US) Liard Technologies, Inc. (US), Nolato AB (Sweden), MG Chemicals (Canada), Rohde & Schwarz (Germany).
The global industrial metrology market is expected to grow from USD 14.9 billion in 2024 to USD 20.6 billion by 2029, at a compound annual growth rate (CAGR) of 6.7% during the forecast period.The key players Hexagon AB (Sweden), Nikon Corporation (Japan), FARO (US), Carl Zeiss AG (Germany), JENOPTIK (Germany), KLA Corporation (US), Renishaw plc (UK), Mitutoyo Corporation (Japan), KEYENCE CORPORATION (Japan), CREAFORM (Canada).
The Machine safety market size is expected to grow from USD 5.4 billion in 2024 to USD 7.0 billion by 2029, at a compound annual growth rate (CAGR) of 5.4% during the forecast period.Schneider Electric (France), Honeywell International, Inc. (US), ABB (Switzerland), Rockwell Automation, Inc. (US), Siemens AG (Germany), OMRON Corporation (Japan), Keyence Corporation (Japan), Yokogawa Electric Corporation (Japan), Emerson Electric Co. (US), General Electric (US), Mitsubishi Electric Corporation (Japan), Sick AG (Germany), HIMA (Germany), IDEC Corporation (Japan).
The Cleanroom Lighting market is expected to grow from USD 0.9 billion in 2024 to USD 1.1 billion by 2029, at a compound annual growth rate (CAGR) of 5.4% during the forecast period.The key players Signify Holding (Netherlands), Wipro Lighting (India), Crompton Greaves Consumer Electricals Limited (India), Acuity Brands, Inc. (US), Kenall Manufacturing (US), Terra Universal Inc. (US), Bukas Lighting Group (US), Solite Europe (England), LUG Light Factory Sp. z o.o. (Poland).
The motion control market is expected to grow from USD 16.5 billion in 2024 to USD 21.6 billion by 2029, at a compound annual growth rate (CAGR) of 5.5% during the forecast period.The key players ABB (Switzerland), FANUC Corporation (Japan), Siemens (Germany), Yaskawa Electric Corporation (Japan), and Mitsubishi Electric Corporation (Japan).
The Manufacturing Execution Systems Market is expected to grow from USD 14.9 billion in 2024 to USD 23.0 billion by 2029, at a compound annual growth rate (CAGR) of 9.2% during the forecast period.The key players such as Siemens (Germany), Dassault Systemes (France), SAP (Germany), Rockwell Automation (US), Honeywell International Inc. (US).
The global machine condition monitoring monitoring market size is expected to grow from USD 3.1 billion in 2024 to USD 4.7 billion by 2029, at a compound annual growth rate (CAGR) of 8.3% during the forecast period.The key players Emerson Electric Co. (US), Honeywell International Inc. (US), PARKER HANNIFIN CORP. (US), Rockwell Automation (US), General Electric (US), Amphenol Corporation (US) and others.
The hydraulics market size is expected to grow from USD 42.5 billion in 2023 to USD 50.5 billion by 2028, at a compound annual growth rate (CAGR) of 3.5% during the forecast period.The key players Enerpac Tool Group (US), Bosch Rexroth AG (Germany), Danfoss (Denmark), Hydac International GmbH (Germany), Kawasaki Heavy Industries, Ltd. (Japan), KYB Corporation (Japan), SMC Corporation (Japan) Parker-Hannifin Corporation (US), Wipro Enterprises (India), Caterpillar (US).
The Ball valves market size is expected to grow from USD 13.6 billion in 2023 to USD 17.0 billion by 2028, at a compound annual growth rate (CAGR) of 4.6% during the forecast period.The Key players Emerson Electric Co. (US), Flowserve Corporation (US), SLB (US), IMI (UK), Valmet (Finland), Crane Company (US), KITZ Corporation (Japan), Neway Valves Co. Ltd. (China), Spirax Sarco Limited (UK), Trillium Flow Technologies (US).
The in-plant logistics market is expected to grow from USD 12.3 billion in 2023 to USD 19.5 billion by 2028, at a compound annual growth rate (CAGR) of 9.7% during the forecast period.The key players Daifuku Co., Ltd. (Japan), JBT (US), KION GROUP AG (Germany), KUKA AG (Germany), and Toyota Industries Corporation (Japan).
The global crane and hoist market is expected to grow from USD 31.5 billion in 2023 to USD 37.1 billion by 2028, at a compound annual growth rate (CAGR) of 3.3% during the forecast period.The key players Konecranes (Finland), Liebherr (Switzerland), Tadano Ltd. (Japan), The Manitowoc Company, Inc. (US), Zoomlion Heavy Industry Science & Technology Co., Ltd. (China), Terex Corporation (US), Ingersoll Rand (US), PALFINGER AG (Austria), Columbus McKinnon Corporation (US), KOBE STEEL, LTD. (Japan), XCMG Group (China), Sumitomo Heavy Industries, Ltd. (Japan), ABUS Kransysteme GmbH (Germany), Mammoet (Netherlands), KATO WORKS CO., LTD. (Japan), among others.
The global Industrial Services market is expected to grow from USD 39.1 billion in 2023 to USD 59.1 billion by 2028, at a compound annual growth rate (CAGR) of 8.6% during the forecast period.The key players ABB (Switzerland), Honeywell International Inc. (US), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany).
The global emission monitoring system market is expected to grow from USD 3.2 billion in 2023 to USD 5.0 billion by 2028, at a compound annual growth rate (CAGR) of 9.3% during the forecast period.The key players AMETEK. Inc. (US), Emerson Electric Co. (US), Thermo Fisher Scientific Inc. (US), Baker Hughes Company (US), Teledyne Technologies Incorporated (US).
The indoor location market is expected to grow from USD 191.5 billion in 2023 to USD 242.1 billion by 2028, at a compound annual growth rate (CAGR) of 4.8% during the forecast period.The key players Fortum (Finland), Vattenfall (Sweden), ENGIE (France), Danfoss (Denmark), Statkraft (Norway).
The Machine vision market is expected to grow from USD 12.9 billion in 2023 to USD 18.4 billion by 2028, at a compound annual growth rate (CAGR) of 7.3%. during the forecast period.The key players Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), National Instrument Corporation (US), Keyence Corporation (Japan), Teledyne Technologies (US), Sick AG (Germany), TKH Group (Netherland), Sony Corporation (Japan), Texas Instruments Incorporated (US), Intel Corporation (US), Atlas Copco (Sweden), Microsoft (US).
The Compressed Air Filter and Dryer Market is expected to grow from USD 5.6 billion in 2023 to USD 7.4 billion by 2028, at a compound annual growth rate (CAGR) of 5.8% during the forecast period.The key players Atlas Copco (Sweden), Ingersoll Rand (US), PARKER HANNIFIN CORP (US), Pentair (UK), and Donaldson Company, Inc. (US).
The HMI market is expected to grow from USD 5.2 billion in 2023 to USD 7.7 billion by 2028, at a compound annual growth rate (CAGR) of 8.2% during the forecast period. The key Players Rockwell Automation (US), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), and Honeywell International Inc. (US).
The global CNC Machine Market is expected to grow from USD 67.5 billion in 2023 to USD 80.4 billion by 2028, at a compound annual growth rate (CAGR) of 3.5% during the forecast period.The key players DMG MORI (Japan), Okuma Corporation (Japan), Makino Milling Machine Co., Ltd. (Japan), Haas Automation, Inc (US), JTEKT Corporation (Japan), DN SOLUTIONS (South Korea), TRUMPF (Germany), Hurco Companies, Inc. (US), Yamazaki Mazak Corporation (Japan), GF Machining Solutions Management SA (Switzerland), CHIRON Group SE (Germany), MAG IAS GmbH (Germany), GROB-WERKE GmbH & Co. KG (Germany), EMAG GmbH & Co. KG (Germany).
The ASRS market is expected to grow from USD 8.7 billion in 2023 to USD 12.7 billion by 2028, at a compound annual growth rate (CAGR) of 7.9 % during the forecast period.The key players Daifuku Co., Ltd (Japan), Murata Machinery, Ltd. (Japan), SSI SCHAEFER (Germany), TGW Logistics Group GmbH (Austria) and Kardex Holding AG (Switzerland).
The Process Analyzer market is expected to grow from USD 7.8 billion in 2023 to USD 9.3 billion by 2028, at a compound annual growth rate (CAGR) of 3.6% during the forecast period.The key players ABB (Switzerland), Emerson Electric Co. (US), Siemens (Germany), Endress+Hauser Group Services AG (Switzerland), Yokogawa Electric Corporation (Japan), Mettler Toledo (US), Suez (US), Thermo Fisher Scientific, Inc. (US), Ametek: Inc. (US), Anton Paar GmbH (Austria).
The Automated Guided Vehicle Market is expected to grow from USD 2.4 billion in 2023 to USD 3.3 billion by 2028, at a compound annual growth rate (CAGR) of 6.9% during the forecast period.The key players Daifuku (Japan), JBT (US), KION (Germany), Toyota Industries (Japan), KUKA (Germany).
The global digital twin market is expected to grow from USD 10.1 billion in 2023 to USD 110.1 billion by 2028, at a compound annual growth rate (CAGR) of 61.3% during the forecast period.The key players include General Electric (US), Microsoft (US), Siemens (Germany), Amazon Web Services (US), ANSYS (US), Dassault Systèmes (France), PTC (US), Robert Bosch (Germany).
The Autonomous Mobile Robots Market is expected to grow from USD 1.8 billion in 2023 to USD 4.1 billion by 2028, at a compound annual growth rate (CAGR) of 17.5% during the forecast period.The key players ABB (Switzerland), Omron Automation (US), Mobile Industrial Robots (Denmark), Fetch Robotics (US), OTTO Motors (Canada).
The global machine control system market is expected to grow from USD 5.1 billion in 2023 to USD 7.3 billion by 2028, at a compound annual growth rate (CAGR) of 7.4% during the forecast period.The key players include Topcon (Japan), Trimble Inc. (US), Hexagon AB (Switzerland), MOBA Mobile Automation AG (Germany), Hemisphere GNSS, Inc. (US), and EOS Positioning Systems, Inc. (US).
The global hygienic pumps and valves market is expected to grow from USD 2.3 billion in 2023 to USD 2.8 billion by 2028, at a compound annual growth rate (CAGR) of 3.7% during the forecast period.The major players Alfa Laval (Sweden), GEA Group Aktiengesellschaft (Germany), SPX FLOW, Inc. (US), Emerson Electric Co. (US), Spirax-Sarco Engineering plc (UK), and Flowserve Corporation (US).
The global sanitary pumps and valves market is expected to grow from USD 2.1 billion in 2023 to USD 2.5 billion by 2028, at a compound annual growth rate (CAGR) of 3.6% during the forecast period.The major players Alfa Laval (Sweden), Fristam Pumpen KG (GmbH & Co.) (Germany), GEA Group Aktiengesellschaft (Germany), SPX FLOW, Inc. (US), and Dover Corporation (US).
The Pharmaceutical Manufacturing Equipment market is expected to grow from USD 14.5 billion in 2023 to USD 19.7 billion by 2028, at a compound annual growth rate (CAGR) of 6.3% during the forecast period.The key players such as GEA Group Aktiengesellschaft (Germany), I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P. A (Italy), Syntegon Technology GmbH (Germany), ACG (India), and Thermo Fisher Scientific Inc.(US), Körber AG (Germany), Romaco Group (Germany), Marchesini Group (Italy), MG2 s.r.l. (Italy), and Glatt GmbH (Germany).
The global automotive manufacturing equipment market is expected to grow from USD 6.7 billion in 2023 to USD 11.4 billion by 2028, at a compound annual growth rate (CAGR) of 11.1% during the forecast period.The key players ABB (Switzerland), FANUC CORPORATION (Japan), KUKA AG (Germany), Yaskawa Electric Corporation (Japan), and Kawasaki Heavy Industries, Ltd (Japan), AMADA CO., LTD. (Japan), AIDA ENGINEERING, LTD. (Japan), Dürr Group (Germany), Schuler Group (Germany), TRUMPF (Germany), Universal Robots (Denmark), Daifuku Co., Ltd. (Japan), Yamazaki Mazak Corporation (Japan).