Industrial Control and Factory Automation Market Report and Forecast 2025-2034

The global industrial control and factory automation market reached a value of about USD 151.35 Billion in 2024. The industry is further expected to grow at a CAGR of 7.90% in the forecast period of 2025-2034 to reach a value of around USD 323.74 Billion by 2034.

The Asia Pacific to Account for a Significant Share of the Market for Industrial Control and Factory Automation

The Asia Pacific is one of the major contributors to the growth of the industrial control and factory automation industry owing to the robust growth of the construction industry. As the construction industry extensively deploys industrial control and factory automation, the market is expanding at a healthy rate in the region. Moreover, the increasing construction of green buildings in the region owing to the introduction of favourable government initiatives to boost the energy-efficiency of buildings is surging the adoption of industrial control and factory automation. With the growing concerns regarding rapid climate change in the industrial sector, the use of industrial control and factory automation components and systems is increasing to reduce carbon footprint and bolster productivity, which is invigorating the market growth.

The market is being driven by the rising adoption of automation technology across all industrial sectors in countries like China and India. As China is one of the leading markets for industrial robots , factory automation in the country is significantly surging. The robust growth of the manufacturing sector in India and China are also augmenting the growth of the industrial control and factory automation industry. The growing adoption of innovative industrial control system software, to facilitate factory automation, is estimated to bolster the market growth. Further, manufacturing companies are strategising their manufacturing processes to enhance their profitability by adopting automation across their production sites, which is projected to provide impetus to the growth of the market.

Industrial Control and Factory Automation: Market Segmentation

The usage of control systems like computers or robots and information technology to handle various processes and machines in an industry to replace a human being is known as industrial automation and factory automation. It is the next step in the industrialisation process after mechanisation. Using closed-loop control approaches, industrial processes use automation technologies to automatically adjust process variables to set or desired levels. Industrial automation improves worker safety by replacing people with automated machines in hazardous working environments.

Based on component, the market is divided into:

• Industrial Robots

  

Traditional Industrial Robots

  

Collaborative Robot

• Machine Vision System

  

Cameras

  

Frame Grabbers, Optics, and LED Lighting

• Process Analyser
• Field Instruments

  

Flowmeter

  

Transmitter

• Human–Machine Interface (HMI)
• Industrial PC
• Industrial Sensors

  

Wired Industrial Sensors

  

Wireless Industrial Sensors

• Industrial 3D Printing
• Vibration Monitoring
• Others

By solution, the market is segmented into:

• Supervisory Control and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Manufacturing Execution System (MES)
• Industrial Safety
• Plant Asset Management (PAM)

On the basis of industry, the market is divided into:

• Process Industry

  

Oil and Gas

  

Chemical

  

Pulp and Paper

  

Pharmaceutical

  

Metals and Mining

  

Food and Beverage

  

Energy and Power

  

Others

• Discrete Industry

  

Automotive

  

Machine Manufacturing

  

Semiconductor and Electronics

  

Aerospace and Defence

  

Medical Devices

  

Others

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Growing Trend of Connected Enterprises in the Industrial Sector Augmenting the Market Growth

The growing trend of connected enterprises in the industrial sector is fuelling the growth of the industrial control and factory automation industry. As efficient information flow across different units in industries is crucial for increased production activities, the demand for automation is surging. The increasing requirement for enhanced productivity and the manufacturing of quality products are driving the demand for advanced tools and software systems. This, in turn, is significantly contributing to the growth of the market for industrial control and factory automation.

The introduction of various favourable government initiatives to promote industrial automation is bolstering the market growth. The growing adoption of emerging technologies such as the Internet of things (IoT) and Artificial Intelligence (AI) in industrial environments and the growing focus on optimum utilisation of resources are propelling the market growth of the industrial control and factory automation. With the growing focus to futureproof industrial operations, in the wake of the COVID-19 crisis, the demand for industrial control and factory automation systems is surging, which is estimated to further bolster the growth of the market in the forecast period.

Key Industry Players in the Global Industrial Control and Factory Automation Market

The report gives a detailed analysis of the following key players in the global industrial control and factory automation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• ABB Ltd
• Emerson Electric Co.
• Siemens AG
• Mitsubishi Electric Corporation
• Rockwell Automation, Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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