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Industrial Automation and Control Systems Market Share

Report ID: GMI5506
Published Date: Jan 2024
Report Format: PDF

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Industrial Automation and Control Systems Market Share

Major players operating in the industrial automation and control systems industry are:

ABB Ltd
Emerson Electric Co
General Electric
Honeywell International, Inc.
Kawasaki Heavy Industries, Ltd
Mitsubishi Electric Corporation
OMRON Corporation
Robert Bosch GmbH
Rockwell Automation Inc.
Schnieder Electric
Yokogawa Electric Corporation

Siemens AG hold a significant market share of over 10% in the used semi-truck market. Siemens AG plays a significant role in the Industrial Control and Automation Systems (ICAS) market, leveraging its expertise in industrial automation and digitalization. Siemens offers a comprehensive suite of products and solutions that cater to various industries, addressing the increasing demand for smart and efficient manufacturing processes.

Mitsubishi Electric Corporation and Emerson Electric Co are influential players in the ICAS market, providing a comprehensive suite of automation solutions to enhance the efficiency, reliability, and safety of industrial processes. Their offerings encompass a wide range of components, systems, and software designed to meet the diverse needs of industries worldwide.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The industrial automation and control system market was valued at over USD 165 billion in 2023 and is estimated to register a CAGR of over 9.5% between 2024 and 2032, owing to the growing demand for customization and flexibility.

The energy and utilities segment accounted for a market share of over 10% in 2023, favored by the shift towards smart grid technologies, renewable energy integration, and enhanced energy efficiency measures.

Asia Pacific dominated the global Industrial automation and control systems industry in 2023, accounting for a revenue share of over 35%, attributed to the growth of manufacturing sector.

ABB Ltd, Yokogawa Electric Corporation, Emerson Electric Co, Schnieder Electric, General Electric., Rockwell Automation Inc., Honeywell International, Inc., Robert Bosch GmbH, Kawasaki Heavy Industries, Ltd., OMRON Corporation and Mitsubishi Electric Corporation