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Industrial Automation and Control Systems Market To Grow At A CAGR of 8.6% By 2025 Due To Rising Need For Process Automation in Various Industries | Million Insights

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Industrial Automation and Control Systems Market To Grow At A CAGR of 8.6% By 2025 Due To Rising Need For Process Automation in Various Industries | Million Insights

September 09
10:11 2021
Industrial Automation and Control Systems Market To Grow At A CAGR of 8.6% By 2025 Due To Rising Need For Process Automation in Various Industries | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global industrial automation and control system industry research report offers thorough insights on top players, verticals and global demand. It also offers ready, data-driven answers to several industry-level questions.

The global industrial automation & control systems market size is estimated to reach USD 223.0 billion by the end of 2025 and is projected to grow at a CAGR of 8.6% during the forecast period 2019 to 2025, according to a new report by Million Insights.Growing demand for automation systems like DCS, SCADA, and PLC to optimize operational efficiency is projected to spur market growth. Several factors such as growing labor costs, precise manufacturing and accuracy in operation are gaining traction in the market. However, high installation cost may hinder the market growth.

Rising spending on research & development with government support for transforming industry with industry 4.0 standards is driving market growth. For example, the government of the U.S. is aiming to invest in the development of industrial IoT and smart manufacturing, which is expected to bolster market growth in the next few years. In China, material and labor cost arerising, hence the industries are focusing on digitalizing manufacturing process to reduceoperational costs. Government of China has set an aim by 2025 to transform high value producing product & services country under Made in China Initiative. This initiative is expected to bolster the market growth.

To download the sample PDF of “Industrial Automation and Control Systems Market” Report please click here: https://www.millioninsights.com/industry-reports/global-industrial-automation-control-systems-market/request-sample 

 

Automation and controlling systems include components like control valves, industrial robots, 3D printers, human-machine interfaces, field instruments and others. All these components possess huge demand from industries like manufacturing, oil & gas, automotive, and food & beverages. The automation systems are highly required in manufacturing industries.Automation systems enhance productivity and improve operational capabilities with reduced overall cost. All these key factors are anticipated to foster the industrial automation & control systemmarket growth. 

 

To browse report summary & detailed TOC, please click the link below: https://www.millioninsights.com/industry-reports/global-industrial-automation-control-systems-market

Further key findings from the report suggest:

• Growing trend of digitalization in industries and smart manufacturing are expected to drive the growth of industrial automation & controlling system.

• DCS systems are projected to witness significant growth on the account of increasing need for energy and power generation.

• Depending on component type, industrial robots segment is projected to grow at a CAGR of over 10.0% during the forecast period.

• The U.S. market is projected to hold the largest share in the market by 2025.

• In Asia Pacific, China is estimated to expand at the CAGR of 12.0% over the forecast period.

• In 2018, manufacturing industry vertical led the market with the highest share in the overall market.

Million Insights has segmented the global industrial automation & control systems market based on control system, component type, vertical and region:

Industrial Automation & Control Systems Outlook (Revenue, USD Billion, 2014 – 2025)

    • DCS

    • PLC

    • SCADA

    • Others 

Industrial Automation & Control Systems Component Type Outlook (Revenue, USD Billion, 2014 – 2025)

    • HMI

    • Industrial Robots

    • Control Valves

    • Sensors

    • Others 

Industrial Automation & Control Systems Vertical Outlook (Revenue, USD Billion, 2014 – 2025)

    • Aerospace & Defense

    • Automotive

    • Chemical

    • Energy & Utilities

    • Food & Beverage

    • Healthcare

    • Manufacturing

    • Mining & Metal

    • Oil & Gas

    • Transportation

    • Others 

Industrial Automation & Control Systems Regional Outlook (Revenue, USD Billion, 2014 – 2025)

    • North America

        • U.S.

       • Canada

    • Europe

       • U.K.

       • Germany

       • France

    • Asia Pacific

       • China

       • Japan

       • India

    • Latin America

       • Brazil

       • Mexico

    • Middle East & Africa

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• Cosmetic Dentistry Market: The global cosmetic dentistry market was prized by USD 6.9 billion in 2020. It is estimated to witness a 5.0% CAGR from 2021 to 2028.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-industrial-automation-control-systems-market


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