How big is the Factory Automation and Industrial Controls Market?

The Factory Automation and Industrial Controls Market size is expected to reach USD 199.69 billion in 2024 and grow at a CAGR of 8.80% to reach USD 304.43 billion by 2029. Read More

What is the current Factory Automation and Industrial Controls Market size?

In 2024, the Factory Automation and Industrial Controls Market size is expected to reach USD 199.69 billion. Read More

Who are the key players in Factory Automation and Industrial Controls Market?

Honeywell International Inc., ABB Limited, Rockwell Automation Inc., Schneider Electric SE and Emerson Electric Company are the major companies operating in the Factory Automation and Industrial Controls Market. Read More

Which is the fastest growing region in Factory Automation and Industrial Controls Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Factory Automation and Industrial Controls Market?

In 2024, the North America accounts for the largest market share in Factory Automation and Industrial Controls Market. Read More

What years does this Factory Automation and Industrial Controls Market cover, and what was the market size in 2023?

In 2023, the Factory Automation and Industrial Controls Market size was estimated at USD 183.54 billion. The report covers the Factory Automation and Industrial Controls Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Factory Automation and Industrial Controls Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the challenges faced by the Industrial Automation Market?

Key challenges faced by the Industrial Automation Market include a) High initial investment costs b) Cybersecurity risks associated with IoT and other technologies c) Need for skilled workforce Read More

Factory Automation and Industrial Controls Market Share

Statistics for the 2023 & 2024 Factory Automation and Industrial Controls market share, created by Mordor Intelligence™ Industry Reports. Factory Automation and Industrial Controls share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Factory Automation and Industrial Controls Industry

The Global Factory Automation and Industrial Controls Market is highly competitive and consists of several major players. The market appears to be moderately fragmented. The major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring start-ups working on factory automation and industrial control systems to strengthen their product capabilities.

July 2022 - Rockwell Automation, Inc., the world's largest company dedicated to industrial automation and digital transformation, announced the launch of the PowerFlex AC variable frequency drive portfolio in the Asia Pacific to support an array of motor control applications. This will provide customers more flexibility, performance, and intelligence in their next generation drive through TotalFORCE Technology.