Market Share of Industrial Automation Industry
The industrial automation market is highly fragmented due to the presence of small and medium-sized enterprises and global players. Some of the major players in the market are Schneider Electric SE, Rockwell Automation Inc., Honeywell International Inc., Emerson Electric Co., and ABB Limited. Key players in the market are adopting strategies such as acquisitions and partnerships to enhance their product offerings and gain sustainable competitive advantage.
- June 2024 - Rockwell Automation announced a partnership with NVIDIA to expedite the development of safer and smarter industrial AI mobile robots. The collaboration is anticipated to drive the use of AI in autonomous mobile robots (AMRs), improving their performance and efficiency.
- February 2024 - Schneider Electric, in partnership with tech giants Intel and Red Hat, unveiled a new software framework, the Distributed Control Node (DCN). Building upon Schneider Electric's EcoStruxure Automation Expert, this innovative framework empowers industrial firms to transition to a software-defined, plug-and-play model. This shift boosts operational efficiency and quality and streamlines processes, ultimately leading to cost savings.
Industrial Automation Market Leaders
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Schneider Electric SE
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Rockwell Automation Inc.
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Honeywell International Inc.
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Emerson Electric Co.
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ABB Limited
*Disclaimer: Major Players sorted in no particular order
