Market Size of Italy Factory Automation and ICS Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.03 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Italy Factory Automation and Industrial Control Market Analysis
The Italy Factory Automation and Industrial Controls Market are expected to witness a CAGR of 6.7% over the forecast period (2021-2026). The COVID-19 outbreak has triggered the manufacturing sector in Italy to re-evaluate its conventional production processes, fundamentally driving the digital transformation and factory automation practices across the production lines. The manufacturers are also collectively driven to devise and deploy multiple new and agile approaches to monitor product and quality control.
- Italy has small and medium-sized businesses (SMEs), most of which are grouped in clusters. These enterprises specialize in high-quality products and lower labor costs, which enable them to withstand competition from upcoming economies. The northern part of the country is mainly industrialized with a network of private companies. Due to the presence of many SMEs, the country has been actively starting initiatives to encourage the adoption of automation solutions among these companies, which are anticipated to drive the demand for factory automation solutions in the country.
- The Northwest region (Milan-Turin-Genoa) is home to large industries as aerospace, naval, machinery, and automotive. The Central and Northeast parts of Italy (which were previously rural areas) have become a region with many small businesses of high craftsmanship, coupled with low technology, specialized in textiles, clothing, footwear, furniture, leather products, jewelry, and furniture, among others.
- Furthermore, the country has been witnessing new initiatives that are mainly focused on encouraging the adoption of Industry 4.0. For instance, New Industry 4.0 tax incentives in 2020. Starting from January 1, 2020, in Italy, the new tax credit for capital goods investments replaced the previous super-amortization and hyper-amortization. The recent amendment proposed by the Ministry of Economic Development introduces many innovations to support companies in their technological and digital transformation process.
- Moreover, recent controller vulnerabilities that attackers have exploited to disrupt operations are on the rise. This challenges the implementation of ICS, as to secure ICS networks, there is usage of different communication protocols. Also, operational technology vendors use their own proprietary implementation of the IEC-61131 standard for programmable logic controllers.
Italy Factory Automation and Industrial Control Industry Segmentation
The automation industry has been revolutionized by the combination of the digital and physical aspects of manufacturing aimed at delivering optimum performance. Further, the focus on achieving zero waste production and shorter time to market has augmented the growth of the market. The Italy Factory Automation and Industrial Control Market are Segmented by Product Type (Industrial Control Systems (Distributed Control System, Programmable Logic Controller, Supervisory Control and Data Acquisition, Product Lifecycle Management, Manufacturing Execution System, Human Machine Interface), Field Devices (Sensor, and Transmitter, Electric Motors, Safety Systems, Industrial Robotics)) and by End-User Industry ( Oil and Gas, Chemical and Petrochemical, Power and Utilities, Automotive and Transportation, Textiles).
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Oil and Gas | |
Chemical and Petrochemical | |
Power and Utilities | |
Automotive and Transportation | |
Textile | |
Other End-user Industries |
Italy Factory Automation and ICS Market Size Summary
The Italy factory automation and industrial control market is experiencing significant growth, driven by the need for digital transformation in the manufacturing sector. The COVID-19 pandemic has accelerated this shift, prompting manufacturers to adopt more agile and automated processes for product and quality control. The presence of small and medium-sized enterprises (SMEs) in Italy, particularly in the northern industrial regions, is a key factor in this growth. These SMEs are encouraged to adopt automation solutions, supported by government initiatives like Industria 4.0, which aims to modernize manufacturing through advanced technology and digitalization. The market is also seeing increased interest from international players looking to expand in Italy, particularly in sectors like textiles, where automation offers substantial efficiency gains.
The adoption of industrial robotics and smart production technologies is on the rise, enhancing operational efficiency and flexibility across various industries. Companies are increasingly investing in automation solutions to improve productivity and reduce operational costs. The market is moderately consolidated, with major players like Honeywell, Schneider Electric, Siemens, Mitsubishi Electric, and ABB leading the way through strategic partnerships and product innovations. These companies are focusing on developing advanced robotics and automation technologies to meet the growing demand for smart factories. Recent collaborations, such as those between Schneider Electric and Roca Group, and Rockwell and Cisco Cyber Vision, highlight the industry's commitment to enhancing operational security and sustainability.
Italy Factory Automation and ICS Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Intensity of Competitive Rivalry
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1.3.5 Threat of Substitutes
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1.4 Assessment of Impact of Covid-19 on the Industry
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1.5 Technology Snapshot
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Industrial Control Systems
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2.1.1.1 Distributed Control System (DCS)
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2.1.1.2 PLC (Programmable Logic Controller)
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2.1.1.3 Supervisory Control and Data Acquisition (SCADA)
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2.1.1.4 Product Lifecycle Management (PLM)
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2.1.1.5 Human Machine Interface (HMI)
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2.1.1.6 Manufacturing Execution System (MES)
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2.1.2 Field Devices
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2.1.2.1 Sensors and Transmitters
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2.1.2.2 Electric Motors
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2.1.2.3 Safety Systems
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2.1.2.4 Industrial Robotics
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2.2 By End-user Industry
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2.2.1 Oil and Gas
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2.2.2 Chemical and Petrochemical
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2.2.3 Power and Utilities
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2.2.4 Automotive and Transportation
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2.2.5 Textile
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2.2.6 Other End-user Industries
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Italy Factory Automation and ICS Market Size FAQs
What is the current Italy Factory Automation and ICS Market size?
The Italy Factory Automation and ICS Market is projected to register a CAGR of 7.03% during the forecast period (2024-2029)
Who are the key players in Italy Factory Automation and ICS Market?
Honeywell International Inc., Schneider Electric SE, Siemens AG, Mitsubishi Electric Corporation and ABB Ltd. are the major companies operating in the Italy Factory Automation and ICS Market.