The industrial automation market in the Europe, Middle East and Africa was valued at USD 35.3 billion in 2020 and is projected to reach USD 51.4 billion by 2026; it is expected to register a CAGR of 7.1% from 2021 to 2026. The growth of the market is attributed to the growing demand for real-time data analysis across geographies and increasing adoption of latest technology across the end-use industries to improve performance. The major driving factor for the industrial automation market is the increasing demand for real-time data analysis and proactive maintenance, which would enable manufacturers to obtain better visibility of the manufacturing plant and, therefore, enhance efficiency. Also, increase in emphasis on predictive maintenance and asset management solutions, which would provide better visibility to users regarding condition of equipment, is fueling their demand.
Key Market Players operating in the Industrial Automation Market in Europe, Middle East & Africa include ABB (Switzerland), Emerson Electric Co. (US), FANUC (Japan), General Electric (US), Honeywell International (US), Mitsubishi Electric (Japan), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany), and Yokogawa Electric (Japan) are a few major players in Industrial Automation Market in Europe, Middle East & Africa. Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as partnerhsip and expansions, to increase their revenue.
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Top 5 Players in Industrial Automation Market in Europe, Middle East & Africa:
ABB is one of the leading technology companies that provides a wide range of products such as control room solutions, metallurgy products, electric vehicle charging infrastructure, motors and generators, measurement and analytics, mechanical power transmission, and others. The company operates through business divisions, namely, Electrification, Process Automation (previously Industrial Automation), Motion, and Robotics & Discrete. ABB Ability platform is the company’s unified, cross-industry digital portfolio, extending from device to edge to cloud on an open architecture system. The company provides engineering and consulting services, maintenance, replacement, installation and commissioning, advanced services, end-of-life services, technical support and repairs, extension, upgrade, and retrofit services, among others. ABB serves industries such as automotive, mining, oil & gas, metals, marine, power generation, pulp & paper, chemicals, cement, aluminum, building & infrastructure, ports, mining, and printing. ABB has a broad geographic presence in more than 100 countries in Asia, the Middle East, and Africa, the Americas, and Europe.
Schneider Electric is a European multinational corporation that specializes in energy management and automation solutions. The company caters to the residential and commercial buildings and industry segments. Schneider Electric operates through the Energy Management (medium voltage, low voltage, and secure power) and Industrial Automation segments and operates in 4 principal markets: non-residential and residential buildings, utilities and infrastructure, industry and machine manufacturers, and data centers and networks. Schneider provides an OASyS dynamic network of applications (DNA) based on real-time SCADA solutions. OASyS DNA offers real-time data related to field activities through enterprise networks. The company serves automotive, oil & gas, food & beverages, mining & minerals, and network & data centers industries. The company has many subsidiaries across the world; the major ones include Schneider (US), Scimedmedizentechnik (Germany), Schneider (Europe) GmbH (Switzerland), Schneider Belgium NV (Belgium), and Schneider Electric (India).
Siemens is a leading conglomerate pioneer in electrical engineering. The company is well known for establishing major electrical infrastructure, trains & railways electrification, industrial automation, motors & drives, and healthcare diagnostics machines. Siemens operates through 4 reportable segments, namely, Digital Industries, Smart Infrastructure, Mobility, and Siemens Healthineers. Siemens provides a complete range of automation products & components—from field devices such as industrial control equipment, sensors and process analysis equipment, to plant-level software like plant operations management and plant performance analytics software solutions. The company has a wide geographic presence, mainly across regions such as the Americas, Europe, Asia, Australia, C.I.S., Africa, and the Middle East. It is listed on the Frankfurt Stock Exchange as FWB: SIE.
Emerson Electric Co.
Emerson Electric Co. is a manufacturer of electric motors and fans. The company was founded as The Emerson Electric Manufacturing Company in St. Louis, Missouri, US. Emerson is primarily engaged in the manufacturing and development of process control systems, valves, and analytical instruments. It delivers products and services to industrial, commercial, and consumer markets. The company operates through 2 business segments, namely, Automation Solutions and Commercial & Residential Solutions. The company offers Plantweb digital ecosystem which enables measurable performance improvement in the areas of production, reliability, safety, and energy management by empowering personnel with new insights and actionable information. The company is listed on the New York Stock Exchange as NYSE: EMR. The company has geographic presence in the US, Canada, Asia, Europe, the Middle East/Africa, and Latin America.
Honeywell International, Inc.
Honeywell International Inc. offers manufacturing products, solutions, and services. It operates through 4 segments: Aerospace, Honeywell Building Technologies, Performance Materials & Technologies, and Safety & Productivity Solutions. Honeywell offers industrial automation and control solutions through its Honeywell Process Solutions (HPS) business unit. This unit provides services for oil & gas, refining, power generation, chemicals, pulp & paper, metals, minerals, and mining industries. Honeywell UOP, a Honeywell company, formerly known as UOP LLC or Universal Oil Products, provides software services and technologies to the refining, petrochemicals, and oil & gas industries. Honeywell UOP and HPS together provide fully integrated solutions to customers to improve the safety of manufacturing plants. Honeywell have global presence in North America, Europe, Middle East, Asia Pacific, Africa and South America.
Industrial Automation Market - Europe and Middle East & Africa with COVID-19 Impact by Component (Industrial Sensors, Industrial 3D Printing, Industrial Robots), Solution (SCADA, DCS), Industry and Region - Forecast to 2026
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