Industrial automation is the use of information technology and control systems (computers and set of devices) by replacing the human operator with these systems in order to control and regulate various industrial processes. In t ....see more
The hydraulics market is expected to grow from USD 41.2 billion in 2022 to USD 49.7 billion by 2027, at a CAGR of 3.8% during the forecast period. Major companies operating in the hydraulics market include Bosch Rexroth (Germany), Danfoss (Denmark), Parker-Hannifin Corporation (US), Enerpac Tool Group (US), HYDAC (Germany), Kawasaki Heavy Industries (Japan), KYB Corporation (Japan), SMC Corporation (Japan), Wipro Enterprises (India), and Caterpillar (US).
The motion control marketis expected to grow from USD 15.5 billion in 2022 to USD 20.0 billion by 2027, at a CAGR of 5.2% during the forecast period. ABB Ltd. (Switzerland), FANUC Corporation (Japan), Parker Hannifin Corporation (US), Rockwell Automation, Inc. (US), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Altra Industrial Motion Corp. (US) and Novanta Inc. (US) are few major players in the motion control market.
The Pressure Transmitter Market is expected to grow from USD 2.9 billion in 2022 to USD 3.5 billion by 2027, at a CAGR of 3.6% during the forecast period. Major companies operating in the pressure transmitter market include Emerson (US), ABB (Sweden), Schneider Electric (France), Yokogawa (Japan), Endress+Hauser (Switzerland), Honeywell (US), Siemens (Germany), Fuji Electric (Japan), Danfoss (Denmark), and Hitachi (Japan).
The functional safety market size is predicted to reach USD 7.2 billion by 2027, at a CAGR of 6.8% during the forecast period. The Major Player includes Schneider Electric (France), ABB Ltd. (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), and Rockwell Automation Inc. (US)
The global machine condition monitoring market size is projected to reach USD 4.0 billion by 2027, at a CAGR of 7.8% during the forecast period. Emerson Electric(US) , General Electric(US) , Honeywell International(US), National Instruments(US) and SKF(Sweden) are some of the key players operating in machine condition monitoring market globally.
The global operational technology market is projected to reach USD 216.3 billion by 2027; it is expected to grow at a CAGR of 6.5% during the forecast period. Major companies offering operational technology technologies include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Emerson Electric Co. (US), IBM (US), and General Electric (US).
The automated material handling equipment market size is projected to reach USD 45.1 billion in 2027, it is expected to grow at a CAGR of 9.4% during the forecast period. The key players operating in the automated material handling equipment market include Daifuku (Japan), KION (Germany), SSI Schaefer (Germany), Toyota Industries (Japan), and Honeywell International (US) among others.
The industrial safety market is projected to reach USD 8.8 billion by 2027, it is expected to grow at a CAGR of 6.8% during the forecast period. Major players in the industrial safety market are Schneider Electric SE (France), Honeywell International Inc. (US), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US), Siemens AG (Germany), Emerson Electric Co. (US), Baker Hughes (US), HIMA (Germany), Yokogawa Electric Corp. (Japan), and Omron Corporation (Japan).
The global hydraulic cylinder market size is projected to reach USD 18.3 billion by 2027, it is expected to register a CAGR of 4.4% during the forecast period. Parker-Hannifin Corporation (US), Caterpillar (US), KYB Corporation (Japan), Bosch Rexroth (Germany), Eaton (Ireland), Enerpac Tool Group (US), SMC Corporation (Japan), HYDAC (Germany), Wipro Enterprises (India), and The Jiangsu Hengli Hydraulic Co., Ltd. (China) are a few major players in global Hydraulic Cylinder Market.
The global compressed air filter and dryer market size is expected to reach USD 7.3 billion by 2027, at a CAGR of 6.2% during the forecast period. Atlas Copco (Sweden), Ingersoll Rand (US), Parker-Hannifin (US), Pentair (UK), and Donaldson Company (US) are the top five players in the compressed air filter and dryer market.
Emission Monitoring System (EMS) Market is expected to grow from USD 3.0 billion in 2022 to USD 4.5 billion by 2027, at a compound annual growth rate (CAGR) of 8.8% during the forecast period.The key players ABB Ltd. (Switzerland), AMETEK, Inc. (US), Emerson Electric Company (US), Baker Hughes (US), Siemens AG (Germany), Parker-Hannifin (US), Rockwell Automation (US), SICK (Germany), Teledyne Technologies, Inc. (US), and Thermo Fisher Scientific Inc. (US).
The machine control system market is expected to grow from USD 4.5 billion in 2022 to USD 6.5 billion by 2027, at a CAGR of 7.7% during the forecast period. The key players operating in the machine control system market include Topcon (Japan), Trimble (US), Hexagon (Switzerland), MOBA Mobile Automation (Germany), Hemisphere GNSS (US), and Eos Positioning Systems (US), among others.
The global High Integrity Pressure Protection System market size is projected to reach USD 670 billion by 2027. It is expected to grow at a CAGR of 6.7% during the forecast period. A few of the key players in the HIPPS market are Emerson Electric Co. (US), Yokogawa Electric Corp. (Japan), HIMA (Germany), Rockwell Automation Inc. (US), Schneider Electric (France), Honeywell International (US), ABB (Switzerland), Siemens (Germany), Schlumberger (US), and Baker Hughes (US) are among the major players in the HIPPS market.
The global process automation and instrumentation market size is expected to reach USD 86.6 billion by 2027, at a CAGR of 5.5% during the forecast period. Major companies operating in this process automation and instrumentation market include ABB Ltd. (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), and Schneider Electric (France).
The Global Smart Manufacturing Market is expected to grow from USD 88.7 billion in 2021 to USD 228.2 billion by 2027, at a compound annual growth rate (CAGR) of 18.5% during the forecast period.The Top Players ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Emerson Electric Co. (US), IBM (US), and General Electric (US)
The global industrial valves market size is expected to reach USD 90.5 billion by 2026. It is expected to grow at a CAGR of 4.4% during the forecast period. A few of the key players in the industrial valves market are Emerson Electric Co. (US), Schlumberger (US), Flowserve Corporation (US), IMI plc (US), Neles Corporation (Finland), Spirax Sarco Limited (UK), Crane Co. (US), KITZ Corporation (Japan), Trillium Flow Technologies (US), Bray international (US) , and CIRCOR International, Inc. (US) .
The global power tools market is expected to grow from USD 38.8 billion in 2021 to USD 57.4 billion by 2026, at a compound annual growth rate (CAGR) of 8.2% during the forecast period.The Major Players Stanley Black & Decker, Inc(US) Robert bosch GmbH (Germany), Makita Corporation (Japan), Techtronic Industries Co., Ltd (Hong Kong), and Hilti Corporation (Liechtenstein).
The global ASRS market size is projected to reach USD 11.0 billion by 2026 at a CAGR of 7.2% during the forecast period. Unit load ASRS accounted for the largest share of the ASRS market in 2020. Unit load ASRSs are used for storing large size articles and also provide real-time information on inventory making them more preferable type in several industries compared to other types of ASRS. Moreover, unit load ASRS is a high-density heavy payload ASRS that enables accurate, efficient, safe, and stable handling of full pallets. The market growth is also supported by their wide range of applications in consumer goods, automotive, electronics, food & beverages, pharmaceuticals & medical supplies, and retail & apparel industries. Automotive industry to account for the largest size of ASRS market in 2021. The shift in demand toward electric vehicles and autonomous vehicles has prompted automakers to ramp up automotive manufacturing, which requires automotive spare parts. Automotive suppliers must effectively manage large amounts of goods and variation and breadth of stock. Also, these suppliers need to improve the storage capacity within the available floor space. Thus, automated storage and retrieval systems are increasingly being used to fulfill the requirements related to material handling capacity. APAC is expected to grow at the highest CAGR from 2021–2026. The ASRS market for APAC is expected to grow at the highest CAGR during the forecast period. The rapid growth of automotive, food & beverages, and healthcare industries in emerging economies such as China, Japan, Australia, and South Korea has contributed to the growth of the ASRS market in APAC. Moreover, governments in APAC countries are increasingly emphasizing on safety and security on production floors, which can be best achieved by the implementation of ASRSs. The ASRS market is witnessing rapid growth in countries such as China and Japan owing to increasing investments by manufacturers and suppliers in the installation of these systems at warehouses and distribution centers. Daifuku (Japan), Kardex (Switzerland), Murata Machinery (Japan), SSI Schaefer (Germany), TGW Logistics (Austria), KION (Germany), KUKA (Germany) are some of the major players in ASRS market
The HVAC system market size is expected to reach USD 271.5 billion by 2026; it is expected to grow at a CAGR of 6.6% during the forecast period. DAIKIN INDUSTRIES (Japan), Johnson Controls (US), Carrier (US), Trane Technologies plc, (US), LG Electronics (South Korea), Emerson Electric Co. (US), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan), Nortek Air Management (US), Samsung Electronics (South Korea), Danfoss (Denmark), FUJITSU (Japan), GREE (China), Hitachi (Japan), Midea (China), Panasonic (Japan), Haier Smart Home (China), Toshiba (Japan), Whirlpool (US), Siemens (Germany), Electrolux (Sweden), Lennox (US), Schneider Electric (France), Ferroli (Italy), and Bosch Thermotechnology (Germany) are among the many players in the HVAC system market.
The industrial automation market is expected to grow from USD 35.3 billion in 2020 to USD 51.4 billion by 2026, at a CAGR of 7.1% during the forecast period. 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.
The global warehouse management system market size is expected to reach USD 6.1 billion by 2026, at a CAGR of 16.7% during the forecast period. Major companies operating in this warehouse management system market include Manhattan Associates, Inc. (US), Blue Yonder Group, Inc. (US), HighJump (Körber) (US), Oracle Corporation (US), IBM (US), and SAP (Germany).
The cold chain monitoring market is expected to grow from USD 4.7 billion in 2021 to USD 10.2 billion by 2026, at a CAGR of 16.6% during the forecast period. A few key cold chain monitoring market players are ORBCOMM (US), Sensitech (US), Berlinger & Co. (Switzerland), Elpro-Buchs (Switzerland), and Monnit (US).
The global industrial PC market size is expected to reach USD 6.1 billion by 2026, at a CAGR of 5.8% during the forecast period. Major players involved in the global industrial PC market include Advantech (Taiwan), Beckhoff Automation (Germany), Siemens (Germany), IEI Integration Corporation (Taiwan), Kontron S&T (Germany), Nexcom International (Taiwan), B&R Automation (Austria), Avalue Technology (Taiwan), DFI (Taiwan), and American Portwell Technology (US).
The AGV market is projected to reach USD 3.2 billion by 2026, it is expected to grow at a CAGR of 7.7% during the forecast period. Daifuku (Japan), JBT (US), KION (Germany), Toyota Industries (Japan), KUKA (Germany), Hyster-Yale (US), SSI Schaefer (Germany), E&K Automation (Germany), and Oceaneering (US) are some of the major players in the AGV market.
The global vacuum valve market is projected to reach USD 1.8 billion by 2026, at a CAGR of 8.5% during the forecast period. VAT Group AG (Switzerland), MKS Instruments (US), CKD Corporation (Japan), V-TEX Corporation (Japan), ULVAC, Inc. (Japan), SMC Corporation (Japan), HVA LLC (US), Kitz SCT Corporation (Japan), Pfeiffer Vacuum (Germany), and Agilent Technologies (US); are some of the key players in the vacuum valve market.
The global oil condition monitoring market is expected to reach USD 1.4 billion by 2026; it is expected to grow at a CAGR of 6.1% during the forecast period. Key players in the market include Parker-Hannifin Corporation (US), General Electric (US), Shell plc (Netherlands), BP plc (UK), Bureau Veritas (France), Chevron Corporation (Switzerland), Intertek Group plc (UK), SGS SA (France), Eaton Corporation (Ireland), and TotalEnergies (France). These players are increasingly undertaking product launches and developments, acquisitions, partnerships, collaborations, contracts, and agreements, to increase their market shares.
The sanitary pumps market size is projected to reach USD 2.4 billion by 2026; it is expected to register a CAGR of 4.3% during the forecast period. ALFA LAVAL (Sweden), Fristam Pumpen KG (Germany), PSG (US), SPX Flow, Inc (US), GEA Group Aktiengesellschaft (Germany), ITT INC. (US), Xylem (US), Ampco Pumps Company (US), Viking Pumps (US), and Verder.com (Netherlands) are a few major players in Sanitary Pumps and Valves market.
The global hygienic pumps and valves market is expected to grow from USD 2.2 billion in 2021 to USD 2.8 billion by 2026, at a compound annual growth rate (CAGR) of 4.5%. during the forecast period.The major companies operating in this hygienic pumps and valves market include ALFA LAVAL (Sweden), SPX FLOW, Inc. (US), and GEA Group Aktiengesellschaft (Germany).
The automated optical inspection market is projected to reach USD 1,660 million by 2026. It is expected to grow at a CAGR of 20.8% during the forecast period. A few of the key players in the automated optical inspection market are Koh Young (South Korea), Test Research, Inc. (TRI) (Taiwan), Omron (Japan), Camtek (Israel), Viscom (Germany), Saki Corporation (Japan), Nordson (US), KLA (US), Cyberoptics (US), and Goepel Electronics (Germany).
The machine vision market is expected to reach USD 15.5 billion by 2026, at a CAGR of 7.0% during the forecast period. The AI in the computer vision market was dominated by Cognex Corporation (US), Keyence (Japan), Teledyne DALSA (US), TKH Group (Germany), and Basler (Germany).
The fire protection system market is expected to grow from USD 60.6 billion in 2020 to USD 84.6 billion by 2026, at a compound annual growth rate (CAGR) of 6.4% during the forecast period. The key players operating in the LTE and Fire Protection System Market are Johnson Controls (Ireland), Carrier Global Corporation (US), Honeywell International (US), Siemens (Germany), Halma (UK), Robert Bosch (Germany), Hochiki (Japan), Gentex (US), Minimax Viking (Germany), and Securiton (Switzerland).
The global EMI shielding market size is projected to reach USD 7.7 billion by 2026; it is expected to grow at a CAGR of 4.4% during the forecasting period. PPG Industries (US), Parker-Hannifin (US), 3M (US), Henkel (Germany), Laird Performance Materials (UK), RTP Company (US), Schaffner (Switzerland), Tech-Etch (US), and Leader Tech (US) are some of the major players in EMI shielding market
The global pressure washer market size is expected to reach USD 3.0 billion by 2026, at a CAGR of 4.2% during the forecasting period. Alfred Kärcher SE & Co. KG (Germany), Briggs & Stratton (US), Generac Power Systems, Inc. (US), Nilfisk Group (Denmark) and Stanley Black & Dercker, Inc. (US) are a few major players in pressure washer market.
The coordinate measuring machine (CMM) market size is projected to reach USD 4.3 billion by 2026, at a CAGR of 8.8% during the forecast period. The key players in the operating in the Coordinate Measuring Machine (CMM) Market are Major players involved in the CMM market include Zeiss Group (Germany), FARO Technologies (US), Hexagon (Sweden), Nikon Corporation (Japan), Mitutoyo (Japan), Tokyo Seimitsu (Japan), Keyence Corporation (Japan), Creaform (Canada), Perceptron (US), and Wenzel Group (Germany).
The vibration monitoring market size is projected to reach USD 1.9 billion by 2026. It is expected to grow at a CAGR of 6.8% during the forecast period. A few of the key players in the vibration monitoring market are General Electric (US), Honeywell International (US), Emerson Electric (US), SKF (Sweden), Schaeffler (Germany), Parker Haniffin (US), Rockwell Automation (US), Meggit (UK), Analog Devices (US), and National Instruments (US).
The hand tools and woodworking tools market size is expected to reach USD 10.3 billion by 2026, at a CAGR of 4.0% during the forecast period. Stanley Black & Decker (US), Apex Tool Group(US), Snap-On Incorporated(US), Techtronic Industries Co. Ltd (China), Klein Tools (US), Husqvarna (Sweden), Akar Auto Industries Ltd. (India), and Hangzhou Great Star Industrial Co. Ltd. (China) are a few major players operating in hand tools and woodworking tools market.
The industrial control & factory automation market size is projected to reach USD 197.8 billion by 2026, at a CAGR of 8.2% during the forecast period. Major players involved in the industrial control & factory automation market include ABB Ltd. (Switzerland), Mitsubishi Electric Corp. (Japan), Endress+Hauser AG (Switzerland), Emerson Electric Co. (US), General Electric (US), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Honeywell International Inc. (US), and Yokogawa Electric Corp. (Japan).
The waterjet cutting machine market is projected to reach USD 1.5 billion by 2026; it is expected to grow at a CAGR of 6.2% during the forecast period. The waterjet cutting machine players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, and acquisitions to strengthen their offerings in the market. The major players in the waterjet cutting machine market are Omax (US), Flow (US), Koike Aronson (US), Wardjet (US), Dardi (China), Lincoln Electric (US), Techni Waterjet (Australia), KMT (US), Colfax (US), Waterjet Sweden (Sweden), Innovative (India), Hornet Cutting System (US), Jekran (Malta), STM waterjet (Austria), International Waterjet Machines (US), Waterjet Corporation (Italy), Swaterjet (China), Foshan Yongshengda Machinery (China), Resato (Netherlands), Accurl (US), LDSA (France), Kimtech (Sweden), Jet Edge (US), Microstep (Slovakia).
The industry 4.0 market is projected to reach USD 165.5 billion by 2026; it is expected to grow at a CAGR of 20.6% during the forecast period. The key players operating in the industry 4.0 market include General Electric (US), Siemens (Germany), Honeywell International (US), ABB (Switzerland), and Emerson Electric (US).
The AI in Computer Vision Market is expected to grow from USD 15.9 billion in 2021 to USD 51.3 billion by 2026, at a CAGR of 26.3% during the forecast period. In 2020, the AI in computer vision market was dominated by NVIDIA (US), Intel Corp. (US), Microsoft Corp. (US), IBM Corp. (US) and Qualcomm (US).
The manufacturing execution system market is expected to grow from USD 11.5 billion in 2021 to USD 17.1 billion by 2026, at a compound annual growth rate (CAGR) of 8.3% during the forecast period. The key players operating in the Manufacturing Execution System Market are ABB Ltd. (Switzerland), AVEVA plc (UK), Dassault Systèmes (France), Honeywell International, Inc. (US), Rockwell Automation, Inc. (US), Siemens AG (Germany), SAP SE (Germany), General Electric Company (US), Oracle Corporation (US), Emerson Electric Co. (US), and Werum IT Solutions GmbH (Germany)
The Crane and Hoist Market is expected to grow from USD 26.0 billion in 2021 to USD 33.0 billion by 2026, at a CAGR of 4.8% during the forecast period. Major players involved in the crane and hoist market include Konecranes (Finland), Liebherr (Germany), Tadano (Japan), Terex (US), Zoomlion (China), Ingersoll Rand (US), Palfinger (Austria), Columbus McKinnon (US), Kito (Japan), Kobelco (Japan), Sumitomo Heavy Industries (Japan), ABUS Kransysteme (Germany).
The System Integrator Market is expected to grow from USD 23.6 billion in 2021 to USD 31.5 billion by 2026, at a CAGR of 6.0% during the forecast period. The key players operating in the system integrator market for industrial automation include John Wood Group PLC (UK), ATS Automation (Canada), Avanceon Limited (US), JR Automation (US), Tesco Controls, Inc. (US), Burrow Global LLC (US), Prime Controls LP (US), MAVERICK Technologies LLC (US), Barry-Wehmiller Design Group (US), and INTECH Process Automation (US).
The Smart Factory Market is expected to grow from USD 80.1 billion in 2021 to USD 134.9 billion by 2026, at a CAGR of 11.0% during the forecast period. Major players involved in the smart factory market include Emerson Electric Co. (US), General Electric (US), Rockwell Automation, Inc. (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), Honeywell International Inc. (US), Endress+Hauser AG (Switzerland), and Yokogawa Electric Corp. (Japan).
The global smart manufacturing platform market is expected to grow from USD 5.8 billion in 2021 to USD 13.2 billion by 2026, at a compound annual growth rate (CAGR) of 18.0% during the forecast period. The key players operating in the Smart Manufacturing Platform Market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), IBM (US), PTC Inc. (US), SAP SE (Germany), Emerson Electric Co. (US), and GENERAL ELECTRIC (US).
The CNC Controller Market is expected to grow from USD 2.8 billion in 2021 to USD 3.4 billion by 2026, at a CAGR of 3.6% during the forecast period. FANUC(Japan), Siemens(Germany), Mitsubishi Electric(Japan), DMG MORI(Germany), and Haas Automation(US)., Hurco Companies(US), Okuma(Japan), and Yamazaki Mazak(UK), among others, are some of the key players in the market.
The Smart Thermostat Market is expected to grow from USD 2.5 billion in 2021 to USD 6.4 billion by 2026, at a CAGR of 20.8% during the forecast period. Major players involved in the smart thermostat market include Alphabet (Google Nest) (US), Emerson Electric (US), Honeywell International (US), Lennox International (US), ecobee (Canada), Carrier Corporation (US), Johnson Controls (Lux Products) (Ireland), Legrand (Netatmo) (France), Resideo Technologies (US), Siemens (Germany), Trane Technologies (Ireland), Control4 Corporation (US), Nortek Control (US), tado (Germany).
The 3D Scanner Market is expected to grow from USD 924 million in 2021 to USD 1324 million by 2026, at a CAGR of 7.5% during the forecast period. Hexagon (Sweden), FARO Technologies (US), KEYENCE Corp. (Japan), Jenoptik (Germany), Nikon Corp. (Japan), ZEISS Group (Germany), Perceptron (US), Renishaw (UK), Creaform (Canada), CyberOptics Corp. (US), Trimble, Inc. (US), 3D Systems, Inc. (US), Automated Precision, Inc. (US) and Metrologic Group (France) are few major players in 3D scanner market.
The Cleaning Robot Market is expected to grow from USD 8.9 billion in 2021 to USD 24.8 billion by 2026, at a CAGR of 22.8% during the forecast period. iRobot (US), Ecovacs Robotics (China), Samsung Electronics (South Korea), LG Electronics (South Korea), Xiaomi (China), Roborock (China), SharkNinja (US), Neato Robotics (US), Cecotec Innovaciones (Spain), and Panasonic (Japan) are a few key companies operating in the cleaning robot market.
The Substation Automation Market is expected to grow from USD 39.9 billion in 2021 to USD 54.2 billion by 2026, at a CAGR of 6.3% during the forecast period. The report profiles key players, including Hitachi ABB Power Grids (Switzerland), Siemens Energy (Germany), General Electric (US), Cisco (US), Schneider Electric (France), Eaton Corporation (Ireland), Honeywell (US), Schweitzer Engineering Laboratories (US), NovaTech Automation (US), and CG Power and Industrial Solutions (India). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, partnerships, contracts, and mergers and acquisitions to strengthen their position in the market.