Machine Automation Controller Market Set for Significant Growth by 2024

At a 4.3% compound annual growth rate, the Machine Automation Controller Market is projected to reach USD 41.5 billion by 2024 from USD 33.7 billion in 2019.

Pune, 02/08/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The Machine Automation Controller Market, valued at USD 33.7 billion in 2019, is projected to reach USD 41.5 billion by 2024, growing at a CAGR of 4.3% during the forecast period. This steady growth reflects the increasing adoption of automation solutions across various industries to enhance operational efficiency, reduce human error, and improve productivity.

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Machine automation controllers, essential for managing and controlling automated systems, are seeing heightened demand driven by advancements in technology and the industrial sector's shift towards smart manufacturing. Industries such as automotive, pharmaceuticals, food and beverage, and electronics are particularly contributing to this demand as they seek to streamline processes and maintain competitiveness. The market's growth is further fueled by the rising trend of Industry 4.0, which emphasizes the integration of cyber-physical systems and IoT, highlighting the crucial role of machine automation controllers in the future of industrial automation.

The Machine Automation Controller Market is experiencing significant growth driven by several key factors. One of the primary drivers is the rising focus on reducing overall operational costs. Industries are increasingly adopting automation controllers to streamline processes, minimize downtime, and reduce labor costs, leading to substantial cost savings. Additionally, the increasing need to drive productivity in the process industry is propelling the demand for advanced automation solutions. Machine automation controllers enhance precision, efficiency, and reliability in various processes, thereby boosting overall productivity. Furthermore, the growing use of robots in the manufacturing sector is a crucial factor fueling market growth. As manufacturers strive to meet high production standards and maintain a competitive edge, the integration of robots controlled by automation systems becomes essential. This trend not only improves the consistency and quality of manufacturing processes but also enhances flexibility and scalability. Consequently, the Machine Automation Controller Market is poised for robust growth as industries continue to prioritize cost reduction, productivity enhancement, and advanced automation technologies.

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DCS to lead the market by 2019

Distributed Control Systems (DCS) provide centralized control over plant operations, enabling flexible monitoring, control, and reporting of individual components on the production floor. This centralized approach allows for efficient management of complex automation processes, making DCS an ideal solution for companies with large-scale production setups. By installing DCS in the process industry, companies can significantly reduce downtime and enhance production efficiency by utilizing resources optimally. Additionally, the growing demand for products such as foods, beverages, and chemicals is expected to further drive the growth of the DCS segment over the forecast period. The ability of DCS to seamlessly integrate various processes and improve overall operational efficiency positions it as a critical component in the evolution of modern industrial automation, catering to the increasing needs of high-demand industries.

IP65 rated controller to hold the largest share of Machine Automation Controller Market

Machine automation controllers with an IP65 rating are essential in demanding industrial environments where automated systems frequently encounter dust, liquids, and solid objects. The IP65 rating ensures that these controllers are protected against dust ingress and low-pressure water jets from all directions, making them robust and reliable for harsh conditions. Automation controllers like Distributed Control Systems (DCS) and Industrial PCs (IPC) often feature IP65-rated components, including flat panel monitors that lack additional protective enclosures. The requirement to safeguard these external components drives the necessity for IP65-rated automation controllers, ensuring consistent performance and durability. This protection is critical for maintaining operational efficiency and minimizing downtime in industries where environmental factors pose significant challenges to equipment integrity. As industrial environments continue to demand higher resilience from automated systems, the adoption of IP65-rated machine automation controllers is set to grow, reinforcing their importance in ensuring reliable and uninterrupted operations.

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APAC to be largest market for Machine Automation Controller during forecast period

Asia-Pacific (APAC) is projected to dominate the Machine Automation Controller Industry in 2019, a trend expected to persist through 2024. The substantial domestic demand for automated controllers has spurred the establishment of manufacturing units across diverse industries, including automotive, chemicals, food & beverages, and semiconductor & electronics. This regional growth is further propelled by increasing labor costs, evolving manufacturing processes, and rising operational expenses, prompting companies to adopt automation technologies. By integrating machine automation controllers, businesses in APAC can effectively address these challenges, enhancing productivity and maintaining competitiveness. The ongoing investment in automation underscores APAC's strategic importance in the global industrial landscape, driving sustained market expansion and technological advancement.

Key Players

Major players involved in the Machine Automation Controller Companies include ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Yokogawa (Japan), Advantech (Taiwan), Delta Electronics (Taiwan), Honeywell (US), Mitsubishi Electric (Japan), Omron (Japan), Rockwell Automation (US), Robert Bosch (Germany), Beckhoff Automation (Germany), Kollmorgen (US), and Kontron (Germany).

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