Market Dynamics: Machine Automation Controller Market Targets $41.5 Billion Milestone
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With an estimated value of USD 33.7 billion in 2019 and a projected growth to USD 41.5 billion by 2024, the global Machine Automation Controller Market is booming. Over the forecast period from 2019 to 2024, the market is expected to develop at a strong 4.3% Compound Annual Growth Rate (CAGR). This increase is explained by the growing use of machine automation controllers in a variety of industries, including the chemical, automotive, food and beverage, energy and power, and oil and gas. To meet various industrial needs, the market offers a variety of controller types, such as Industrial PCs, Programmable Logic Controllers (PLC), and Distributed Control Systems (DCS). Furthermore, the growing popularity of machine automation controllers can be attributed to form factor developments like IP65 and IP20, which provide flexibility and adaptability in a variety of operating situations.The strong expansion demonstrates how automation is becoming more and more important in raising productivity and efficiency across industries.
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A number of important factors are driving the machine automation controller market's growth. An increased emphasis on cutting total operating expenses across all industries has led to businesses investing in automation technologies that increase productivity and streamline workflows. Furthermore, increasing efficiency is a priority in the process industry, where automation controllers are essential for optimising a range of production and operational procedures. The need for sophisticated machine automation controllers is also being fueled by the growing usage of robots in the manufacturing industry. These controllers are essential to the coordination and control of robotic systems. All of these elements work together to drive the growth and use of machine automation controllers in a variety of industrial settings.
DCS to lead the market by 2019
Due to its ability to provide centralised management over plant operations, distributed control systems, or DCS, are essential to industrial automation. Flexible reporting, control, and monitoring of specific production floor components are made possible by DCS. Large-scale manufacturing settings can manage complex processes more effectively thanks to this centralised approach. Because of its special qualities, DCS is the perfect choice for businesses looking for advanced automation solutions. It improves component coordination and control, which leads to increased productivity and more efficient operations in industrial settings.
Businesses can benefit greatly from the implementation of Distributed Control Systems (DCS) in the process industry. These benefits include less downtime and increased production efficiency through resource optimisation. The application of DCS enables the efficient and well-coordinated management of diverse operations in sectors including food, drink, and chemicals. During the projection period, the segment is likely to develop overall as the usage of DCS is expected to be vital in fulfilling production needs efficiently, given the ongoing growth in demand for these products.
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IP65 rated controller to hold the largest share of machine automation controller market
IP65 machine automation controllers are designed for harsh industrial settings where automated systems are frequently subjected to liquids, solids, and dust. These controllers are effectively protected against dust and low-pressure liquid jets coming from all directions, as indicated by their IP65 classification. Automation controllers, which include Industrial PCs (IPCs) and Distributed Control Systems (DCS), have an IP65 rating, especially parts that don't necessarily need further protection, like flat panel monitors. Automation controllers with this degree of environmental resilience may operate dependably and robustly in demanding industrial environments, which makes them appropriate for uses where resistance to liquid and dust intrusion is essential.
IP65 classification has become essential due to the need to protect external components from environmental influences. Automation controllers are exposed to hard industrial circumstances continuously. The IP65 classification makes sure that these controllers, especially flat panel monitor components, are sufficiently insulated from dust and low-pressure liquid jet infiltration from all directions. The requirement for an IP65 rating highlights the dedication to robustness, dependability, and peak efficiency in industrial automation applications where weather resistance is critical to long-term operation.
APAC to be largest market for machine automation controller during forecast period
With the most share in the machine automation controller market in 2019, APAC is set to lead the market and is predicted to do so through 2024. The region is well-known because of the substantial local demand it has for automated controllers, which has encouraged the creation of production units in a variety of industries. APAC has seen significant growth in a number of industries, including automotive, chemicals, food and beverage, semiconductors, and electronics, which has increased demand for sophisticated automation solutions. The region's industries are expected to grow and modernise, which will increase demand for machine automation controllers and solidify APAC's dominant position in the market.
Businesses are battling issues like rising labour prices, manufacturing processes that are changing quickly, and increased operating expenditures. Businesses are increasingly looking to automation technologies as a strategic solution to these problems. Reducing reliance on manual labour, improving operational efficiency, and navigating the challenges of contemporary production can all be accomplished using automation. Businesses seek to adopt automation in order to reduce costs, simplify operations, and maintain their competitiveness in ever-changing industrial environments.
Major players involved in the machine automation controller market 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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