New Research Predicts Machine Automation Controller Market to Surpass $41.5 Billion by 2024


Posted July 3, 2023 by avinashgogawale14

At a CAGR of 4.3%, the Machine Automation Controller Market is anticipated to increase from USD 33.7 billion in 2019 to USD 41.5 billion by 2024.
 
The Machine Automation Controller Market has a value of USD 33.7 billion in 2019 and is anticipated to increase at a compound annual growth rate (CAGR) of 4.3% from 2019 to 2024, reaching USD 41.5 billion.

The market is expected to increase as a result of a number of factors, including rising industrial automation, the demand for effective control systems, and technological advancements. The control and monitoring of automated processes by machine automation controllers is essential for increasing productivity and efficiency. The market for machine automation controllers is anticipated to expand steadily in the next years due to the increased need for automation across industries, including manufacturing, automotive, and energy.

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Key Players

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).

Several important aspects are responsible for the Machine Automation Controller Market expansion. First off, industries are placing more attention on lowering total operating costs, which has prompted a rise in the use of automation technology like machine automation controllers. In the process industry, where effective control systems are essential for optimising operations, there is also a growing need to increase productivity. Finally, the usage of robots and other automated systems is significantly increasing in the manufacturing industry, necessitating sophisticated machine automation controllers for control and integration. All of these elements work together to fuel the Machine Automation Controller Market expansion as industries seek to increase productivity and efficiency in their daily operations.

DCS to lead the market by 2019

By 2019, DCS (Distributed Control System) is expected to rule the market. Centralised plant operations are controlled by DCS, allowing for flexible monitoring, control, and reporting of specific production floor components. It works well for large-scale production settings because it can manage complicated automation procedures. By making the best use of available resources, DCS implementation in the process industry helps reduce downtime and boost production efficiency. The DCS category is expected to have considerable growth in the near future due to the rising consumer demand for goods including food, drinks, and chemicals as well as the desire to better serve customers and boost industry-wide operational efficiency.

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

The Machine Automation Controller Market is anticipated to be dominated by the segment of controllers with an IP65 rating. These controllers are especially made to function in harsh industrial settings where automated systems are exposed to solid objects, liquids, and dust. These automation controllers provide thorough defence against low-pressure liquid jets and dust thanks to their IP65 rating. An IP65 rating becomes essential to secure these external parts in applications like DCS and industrial PC (IPC), which may comprise components like flat panel monitors needing extra protection. As a result, there is now a requirement for controllers with an IP65 rating in order to guarantee the dependable and long-lasting operation of automation systems in harsh industrial situations.

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

The largest market for machine automation controllers is anticipated to be in APAC (Asia Pacific) throughout the forecast period. The region's market dominance can be ascribed to the large local demand for automated controllers, which prompted the creation of production facilities in a variety of sectors including the automotive, chemical, food and beverage, semiconductor, and electronics industries. Companies in the area are progressively using automation technologies to solve issues such increased labour costs, changing production processes, and rising operational costs. In the upcoming years, this tendency is anticipated to propel the expansion of the Machine Automation Controller Market in APAC, making it the dominant market for the sector.

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Last Updated July 3, 2023