Smart Manufacturing Soars: Machine Automation Controller Market to Hit $41.5 Billion by 2024


Posted December 22, 2023 by avinashgogawale14

The Machine Automation Controller Market is expected to increase from USD 33.7 billion in 2019 to USD 41.5 billion in 2024 at a compound yearly growth rate of 4.3%.
 
It is anticipated that the Machine Automation Controller Market, which was valued at USD 33.7 billion in 2019 and is expected to reach USD 41.5 billion by 2024, will experience significant growth. This market trajectory shows a 4.3% Compound Annual Growth Rate (CAGR) for the 2019–2024 forecast period.

The MarketsandMarketsTM report explores important topics like form factors, industries, and controller types. Industrial PCs, PLCs, and distributed control systems (DCS) are examples of controller types; IP65 and IP20 are examples of form factors. Food & Beverages, Chemicals, Oil & Gas, Energy & Power, and Automotive are just a few of the varied industries represented. This thorough study highlights the market for machine automation controllers' explosive growth potential, which is being propelled by developments in automation technology in a number of industries.

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The Machine Automation Controller Market is expanding rapidly due to a number of important considerations. The increasing emphasis on reducing total operating costs is a major driver pushing enterprises to implement effective automation solutions. Furthermore, there is an increasing need in the process industry to improve productivity, which is driving up the cost of sophisticated machine automation controllers. The widespread application of robots in the manufacturing industry supports the growth of the market. The market for machine automation controllers becomes essential in meeting industry demands to automate, simplify, and optimise operations in order to increase productivity. This is because businesses are moving towards more advanced industrial automation.

DCS to lead the market by 2019

The market for machine automation controllers is significantly influenced by distributed control systems (DCS), which offer centralised control over plant operations. DCS is a perfect option for businesses with large-scale production setups because it enables flexible monitoring, control, and reporting of individual components functioning on the production floor. Its exceptional capacity to oversee extremely complicated automation processes leads to simpler operations and improved efficiency. In the process industry, DCS installation is especially beneficial as it allows businesses to maximise resource efficiency and reduce downtime. Due to its capacity to satisfy the changing requirements of sectors with complex production processes, the DCS segment is expected to have significant expansion over the projected period as the demand for goods including meals, drinks, and chemicals continues to rise.

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IP65 rated controller to hold the largest share of machine automation controller market

IP65 machine automation controllers are essential in harsh industrial settings where automated systems are in regular contact with solid, liquid, and dusty materials. These controllers are tough in harsh environments because of their IP65 classification, which guarantees protection against dust and low-pressure liquid jets from all directions. Automation controllers, such as Industrial PCs (IPC) and Distributed Control Systems (DCS), frequently have an IP65 rating, particularly for parts like flat panel monitors that don't need more protection. The need to protect these external components has increased the importance of the IP65 designation, which is now required to guarantee the dependability and robustness of machine automation controllers in challenging industrial environments.

APAC to be largest market for machine automation controller during forecast period

The machine automation controller market is expected to be dominated by Asia-Pacific (APAC), which accounted for the highest share in 2019 and is expected to maintain this trend through 2024. A wide range of industries, including automotive, chemicals, food and beverage, semiconductor and electronics, have established manufacturing units as a result of the region's significant domestic need for automated controllers. But issues including growing labour costs, manufacturing processes evolving quickly, and growing operating costs have forced businesses to use automation technologies. In order to meet these problems and ensure increased efficiency, cost-effectiveness, and competitiveness in the Asia-Pacific region's changing industrial landscape, a deliberate shift towards automation is seen to be necessary.

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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Last Updated December 22, 2023