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Frequently Asked Questions
According to Precedence Research, the global industrial automation and control system market size was reached at USD 145 billion in 2020 and is projected to hit over US$ 347.9 billion by 2030.
Rapid shift of industries towards smart manufacturing and investment in smart factory automation are the driving factors of the industrial automation and control system market.
The global industrial automation and control system market is growing at a CAGR of 9.2% from 2021 to 2030.
The major players operating in the industrial automation and control system market are ABB, Emerson Electric Co., Rockwell Automation, Inc., Schneider Electric, Siemens AG, Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., and Mitsubishi Electric Corporation.
The Asia Pacific dominated the market followed by North America and Europe.