The automation equipment market and the trend of large factory layout

2023-05-05 14:41

Automation has grown significantly since the pandemic, with an estimated global industrial automation market size of $196.6 billion in 2021 and expected to expand to over $412.8 billion by 2030. It is expected to grow at a compound annual growth rate (CAGR) of 8.59% during the forecast period from 2022 to 2030.
At the same time, real-time data analysis has grown significantly with the increase in data volume, consumer acceptance of enterprise behavior data, and the rising demand for predictive maintenance in industrial automation. Real time data analysis helps to obtain operational insights with higher efficiency during manufacturing, attracting investment in related technologies and equipment such as mechanical manufacturing, petrochemicals, aerospace, national defense, electronic products, automobiles, manufacturing, and other industries; The Asia Pacific region holds a considerable market share in the global industrial automation market, and some research institutions expect the region to maintain a dominant market position. The reason is that the economic growth of emerging countries such as India and Indonesia has led to an annual growth in the application field.
In addition, the increasing mastery of smart devices by enterprises has made the application of industrial automation monitoring technology more frequent. Enterprises can always grasp variables such as temperature, current, voltage, speed, and vibration in real time. In addition, equipment maintenance and asset management software and solutions are gradually becoming more popular, allowing for higher efficiency and automation. This trend covers both light and heavy industries, from textiles to electric vehicles, Improve automation capabilities without exception.
Industrial robots, computer vision systems, human-machine interfaces, sensors, 3D printing, industrial computers, and other software and hardware are rapidly integrating under the massive transformation needs of the industry, which has led to related businesses such as ABB, Emerson Electric, Fanuc, General Electric, Honeywell, Mitsubishi Electric, Rockwell, Schneider Electric, Siemens, Yokogawa Electric, and Omron becoming the biggest beneficiaries.

 

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