The global machine automation controller market is predicted to register a CAGR of 4.3% from 2023 to 2028 and the global market size is anticipated to grow from USD 34.97 billion in 2023 to USD 43.17 billion by 2028.
Manufacturing is always dependent on high productivity and efficiency. Machine automation controllers show the trends for automation processes within the manufacturing industry with the help of a graphical interface. They are widely used for several applications like mechanical control as well as temperature control. Machine automation controllers provide high processing speeds, safety, maintainability and reliability, which are essential for industrial automation. They assist in watching the whole manufacturing process and reduce waste. These mechanical automation controllers are significantly utilized in various industries, including food and beverages, cosmetics, pharmaceuticals, automotive, and plenty of others.
Global Machine Automation Controller Market Drivers:
The growing emergence of the industrial Internet of things (IIoT), virtualization of distributed control systems (DCS) within the oil and gas sector, and technological advances within the programmable logic controller (PLC)s are propelling the growth of the machine automation controller market. The significant growth of the food and beverage and cosmetics industries is further contributing to the growth of the machine automation controller market. The strong growth of the semiconductor industry will lead to the machine automation controller market growth over the forecast period because of the rising demand for consumer electronics goods across the world.
Furthermore, strong manufacturing and housing growth in emerging countries such as China, India, and Brazil are driving global machine automation controller market expansion during the forecast period due to rapid population growth and increasing urbanization across the region. In addition, the rapid climb in industrial automation because of the Internet of Things-based products and solutions helped the worldwide machine controller’s business to grow over the foreseen period. High innovation in new products and high specialization in expanding their distribution channels by leading manufacturers are the key factors that drive the global machine automation controller market.
Global Machine Automation Controller Market Restraints:
Adopting of advanced machine automation controllers requires a large capital investment and can be out of reach for some small businesses. In addition, machine automation controllers are made up of multiple components that make system failures difficult to detect and increase downtime. This can hinder the Machine Automation Controller Market growth to some extent during the forecast period. In addition, factors such as high safety associated with use the of machine automation controllers alongside high maintenance cost hinder the global Machine Automation Controller Market to grow during the forecast period.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
CAGR |
4.3% |
Segments Covered |
By Type, Industry and Region |
Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Omron Corporation, Schneider Electric SE, Delta Electronics, Inc, Emerson Electric Co, Advantech Co., Ltd, Beckhoff Automation LLC, General Electric Co, Rockwell Automation Inc. |
This research report on the global machine automation controller market has been segmented and sub-segmented into the following categories.
Machine Automation Controller Market - By Type:
The distributed controller segment is expected to witness a high growth rate in the global Machine Automation Controller Market among all the above-mentioned types due to its high usage for multiple purposes in various industries. The installation of distributed systems within the process industry allows key players to reduce downtime and increase production using optimal resources. DCS helps plant operators increase operational efficiency, optimize plant-level maintenance procedures, and protect safety and reliability.
Machine Automation Controller Market - By Industry:
The energy and power segment is expected to hold a significant share of the machine automation controller market during the forecast period. Growing energy demands and the global population have led to grid modernization of grids, and old grid equipment is being replaced with advanced setups that contain automated substations, smart meters, and smart grids. The increasing adoption of automated and intelligent technologies in power distribution is expected to open new opportunities in the machine automation controller market.
The automotive industry and the food and beverage industry are also estimated to witness significant growth in the global machine automation controllers market due to the increasing use of these controllers.
Machine Automation Controller Market – By Region:
The North American machine automation controller market reports the highest share of the global market, followed by Western Europe, due to the rapid expansion of innovation and increasing demand for productivity, as well as efficiency in many industries, including food and beverages, automotive, etc.
The Asia Pacific machine automation controller market is anticipated to carry a significant share within the predicted period. Some of the factors driving market growth include the establishment of producing units in several industries like chemicals, automotive, semiconductor & electronics, and food & beverages. This is generally expected to foster market demand for the machine automation controller market within the anticipated timeframe. Increasing innovation and demand for increasing productivity and efficiency in many user industries are expected to drive market growth in the APAC region.
KEY MARKET PLAYERS:
Companies playing a leading role in the global machine automation controller market include Omron Corporation, Schneider Electric SE, Delta Electronics, Inc, Emerson Electric Co., Advantech Co., Ltd, Beckhoff Automation LLC, General Electric Co. and Rockwell Automation Inc.
RECENT HAPPENINGS IN THE MARKET:
FAQ's
The global machine automation controller market is expected to register a revenue CAGR of 4.3% over the forecast period.
High upfront investment is one of the key factors expected to restrain market growth to an extent over the forecast period.
North America is expected to account for largest revenue share in the global market over the forecast period.
Prominent companies in the market include Emerson, Kollmorgen, Siemens, Rockwell Automation , Omron, Mitsubishi Electric, Schneider Electric, Yokogawa , Robert Bosch, and Honeywell.
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