The smart automation market in the energy and environment applications market was valued at USD 44.5 billion in 2021 and is projected to reach about USD 90.6 billion by 2026, growing at a CAGR above 11% during the forecast period.
Wipro Infrastructure Engineering (WIN), a section of Wipro, looks to make automation solutions for industries using Rockwell Automation's products. Wipro said it had signed a pact with the US-headquartered Rockwell Automation through its arm WIN Automation Solutions to tap the emerging industrial automation market. It might be a mixture of organic and inorganic, and partnering with Rockwell Automation is a crucial milestone, as it further strengthens Wipro's proposition of being the number one systems integrator in the industrial automation business.
Under the agreement, Siemens Ltd. will acquire approximately 99 percent of the equity share capital of C&S Electric Limited for around Rs. 2,100 crores (EUR 267 million). The buyout will pave the way for the establishment of a design and manufacturing hub in India, supporting the export of electrification solutions to fast-developing markets around the world, according to the corporation. The deal will help Siemens strengthen its position as a supplier of low-voltage power distribution and electrical installation technology within the country.
Drivers and Restraints:
Smart Automation Market Drivers:
The advancement in wireless technologies around the world is driving smart automation trends across varied industries. Automation helps to cut back human intervention and provides control and knowledge on a real-time basis. It is a unique combination of software, electronics, electric also as mechanical devices, which are requisite to automate any operation required. The ongoing need for green energy is fueling the growth of smart automation, even the trends towards energy conservation and optimum energy utilization are paving the way for smart automation across the regions.
The aim of automation is to scale back the human efforts alongside keeping the building or factory safe, healthy, and cozy for its occupants while lowering the usage of energy. The factors driving the global smart automation market in the energy and environmental applications market are the necessity to upgrade the operating efficiencies, the racing cost of energy and maintenance, and also the occupant's comfort. The difference between wireless technology and the centralization of remote controls is the key highlight of the industry.
Smart Automation Market Restraints:
Lack of awareness about smart automation products and high initial investments in smart automation are expected to hamper the global smart automation market in energy and environmental application market growth. An increase in the adoption of automated services is predicted to supply lucrative opportunities for the worldwide smart automation market in the energy and environment applications market.
Market Size Available
2021 – 2026
2021 - 2026
By End-User, By Application
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Emerson Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., United Technologies Corporation, Honeywell International Inc., Legrand S.A., Flextronics International., ABB Ltd., Siemens AG.
Wireless lighting and IoT became the present trends of this market with the advancement in communication technology. With the thought of lowering energy consumption, the innovation in smart lighting like sensor integration to detect the occupancy, level, and others, which successively reduce power consumption, has been in high need. With the utilization of Occupancy Sensors, Displacement Sensors, and dimmers, the lighting it a sensible building will close up when there is not any occupancy within the area.
Similarly, smart thermostats compare the within temperature thereupon of the surface to smartly decide what temperature is going to be apt for the occupants. The importance of solar power is increasing day by day. Many solar energy plants are being installed around the world. Smart grids, Automatic Control of wind generation Generators, electricity demand prediction, Thermal Energy Consumption Estimation and a couple of other new technologies have come up, which are acting as a catalyst for the development in the global smart automation market in energy and environmental applications market.
Marked Segmentation based on the region:
Europe is among the major markets for smart automation due to key infrastructure development and focuses on energy conservation. Industries in Europe try to chop down their energy consumption by 20%, making it a driver for this regional market.
The Asia Pacific is estimated to be a potential market for the smart automation business, owing to the increased investments from manufactures and adoption of this technology in several applications in emerging economies like India, China, and so on.
a. Middle East
Europe and the Americas are the key regions within the global smart automation market in the energy and environmental applications market. This market is fast growing in emerging economies of the planet like Brazil, China, India countries thanks to growing economic conditions.
Key Players of Market:
The major players in this market are automation, controls, and software solution product, providers.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Smart Automation Market In Energy And Environment Application Market, By End-User
6.1.1 Energy Conservation Support
6.1.2 Advanced Distribution Management Systems
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Smart Automation Market In Energy And Environment Application Market, By Application
6.2.1 Spill Management
6.2.2 Waste Management
6.2.3 Water And Wastewater Management
6.2.4 Air Quality Detection
6.2.5 Climate Reporting
6.2.6 Prediction Of Floods
6.2.7 Atmospheric Pollution
6.2.8 Sea Waves Motion
6.2.9 Market Size Estimations & Forecasts (2021-2026)
6.2.10 Y-o-Y Growth Rate Analysis
6.2.11 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021- 2026)
7.2.1 By Country
7.2.2 By End-User
7.2.3 By Application
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By End-User
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By End-User
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By End-User
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By End-User
7.6.3 By Application
8. Key Player Analysis
8.1 Emerson Electric Corporation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 OMRON Corporation
8.3 Rockwell Automation, Inc.
8.4 United Technologies Corporation
8.5 Honeywell International Inc.
8.6 Legrand S.A.
8.7 Flextronics International
8.8 ABB Ltd.
8.9 Siemens AG
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures