Smart Automation In Energy And Environment Applications Market

Global Smart Automation in Energy and Environment Applications Market Size (2024 to 2029)

The global smart automation in the energy and environment applications market is estimated to be worth USD 92.4 billion by 2029 from USD 54.83 billion in 2024, growing at a CAGR above 11% during the forecast period.

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, and electricity as mechanical devices, which are required to automate any operation. The ongoing need for green energy is fuelling 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. 

Automation aims to scale back human efforts while keeping the building or factory safe, healthy, and cozy for its occupants and 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 market.

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.

REPORT COVERAGE:

This research report on the global smart automation in energy and environment applications market has been segmented and sub-segmented into the following categories.

Global Smart Automation in Energy and Environment Applications Market - By End-User:

• Energy Conservation Support
• Advanced Distribution Management Systems
• EMS/SCADA

Global Smart Automation in Energy and Environment Applications Market – By Application:

• Spill Management
• Waste Management
• Water And Wastewater Management
• Air Quality Detection
• Climate Reporting
• Prediction Of River Floods
• Atmospheric Pollution
• Sea Waves Motion
• Others

Wireless lighting and IoT became the present trends in this market with the advancement in communication technology. With the thought of lowering energy consumption, innovations in smart lighting like sensor integration to detect occupancy, level, and others, which successively reduce power consumption, have been in high demand. With the utilization of Occupancy Sensors, Displacement Sensors, and dimmers, the lighting in a sensible building will close up when there is not any occupancy within the area. 

Similarly, smart thermostats compare the temperature of the surface to decide what temperature is going to be appropriate 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 of the global smart automation market in the energy and environmental applications market.

Global Smart Automation in Energy and Environment Applications Market – By Region:

• North America
  • The United States
  • Canada
  • Rest of North America
• Europe
  • The United Kingdom
  • Spain
  • Germany
  • Italy
  • France
  • Rest of Europe
• The Asia Pacific –
  • India
  • Japan
  • China
  • Australia
  • Singapore
  • Malaysia
  • South Korea
  • New Zealand
  • Southeast Asia
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • and Rest of LATAM
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Lebanon
  • Jordan
  • Cyprus

Europe is among the major markets for smart automation due to key infrastructure development and focuses on energy conservation. Industries in Europe are trying to chop down their energy consumption by 20%, making it a driver for this regional market. 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, and India countries thanks to growing economic conditions.

The Asia Pacific is estimated to be a potential market for the smart automation business, owing to the increased investments from manufacturers and adoption of this technology in several applications in emerging economies like India, China, and so on.

KEY MARKET PLAYERS:

Emerson Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., United Technologies Corporation, Honeywell International Inc., Legrand S.A., Flextronics International, ABB Ltd and Siemens AG are some of the notable players in the global smart automation in energy and environment applications market.

RECENT HAPPENINGS IN THE MARKE:

• 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.