Automation Revolution: Machine Automation Controller Market Forecasted to Hit $41.5 Billion


Posted February 20, 2024 by avinashgogawale14

The Machine Automation Controller Market is expected to increase from USD 33.7 billion in 2019 to USD 41.5 billion in 2024 at a compound yearly growth rate of 4.3%.

 
The Machine Automation Controller Market is expected to develop at a compound annual growth rate (CAGR) of 4.3% from 2019 to 2024, from an estimated value of USD 33.7 billion in 2019 to USD 41.5 billion by 2024.

Numerous reasons, such as the adoption of various controller types like Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), and Industrial PCs, are driving the market's expansion. Furthermore, a variety of industry sectors, including chemicals, food & beverage, oil & gas, energy & power, and automotive, support the growth of the machine automation controller market. One of the main factors driving the market ahead is the rising need for automation solutions across all industries.

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A number of important factors are driving the machine automation controller market's growth. A lot of focus is placed on cutting total operating expenses, which pushes businesses to use sophisticated automation solutions. Another important aspect driving market expansion in the process industry is the requirement for increased productivity. Automation controllers are essential for reducing manual intervention, optimising efficiency, and streamlining procedures. The need for machine automation controllers is also fueled by the growing integration of robots in the manufacturing sector, as these controllers are necessary for arranging and directing robotic operations in contemporary industrial settings.

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DCS to lead the market by 2019

With the flexibility to monitor, regulate, and report on specific production floor components, distributed control systems (DCS) offer centralised control for plant operations. DCS's ability to manage intricate automation processes makes it especially suitable for businesses with large production settings. By optimising resource utilisation, its adoption in the process industry enables businesses to reduce downtime and increase production efficiency. The DCS market is anticipated to increase significantly as companies increasingly realise the benefits of centralised control systems for handling complex production processes, and as demand for goods including food, drinks, and chemicals rises.

IP65 rated controller to hold the largest share of machine automation controller market

IP65 machine automation controllers are used in harsh industrial settings where automated systems are subjected to liquids, solid objects, and dust. The IP65-rated controllers offer defence against liquid jets at low pressure and dust coming from all directions. Automation controllers such as DCS and Industrial PC (IPC) have an IP65 rating since some parts, including flat panel monitors, don't have extra protection. The IP65 certification is now an essential requirement, assuring the robustness of automation controllers in demanding industrial environments, due to the urge to protect these external components.

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APAC to be largest market for machine automation controller during forecast period

According to projections, APAC will dominate the machine automation controller market in 2019 and will continue to do so until 2024. A wide range of industries, including automotive, chemicals, food & beverage, semiconductor & electronics, have established manufacturing units in response to the region's significant domestic need for automated controllers. However, businesses in the area are adopting automation technology as a strategic response to effectively manage these difficulties due to rising labour costs, the quick evolution of production processes, and the rise in operating expenses.

Major players involved in the machine automation controller market include ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Yokogawa (Japan), Advantech (Taiwan), Delta Electronics (Taiwan), Honeywell (US), Mitsubishi Electric (Japan), Omron (Japan), Rockwell Automation (US), Robert Bosch (Germany), Beckhoff Automation (Germany), Kollmorgen (US), and Kontron (Germany).

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Last Updated February 20, 2024