Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 203.39 Billion | USD 555.01 Billion | 10.56% | 2024 |
FrequentlyAsked Questions
Industrial control and factory automation encompasses technologies, systems, and solutions designed to monitor, control, and automate manufacturing processes while minimizing human intervention.
The industrial control and factory automation market is expected to be driven by persistent labor shortages, acceleration of Industry 4.0 initiatives, rising emphasis on manufacturing resilience, integration of AI and machine learning capabilities, expansion of industrial IoT implementations, and growing focus on sustainable manufacturing practices.
According to our study, the global industrial control and factory automation market was worth around USD 203.39 billion in 2024 and is predicted to grow to around USD 555.01 billion by 2034.
The CAGR value of the industrial control and factory automation market is expected to be around 10.56% during 2025-2034.
The global industrial control and factory automation market will register the highest growth in Asia Pacific during the forecast period.
Key players in the industrial control and factory automation market include ABB Ltd., Siemens AG, Schneider Electric SE, Emerson Electric Co., Rockwell Automation, Inc., Honeywell International Inc., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, General Electric Company, OMRON Corporation, Fanuc Corporation, KUKA AG, Bosch Rexroth AG, Endress+Hauser AG, Beckhoff Automation GmbH & Co. KG, Phoenix Contact GmbH & Co. KG, B&R Industrial Automation GmbH, WAGO Kontakttechnik GmbH & Co. KG, Yaskawa Electric Corporation, and Delta Electronics, Inc.
The report comprehensively analyses the industrial control and factory automation market, including an in-depth discussion of market drivers, restraints, emerging technologies, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, the evolving landscape of automation capabilities, implementation challenges, and regulatory requirements shaping the industrial automation ecosystem.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed