PUBLISHER: The Business Research Company | PRODUCT CODE: 1425621
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425621
Machine Automation Controller Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on machine automation controller market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for machine automation controller? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The machine automation controller market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The machine automation controller serves as a comprehensive industrial system overseeing multiple integrated subsystems, offering supervisory control and synchronous management of all connected machine devices. Its capabilities extend to encompass advanced functions like robotics, database connectivity, and motion control.
Within the landscape of machine automation controllers, distinct types emerge, including distributed control systems (DCS), programmable logic controllers (PLC), and industrial PCs (IPC). Distributed control systems (DCS) constitute a digitally automated industrial control system (ICS), utilizing geographically dispersed control loops across factories, machines, or specific control areas. These systems come in various form factors such as IP65, IP20, alongside others like IP40, IP67, and IP69k, catering to diverse industries spanning food and beverages, automotive, pharmaceuticals, packaging, media & telecommunications, aerospace, chemicals, among others.
The machine automation controllers market research report is one of a series of new reports from The Business Research Company that provides machine automation controllers market statistics, including machine automation controllers industry global market size, regional shares, competitors with a machine automation controllers market share, detailed machine automation controllers market segments, market trends and opportunities, and any further data you may need to thrive in the machine automation controllers industry. This machine automation controllers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The machine automation controller market size has grown steadily in recent years. It will grow from $37.41 billion in 2023 to $39.17 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The expansion witnessed in the past period can be linked to the evolution of industrial automation, heightened demands for enhanced productivity, efficient material handling, the rising intricacy in manufacturing processes, amplified emphasis on quality control, and the imperative need to comply with safety standards.
The machine automation controller market size is expected to see strong growth in the next few years. It will grow to $47.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. Anticipated growth in the upcoming forecast period can be attributed to the ascent of smart manufacturing practices, an increased emphasis on sustainable manufacturing methods, the adoption of customizable and modular systems, bolstering global supply chain resilience, and a regulatory impetus driving digitalization. Key trends projected for this period involve the surge of the industrial internet of things (IIoT), leveraging edge computing for real-time data processing, heightened attention to cybersecurity measures, the prevalence of modular and scalable controllers, the proliferation of cloud-based automation solutions, the integration of collaborative and safe robotics, and the facilitation of remote monitoring and maintenance processes.
The increasing integration of robots within manufacturing is set to drive the machine automation controller market's expansion. Industrial robots, programmed for manufacturing tasks, streamline assembly workflows by handling repetitive functions. This surge in robot usage, evident in a report by the International Federation of Robotics in December 2021, highlights a global average of 126 robots per 10,000 employees in manufacturing, nearly doubling from five years earlier. Notably, regions like Asia/Australia and Europe demonstrate robot densities of 134 and 123 units, respectively. Countries like South Korea, Singapore, Japan, Germany, and Sweden lead as the most automated. Hence, the escalating use of robots in manufacturing propels the machine automation controller market.
The drive toward increased energy efficiency is anticipated to fuel growth in the machine automation controller market. Emphasizing energy optimization in manufacturing processes, these controllers play a pivotal role in operational efficiency. This focus aligns with global sustainability initiatives, with the European Commission targeting a 20% energy efficiency goal by 2020 and aiming for at least 35% by 2030, as of August 2023. Consequently, the pursuit of enhanced energy efficiency acts as a driving force behind the machine automation controller market's growth.
Product innovation emerges as a pivotal trend shaping the machine automation controller market. Key industry players are leveraging innovation to fortify their market positions. For instance, Omron Corporation introduced the NX502 in May 2023, a machine automation controller capable of connecting to 10 EtherNet/IP networks, ideal for larger systems. This innovation offers superior information and safety control, precise data gathering, and integrated control technology. It facilitates the operation of large-scale production lines with module division, enabling partial process adjustments and testing with minimal influence on overall operations. This optimizes energy productivity and reduces lead times during line changes.
Prominent entities within the machine automation controller market are pioneering technological services like reinforcement learning to bolster profitability. Reinforcement learning services utilize iterative algorithms to optimize decision-making and enhance control strategies in dynamic industrial settings. For instance, Yokogawa Electric Corporation launched Reinforcement Learning Service technology in February 2023. This service, applicable to edge controllers across sectors without major infrastructure changes, enables autonomous control for real-time OS-based machine controllers. It facilitates process automation and control optimization, offering a pathway to greater efficiency.
In August 2022, Accenture, an Ireland-based leader in professional IT services, successfully acquired Eclipse Automation for an undisclosed sum. This acquisition positions Accenture to provide automated production lines that harness the power of cloud technology, data analytics, and artificial intelligence (AI), enabling the transformation of factories and plants into smarter, more efficient, sustainable, and secure environments. Eclipse Automation, a Canada-based company specializing in machine automation controls, now joins Accenture, enhancing their capabilities in advancing cutting-edge industrial automation solutions.
Major companies operating in the machine automation controller market report are Omron Corporation, Schneider Electric SE, Rockwell Automation Inc., Emerson Electric Company, Advantech Company Limited, Yokogawa Electric Corporation, Delta Electronics Inc., Kollmorgen, ABB Limited, Mitsubishi Electric Corporation, Parker Hannifin Corporation, American Chemical Society India, NEXCOM International Company Limited, Kontron AG, Bosch Rexroth AG, Beckhoff Automation GmbH & Co. KG, Honeywell International Inc., Siemens AG, Acromag Inc., B&R Automation, Control Techniques, Precise Automation Inc., Danfoss A/S, Eaton Corporation PLC, Fuji Electric Co. Ltd., GE Automation & Controls, Hitachi Industrial Equipment Systems Co. Ltd., IDEC Corporation, Lenze SE, Yaskawa Electric Corporation
North America was the largest region in the machine automation controller market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machine automation controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the machine automation controller market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The machine automation controller market consists of sales of machine automation controllers, including analog and digital I/O. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.