The Europe Industrial Automation And Control Systems Market would witness market growth of 9.3% CAGR during the forecast period (2022-2028).
Most of the ongoing technological advancements in industrial automation necessitate devices on the factory floor and the remainder of the company to be tightly integrated. Smart devices, reliable network infrastructure for effective data gathering, and the capacity to transform data into usable information are some of the prerequisites for this integration.
By interconnecting the facility, plant, site, and personnel, the integration of knowledge and control across the organization helps the customers to optimize their operations. Essentially the combination of motor control, control systems, and smart devices creation of the most effective industrial automation system possible as per the specified requirements.
In this region, France is becoming a leader in the Industry 4.0 transformation. In 2017, the nation had almost 700 manufacturers and companies that implemented automation and control systems to become a part of Industry 4.0. The combined total value of all these was estimated at around 6.8 billion euros, out of which half the cost was attributable to the export sales. Additionally, France is among the leading nations that have a growing robotics industry in the region.
The Germany market dominated the Europe Industrial Automation and Control Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19,452 million by 2028. The UK market is anticipated to grow at a CAGR of 8.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10.1% during (2022 - 2028).
Based on Type, the market is segmented into Distributed Control Systems (DCS), Programmable Logic Controller (PLC), SCADA, and Others. Based on Component, the market is segmented into Sensors, Control Valves, Human Machine Interface (HMI), Industrial Robots, and Others. Based on Vertical, the market is segmented into Manufacturing, Oil & Gas, Healthcare, Chemical, Mining & Metal, Automotive, Food & Beverage, Energy & Utilities, Aerospace & Defense, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Industrial Automation And Control Systems Market will Hit $301.8 Billion by 2028, at a CAGR of 10%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Emerson Electric Co., Honeywell International, Inc., Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation.
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