Global Automation Control Components and Devices Market growing at a CAGR of 10.89% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Aug 2023
Key Market Overview
The Global Automation Control Components and Devices Market was valued at USD 59.62 Billion in 2022 and is expected to register a compound annual growth rate of 10.89% to reach USD 133.09 Billion in 2030.
The report highlights the increasing demand for industrial automation across different sectors is driving the market growth of automation control components and devices. Consegic Business Intelligence provides an inclusive research report on the automation control components and devices market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Automation Control Components and Devices Market By Overview
The report analyses significant segments such as type, end use, and region to identify emerging trends and potential opportunities. The end use segment is expected to grow due installation of automation control components and devices in hybrid and electric vehicles manufacturing plants and others. Moreover, the automotive segment is driving the market growth for automation control components and devices due to rising demand for fuel efficient vehicles.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for industrial automation across different sectors is driving the market growth of automation control components and devices.
- Growing adoption of Industry 4.0 by various sectors is fuelling the demand for automation control components and devices.
Restraints:
- High initial cost of investment is hindering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Relays/Couplers, Connectors, Switches, and Encoders/Potentiometers |
| By End Use | Automotive, Mining and Metals, Energy and Power, Manufacturing, Electronics and Semiconductor, Aerospace and Defense, Oil and Gas, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global automation control components and devices market is highly competitive due to the presence of major players such as Delta Electronics, Inc., Rockwell Automation, Inc., Emerson Electric Co., ABB Limited, Panasonic Corporation, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in automation control components and devices market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Delta Electronics, Inc.
- Rockwell Automation, Inc.
- Emerson Electric Co.
- ABB Limited
- Panasonic Corporation
- Control Components
- OMRON Corporation
- Baumer Limited
- Schneider Electric
- Encoder Products Company
- PHOENIX
- AMETEK, Inc.
- LUTZE Inc.
- General Electric
- Teledyne Technologies Incorporated
- MKS Instruments
- Honeywell International Inc.
- Siemens
- Mitsubishi Electric Corporation