Innovation Unleashed: Exploring the Dynamics of the $41.5 Billion Machine Automation Controller Market
The Machine Automation Controller Market grew significantly, with a predicted value of USD 41.5 billion by 2024, up from USD 33.7 billion in 2019, showing a Compound Annual Growth Rate (CAGR) of 4.3% from 2019 to 2024. This increase is being driven by a number of significant factors. Notably, there is a growing focus on reducing operating costs, which has prompted a number of businesses to employ automation tools to speed up procedures. The need for machine automation controllers has also been pushed by the necessity to increase productivity in the process industry. The rising use of robots in the manufacturing industry has also been welcomed, which has further fueled this market's expansion.
Given these factors, the Machine Automation Controller Market has shown a continuous upward trend. In this growth path, the integration of automation technologies, operational efficiency, and the convergence of cost reduction initiatives are acting as significant drivers. Businesses from all industries are realising the benefits of automation controllers as the market develops, not just for better cost management but also for boosting productivity and utilising robotics. The future of industrial processes and manufacturing operations will be shaped by machine automation controllers, as this trend emphasises.
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DCS to lead the market
Due to its unmatched advantages, Distributed Control Systems (DCS) are expected to maintain their supremacy in the industry. By providing flexible supervision, control, and reporting of different components within the production environment, DCS improves centralised oversight of plant operations. Its ability to effectively manage complex automation processes is particularly noteworthy, making it the best option for businesses with large production settings. Through the wise use of resources, the integration of DCS in process industries results in less downtime and increased production efficiency. The DCS segment is positioned for significant growth as markets for goods including foods, drinks, and chemicals see rising demand. This expansion will be aided by the segment's capacity to guarantee smooth operations and increased output.
Due to their superior capabilities, Distributed Control Systems (DCS) stand out as a pioneer in the competitive industrial control market. DCS gives businesses the ability to exert precise control and reporting over every component of the production floor thanks to a centralised approach to monitoring and controlling plant operations. Scalable businesses benefit the most from this because it effectively streamlines complex automation procedures. Implementing a DCS has the combined advantages of reducing downtime and maximising resource use, increasing overall production efficiency. The DCS category is well-positioned to prosper as markets like food, beverage, and chemicals experience rising product demand thanks to its crucial role in sustaining uninterrupted operations and boosting manufacturing yields.
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IP65 rated controller to hold the largest share of Machine Automation Controller Market
Controllers with an IP65 rating are expected to command the biggest market share in the Machine Automation Controller industry. These controllers are used in harsh industrial environments where automation systems are frequently exposed to particles of dust, liquid, and solid matter. These automation controllers offer complete protection against low-pressure liquid jets and dust infiltration thanks to their IP65 classification. Due to the absence of additional protective measures on some components, including flat panel monitors, this grade is especially relevant to automation controllers like Distributed Control Systems (DCS) and industrial PCs (IPCs). The need to protect against these outside factors has made the IP65 certification a crucial requirement and encouraged commercial acceptance.
Controllers with an IP65 rating are expected to command the lion's share of the machine automation controller market. These controllers are designed for use in difficult industrial environments where automation systems must deal with persistent exposure to solids, liquids, and particle matter. The IP65 certified automation controllers provide complete protection by successfully thwarting low-pressure liquid jets and dust ingress from all sides. Notably, the IP65 classification is only required for some automation controller variations, such as Distributed Control Systems (DCS) and industrial PCs (IPCs), because flat panel monitors do not have any additional protective layers. The IP65 classification has become a crucial need in the market due to the increased need to protect against these dangerous exterior factors.
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APAC to be largest market for Machine Automation Controller during forecast period
The Asia-Pacific (APAC) region is anticipated to become the prominent market for machine automation controllers throughout the anticipated research period. This pattern, which has been seen since 2019, is expected to continue through 2024. Significant domestic demand for automated controllers in the area has sparked the development of production facilities in a variety of industries, including semiconductor and electronics, chemicals, food and beverage, and automotive. However, the rising operational costs, dynamic changes in manufacturing processes, and rising labour costs have forced businesses to look to automation technology as a strategic approach to effectively address these issues.
The Asia-Pacific (APAC) region is poised to hold the top spot in the Machine Automation Controller Market for the duration of the anticipated forecast period. This domination, which has been in place since 2019, is anticipated to last until 2024. Manufacturing hubs serving industries like automotive, chemicals, food & beverage, semiconductor & electronics have been established as a result of the region's strong domestic need for automation controllers. Businesses have increasingly used automation technology as a wise way to effectively solve these complex issues due to rising labour expenses, rapidly changing industrial processes, and increased operational costs.
Key Players
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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