The new report by Expert Market Research titled, ‘Global Machine Automation Controller Market Trends, Price, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global machine automation controller market, assessing the market based on its segments like controller types, form factors, industries, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2022): USD 39.52 billion
Forecast CAGR (2023-2028): 4.51%
The rising application of machine automation controller in the manufacturing sector to increase the automation efficiency, to boost productivity, and to improve flexibility, aimed towards enhancing the business profitability is driving the market growth. Over the forecast period, the anticipated increase in the demand for machine automation controllers from the energy and power industry, for an efficient distribution of electricity in various end use sectors, is likely to be a major factor boosting the market growth.
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In terms of region, the Asia Pacific accounts for a significant share in the market owing to the rising demand for the product from the food and beverage industry to facilitate integrated operations, improve performance, and to boost product consistency.
Industry Definition and Major Segments
Machine automation controller is defined as a device which facilitates a synchronous control in a system by integrating various machinery or devices. Machine automation controller uses analog or digital networking support as high-speed encoder to enable the communication. Furthermore, this controller eradicates the requirement for multiple controllers and sensors to save costs.
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On the basis of controller type, the market can be segmented into:
Distributed Control System (DCS)
Programmable Logic Controller (PLC)
The significant form factors included in the market are as follows:
Based on industry, the market has been classified into:
o Oil and Gas
o Energy and Power
o Food and Beverages
o Metals and Mining
o Pulp and Paper
o Aerospace and Defence
o Semiconductors and Electronics
o Medical Devices
The regional markets for machine automation controller include:
Middle East and Africa
Machine Automation Controller Market Trends
The key trends in the machine automation controller market include the increasing deployment of the product in the automotive industry owing to the increasing sales of electric cars. In addition to this, the growing adoption of internet of things (IoT) and artificial intelligence in this industry is anticipated to propel the market growth in the coming years.
Moreover, the technological advancements and growing R&D activities in the discrete industries such as aerospace and defence, and semiconductor and electronics sector are anticipated to contribute to the market growth in the forecast period. Furthermore, the rising costs of labour is anticipated to bolster the demand for machine automation controller in the forecast period.
Key Market Players
The major players in the market are Mitsubishi Electric Corporation, ABB Ltd., Siemens AG, Emerson Electric Co., and Honeywell International Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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