Global Automation Control Components and Devices Market, By Type (Relays/Couplers, Connectors, Switches, Others), Application (Automotive, Manufacturing, Oil and Gas, Energy and Power, Mining and Metals, Electronics and Semiconductor, Aerospace and Aviation, Military Defence, Government), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automation Control Components and Devices Market
Automation control components and devices market is expected to reach USD 114.14 million by 2028 witnessing market growth at a rate of 10.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automation control components and devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
In order to help free up human capital, industrial automation is the introduction of control systems, such as computers and other IT systems, to control different processes in an industry. By integrating advanced and integrated technology, automation improves output rate and efficiency, thus reducing costs associated with the production process.
Rapid evolution of technology, businesses are compelled to update their existing automation solutions to meet modern process requirements, high demand for automation components in the oil and gas and metal and mining industry, rising adoption of digital technologies along with reduction the production cost, increasing number of government initiatives for the growth of the automation control are some of the major as well as vital factors which will likely to augment the growth of the automation control components and devices market in the projected timeframe of 2021-2028. On the other hand, increasing number of research and development activities along with rising demand of innovative product and prevalence of high end product portfolio which will further contribute by generating massive opportunities that will lead to the growth of the automation control components and devices market in the above mentioned projected timeframe.
Rapidly changing technological trends in industries which will likely to act as market restraint factor for the growth of the automation control components and devices in the above mentioned projected timeframe.
This automation control components and devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automation control components and devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automation Control Components and Devices Market Scope and Market Size
Automation control components and devices market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Automation control components and devices market on the basis of type has been segmented relays/couplers, connectors, switches, and others. Relays/couplers have been further segmented into solid-state relays, photo IC couplers, power relays, control panel relays, safety relays, signal relays, automotive relays, interface terminals, and others. Connectors have been further segmented into automotive connector, board to FPC narrow pitch connector, board to board narrow pitch connector, high current stacking connector, FPC/FFC connector, and active optical connector. Switches have been further segmented into interlock switches, fall detection switches, push switches, snap switches, seal type switches, limit switches, and light-touch switches. Others have been further segmented into encoders/potentiometers, force-sensing capacitive device, and PIR motion sensors.
- On the basis of application, the automation control components and devices market has been segmented into automotive, manufacturing, oil and gas, energy and power, mining and metals, electronics and semiconductor, aerospace and aviation, military defence, and government.
Automation Control Components and Devices Market Country Level Analysis
Automation control components and devices market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the automation control components and devices market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the automation control components and devices market due to the increasing demand for automation components in the oil and gas and metal and mining industry along with the prevalence of various manufacturers in the region while Asia-Pacific region will expect to grow in the automation control components and devices market during the forecast period of 2021-2028 due to the increasing adoption of advanced technologies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automation Control Components and Devices Market Share Analysis
Automation control components and devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automation control components and devices market.
The major players covered in the automation control components and devices market report are Panasonic Corporation; OMRON Corporation; Control Components; Schneider Electric; ABB; PHOENIX; Delta Electronics, Inc.; LUTZE Inc.; Encoder Products Company; Baumer; Rockwell Automation, Inc.; Honeywell International Inc.; Siemens; Emerson Electric Co.; Fortive.; AMETEK.Inc.; GENERAL ELECTRIC; MKS Instruments.; Mitsubishi Electric Corporation.; Teledyne Technologies Incorporated.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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