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Global Machine Automation Controller Market to Reach About USD 47.14 Billion by 2026, Aided by Increasing Automation in Various Industries

According to a new report by EMR titled, ‘Global Machine Automation Controller Market Report and Forecast 2021-2026’, the global market for machine automation controller attained a value of about USD 36.18 billion in 2020. The industry is further expected to grow at a CAGR of 4.51% in the forecast period of 2021-2026 to reach a value of approximately USD 47.14 billion by 2026.

North America holds a significant share of the overall machine automation industry owing to the rapid adoption of the latest technology in the region. Moreover, the deployment of advanced technology such as robotics in major industries like automotive and food and beverages is increasing the demand for machine automation controllers, which is augmenting the market growth. The robust healthcare in countries such as the United States and Canada is further surging the deployment of machine automation controllers to prevent human errors while promoting automation. Meanwhile, the Asia Pacific region is witnessing robust growth owing to rapid industrialisation in countries such as India and China. In addition, the increasing use of technologies to boost production in various industries such as manufacturing and automotive is providing further impetus to the market for machine automation controller.

ABB Ltd. (NYSE: ABB), one of the leading companies in the machine automation controller industry, announced in July 2021 that it is expected to acquire ASTI Mobile Robotics Group (ASTI). The acquisition is projected to expand the company’s offering of automation and robotics to support its consumer for advanced flexible automation. This also makes the company the first in the industry to offer a portfolio of full automation services and machine automation controller. Moreover, the acquisition would enable the company to substitute linear production lines for flexible networks while finishing products between smart connected factories, workstations, and logistics centres, among others. It would further aid the company to develop advanced machine automation controllers for industrial applications, which is projected to drive the market growth in the forecast period.

Market Analysis by Controller Type, Form Factor, Industry, and Region:

  • The market, on the basis of controller type, can be divided into distributed control system (DCS), programmable logic controller (PLC), and industrial PC.
  • Based on form factor, the industry can be divided into IP65 and IP20, among others.
  • The major industries of machine automation controller include process industries and discrete industries.
  • The regional markets for machine automation controller include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing automation in the food and beverage industry to boost quality, efficiency, and overall profitability is increasing the deployment of machine automation controller, hence augmenting the market growth.
  • The development of advanced machine automation controllers to automate vision and motion while tracking effectively is increasing their application, which is bolstering the industry growth.
  • The market is being driven by the growing deployment of machine automation controller in the manufacturing of automobiles in the automotive industry.
  • The advent of Industry 4.0 is leading to a surge in the demand for highly-efficient programmable logic controllers (PLC), thereby invigorating the growth of the machine automation controller.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for machine automation controller for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the controller types, form factor, industries, and major regions of machine automation controller.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global machine automation controller market are Mitsubishi Electric Corporation, ABB Ltd., Siemens AG, Emerson Electric Co., and Honeywell International Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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