Asia Pacific Industrial Automation And Control Systems Market Size & Outlook
Asia Pacific industrial automation and control systems market, 2018-2030 (US$M)
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Asia Pacific industrial automation and control systems market highlights
- The Asia Pacific industrial automation and control systems market generated a revenue of USD 72,870.4 million in 2023.
- The market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
- In terms of segment, dcs was the largest revenue generating control system in 2023.
- SCADA is the most lucrative control system segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 72,870.4 million |
| Market revenue in 2030 | USD 175,138.3 million |
| Growth rate | 13.3% (CAGR from 2023 to 2030) |
| Largest segment | Dcs |
| Fastest growing segment | SCADA |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | DCS, PLC, SCADA |
| Key market players worldwide | ABB Ltd, Emerson Electric Co, Honeywell International Inc, Kawasaki Heavy Industries Ltd, Mitsubishi Electric Corp, OMRON Corp, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Yokogawa Electric Corp. |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.8% of the global industrial automation and control systems market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 175,138.3 million by 2030.
Dcs was the largest segment with a revenue share of 34.74% in 2023. Horizon Databook has segmented the Asia Pacific industrial automation and control systems market based on dcs, plc, scada covering the revenue growth of each sub-segment from 2018 to 2030.
The region's growth can be attributed to the presence of key market players and emerging companies. Some notable regional players are Yokogawa Electric Corporation, Kawasaki Robotics, and Mitsubishi Electric Factory Automation. The market growth in Asia Pacific can be attributed to the increasing demand for better solutions to manage industrial plants in China and India.
Furthermore, emerging economies such as Indonesia, Vietnam, and Thailand have a largely untapped market that drives significant investments to develop manufacturing facilities. Solution providers can extend their market position and develop new revenue sources.
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Industrial Automation And Control Systems Market Scope
Industrial Automation And Control Systems Market Companies
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Asia Pacific industrial automation and control systems market size, by country, 2018-2030 (US$M)
Asia Pacific Industrial Automation And Control Systems Market Outlook Share, 2023 & 2030 (US$M)
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