Europe Industrial Automation And Control Systems Market Size & Outlook
Europe industrial automation and control systems market, 2018-2030 (US$M)
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Europe industrial automation and control systems market highlights
- The Europe industrial automation and control systems market generated a revenue of USD 35,228.4 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 35,228.4 million |
| Market revenue in 2030 | USD 55,827.6 million |
| Growth rate | 6.8% (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, Europe region accounted for 18.8% 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 34.9% in 2023. Horizon Databook has segmented the Europe industrial automation and control systems market based on dcs, plc, scada covering the revenue growth of each sub-segment from 2018 to 2030.
Manufacturing units in the region are being driven to implement the latest technological advances and digital transformation abilities to make their business processes as effective as possible due to a rapid increase in competition and increasing end-user requirements.
For instance, field devices such as motors sensors, and others, enable the car industry to respond faster to market demands, decrease manufacturing downtimes, improve supply chain efficiency, and grow productivity.
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Industrial Automation And Control Systems Market Scope
Industrial Automation And Control Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe industrial automation and control systems market size, by country, 2018-2030 (US$M)
Europe Industrial Automation And Control Systems Market Outlook Share, 2023 & 2030 (US$M)
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