Latin America Industrial Automation And Control Systems Market Size & Outlook
Latin America industrial automation and control systems market, 2018-2030 (US$M)
Related Markets
Latin America industrial automation and control systems market highlights
- The Latin America industrial automation and control systems market generated a revenue of USD 9,453.5 million in 2023.
- The market is expected to grow at a CAGR of 4.5% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 9,453.5 million |
| Market revenue in 2030 | USD 12,908.0 million |
| Growth rate | 4.5% (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, Latin America region accounted for 5.0% 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 33.94% in 2023. Horizon Databook has segmented the Latin America industrial automation and control systems market based on dcs, plc, scada covering the revenue growth of each sub-segment from 2018 to 2030.
The adoption of automated systems in factories and plants to ensure maximum productivity and reduction in the rate human of error is expected to drive the market growth in the region. Further, the need to achieve minimal waste production and reduced time for production increases the demand for industrial automation and control systems.
In addition, market players such as Siemens have developed a SCADA system, SIMATIC, to meet the demand for managing and archiving large amounts of data volumes in modern Industrial plants for increasing efficiency to meet long-term goals.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Industrial Automation And Control Systems Market Scope
Industrial Automation And Control Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America industrial automation and control systems market size, by country, 2018-2030 (US$M)
Latin America Industrial Automation And Control Systems Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
