Mexico Industrial Automation And Control Systems Market Size & Outlook
Mexico industrial automation and control systems market, 2018-2030 (US$M)
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Mexico industrial automation and control systems market highlights
- The Mexico industrial automation and control systems market generated a revenue of USD 3,225.8 million in 2023 and is expected to reach USD 4,332.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.3% 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.
Industrial automation and control systems market data book summary
| Market revenue in 2023 | USD 3,225.8 million |
| Market revenue in 2030 | USD 4,332.3 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Dcs |
| Fastest growing segment | SCADA |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 1.7% of the global industrial automation and control systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil industrial automation and control systems market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 5,713.1 million by 2030.
Dcs was the largest segment with a revenue share of 33.78% in 2023. Horizon Databook has segmented the Mexico industrial automation and control systems market based on dcs, plc, scada covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is expected to grow over the forecast period from 2023 to 2030. Factors such as on-site training, connected and sustainable infrastructure, smart factories, and amenities for workforce are expected to drive adoption of automated process enabled via, IoT, VR & AR, additive manufacturing, and industrial robotics and provide lucrative opportunities for industrial automation and control systems market across the region.
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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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Mexico industrial automation and control systems market size, by control system, 2018-2030 (US$M)
Mexico Industrial Automation And Control Systems Market Outlook Share, 2023 & 2030 (US$M)
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