Global Automation Control Components and Devices Market to Reach USD 133.09 Billion by 2030 | CAGR of 10.89%
Category : Semiconductor And Electronics | Published Date : Nov 2024 | Type : Press Release
Automation Control Components and Devices Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Automation Control Components and Devices Market size was valued at USD 59.62 Billion in 2022 and is projected to reach USD 133.09 Billion by 2030, growing at a CAGR of 10.89% from 2023 to 2030. Automation control components and devices consist of relays, connectors, switches, and encoders, among others, that are used in industrial processes to enhance productivity and reduce human intervention. These components are critical in various industries such as automotive, energy and power, and manufacturing, contributing to process automation and optimization.
The report comprises the Automation Control Components and Devices Market Share, Size & Industry Analysis, By Type (Relays/Couplers, Connectors, Switches, Encoders/Potentiometers), By End-Use (Automotive, Mining and Metals, Energy and Power, Manufacturing, Electronics and Semiconductor, Aerospace and Defense, Oil and Gas, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Automation Control Components and Devices Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand for industrial automation and rising adoption of Industry 4.0 technologies are key drivers of market growth, while high initial costs of automation systems present restraints.
Segmental Analysis :
Based on type, the market is segmented into relays/couplers, connectors, switches, and encoders/potentiometers.
- Switches accounted for the largest share in 2022 at 38.6%, driven by their extensive use in industrial automation and manufacturing environments for controlling electrical circuits.
- Encoders are projected to register the fastest growth rate during the forecast period, attributed to their increasing application in precise motion control systems across manufacturing and CNC machinery.
Based on end-use, the market includes automotive, mining and metals, energy and power, manufacturing, electronics and semiconductor, aerospace and defense, oil and gas, and others.
- Manufacturing held the largest share in 2022, benefiting from increased automation in production processes to enhance efficiency and reduce errors.
- Automotive is expected to grow at the fastest CAGR, driven by the growing demand for electric and hybrid vehicles, which require advanced automation systems for production efficiency.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America led the market in 2022, driven by its advanced manufacturing sector and adoption of technologies such as IIoT and 5G.
- Asia-Pacific is expected to grow at the highest CAGR of 11.2%, fueled by rapid industrialization and the expansion of manufacturing capacity in countries like China and India.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 133.09 Billion |
| CAGR (2023-2030) | 10.89% |
| By Type | Relays/Couplers, Connectors, Switches, Encoders/Potentiometers |
| By End User | Automotive, Mining and Metals, Energy and Power, Manufacturing, Electronics and Semiconductor, Aerospace and Defense, Oil and Gas, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Automation Control Components and Devices Industry:
- Delta Electronics, Inc.
- Rockwell Automation, Inc.
- Emerson Electric Co.
- ABB Limited
- Panasonic Corporation
- Control Components
- OMRON Corporation
- Baumer Limited
- Schneider Electric
- Encoder Products Company
- PHOENIX
- AMETEK, Inc.
- LUTZE Inc.
- General Electric
- Teledyne Technologies Incorporated
- MKS Instruments
- Honeywell International Inc.
- Siemens
- Mitsubishi Electric Corporation
Recent Industry Developments :
- In September 2022, ISOCOM Limited launched latching solid-state relays capable of switching up to 60 amps, enhancing automation control in high-current applications.
- In May 2021, Toshiba launched a new photovoltaic output photocoupler for isolated solid-state relays, boosting automation reliability in industrial settings.
