Market Size of Asia Pacific Factory Automation and Industrial Controls Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.87 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Factory Automation and Industrial Controls Market Analysis
The Asia Pacific Factory Automation and Industrial Controls Market is expected to register a CAGR of approximately 10.87% during the forecast period (2021 - 2026). The COVID-19 pandemic had impacted the construction and development of new manufacturing units and plants in the region related to the market. However, the same is expected to resume operation and further contribute to the market. For instance, ABB's industrial robotics factory in Shanghai resumed construction work in March 2020 and is expected to be operational in 2021.
- Moreover, with China being one of the worst-hit countries in the COVID 19 outbreak, the pandemic has also highlighted the need for factory automation to replace labor to deal with a skilled labor shortage and avoid disruption in the workflow due to the unprecedented nature of the situation. According to ABB, 81% of companies amongst 1,900 construction firms based in China, the United States, and Europe surveyed are likely to adopt industrial robots.
- Furthermore, the Asia-Pacific factory automation and industrial control systems market is primarily driven by the increased focus on enhancing process efficiencies and reducing the cost of production across various industry verticals. Manufacturing serves as a significant industry in Asia-Pacific and China's economy being a significant contributor is undergoing a rapid transformation as labor costs have risen and the conventional model of migrant workers has lost the sustainability. Such trends have pushed the economy to adopt automation as a part of their manufacturing processes.
- Moreover, the communications support for automated processes have facilitated easier adoption among the manufacturers. Sensor components, faster networks, quality diagnostic software, and flexible interfaces with high levels of reliability and secured hierarchical access, along with error-correction options have added productivity, continued quality deliveries, and minimized the cost of manufacturing in the region.
- For instance, the collaboration between Mitsubishi Electric and Intel on the next-generation factory automation system for Intel's manufacturing facility in Malaysia; This has enabled field data generation from semiconductor manufacturing lines to be analyzed for improving operational performance and contribute to energy savings, thereby, cost savings toward a sustainable society.
- With IoT at the center of new technological approaches for development, production, and the entire logistics chain, otherwise known as smart factory automation, has further driven the adoption of industrial automation in the region. For instance, the Japanese government approved a plan known as the 'Rebirth of Japan,' which outlines the route towards strengthening the manufacturing sector further by targeting the development of USD 1.3 trillion. It is expected that, by 2023, companies in the industrial sector could grow revenues by as much as USD 490 billion as a result of Industry 4.0.
APAC Factory Automation and Industrial Controls Industry Segmentation
The syndicated study on factory automation and industrial controls (or industrial automation) includes both process and discrete automation. The scope is comprehensive and is limited to Asia Pacific.
| By Type | ||||||||||
| ||||||||||
|
| By End-user Industry | |
| Oil and Gas | |
| Chemical and Petrochemical | |
| Power and Utilities | |
| Food and Beverages | |
| Automotive | |
| Pharmaceutical | |
| Other End-user Industries |
| By Country | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia pacific |
Asia Pacific Factory Automation and Industrial Controls Market Size Summary
The Asia Pacific industrial controls and factory automation market is experiencing significant growth, driven by the increasing need for process efficiency and cost reduction across various industries. The region, particularly China, is at the forefront of this transformation, with a strong focus on adopting automation to address labor shortages and rising costs. The COVID-19 pandemic has accelerated this trend, highlighting the importance of automation in maintaining operational continuity. The integration of advanced technologies such as IoT and smart factory solutions is further propelling the market, enabling manufacturers to enhance productivity and achieve sustainable operations. Collaborations between major companies, like Mitsubishi Electric and Intel, are also contributing to the development of next-generation automation systems, underscoring the region's commitment to advancing industrial capabilities.
The automotive sector is a key player in the region's automated manufacturing landscape, with companies like Hyundai Motors and DENSO leading initiatives to enhance production efficiency through automation and IoT integration. The decline in China's working-age population is prompting a shift towards automation, with industrial robots and control systems becoming increasingly prevalent. Despite the vast manufacturing base, the adoption of automation technologies in China presents a significant opportunity for growth. The competitive landscape is marked by strategic partnerships and investments, as seen with Youibot and Singapore Telecommunications, aiming to develop innovative solutions for smart manufacturing. This dynamic environment is poised to drive the Asia Pacific industrial controls and factory automation market forward, positioning the region as a global leader in industrial innovation.
Asia Pacific Factory Automation and Industrial Controls Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Market Overview
-
1.2 Industry Value Chain Analysis
-
1.3 Industry Attractiveness - Porter's Five Forces Analysis
-
1.3.1 Bargaining Power of Suppliers
-
1.3.2 Bargaining Power of Consumers
-
1.3.3 Threat of New Entrants
-
1.3.4 Threat of Substitutes
-
1.3.5 Intensity of Competitive Rivalry
-
-
1.4 Assessment of Impact of COVID-19 on the Industry
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Industrial Control Systems
-
2.1.1.1 Distributed Control System (DCS)
-
2.1.1.2 PLC (Programmable Logic Controller)
-
2.1.1.3 Supervisory Control and Data Acquisition (SCADA)
-
2.1.1.4 Product Lifecycle Management (PLM)
-
2.1.1.5 Human Machine Interface (HMI)
-
2.1.1.6 Manufacturing Execution System (MES)
-
2.1.1.7 Enterprise Resource Planning (ERP)
-
2.1.1.8 Other Industrial Control Systems
-
-
2.1.2 Field Devices
-
2.1.2.1 Machine Vision Systems
-
2.1.2.2 Robotics (Industrial)
-
2.1.2.3 Sensors and Transmitters
-
2.1.2.4 Motors and Drives
-
2.1.2.5 Other Field Devices
-
-
-
2.2 By End-user Industry
-
2.2.1 Oil and Gas
-
2.2.2 Chemical and Petrochemical
-
2.2.3 Power and Utilities
-
2.2.4 Food and Beverages
-
2.2.5 Automotive
-
2.2.6 Pharmaceutical
-
2.2.7 Other End-user Industries
-
-
2.3 By Country
-
2.3.1 China
-
2.3.2 India
-
2.3.3 Japan
-
2.3.4 South Korea
-
2.3.5 Rest of Asia pacific
-
-
Asia Pacific Factory Automation and Industrial Controls Market Size FAQs
What is the current Asia Pacific Factory Automation and Industrial Controls Market size?
The Asia Pacific Factory Automation and Industrial Controls Market is projected to register a CAGR of 10.87% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Factory Automation and Industrial Controls Market?
ABB Limited, Siemens AG , Schneider Electric SE , Yokogawa Electric Corporation and Rockwell Automation Inc. are the major companies operating in the Asia Pacific Factory Automation and Industrial Controls Market.
