Market Overview:
The global electric automation market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the electric automation market can be attributed to the increasing demand for industrial and agricultural applications, and the rising need for energy-efficient systems across different industries. The electric automation market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into equipment, software, and service. The equipment segment dominates the global electric automation market with a share of more than 60%. This can be attributed to factors such as technological advancements in electrical equipment coupled with rising demand from various end-use industries.
Product Definition:
The term electric automation refers to the use of electrical equipment and controls to operate industrial or commercial processes. Electric automation can improve safety, quality, and efficiency while reducing costs.
Equipment:
Equipment is used in electric automation for carrying out various operations such as measurement of voltage, current and resistance. It also helps to convert the electrical energy into useful forms for consumers. The equipment market includes products such as switches, fuses, circuit breakers and other related components which are used in electric power plants to automate the processes carried out by humans.
The global equipment market size was valued at USD 85 billion in 2016.
Software and Service:
Software and service are the two key elements of electric automation market. Software is used to design, simulate and analyze the system whereas services include installation & integration as well as maintenance services.
Software is widely used in designing, simulating and analyzing various types of electric systems such as distribution feeder, substation automation etc.
Application Insights:
The industrial segment dominated the global electric automation market in 2017 and is expected to continue its dominance over the forecast period. The industrial applications of electric automation include material handling, process control, packaging, palletizing & labeling systems among others. Material handling is one of the major application areas for electric automated solutions as it involves a high level of precision and complex processes that need to be carried out repetitively with accuracy at a higher speed. Electric automated solutions help reduce manual errors while increasing production rates which eventually leads to increased productivity for manufacturers across various industries worldwide.
Agriculture was another prominent segment that accounted for a significant market share in 2017 owing to rising demand from agricultural machinery manufacturers worldwide for advanced technology products and services supporting their equipment needs ranging from safety & security systems through tillage management systems integrated with crop sensors and soil moisture sensors among others.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its lead over the forecast period owing to early adoption of electric equipment and software solutions. Moreover, increasing demand for automation across various industrial sectors such as oil & gas, manufacturing, and others is anticipated to drive regional growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to rising investments by prominent players in this region. For instance, Siemens has established a new office in China with an aim towards strengthening its position in energy management and automation industry segments within China’s vast industrial sector including petrochemical plants and power generation facilities among others.
Growth Factors:
- Increasing demand for electric vehicles
- Rising awareness about the benefits of electric automation
- Growing number of industrial and commercial establishments opting for electric automation
- Proliferation of internet-of-things (IoT) and big data analytics in manufacturing sector
- Government initiatives encouraging adoption of electric automation
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Automation Market Research Report
By Type
Equipment, Software and Service
By Application
Industrial, Agriculture, Aerospace & Defense, Others
By Companies
Emerson, Honeywell, Siemens, GE, Mitsubishi, Omron, ABB, Rockwell Automation, Schneider Electric, Yokogawa Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Electric Automation Market Report Segments:
The global Electric Automation market is segmented on the basis of:
Types
Equipment, Software and Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Agriculture, Aerospace & Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emerson
- Honeywell
- Siemens
- GE
- Mitsubishi
- Omron
- ABB
- Rockwell Automation
- Schneider Electric
- Yokogawa Electric
Highlights of The Electric Automation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Equipment
- Software and Service
- By Application:
- Industrial
- Agriculture
- Aerospace & Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Automation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric automation is a technology that uses electric motors to control the movement of machines and equipment. It can be used in manufacturing, transportation, construction, and other industrial settings. Electric automation can improve efficiency and safety by reducing the need for human intervention.
Some of the major players in the electric automation market are Emerson, Honeywell, Siemens, GE, Mitsubishi, Omron, ABB, Rockwell Automation, Schneider Electric, Yokogawa Electric.
The electric automation market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Automation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Automation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Automation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Automation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Automation Market Size & Forecast, 2018-2028
4.5.1 Electric Automation Market Size and Y-o-Y Growth
4.5.2 Electric Automation Market Absolute $ Opportunity
Chapter 5 Global Electric Automation Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Automation Market Size Forecast by Type
5.2.1 Equipment
5.2.2 Software and Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Automation Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Automation Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Agriculture
6.2.3 Aerospace & Defense
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Automation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Automation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Automation Analysis and Forecast
9.1 Introduction
9.2 North America Electric Automation Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Automation Market Size Forecast by Type
9.6.1 Equipment
9.6.2 Software and Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Automation Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Agriculture
9.10.3 Aerospace & Defense
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Automation Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Automation Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Automation Market Size Forecast by Type
10.6.1 Equipment
10.6.2 Software and Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Automation Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Agriculture
10.10.3 Aerospace & Defense
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Automation Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Automation Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Automation Market Size Forecast by Type
11.6.1 Equipment
11.6.2 Software and Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Automation Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Agriculture
11.10.3 Aerospace & Defense
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Automation Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Automation Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Automation Market Size Forecast by Type
12.6.1 Equipment
12.6.2 Software and Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Automation Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Agriculture
12.10.3 Aerospace & Defense
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Automation Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Automation Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Automation Market Size Forecast by Type
13.6.1 Equipment
13.6.2 Software and Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Automation Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Agriculture
13.10.3 Aerospace & Defense
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Automation Market: Competitive Dashboard
14.2 Global Electric Automation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson
14.3.2 Honeywell
14.3.3 Siemens
14.3.4 GE
14.3.5 Mitsubishi
14.3.6 Omron
14.3.7 ABB
14.3.8 Rockwell Automation
14.3.9 Schneider Electric
14.3.10 Yokogawa Electric
