USD 6.24 billion
Report ID:
SQMIR20I2265 |
Region:
Regional |
Published Date: March, 2024
Pages:
202
|Tables:
62
|Figures:
67
South East Asia Industrial Automation and Process Control Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 10.80% during the forecast period (2025-2032).
Industrial automation is the integration of technology and automatic control devices to achieve automatic operation and control of multiple industrial processes without the aid of human intervention to achieve performance superior to manual controls. Automation primarily refers to the development and application of technology to monitor and control the production and delivery of products and services. The growth of the industrial automation and process control market in Southeast Asia is mainly driven by favourable government initiatives to encourage the adoption of automation systems in various industrial sectors, increasing investments, and automation from various manufacturing industries driven by factors such as the ever-increasing demand for Innovations in the sector, especially in industrial automation systems and the growing need for mass production with reduced operating costs.
Government initiatives to introduce automation systems in various industrial sectors to improve the skills of employees to cope with technological advances, mainly in the areas of spending on precision movement electromechanical modules and robotic applications. Consistently increasing, increasing adoption of industrial automation and processing Control technology. These lucrative initiatives, along with increased investment, are expected to help organizations modernize and automate manufacturing processes, increase production capacity and capacity, and minimize human intervention in large-scale labour operations. It has been. This trend is expected to continue and boost the overall growth of the industrial automation and process control technology market.
South East Asia Industrial Automation and Process Control Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.24 billion
Largest Segment
Variable speed drives
Fastest Growth
Variable speed drives
Growth Rate
10.80% CAGR
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South East Asia Industrial Automation and Process Control Market is segmented on the basis of product type, distribution channel, region. By Product, the market is sub-segmented into, variable speed drives, general motion controls, programmable logic controllers and Other. By industrial vertical.
South East Asia Industrial Automation and Process Control Market Analysis by Product Type
By product type, Southeast Asia's industrial automation and process control market comprises product life cycle management, distributed control systems, supervisory control and data acquisition systems, variable speed drives, general motion controls, programmable logic controllers, sensors and transmitters, manufacturing execution systems, and flow meters is divided into and machine safety systems, enterprise asset management, human machine interfaces, process safety systems, operator training simulators.
South East Asia Industrial Automation and Process Control Market Analysis by Industrial vertical
By Industrial vertical, the process industry captured the largest market share in terms of revenue. The share of this segment is mainly due to the fact that improved performance and increased productivity are the two biggest factors driving the use of automation in process industries. In addition, automated systems typically perform manufacturing processes with less variability than human workers, resulting in better control and consistency of product quality. For this reason, automation is ubiquitous in the process industry.
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Southeast Asia industrial automation and process control market is segmented into Singapore, Vietnam, Malaysia, Thailand, Indonesia, Philippines, and other countries. Vietnam is currently experiencing significant growth in industrial automation and process control technology across various industries. This growth is primarily driven by increased investment in high tech manufacturing, increased demand for higher quality products, and increased adoption of automation and integrated process control systems. Rising foreign investment and growing adoption of automation in the furniture, food processing, and electronics industries are also contributing to the growth of Vietnam's industrial automation and process control market.
Singapore is by far the most dominant market and is expected to maintain its dominance throughout the forecast period. Singapore's market growth is primarily driven by increasing automation opportunities in the manufacturing sector, due to favourable government initiatives, increasing manufacturing presence of major companies, growing economy, and increasing investment in the country. The country’s large share is attributed to the region's high per capita income, with manufacturing being the major contributor. The rapid emergence of Industry 4.0 and the rapid automation of industrial manufacturing and processing industries, supported by strong government initiatives such as the National Robotics program, also made Singapore the most dominant country in the industrial automation and process control market in Southeast Asia.
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South East Asia Industrial Automation and Process Control Market Drivers
Demand for Lifestyle Management Systems to Bolster Market Growth
South East Asia Industrial Automation and Process Control Market Restraints
High Investment to Hinder Market Growth
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The South East Asia Industrial Automation and Process Control Market is highly fragmented with the presence of several small and large market players operating all over the world. Major companies of the market are implementing several business strategies such as new product launches, acquisition & mergers, collaboration, and partnerships for the expansion of their geographical presence and their product portfolio.
South East Asia Industrial Automation and Process Control Market Top Players Company Profiles
South East Asia Industrial Automation and Process Control Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Intelligent production processes and integrated supply chain requirements continue to require business automation solutions. Industrial plants and devices communicate using different technologies, interfaces, and protocols. Inconsistencies across multiple communication interfaces and protocols can distort data. A lack of technical standardization complicates system integration and limits the use of plug-and-play capabilities to unrelated systems.High capital investment required to install industrial control and factory automation equipment and lack of proficiency in handling these equipment is expected to constrain the growth of the industrial control and factory automation market. However, the emergence of user-friendly and intuitive automation systems and cost-effective ways to deploy industrial control and factory automation systems are expected to provide exciting growth potential for market participants. I'm here.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 6.24 billion |
Market size value in 2030 | USD 15.7 billion |
Growth Rate | 10.80% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the South East Asia Industrial Automation and Process Control Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the South East Asia Industrial Automation and Process Control Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the South East Asia Industrial Automation and Process Control Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the South East Asia Industrial Automation and Process Control Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIR20I2265
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