Report ID: SQMIR20I2265
Report ID:
SQMIR20I2265 |
Region:
Regional |
Published Date: March, 2024
Pages:
202
|
Tables:
62 |
Figures:
67
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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Report ID: SQMIR20I2265