North America Industrial Automation Market to Grow at a CAGR of 7.3% to reach US$ 59.15 billion from 2021 to 2028
The North America industrial automation market is expected to reach US$ 59.15 billion by 2028 from US$ 36.14 billion in 2021; it is expected to grow at a CAGR of 7.3% from 2021 to 2028.
Automation in the food & beverage industry refers to strategic integrations of technologies across various production processes, such as inspection, packaging, and storage. Over the years, food & beverage companies have optimized different production processes by deploying automated systems, such as delta robots, automated guided vehicles, and robotic arms, to be in line with various food safety & quality standards rolled out by regulatory bodies and to reduce overall labor cost across production sites.
The packaging of food products and beverages requires high accuracy, and it is a repetitive process, which becomes challenging for humans. This factor boosts the adoption of robotic technologies for primary and secondary packaging and palletizing, among other processes. The consequent rise in investments in the automation food & beverage production plants is fueling the growth of the industrial automation market in North America.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America industrial automation market at a good CAGR during the forecast period.
North America Industrial Automation Market Revenue and Forecast to 2028 (US$ Billion)
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
North America Industrial Automation Market Segmentation
The North America industrial automation market is segmented on the basis of component, system, and end user. Based on component, the market is segmented into hardware and software. Based on system, the North America industrial automation market is segmented into supervisory control and data acquisition, distributed control system, programmable logic control, and others. Based on end user, the market is segmented into oil & gas, automotive, food & beverages, chemicals & materials, aerospace & defense, and others. The North America industrial automation market, by country, is segmented into the US, Canada, and Mexico.
Major Companies in North America Industrial Automation Market
ABB Ltd; Hitachi, Ltd.; Mitsubishi Electric Corporation; OMRON Corporation; Rockwell Automation, Inc.; Siemens; Yokogawa Electric Corporation; Koyo Electronic Industries Co., Ltd.; and Emerson Electric Co. are among the leading companies in the North America industrial automation market.
North America Industrial Automation Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 36.14 Billion |
| Market Size by 2028 | US$ 59.15 Billion |
| Global CAGR (2021 - 2028) | 7.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
- ABB Ltd
- Hitachi, Ltd.
- Mitsubishi Electric Corporation
- OMRON Corporation
- Rockwell Automation, Inc.
- Siemens
- Yokogawa Electric Corporation
- Koyo Electronic Industries Co., Ltd.
- Emerson Electric Co.
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