Industrial Automation and Control Market Insights Video
According to Cognitive Market Research, the global Industrial Automation and Control market size is USD 152484.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 60993.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 45745.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 35071.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 7624.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3049.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Programmable Logic Control Systems (PLC) held the highest Industrial Automation and Control market revenue share in 2024.
