Discrete Automation Market: Global Industry Analysis and Forecast (2023-2029)

Global Discrete Automation Market size was valued at US$ 6554.9 Mn. in 2022 and the total revenue is expected to grow at 5.4% through 2023 to 2029, reaching nearly US$ 9472.27 Mn.
Global Discrete Automation Market Overview:
Discrete automation is essentially focused on the assembly of high-quality engineering components (also known as sub-components) into much more effective and delicate end products. In discrete production settings, such as "high-touch" labour situations, materials are frequently transported physically. This technology aids in the administration of numerous production processes and operations, resulting in high-quality production management.
Discrete Automation Market Snapshot
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Global Discrete Automation Market Dynamics:
Market growth is estimated to be driven by a growing emphasis on increased efficiency and energy savings. Discrete automation provides a control platform for enhancing productivity, improving ease-of-use, and lowering costs, all of which are intended to increase economic growth.

The growing population, combined with urbanization, is putting a pressure on infrastructure, which is expected to provide attractive development possibilities for the discrete automation market over the forecast period. This automation is used in a variety of sectors, such as pharmaceutical drugs, chemical products, mining, and pulp management, to name a few.

Promote effective from the renewables industry, along with large expenditures in facilities for sectors such as water and wastewater, oil and gas, and electricity, are expected to drive industry growth throughout the forecast period. Various government efforts throughout the world promoting the use of energy-efficient technologies are expected to enhance industrial demand over the forecast period.

However, the high cost of maintenance is expected to hamper the growth of the discrete automation market.
Global Discrete Automation Market Segment Analysis:
Based on the Type, the global Discrete Automation market is segmented into Programmable Logic Controllers (PLC), Manufacturing Execution System (MES), Distributed Control System (DCS), and Product Lifecycle Management (PLM). The distributed control system (DCS) segment is expected to hold the largest market share of xx% by 2029. DCS systems aid in increasing power generating speed while reducing human mistakes that occur throughout the operation. Market growth from food processing sectors is expected to increase demand for DCS solutions. For centrally regulating manufacturing processes, MES acts as a bridge between organizational resource management and assembly code operations. It is also used to assess report status and availability, as well as collect comprehensive execution data including process parameters, manpower, and resource consumption. PLM in companies involves the systematic data management linked to manufacturing supports, design, and final disposal in product creation.
Discrete Automation Market, by Type in 2022(%)
Based on the Application, the global market is segmented into Automotive, Packaging, Textile, and Aerospace & Defence. The automotive segment held the largest market share of xx% in the global Discrete Automation market in 2020. Because of the increasing need for automotive light weighted cars, especially in developing nations such as India and China, the automotive sector provides a plethora of prospects for the discrete automation market. So, this major benefit will drive the expansion of the control valves segment in the global market during the forecast period 2023-2029.
Global Discrete Automation Market Regional Insights:
North America dominates the global market during the forecast period 2023-2029. North America is expected to grow at a higher CAGR of xx% in the global  market during the forecast period 2023-2029. In the United States, new industrial strategy, which was just announced, will encourage more investment in the automation sector and increase market growth in the region.

With the fast growth of the textile sector, Asia-Pacific provides numerous growth possibilities for discrete automation in its most growing countries such as India, China, Indonesia, and South Korea. Major textile producers are present in emerging economies such as India and China. The abundance of raw materials such as silk, wool, cotton, and jute in India, along with the strategic edge of cost-effectiveness in skilled labour and manufacturing costs, has enhanced the textile sector. One of the major factors driving textile output is government measures supporting the expansion of the textile sector and accompanying exports.

The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Market dynamic, structure by analyzing the market segments and project the global  Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global  Market make the report investor’s guide.
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Global Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 6554.96 Mn.


Forecast Period 2023 to 2029 CAGR:
5.4%
Market Size in 2029:
US $ 9472.27 Mn.


 Segments Covered:
by Type
Programmable Logic Controllers(PLC)
Manufacturing Execution System(MES)
Distributed Control System(DCS)
Product Lifecycle Management(PLM)


by Application
Automotive
Packaging
Textile
Aerospace & Defense



Global Discrete Automation Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Global Discrete Automation Market, Key Players are
1. Honeywell
2. ABB
3. Siemens
4.Rockwell
5. Mitsubishi
6. GE
7. Emerson
8. Schneider
9. Yokogawa
10. Extreme Control Engineering
11. Cisco
12. Cooper Industries
13. Eaton
14. Invensys
Frequently Asked Questions:
1] What segments are covered in Discrete Automation Market report?
Ans. The segments covered in Market report are based on Type and Application.

2] Which region is expected to hold the highest share in the global Discrete Automation Market?
Ans. North America is expected to hold the highest share in the global Discrete Automation Market.

3] What is the market size of global Discrete Automation Market by 2029?
Ans. The market size of global Discrete Automation Market by 2029 is US $ 9472.2 Mn.

4] Who are the top key players in the global Discrete Automation Market?
Ans. Parker, Honeywell, ABB, Siemens, Rockwell, and Mitsubishi are top key players in the global Discrete Automation Market.

5] What was the market size of global Discrete Automation Market in 2022?
Ans. The market size of global Market in 2022 was US $ 6554.96 Mn.