DUBLIN, Jan. 12, 2024 /PRNewswire/ — The “Italian Industrial Automation Market: Analysis By Control System, By Component, By Distribution Channel, By Application Size and Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
The Italian industrial automation market was valued at US$7.37 billion in 2022. The market value is expected to reach US$13.46 billion by 2028 and forecast to grow at a CAGR of approx. 11% during the forecasted period of 2023-2028.
Market Segmentation Analysis:
By Control System: The report provides the bifurcation of the market into four control systems: DCS, SCADA, PLC, and Others. DCS segment held the highest share of the market. The adoption of Distributed Control Systems (DCS) is growing in the Italian industrial automation market due to their ability to efficiently control and monitor complex processes in real-time. DCS provides a distributed architecture, allowing for the integration of various control elements across a manufacturing plant.
By Component: The report provides a glimpse of the market based on component: Sensors, Control Valves, HMI, Industrial Robots, and Others. Sensors held the highest share in the market, whereas Industrial Robots is expected to be the fastest growing segment in the forecasted period. The demand for industrial robots in the Italian industrial automation market is escalating as industries seek to automate repetitive and labor-intensive tasks. As industries prioritize efficiency, quality, and flexibility in production, the adoption of industrial robots is expected to grow significantly.
By Distribution Channel: The report analyzed the industrial automation market based on the following distribution channel: OEMs, Distributors, System Specialists, and Others. OEMs channel held the highest share in the market, whereas system specialists is expected to be the fastest-growing channel in the forecasted period. The growth of OEMs in the Italian industrial automation market is driven by their integral role in providing end-to-end automation solutions. OEMs design and manufacture the original equipment, including automation components and systems. As industries in Italy seek comprehensive solutions tailored to their specific needs, OEMs offer customized and integrated automation packages.
By Application: The report has been analysed based on the following applications: Mechanics, Packaging, Food, Logistics, Metallurgy, Electronics, Ceramic, Cement & Bricks, Plastic & Rubber, Wood, and Others. Mechanics held the highest share in the market and is expected to be the fastest growing segment in the forecasted period. Automation technologies optimize machining processes, assembly lines, and quality control, resulting in improved productivity and reduced production costs. Robotics and CNC systems are extensively used to automate tasks like welding, milling, and assembly, ensuring high precision and speed in mechanical production.
Growth Drivers: The Italian industrial automation market growth is predicted to be supported by numerous growth drivers such as rising installation of industrial robots, increasing labor cost index, increasing adoption of industry 4.0, favorable government incentives, and many other factors. The increase in the annual installation of industrial robots significantly contributes to the growth of the industrial automation market. As industries across various sectors adopt more industrial robots, the market experiences a surge in demand for robotic automation solutions. Industrial robots play a pivotal role in automating manufacturing processes, leading to improved efficiency, precision, and production capacity. This heightened adoption is driven by the pursuit of increased productivity, cost-effectiveness, and the ability to handle complex tasks.
Challenges: Market growth can be negatively impacted by various challenges such as high initial capital investment, lack of skilled labor force, etc.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as growing impact of AI-driven industrial robotics, growing use of blockchain, growing industrial internet of things, robotics and collaborative automation, integration of digital twin technology, human machine interface evolution, etc. The impact of the Industrial Internet of Things (IIoT) on the growth of the industrial automation market is profound. IIoT seamlessly integrates smart devices, sensors, and machinery, fostering real-time data exchange and connectivity on the industrial floor. This connectivity enhances operational visibility, facilitates predictive maintenance, and enables data-driven decision-making. As industries in Italy and globally embrace Industry 4.0 principles, the synergies between IIoT and industrial automation are evident.
The key players profiled are:
- Mitsubishi Electric
- Rockwell Automation
- Schneider Electric
- Honeywell International
- General Electric
- Robert Bosch
- Yokogawa Electric
Italy has a diverse industrial landscape with a multitude of companies providing various automation solutions and services across different sectors. These companies offer a wide range of automation solutions, from control systems to robotics, catering to various industries. The market is characterized by technological innovation, strategic partnerships, and a focus on delivering efficient and advanced automation solutions to meet evolving industrial needs.
Key Topics Covered:
1. Executive Summary
2.1 Industrial Automation: An Overview
2.2 Industrial Automation Segmentation: An Overview
3. Italian Market Analysis
3.1 Italian Industrial Automation Market: An Analysis
3.2 Italian Industrial Automation Market: Control System Analysis
3.3 Italian Industrial Automation Market: Component Analysis
3.4 Italian Industrial Automation Market: Distribution Channel Analysis
3.5 Italian Industrial Automation Market: Application Analysis
4. Impact of COVID-19
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Installation of Industrial Robots
5.1.2 Increasing Labor Cost Index
5.1.3 Growing Gross Domestic Product
5.1.4 Increasing Adoption of Industry 4.0
5.1.5 Advent of 5G Subscription
5.1.6 Favorable Government Incentives
5.1.7 Increasing Demand for Efficiency and Productivity
5.2.1 High Initial Capital Investment
5.2.2 Lack of Skilled Labor Force
5.2.3 Data Security Concern
5.3 Market Trends
5.3.1 Growing Impact of AI-driven Industrial Robotics
5.3.2 Growing Use of Blockchain for Supply Chain Management
5.3.3 Growing Industrial Internet of Things
5.3.4 Robotics and Collaborative Automation
5.3.5 Integration of Digital Twin Technology
5.3.6 Integration 0f Edge and Cloud Computing
5.3.7 Increasing Emphasis on Cybersecurity
5.3.8 Human Machine Interface Evolution
5.3.9 Increasing Demand for Sustainable and Clean Energy Solutions
6. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/so2yun
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Originally published at https://www.prnewswire.com/news-releases/italian-industrial-automation-market-analysis-and-forecast-to-2028—-a-13-46-billion-market-by-2028–influenced-by-ai-and-iiot-trends-302033491.html