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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 presents the bifurcation of the market into 4 control formulas: DCS, SCADA, PLC and others. The DCS segment had the highest percentage in the market. The adoption of distributed control formulas (DCS) is developing in the Italian business automation market due to its ability to control and monitor complex processes in real time. DCS provides a distributed architecture that allows the integration of various control elements in a production plant. By Component: The report provides a review of the market based on parts: Sensors, Control Valves, HMIs, Commercial Robots, and Others. Sensors held the largest share of the market, while commercial robots are expected to be the fastest developing segment during the forecast period. Demand for business robots in the Italian business automation market is expanding as industries look to automate repetitive and labor-intensive responsibilities. As industries prioritize efficiency, quality, and flexibility in production, the adoption of commercial robots is expected to grow significantly. By Distribution Channel: The report analyzed the business automation market based on the following distribution channel: OEM, distributors, system specialists, and others. Array The OEM channel had the largest market share, while formulators are expected to be the fastest developing channel. forecast period. The expansion of OEMs in the Italian commercial automation market is driven by their critical role in providing end-to-end automation responses. OEMs design and manufacture original equipment, adding parts and automation formulas. As Italian industries seek comprehensive answers tailored to their express needs, OEMs offer custom-designed, built-in automation packages. By application: The report has been analyzed based on the following applications: mechanics, packaging, food, logistics, metallurgy, electronics, ceramics, cement. and bricks, plastic and rubber, wood and others. Mechanical held the highest share of the market and is expected to be the fastest developing segment during the forecast period. Automation technologies optimize machining processes, joining lines and quality control, resulting in increased productivity and reduced production costs. Robotics and CNC formulas are widely used to automate tasks such as welding, milling and assembly, ensuring maximum precision and speed in mechanical production. Market dynamics:
Growth Drivers: The expansion of the Italian commercial automation market is expected to be supported by expansion drivers such as expanding commercial robot installation, expanding hard work load index, expanding industry adoption 4. 0, favorable government incentives and many other factors. The increase in annual installation of commercial robots is particularly contributing to the expansion of the commercial automation market. As industries across various sectors adopt more commercial robots, the market is witnessing a growing demand for robot automation solutions. Industrial robots play a central role in automating production processes, leading to increased efficiency, precision and production capacity. This adoption of improvement is driven by the quest to increase productivity, loading efficiency and the ability to handle complex tasks. Challenges: Market expansion would possibly be negatively affected through various demanding situations such as large initial capital investment, lack of professional hard work, etc. Trends: The market is expected to grow at an immediate speed during the forecast period, owing to various latest trends. such as the expansion of AI-based trading robots, the expansion of the use of blockchain, the expansion of the commercial Internet of Things, robots and labor automation, integration. Virtual dual technology, the evolution of the human-machine interface, etc. The effect of the Industrial Internet of Things (IIoT) on the expansion of the business automation market is profound. IIoT seamlessly integrates smart devices, sensors, and machines, enabling knowledge sharing and real-time connectivity at business speed. This connectivity improves operational visibility, facilitates predictive maintenance and enables knowledge-based decision making. As industries in Italy and around the world adopt Industry 4. 0 principles, the synergies between IIoT and business automation are evident. Competitive landscape:
The players profiled are:
TISSUE
Mitsubishi Electric
Omron
Rockwell Automation
Schneider Electric
Siemens
Honeywell International
General Electric
Stellantis
Roberto Bosch
Yokogawa Electricity
Festus
Italy has a varied business landscape with a multitude of corporations offering various answers and automation installations in other sectors. These corporations offer a wide diversity of automation answers, from systems to robotics, for various industries. The market is characterized by technological innovation, strategic partnerships, and focus on delivering effective and complex automation responses to meet ever-changing business needs.
Key Topics Covered: 1. Executive Summary2. Introduction2.1 Industrial Automation: An Overview2.2 Industrial Automation Segmentation: An Overview3. Italian Market Analysis3.1 Italian Industrial Automation Market: An Analysis3.2 Italian Industrial Automation Market: Control System Analysis3.3 Italian Industrial Automation Market: Component Analysis3.4 Italian Industrial Automation Market: Distribution Channel Analysis3.5 Italian Industrial Automation Market: Application Analysis4. Impact of COVID-195. Market Dynamics5.1 Growth Drivers5.1.1 Rising Installation of Industrial Robots5.1.2 Increasing Labor Cost Index5.1.3 Growing Gross Domestic Product5.1.4 Increasing Adoption of Industry 4.05.1.5 Advent of 5G Subscription5.1.6 Favorable Government Incentives5.1.7 Increasing Demand for Efficiency and Productivity5.2 Challenges5.2.1 High Initial Capital Investment5.2.2 Lack of Skilled Labor Force5.2.3 Data Security Concern5.3 Market Trends5.3.1 Growing Impact of AI-driven Industrial Robotics5.3.2 Growing Use of Blockchain for Supply Chain Management5.3.3 Growing Industrial Internet of Things5.3.4 Robotics and Collaborative Automation5.3.5 Integration of Digital Twin Technology5.3.6 Integration 0f Edge and Cloud Computing5.3.7 Increasing Emphasis on Cybersecurity5.3.8 Human Machine Interface Evolution5.3.9 Increasing Demand for Sustainable and Clean Energy Solutions6. Competitive Landscape
For more data on this report, https://www. researchandmarkets. com/r/so2yun
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SOURCE Research & Markets