According to ARC Advisory Group’s new research, the automation expenditure for discrete industries in 2023 surged as suppliers continued to convert large backlogs generated by purchases in 2022 and the improved availability of critical components. After a strong start, demand began to drop in the second half of 2023, especially in China, Japan, and the European Union—a trend that continued into 2024 as manufacturers felt the impact of high interest rates and soaring energy costs. The demand for automation equipment benefited from the trend toward digitalization. The market will continue to grow due to technological advancements, automation, operational efficiency improvements, IoT, and manufacturing expansion in emerging economies. Strong market drivers from the recent years will continue to fuel capital expenditures and provide a positive growth environment throughout the forecast period
"Digitalization has already had a significant impact on industrial operations. Each year, new products and capabilities provide higher value, driving investments in new equipment. Features are incorporated to control production processes more precisely, improve functionalities, reduce energy consumption, expand operational visibility, increase plant safety, and provide contextualized and time-relevant information to improve management and production floor decisions. As a result, automation products and software deployed in the discrete industries are improving product quality and operational efficiency," according to Allen Avery Senior Analyst and key author of ARC's Total Discrete Automation Systems Market Research.
Total Discrete Automation Systems Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Communication Networks
- SaaS and Cloud Adoption
- Cybersecurity and Data Governance
- Focus on Operational Efficiency & Automation
- Safety and Security
- More IO to Gather More Information
- Servitization and SaaS
Leading Suppliers to the Total Discrete Automation Systems Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Mitsubishi Electric, Rockwell Automation, Schneider Electric, and Siemens.
About the Total Discrete Automation Systems Research
The Total Discrete Automation Systems research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and one year of historical analysis. The research segmentation includes World Region, Industry, Product Type.
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