Latin America Factory Automation & Industrial Control Market
Latin America Factory Automation & Industrial Control Market
Segments - Latin America Factory Automation and Industrial Controls Market by Types (Industrial Control Systems and Field Devices), End-user Industry (Oil and Gas, Chemical and Petrochemical, Power and Utilities, Food and Beverages, and Automotive), and Country (Brazil, Argentina, Mexico, and Rest of Latin America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :ICT-SE-1909
| 4.1 Rating
| 53 Reviews
| 192 Pages
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Report Description
The latin america factory automation and industrial controls market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 8.5% during the forecast period, 2023–2031. The growth of the market is attributed to achieving the goal of zero waste generation.
The mix of digital and physical parts of production has always revolutionized the automation market, with the primary goal of offering maximum performance.
In addition, the region is seeing massive investments in transportation networks, agricultural produce businesses, and chemical industries, all of which have created significant prospects for establishing industrial control systems and enhancing industry productivity.
Sunnen Products Company increased its worldwide manufacturing presence in August 2019 by constructing a factory in Monterrey, Mexico. This will add to the company's existing operations in the United States, China, Switzerland, and Brazil.
The COVID-19 epidemic has wreaked havoc on the global economy, affecting small, medium, and big businesses equally. Adding to the problems, country-by-country lockdowns imposed by governments throughout the world to stem the spread of the virus have harmed the market.
According to Trading Economics, the manufacturing sector's GDP in Brazil was BRL 30,267.163 million in December 2019. Manufacturing GDP, on the other hand, fell to BRL 24,072.83 million in the second quarter of 2020 from BRL 27,686.97 million in the first. This drop-in manufacturing might be attributed to the current COVID-19 outbreak.
Latin America Factory Automation and Industrial Controls Market Trends, Drivers, Restraints, and Opportunities
- Growing need for automation solutions for the manufacturing industry is projected to fuel market growth in the coming years.
- Rising concerns owing to zero waste production and fast time to market is expected to boost the market expansion during the forecast period.
- Surge in R&D investments and technological advancements are expected to create opportunities for the market players.
Scope of Latin America Factory Automation and Industrial Controls Market Report
The report on the Latin America factory automation and industrial controls market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Factory Automation and Industrial Controls Market - Latin America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Industrial Control Systems and Field Devices) and End-user Industry (Oil and Gas, Chemical and Petrochemical, Power and Utilities, Food and Beverages, and Automotive) |
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Country Scope |
Brazil, Argentina, Mexico, and Rest of Latin America |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
ABB Limited, Siemens AG, Schneider Electric SE, Honeywell International Inc., and Rockwell Automation Inc. |
Latin America Factory Automation and Industrial Controls Market Segment Insights
Type Segment Analysis
On the basis of types, the Latin America factory automation and industrial controls market is bifurcated into industrial control systems and field devices. The industrial control systems segment is expected to account for a key share of the market during the forecast period due to the growing advancement in AI and machine learning.
Data transfer between a central host system and a number of remote terminal units (RTUs), PLCs, and operator terminals is enabled by Supervisory Control and Data Acquisition (SCADA) - Industrial Control Systems. Furthermore, SCADA systems are critical for industrial operations since they assist companies in meeting current needs.
End-User Industry Segment Analysis
In terms of end-user industry, the Latin America factory automation and industrial controls market is segregated into oil and gas, chemical and petrochemical, power and utilities, food and beverages, and automotive. The chemical and petrochemical segment is expected to account for a key share of the market in the coming years owing to the opening up of a lot of possibilities for building industrial control systems and enhancing industry output.
Country Analysis
Based on country, the Latin America factory automation and industrial controls market is categorized as Brazil, Argentina, Mexico, and Rest of Latin America. The market in Brazil is anticipated to expand at a high CAGR during the forecast period. The growth of the market in these regions is attributed to a number of protectionist regulations that prevent US products from entering the market.
Furthermore, to assist the growth of domestic automation and industrial control enterprises, tariffs are imposed on many imported foreign-manufactured automation goods. As a result, more foreign corporate factories are established in the nation to meet product demand. Conversely, the market of Mexico is expected to expand at a rapid CAGR during the forecast period owing to the increasing adoption of automation technology.
Segments
The Latin America factory automation and industrial controls market has been segmented on the basis of
Types
- Industrial Control Systems
- Field Devices
End-user Industry
- Oil and Gas
- Chemical and Petrochemical
- Power and Utilities
- Food and Beverages
- Automotive
Country
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Key Players
- ABB Limited
- Siemens AG
- Schneider Electric SE
- Honeywell International Inc.
- Rockwell Automation Inc.
Competitive Landscape
Key players competing in the Latin America factory automation and industrial controls market include ABB Limited, Siemens AG, Schneider Electric SE, Honeywell International Inc., and Rockwell Automation Inc. In 2019, Siemens debuted new SCADA solutions that demonstrated the integration of developing technology. Rockwell Automation Inc. and PTC announced Factory Insights as a Service, a turnkey cloud solution that enables manufacturers to achieve exceptional impact, speed, and scalability with their digital transformation activities, in June 2020.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Factory Automation and Industrial Controls Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Factory Automation and Industrial Controls Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Factory Automation and Industrial Controls Market - Supply Chain
4.5. Global Factory Automation and Industrial Controls Market Forecast
4.5.1. Factory Automation and Industrial Controls Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Factory Automation and Industrial Controls Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Factory Automation and Industrial Controls Market Absolute $ Opportunity
5. Global Factory Automation and Industrial Controls Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Factory Automation and Industrial Controls Market Size and Volume Forecast by Types
5.3.1. Industrial Control Systems
5.3.2. Field Devices
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Factory Automation and Industrial Controls Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Factory Automation and Industrial Controls Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Factory Automation and Industrial Controls Demand Share Forecast, 2019-2026
7. North America Factory Automation and Industrial Controls Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Factory Automation and Industrial Controls Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Factory Automation and Industrial Controls Market Size and Volume Forecast by Types
7.4.1. Industrial Control Systems
7.4.2. Field Devices
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Factory Automation and Industrial Controls Demand Share Forecast, 2019-2026
8. Latin America Factory Automation and Industrial Controls Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Factory Automation and Industrial Controls Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Factory Automation and Industrial Controls Market Size and Volume Forecast by Types
8.4.1. Industrial Control Systems
8.4.2. Field Devices
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Factory Automation and Industrial Controls Demand Share Forecast, 2019-2026
9. Europe Factory Automation and Industrial Controls Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Factory Automation and Industrial Controls Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Factory Automation and Industrial Controls Market Size and Volume Forecast by Types
9.4.1. Industrial Control Systems
9.4.2. Field Devices
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Factory Automation and Industrial Controls Demand Share Forecast, 2019-2026
10. Asia Pacific Factory Automation and Industrial Controls Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Factory Automation and Industrial Controls Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Factory Automation and Industrial Controls Market Size and Volume Forecast by Types
10.4.1. Industrial Control Systems
10.4.2. Field Devices
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Factory Automation and Industrial Controls Demand Share Forecast, 2019-2026
11. Middle East & Africa Factory Automation and Industrial Controls Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Factory Automation and Industrial Controls Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Factory Automation and Industrial Controls Market Size and Volume Forecast by Types
11.4.1. Industrial Control Systems
11.4.2. Field Devices
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Factory Automation and Industrial Controls Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Factory Automation and Industrial Controls Market: Market Share Analysis
12.2. Factory Automation and Industrial Controls Distributors and Customers
12.3. Factory Automation and Industrial Controls Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. ABB Limited
12.4.2. Siemens AG
12.4.3. Schneider Electric SE
12.4.4. Honeywell International Inc.
12.4.5. Rockwell Automation Inc.
Methodology
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